Estimated useful lives are as follows:
Buildings40 years
Manufacturing equipment and machinery
4-20 years
Computer software and equipment
3-7 years
Furniture and fixtures5 years
Property, plant and equipment consisted of the following (in thousands):
December 31,
20252024
Manufacturing equipment and machinery$97,414 $87,451 
Land and buildings72,230 71,902 
Computer software63,648 42,635 
Leasehold improvements63,569 70,201 
Construction-in-progress49,635 34,493 
Computer equipment21,905 20,137 
Furniture and fixtures10,009 8,551 
Subtotal378,410 335,370 
Less accumulated depreciation and amortization(178,553)(161,957)
Property, plant and equipment, net$199,857 $173,413 

Historical Timeline

Fiscal YearFiled
2025Feb 24, 2026Showing above
2024Feb 26, 2025
2023Feb 28, 2024
2022Mar 1, 2023
2021Mar 1, 2022
2020Feb 23, 2021
2019Feb 25, 2020
2018Feb 26, 2019
2017Feb 27, 2018
2016Feb 28, 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.