Property, plant, and equipment have been recorded at cost.  Depreciation is provided using the straight-line method over the following estimated useful lives of the related assets:
 Years
Building and improvements
25 - 40
Machinery and equipment
7 - 20
Tools, dies, and molds
2 - 9
Property, plant, and equipment at December 31, 2025 and 2024, consisted of the following (amounts in thousands):
 20252024
Land and improvements$47,445 $42,534 
Buildings and improvements285,537 260,256 
Machinery and equipment769,490 703,899 
Tools, dies, and molds123,744 118,569 
Construction-in-process50,627 46,997 
 1,276,843 1,172,255 
Less accumulated depreciation(827,933)(751,037)
 $448,910 $421,218 

Historical Timeline

Fiscal YearFiled
2025Feb 26, 2026Showing above
2024Feb 27, 2025
2023Feb 29, 2024
2022Feb 27, 2023
2021Mar 3, 2022
2020Mar 4, 2021
2019Mar 4, 2020
2018Mar 7, 2019
2017Feb 23, 2018
2016Mar 15, 2017
2015Feb 25, 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.