Property and equipment consisted of the following (in thousands):
 Fiscal Year Ended
 September 28,
2025
September 29,
2024
Equipment, furniture and fixtures$140,695 $139,070 
Leasehold improvements46,883 44,883 
Total property and equipment187,578 183,953 
Accumulated depreciation(121,430)(110,888)
Property and equipment, net$66,148 $73,065 

Historical Timeline

Fiscal YearFiled
2025Nov 20, 2025Showing above
2024Nov 19, 2024
2023Nov 22, 2023
2022Nov 25, 2022
2021Nov 24, 2021
2020Nov 23, 2020
2019Nov 29, 2019
2018Nov 16, 2018
2017Nov 20, 2017
2016Nov 22, 2016
2015Nov 20, 2015

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.