Estimated useful lives of the respective property, plant and equipment assets are as follows:

Asset

 

Useful Life

Buildings

 

31 years

Buildings improvements

 

Economic life of the building improvements

Leasehold improvements

 

The shorter of the remaining term of the lease or estimated useful life

Machinery and equipment

 

3 - 10 years

Office Equipment

 

3 - 7 years

 

Property, plant and equipment, net is stated at cost, and consisted of the following:

 

March 27,
2026

 

 

March 28,
2025

 

Land

 

$

26,549

 

 

$

25,175

 

Buildings, building improvements and leasehold improvements

 

 

63,929

 

 

 

66,258

 

Machinery and equipment

 

 

710,678

 

 

 

670,902

 

Office equipment

 

 

7,243

 

 

 

6,677

 

Right-of-use asset

 

 

8,797

 

 

 

8,182

 

Construction in progress

 

 

51,910

 

 

 

51,580

 

Total

 

 

869,106

 

 

 

828,774

 

Less: accumulated depreciation

 

 

(560,848

)

 

 

(525,855

)

Total

 

$

308,258

 

 

$

302,919

 

Historical Timeline

Fiscal YearFiled
2026May 21, 2026Showing above
2025May 22, 2025
2024May 23, 2024
2023May 25, 2023
2022May 18, 2022
2021May 19, 2021

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.