Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment

v3.25.1
Property, Plant and Equipment
 3 Months Ended
Mar. 29, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant, and Equipment
Property, plant, and equipment as of March 29, 2025 and December 28, 2024 are as follows:
(dollar amounts in millions) Useful Life March 29, 2025 December 28, 2024
Land Indefinite $ 3.4  $ 3.4 
Building 39 years —  — 
Manufacturing machinery and equipment
3-7 years
 56.5  50.6 
Leasehold improvements
 Over the shorter of the lease term or respective useful life 13.4  12.9 
Computer and software 3 years 16.3  16.3 
Furniture and fixtures, and vehicles
3-7 years
 6.0  5.9 
Construction in progress
 — 13.5  12.8 
Total property, plant, and equipment $ 109.1  $ 101.9 
Less: accumulated depreciation
 (48.0) (45.1)
Property, plant, and equipment, net
 $ 61.1  $ 56.8 
Depreciation expense included in cost of revenues, was approximately $2.0 and $1.8 for the three month periods ended March 29, 2025 and March 30, 2024, respectively. Depreciation expense included in operating expenses was $0.9 and $1.0 for the three month periods ended March 29, 2025 and March 30, 2024, respectively.