Quarterly report [Sections 13 or 15(d)]

Property, Plant, and Equipment, net

v3.26.3
Property, Plant, and Equipment, net
 9 Months Ended
Oct. 03, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant, and Equipment, net
4. Property, Plant, and Equipment, net

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

(dollar amounts in millions) Useful Life October 3, 2026 January 3, 2026
Land Indefinite $ 0.9  $ 0.9 
Building
30 years
 8.4  8.2 
Manufacturing machinery and equipment
3-10 years
 74.4  69.3 
Leasehold improvements
 Over the shorter of the lease term or respective useful life 14.0  12.0 
Computer and software
3-7 years
 18.1  19.2 
Furniture and fixtures, and vehicles
3-7 years
 7.6  6.8 
Construction in progress
 4.4  5.8 
Total property, plant, and equipment
 $ 127.8  $ 122.2 
Less: accumulated depreciation
 (62.7) (56.0)
Property, plant, and equipment, net $ 65.1  $ 66.2 
Depreciation expense included in cost of revenues was approximately $2.3 for each of the three month periods ended October 3, 2026 and September 27, 2025 and $7.2 and $6.4 for the nine month periods ended October 3, 2026 and September 27, 2025, respectively. Depreciation expense included in operating expenses was $1.3 and $0.9 for the three month periods ended October 3, 2026 and September 27, 2025, respectively, and $3.6 and $2.7 for the nine month periods ended October 3, 2026 and September 27, 2025, respectively.