How much was the depreciation and amortization for Benihana in 2022?

According to Benihana's 2024 Franchise Disclosure Document, depreciation and amortization related to property and equipment amounted to $11.7 million for the year ended December 31, 2022. In 2023, this figure increased to $15.1 million. This indicates the expense recognized for accounting purposes to allocate the cost of tangible assets like buildings and equipment over their useful lives.

Additionally, the FDD provides a breakdown of depreciation and amortization as a percentage of total costs and expenses. For the year ended December 31, 2022, depreciation and amortization accounted for 3.8% of Benihana's total costs and expenses, while in 2023, it was 4.7%. This shows a relative increase in the proportion of depreciation and amortization expenses compared to the overall costs of running the business.

Furthermore, the document details the depreciation methods used by Benihana. Computers, equipment, furniture, and fixtures are depreciated over their useful lives, ranging from three to fifteen years. Leasehold improvements are depreciated over the shorter of their estimated useful lives or the remaining term of the associated lease. This information is useful for a prospective franchisee to understand how Benihana accounts for its assets and expenses, which can impact the financial performance of the franchise.