v3.26.1
PROPERTY, PLANT AND EQUIPMENT, NET
 6 Months Ended
Jun. 27, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET PROPERTY, PLANT AND EQUIPMENT, NET
The composition of property, plant and equipment, net is as follows:
June 27, 2026December 27, 2025
(in thousands)
Land$72,702 $72,022 
Buildings (1)
1,096,562 1,097,572 
Machinery and equipment (1)
984,500 1,093,556 
Leasehold improvements348,871 438,230 
Furniture and fixtures23,528 27,873 
Computer hardware and software (1)
287,586 284,913 
Vehicles (1)
5,904 7,152 
Construction in progress135,503 171,604 
Total2,955,156 3,192,922 
Less: Accumulated depreciation(1,460,242)(1,537,703)
Property, plant and equipment, net$1,494,914 $1,655,219 
(1) These balances include assets under finance leases.
In March 2026, the Company completed the sale of certain assets at the Wilmington, Massachusetts site. The assets consisted of office, laboratory and mixed-use buildings within our RMS segment and unallocated corporate, and was sold to an unrelated third party for cash consideration of $60.1 million, net of costs to sell. In conjunction with the sale, the Company has entered into a long-term operating lease for certain buildings to support RMS and unallocated corporate operations. Upon meeting the criteria for sale leaseback, the Company derecognized the book value of $21.6 million and recognized a pre-tax gain of $38.5 million. The gain was recognized within the RMS reportable segment and unallocated corporate for $23.2 million and $15.3 million, respectively, and is included in Selling, general and administrative expenses within the unaudited condensed consolidated statements of income (loss). As of December 27, 2025, the Company included the above assets as held for sale within Other assets on the unaudited condensed consolidated balance sheets.
Depreciation expense in the three months ended June 27, 2026 and June 28, 2025 was $39.3 million and $44.3 million, respectively. Depreciation expense in the six months ended June 27, 2026 and June 28, 2025 was $80.6 million and $87.7 million, respectively.