Property, Plant and Equipment |
Property, Plant, and Equipment Property, plant, and equipment are as follows for the periods presented:
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(dollar amounts in millions) |
Useful Life |
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June 28, 2025 |
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December 28, 2024 |
Land |
Indefinite |
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$ |
3.4 |
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$ |
3.4 |
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Manufacturing machinery and equipment |
3-7 years |
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58.2 |
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50.6 |
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Leasehold improvements |
Over the shorter of the lease term or respective useful life |
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13.9 |
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12.9 |
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Computer and software |
3 years |
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16.5 |
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16.3 |
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Furniture and fixtures, and vehicles |
3-7 years |
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6.0 |
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5.9 |
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Construction in progress |
— |
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18.1 |
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12.8 |
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Total property, plant, and equipment |
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$ |
116.1 |
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$ |
101.9 |
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Less: accumulated depreciation |
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(51.0) |
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(45.1) |
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Property, plant, and equipment, net |
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$ |
65.1
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$ |
56.8
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Depreciation expense included in cost of revenues, was approximately $2.1 and $1.9 for the three month periods ended June 28, 2025 and June 29, 2024, respectively, and $4.1 and $3.8 for the six month periods ended June 28, 2025 and June 29, 2024, respectively. Depreciation expense included in operating expenses was $0.9 and $1.1 for the three month periods ended June 28, 2025 and June 29, 2024, respectively, and $1.8 and $2.1 for the six month periods ended June 28, 2025 and June 29, 2024, respectively.
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