PROPERTY, PLANT AND EQUIPMENT, NET |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 27, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, Plant, and Equipment [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PROPERTY, PLANT AND EQUIPMENT, NET | PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net, consisted of the following:
Depreciation expense was $13.7 million and $11.1 million for the thirteen weeks ended September 27, 2026 and September 28, 2025, respectively, and $40.5 million and $32.4 million for the thirty-nine weeks ended September 27, 2026 and September 28, 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). During May 2026, the Company sold one property in Hanover, PA for $1.2 million and another property in Hanover, PA for $4.2 million during September 2026 that were previously reported in Assets held for sale. No impairment was recognized on the sales. In November 2026, the Company sold one additional building located in Hanover, PA. See Note 17. Subsequent Events. The carrying value of this asset in the amount of $6.1 million has been reported as Assets held for sale on the Consolidated Balance Sheets as of September 27, 2026. No impairment has been recognized on this asset. 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.
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