December 31,December 31,
20252024
Land$1,118 $1,118 
Buildings and improvements39,071 36,152 
Machinery and equipment46,202 51,015 
Computer equipment and software11,101 11,502 
Furniture and fixtures1,632 1,621 
Construction in progress2,931 9,615 
102,055 111,023 
Accumulated depreciation(62,876)(65,918)
$39,179 $45,105 

Historical Timeline

Fiscal YearFiled
2025Mar 9, 2026Showing above
2024Mar 7, 2025
2023Mar 11, 2024
2022Mar 3, 2023

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.