LAKELAND INDUSTRIES INC PP&E Disclosure
3. PROPERTY AND EQUIPMENT, NET
Property and equipment consist of the following (in $000s):
|
|
Useful Life in |
|
January 31, |
|
|||||
|
|
Years |
|
2026 |
|
|
2025 |
|
||
Machinery and equipment |
|
3-10 |
|
$ |
16,090 |
|
|
$ |
14,180 |
|
Furniture and fixtures |
|
3-10 |
|
|
1,520 |
|
|
|
1,176 |
|
Leasehold improvements |
|
|
|
2,015 |
|
|
|
3,059 |
|
|
Computer hardware and software |
|
3 |
|
|
5,315 |
|
|
|
5,141 |
|
|
|
|
|
|
|
|
|
|
||
Land and building |
|
20-30 |
|
|
4,602 |
|
|
|
7,623 |
|
|
|
|
|
|
29,542 |
|
|
|
31,179 |
|
Less accumulated depreciation and |
|
|
|
|
(18,398 |
) |
|
|
(18,201 |
) |
Construction-in-progress |
|
|
|
|
496 |
|
|
|
970 |
|
|
|
|
|
$ |
11,640 |
|
|
$ |
13,948 |
|
Depreciation and amortization expense for FY26 and FY25 amounted to $2.8 million and $2.6 million, respectively.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Apr 16, 2026 | Showing above |
| 2024 | Apr 11, 2024 | |
| 2023 | Apr 18, 2023 | |
| 2022 | Apr 21, 2022 | |
| 2021 | Apr 16, 2021 | |
| 2020 | Apr 15, 2020 | |
| 2019 | Apr 16, 2019 | |
| 2018 | Apr 16, 2018 | |
| 2017 | Apr 26, 2017 | |
| 2016 | Apr 21, 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.