Property, plant and equipment as of December 31, 2025 and 2024 was comprised of the following:

 

 

2025

 

 

2024

 

Land and land improvements

 

$

9,321

 

 

$

8,788

 

Buildings and leasehold improvements

 

 

70,319

 

 

 

70,400

 

Machinery and equipment

 

 

347,030

 

 

 

377,938

 

Construction-in-process

 

 

6,088

 

 

 

4,544

 

Other

 

 

6,447

 

 

 

6,337

 

 

 

 

439,205

 

 

 

468,007

 

Accumulated depreciation

 

 

(310,072

)

 

 

(319,951

)

Property, plant and equipment, net

 

$

129,133

 

 

$

148,056

 

Historical Timeline

Fiscal YearFiled
2025Mar 16, 2026Showing above
2024Mar 17, 2025
2023Mar 25, 2024
2022Mar 21, 2023
2021Mar 17, 2022
2020Mar 26, 2021
2019Mar 16, 2020

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.