Annual report pursuant to Section 13 and 15(d)

Property, Plant, and Equipment

v3.24.0.1
Property, Plant, and Equipment
 12 Months Ended
Dec. 30, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
Property, plant, and equipment are as follows:
(in millions)
 Useful Life December 30, 2023 December 31, 2022
Land Indefinite $ 4.5  $ 4.5 
Building 39 years 2.5  2.5 
Manufacturing machinery and equipment
3-7 years
 43.5  38.8 
Leasehold improvements
 Over the shorter of the lease term or respective useful life 11.4  8.3 
Computer and software 3 years 14.5  9.6 
Furniture and fixtures, and vehicles
3-7 years
 4.9  3.6 
Construction in progress
 6.2  1.9 
$ 87.5  $ 69.2 
Less: accumulated depreciation
 (35.1) (27.1)
$ 52.4  $ 42.1 
For the years ended December 30, 2023, December 31, 2022, and January 1, 2022, the Company incurred depreciation of expense of $9.3, $7.9 and $6.5, respectively. Depreciation expense included in cost of revenues for the years ended December 30, 2023, December 31, 2022, and January 1, 2022, was $6.9, $5.7 and $4.8, respectively. Depreciation expense included in operating expenses for the years ended December 30, 2023, December 31, 2022, and January 1, 2022, was $2.4, $2.2 and $1.7, respectively.