Estimated useful lives of property, plant, and equipment are as follows:
Leasehold improvementsShorter of estimated useful life
 or remaining lease term
Buildings and improvements (years)
10 -30
Machinery and equipment (years)
7 – 10
Furniture, fixtures, computers & software (years)
3 – 7
Property, plant, and equipment consist of the following (in thousands):
December 31,
20252024
Land and improvements$5,900 $5,759 
Buildings and improvements38,602 37,895 
Leasehold improvements12,642 11,216 
Machinery & equipment74,005 65,244 
Furniture, fixtures, computers & software10,361 8,314 
Construction in progress10,941 6,506 
Property, plant and equipment$152,451 $134,934 
Accumulated depreciation(73,342)(64,370)
Net property, plant and equipment$79,109 $70,564 

Historical Timeline

Fiscal YearFiled
2025Feb 27, 2026Showing above
2024Mar 3, 2025
2023Feb 29, 2024
2022Mar 16, 2023
2021Mar 14, 2022
2020Mar 12, 2021
2019Mar 13, 2020
2018Mar 15, 2019
2017Mar 16, 2018
2016Mar 10, 2017
2015Mar 11, 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.