Property and equipment consist of the following (in thousands):
 
          
  Estimated
Useful Lives
    June 29
2025
      June 30,
2024
 
               
Equipment, furniture and fixtures
3 - 7 yrs
  $1,228    $1,173 
Leasehold improvements
10 yrs or lease term, if shorter
   472     472 
       1,700     1,645 
Less: accumulated depreciation/amortization
     (1,563    (1,463
      $137    $182 

Historical Timeline

Fiscal YearFiled
2025Sep 25, 2025Showing above
2024Sep 26, 2024
2023Sep 21, 2023
2022Sep 23, 2022
2021Sep 21, 2021
2020Sep 28, 2020
2019Sep 30, 2019
2018Sep 24, 2018
2016Sep 23, 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.