| Schedule of Property, Plant and Equipment, Net |
The Company accounts for depreciation and amortization using the straight-line method to allocate the cost of property, plant and equipment over their estimated useful lives as follows: | | | | | | | Estimated Useful Life (in Years) | | Buildings | 25 | | Building improvements | 3 – 12 | | Machinery and equipment | 3 – 7 | | Furniture, fixtures and vehicles | 3 – 5 | | Leasehold improvements | Shorter of the estimated useful life or the remaining lease term |
Property, plant and equipment, net as of July 3, 2026 and December 31, 2025 consists of the following (in thousands): | | | | | | | | | | | | | July 3,
2026 | | December 31,
2025 | | Machinery and equipment | $ | 37,741 | | | $ | 35,141 | | | Buildings and building improvements | 19,616 | | | 19,592 | | | Land | 1,751 | | | 1,751 | | | Furniture, fixtures and vehicles | 2,614 | | | 2,740 | | | Leasehold improvements | 1,378 | | | 1,383 | | | Property and equipment, gross | 63,100 | | | 60,607 | | | Less: Accumulated depreciation | (25,330) | | | (22,182) | | | Plus: Construction in-progress | 4,687 | | | 3,917 | | | Property and equipment, net | $ | 42,457 | | | $ | 42,342 | |
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