The composition of property, plant and equipment is as follows (dollar amounts in thousands):
As of December 31,20252024
Land and improvements$356 $334 
Buildings and improvements34,992 34,158 
Machinery and equipment35,353 32,145 
Furniture and fixtures3,757 4,925 
Computer software and hardware66,601 65,851 
 141,059 137,413 
Accumulated depreciation and amortization(108,144)(97,828)
Total property, plant and equipment$32,915 $39,585 

Historical Timeline

Fiscal YearFiled
2025Mar 10, 2026Showing above
2024Mar 11, 2025
2023Mar 12, 2024
2022Mar 16, 2023
2021Mar 8, 2022
2020Mar 10, 2021
2019Mar 11, 2020
2018Mar 8, 2019
2017Mar 16, 2018
2016Mar 14, 2017
2015Mar 14, 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.