| Property, Net |
Property, Net Property, net consisted of the following: | | | | | | | | | | December 25, 2013 | | December 26, 2012 | | (In thousands) | Land | $ | 27,198 |
| | $ | 26,622 |
| Buildings and leasehold improvements | 229,918 |
| | 228,132 |
| Other property and equipment | 75,740 |
| | 73,851 |
| Total property owned | 332,856 |
| | 328,605 |
| Less accumulated depreciation | 241,257 |
| | 234,046 |
| Property owned, net | 91,599 |
| | 94,559 |
| Buildings, vehicles and other equipment held under capital leases | 28,730 |
| | 28,572 |
| Less accumulated amortization | 14,709 |
| | 16,127 |
| Property held under capital leases, net | 14,021 |
| | 12,445 |
| Total property, net | $ | 105,620 |
| | $ | 107,004 |
|
The following table reflects the property assets, included in the table above, which were leased to franchisees: | | | | | | | | | | December 25, 2013 | | December 26, 2012 | | (In thousands) | Land | $ | 14,977 |
| | $ | 14,377 |
| Buildings and leasehold improvements | 64,458 |
| | 66,207 |
| Total property owned, leased to franchisees | 79,435 |
| | 80,584 |
| Less accumulated depreciation | 54,473 |
| | 55,647 |
| Property owned, leased to franchisees, net | 24,962 |
| | 24,937 |
| Buildings held under capital leases, leased to franchisees | 10,206 |
| | 13,834 |
| Less accumulated amortization | 7,345 |
| | 9,627 |
| Property held under capital leases, leased to franchisees, net | 2,861 |
| | 4,207 |
| Total property leased to franchisees, net | $ | 27,823 |
| | $ | 29,144 |
|
Depreciation expense, including amortization of property under capital leases, for 2013, 2012 and 2011 was $18.6 million, $19.1 million and $23.7 million, respectively. Substantially all owned property is pledged as collateral for our Credit Facility. See Note 10. |