Estimated useful lives by major asset category are as follows:
Buildings and building improvements
10 to 39 years
Machinery, equipment, and tooling
3 to 10 years
Software and computer equipment
3 to 10 years
Furniture, fixtures, and leasehold improvements
1 to 39 years
Property, plant, and equipment include the following:
December 31,
(in thousands)20252024
Buildings$65,402 $67,040 
Machinery, equipment, and tooling233,828 223,807 
Furniture, fixtures, and leasehold improvements34,403 18,390 
Software and computer equipment141,661 127,578 
Total475,294 436,815 
Less: accumulated depreciation and amortization(306,517)(272,316)
Property, plant, and equipment, net$168,777 $164,499 

Historical Timeline

Fiscal YearFiled
2025Feb 27, 2026Showing above
2024Feb 27, 2025
2023Feb 28, 2024
2022Mar 1, 2023
2021Feb 22, 2022
2020Feb 22, 2021
2019Feb 26, 2020
2018Feb 26, 2019
2017Feb 27, 2018
2016Feb 27, 2017
2015Feb 23, 2016

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.