Quarterly report [Sections 13 or 15(d)]

Property, Plant, and Equipment

v3.25.3
Property, Plant, and Equipment
 9 Months Ended
Sep. 27, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
4. Property, Plant, and Equipment

Property, plant, and equipment are as follows for the periods presented:

(dollar amounts in millions) Useful Life September 27, 2025 December 28, 2024
Land Indefinite $ 3.4  $ 3.4 
Building
39 years
 6.1  — 
Manufacturing machinery and equipment
3-7 years
 65.7  50.6 
Leasehold improvements
 Over the shorter of the lease term or respective useful life 15.3  12.9 
Computer and software
3 years
 16.4  16.3 
Furniture and fixtures, and vehicles
3-7 years
 6.9  5.9 
Construction in progress
 8.4  12.8 
Total property, plant, and equipment
 $ 122.2  $ 101.9 
Less: accumulated depreciation
 (53.7) (45.1)
Property, plant, and equipment, net $ 68.5  $ 56.8 
Depreciation expense included in cost of revenues, was approximately $2.3 and $2.0 for the three month periods ended September 27, 2025 and September 28, 2024, respectively, and $6.4 and $5.7 for the nine month periods ended September 27, 2025 and September 28, 2024, respectively. Depreciation expense included in operating expenses was $0.9 and $1.0 for the three month periods ended September 27, 2025 and September 28, 2024, respectively and $2.7 and $3.2 for the nine month periods ended September 27, 2025 and September 28, 2024, respectively.