v3.26.1
Property and Equipment, Net
3 Months Ended
Mar. 28, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
(amounts in thousands)March 28, 2026December 31, 2025
Property and equipment$2,102,986 $2,102,835 
Accumulated depreciation(1,378,699)(1,374,390)
Total property and equipment, net$724,287 $728,445 
During the three months ended March 28, 2026, we recorded an impairment charge of $3.1 million within SG&A and accelerated depreciation of $1.2 million within cost of sales in the accompanying unaudited condensed consolidated statement of operations, each related to property and equipment identified through our North America equipment capacity optimization review.
The effect on our carrying value of property and equipment, net due to currency translations for foreign property and equipment, net, was a decrease of $4.3 million as of March 28, 2026, compared to December 31, 2025.
Depreciation expense was recorded as follows:
Three Months Ended
(amounts in thousands)March 28, 2026March 29, 2025
Cost of sales$21,586 $19,172 
Selling, general, and administrative1,266 1,178 
Total depreciation expense$22,852 $20,350