The components of property, plant and equipment, net were as follows:
December 31,
(in thousands)20252024
Land$14,379 $14,273 
Buildings and improvements238,858 223,737 
Machinery and equipment295,743 272,911 
Furniture, computers and equipment72,961 62,032 
Computer software90,831 90,583 
Construction in progress61,129 51,640 
Property, plant and equipment, gross773,901 715,176 
Accumulated depreciation and amortization(417,326)(389,429)
Property, plant and equipment, net$356,575 $325,747 

Historical Timeline

Fiscal YearFiled
2025Feb 27, 2026Showing above
2024Feb 27, 2025
2023Feb 29, 2024
2022Mar 1, 2023
2021Mar 1, 2022
2020Feb 25, 2021
2019Feb 27, 2020
2018Feb 28, 2019
2017Mar 7, 2018
2016Mar 30, 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.