KEY TRONIC CORP PP&E Disclosure
| Life | June 28, 2025 | June 29, 2024 | |||||||||||||||
| (in years) | (in thousands) | ||||||||||||||||
| Land | — | $ | 4,034 | $ | 4,034 | ||||||||||||
| Buildings and improvements | 3 to 30 | 29,276 | 27,821 | ||||||||||||||
| Equipment | 1 to 10 | 94,140 | 80,049 | ||||||||||||||
| Furniture and fixtures | 3 to 5 | 7,238 | 6,660 | ||||||||||||||
| Total property, plant and equipment | 134,688 | 118,564 | |||||||||||||||
| Accumulated depreciation | (106,961) | (89,758) | |||||||||||||||
| Property, plant and equipment, net | $ | 27,727 | $ | 28,806 | |||||||||||||
| Fiscal Year Ended | |||||||||||
| June 28, 2025 | June 29, 2024 | ||||||||||
| (in thousands) | |||||||||||
| Depreciation expense | $ | 5,200 | $ | 5,270 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 17, 2025 | Showing above |
| 2024 | Oct 15, 2024 | |
| 2023 | Sep 26, 2023 | |
| 2022 | Sep 14, 2022 | |
| 2021 | Sep 16, 2021 | |
| 2020 | Sep 11, 2020 | |
| 2019 | Sep 12, 2019 | |
| 2018 | Sep 10, 2018 | |
| 2017 | Sep 11, 2017 | |
| 2016 | Sep 9, 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.