Property and equipment as of January 3, 2026 and December 28, 2024, consisted of the following:
As of
January 3, 2026December 28, 2024
(In thousands)
Land and land improvements$34,064 $31,834 
Buildings222,165 210,875 
Machinery and equipment218,432 175,981 
Construction in progress20,792 24,938 
495,453 443,628 
Accumulated depreciation(208,693)(194,072)
Property and equipment, net$286,760 $249,556 

Historical Timeline

Fiscal YearFiled
2026Feb 24, 2026Showing above
2024Feb 18, 2025
2023Feb 20, 2024
2022Feb 21, 2023

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.