National Vision Holdings, Inc. PP&E Disclosure
| Buildings | 34 years | ||||
| Equipment | 3 - 10 years | ||||
Information technology hardware and software (a) | 2 - 5 years | ||||
| Furniture and fixtures | 6 years | ||||
Leasehold improvements(b) | 5 - 10 years | ||||
P&E under finance leases (b) | 10 years | ||||
____________ | |||||
(a)Costs of developing or obtaining software for internal use, such as direct costs of materials or services and internal payroll costs related to the software development projects, are capitalized to information technology hardware and software. (b)Depreciation of leasehold improvements is recognized over the shorter of the estimated useful life of the asset or the term of the lease. The term of the lease includes renewal options for additional periods if the exercise of the renewal is considered to be reasonably assured. | |||||
| In thousands | As of January 3, 2026 | As of December 28, 2024 | |||||||||
| Property and equipment, net: | |||||||||||
| Land and building | $ | 3,736 | $ | 3,736 | |||||||
| Equipment | 315,231 | 299,823 | |||||||||
| Information technology hardware and software | 123,294 | 128,654 | |||||||||
| Furniture and fixtures | 88,514 | 85,061 | |||||||||
| Leasehold improvements | 386,329 | 360,927 | |||||||||
| Construction in progress | 34,711 | 31,620 | |||||||||
| Right of use assets under finance leases | 36,219 | 36,219 | |||||||||
| 988,034 | 946,040 | ||||||||||
| Less: Accumulated depreciation | (643,415) | (583,865) | |||||||||
| $ | 344,619 | $ | 362,175 | ||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 4, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 28, 2022 | |
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.