Useful lives by major asset class are as follows:
 Estimated useful lives
Machinery, equipment and software
2 - 5 years
Leasehold improvements
up to 10 years
Furniture and fixtures
3 - 5 years
Store fixtures
1 - 3 years
Property and equipment as of March 31, 2026 and March 31, 2025 consists of the following (in thousands):
 March 31, 2026March 31, 2025
Machinery, equipment and software$21,477 $21,673 
Leasehold improvements33,381 22,463 
Furniture and fixtures5,358 2,838 
Store fixtures4,690 9,309 
Property and equipment, gross64,906 56,283 
Less: Accumulated depreciation and amortization(23,410)(27,496)
Property and equipment, net$41,496 $28,787 

Historical Timeline

Fiscal YearFiled
2026May 21, 2026Showing above
2025May 29, 2025
2024May 23, 2024
2023May 25, 2023
2022May 26, 2022
2021May 27, 2021
2020May 28, 2020
2018Feb 28, 2019
2017Mar 1, 2018
2016Mar 15, 2017

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.