Equipment and property are presented at cost less accumulated depreciation and are detailed as follows:
December 31,20252024
(in thousands)
Buildings$45,470 $54,600 
Operating equipment156,394 145,973 
Furniture and fixtures24,536 25,383 
Computer equipment and systems116,438 259,992 
342,838 485,948 
Less: accumulated depreciation(237,815)(382,266)
105,023 103,682 
Land21,164 21,157 
Equipment and property, net$126,187 $124,839 

Historical Timeline

Fiscal YearFiled
2025Feb 12, 2026Showing above
2024Feb 13, 2025
2023Feb 15, 2024
2022Feb 16, 2023
2021Feb 25, 2022
2020Feb 26, 2021
2019Feb 28, 2020
2018Mar 1, 2019
2017Feb 26, 2018
2016Feb 24, 2017
2015Feb 24, 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.