Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.24.2.u1
Property, Plant and Equipment
 6 Months Ended
Jun. 29, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant, and Equipment
Property, plant, and equipment as of June 29, 2024 and December 30, 2023 are as follows:
Useful Life June 29, 2024 December 30, 2023
Land Indefinite $ 4.5  $ 4.5 
Building 39 years 2.4  2.5 
Manufacturing machinery and equipment
3-7 years
 48.3  43.5 
Leasehold improvements
 Over the shorter of the lease term or respective useful life 12.3  11.4 
Computer and software 3 years 16.2  14.5 
Furniture and fixtures, and vehicles
3-7 years
 6.0  4.9 
Construction in progress
 — 8.5  6.2 
$ 98.2  $ 87.5 
Less: accumulated depreciation
 (40.6) (35.1)
$ 57.6  $ 52.4 
Depreciation expense included in cost of revenues, was approximately $1.9 and $1.7 for the three month periods ended June 29, 2024 and July 1, 2023, respectively, and $3.8 and $3.3 for the six month periods ended June 29, 2024 and July 1, 2023, respectively. Depreciation expense included in operating expenses was $1.1 and $0.5 for the three month periods ended June 29, 2024 and July 1, 2023, respectively and $2.1 and $1.1 for the six month periods ended June 29, 2024 and July 1, 2023, respectively.