Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.24.3
Property, Plant and Equipment
 9 Months Ended
Sep. 28, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant, and Equipment
Property, plant, and equipment as of September 28, 2024 and December 30, 2023 are as follows:
(dollar amounts in millions) Useful Life September 28, 2024 December 30, 2023
Land Indefinite $ 4.5  $ 4.5 
Building 39 years 2.5  2.5 
Manufacturing machinery and equipment
3-7 years
 50.2  43.5 
Leasehold improvements
 Over the shorter of the lease term or respective useful life 12.7  11.4 
Computer and software 3 years 16.5  14.5 
Furniture and fixtures, and vehicles
3-7 years
 6.1  4.9 
Construction in progress
 — 9.6  6.2 
$ 102.1  $ 87.5 
Less: accumulated depreciation
 (43.7) (35.1)
$ 58.4  $ 52.4 
Depreciation expense included in cost of revenues, was approximately $2.0 and $1.7 for the three month periods ended September 28, 2024 and September 30, 2023, respectively, and $5.7 and $5.1 for the nine month periods ended September 28, 2024 and September 30, 2023, respectively. Depreciation expense included in operating expenses was $1.0 and $0.5 for the three month periods ended September 28, 2024 and September 30, 2023, respectively and $3.2 and $1.5 for the nine month periods ended September 28, 2024 and September 30, 2023, respectively.