The following table presents components of "property, plant and equipment, net" recorded in the Company's balance sheets:
(In thousands)December 2025December 2024
Land and improvements$9,616 $10,236 
Buildings and improvements170,830 168,171 
Machinery and equipment324,991 314,239 
Property, plant and equipment, at cost505,437 492,646 
Less: accumulated depreciation and amortization(374,709)(389,346)
Property, plant and equipment, net$130,728 $103,300 

(a) "Property, plant and equipment, net" at December 2025 includes $35.9 million related to Helly Hansen.

Historical Timeline

Fiscal YearFiled
2026Mar 4, 2026Showing above
2024Feb 25, 2025
2023Feb 28, 2024
2022Mar 2, 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.