Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment

v3.25.2
Property, Plant and Equipment
6 Months Ended
Jun. 28, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant, and Equipment
Property, plant, and equipment are as follows for the periods presented:
(dollar amounts in millions) Useful Life June 28, 2025 December 28, 2024
Land Indefinite $ 3.4  $ 3.4 
Manufacturing machinery and equipment
3-7 years
58.2  50.6 
Leasehold improvements
Over the shorter of the lease term or respective useful life 13.9  12.9 
Computer and software 3 years 16.5  16.3 
Furniture and fixtures, and vehicles
3-7 years
6.0  5.9 
Construction in progress
18.1  12.8 
Total property, plant, and equipment $ 116.1  $ 101.9 
Less: accumulated depreciation
(51.0) (45.1)
Property, plant, and equipment, net $ 65.1  $ 56.8 
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.