
(in millions)	As of March 29, 2026		As of December 28, 2025
Land	$	20.7	$	20.2
Buildings	118.6		118.2
Machinery and equipment	372.9		363.5
Land improvements	1.1		1.1
Building improvements	3.5		3.5
Construction-in-progress	28.6		25.2
	545.4		531.7
Less: accumulated depreciation	(165.5)		(152.5)
Property, plant and equipment, net	$	379.9	$	379.2

Depreciation expense was $13.2 million and $9.4 million for the thirteen weeks ended March 29, 2026 and March 30, 2025, respectively. Depreciation expense is included in Cost of goods sold and Selling, and General and administrative expenses in the Consolidated Statements of Operations and Comprehensive Income (Loss).

The Company intends to sell three buildings located in Hanover, PA and a tract of land located in Goodyear, AZ. The carrying value of these assets in the amount of $10.4 million has been reported as Assets held for sale on the Consolidated Balance Sheets as of March 29, 2026. No impairment has been recognized on these assets. The Company cannot provide assurance that it will be able to complete the sale of any of these assets on the terms currently contemplated, or at all, or that the proceeds from such sales will equal or exceed the carrying value of the assets. In addition, the Company announced in July 2025 the closure of its Grand Rapids, Michigan manufacturing facility. This closure is expected to be completed in the first half of 2027.