Company: CHEF
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001517175-25-000002
Chunk: 114

Company: Chefs' Warehouse, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 114
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, respectively.

61

Note 7 – Property and Equipment

 Property and equipment as of December 27, 2024 and December 29, 2023 consisted of the following: Useful LivesDecember 27, 2024December 29, 2023LandIndefinite$5,542 $5,542 Buildings20 years63,868 41,979 Machinery and equipment5 - 10 years40,693 38,430 Computers, data processing and other equipment3 - 7 years18,407 20,271 Software3 - 7 years37,381 47,008 Leasehold improvements1- 40 years170,153 135,767 Furniture and fixtures7 years2,586 2,636 Vehicles5 - 10 years79,511 45,407 Construction-in-process 5,542 34,761   423,683 371,801 Less: accumulated depreciation and amortization (147,902)(137,008)Property and equipment, net $275,781 $234,793 Construction-in-process at December 27, 2024 related primarily to on-going investments in the Company’s information systems and distribution facilities. Construction-in-process at December 29, 2023 related primarily to the build-out of the Company’s Richmond, CA and CME distribution facilities.The net book value of equipment financed under finance leases at December 27, 2024 and December 29, 2023 was $45,051 and $20,161, respectively. No interest expense was capitalized during the fiscal years ended December 27, 2024, December 29, 2023 and December 30, 2022.The components of depreciation and amortization expense were as follows: Fiscal Years Ended December 27, 2024December 29, 2023December 30, 2022Depreciation expense$35,114 $26,910 $18,572 Software amortization$5,448 $5,977 $5,760 

Note 8 – Goodwill and Other Intangible Assets

 The changes in the carrying amount of goodwill are presented as follows:Carrying amount as of December 30, 2022$287,120 Goodwill adjustments1,859 Acquisitions66,940 Foreign currency translation102 Carrying amount as of December 29, 202