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Property and Equipment, Net
6 Months Ended
Jun. 27, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
(amounts in thousands)June 27, 2026December 31, 2025
Property and equipment$2,101,166 $2,102,835 
Accumulated depreciation(1,385,736)(1,374,390)
Total property and equipment, net$715,430 $728,445 
We recorded a nominal amount of accelerated depreciation of our plant and equipment during the three and six months ended June 27, 2026, and $0.8 million and $0.9 million during the three and six months ended June 28, 2025, respectively, within restructuring and asset-related charges, net in the accompanying unaudited condensed consolidated statements of operations. Refer to Note 16 - Restructuring and Asset-Related Charges to our consolidated financial statements included in this Form 10-Q for more information.
During the six months ended June 27, 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 in the first quarter of 2026 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 $7.8 million as of June 27, 2026, compared to December 31, 2025.
Depreciation expense was recorded as follows:
Three Months EndedSix Months Ended
(amounts in thousands)June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Cost of sales$21,297 $19,511 $42,883 $38,683 
Selling, general, and administrative1,046 1,157 2,312 2,335 
Total depreciation expense$22,343 $20,668 $45,195 $41,018