PP&E comprises the following (in thousands):
December 31,
20252024
Manufacturing machinery and equipment$580,863 $508,869 
Buildings and building improvements183,504 159,974 
Information technology hardware and software86,513 80,994 
Leasehold improvements115,669 102,988 
Furniture and fixtures18,323 16,902 
Land and land improvements12,499 11,809 
Construction work in process106,465 84,891 
Other1,628 1,552 
1,105,464 967,979 
Accumulated depreciation(569,037)(502,181)
Total$536,427 $465,798 

Historical Timeline

Fiscal YearFiled
2025Feb 23, 2026Showing above
2024Feb 20, 2025
2023Feb 20, 2024
2022Feb 21, 2023
2021Feb 22, 2022
2020Feb 18, 2021
2019Feb 20, 2020
2018Feb 22, 2019
2017Feb 22, 2018
2016Mar 1, 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.