Property, Plant and Equipment

9 Months Ended

Sep. 28, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant, and Equipment

Property, plant, and equipment as of September 28, 2024 and December 30, 2023 are as follows:

(dollar amounts in millions)	Useful Life	September 28, 2024		December 30, 2023
Land	Indefinite	$	4.5	$	4.5
Building	39 years	2.5		2.5
Manufacturing machinery and equipment	3-7 years	50.2		43.5
Leasehold improvements	Over the shorter of the lease term or respective useful life	12.7		11.4
Computer and software	3 years	16.5		14.5
Furniture and fixtures, and vehicles	3-7 years	6.1		4.9
Construction in progress	—	9.6		6.2
		$	102.1	$	87.5
Less: accumulated depreciation		(43.7)		(35.1)
		$	58.4	$	52.4

Depreciation expense included in cost of revenues, was approximately $2.0 and $1.7 for the three month periods ended September 28, 2024 and September 30, 2023, respectively, and $5.7 and $5.1 for the nine month periods ended September 28, 2024 and September 30, 2023, respectively. Depreciation expense included in operating expenses was $1.0 and $0.5 for the three month periods ended September 28, 2024 and September 30, 2023, respectively and $3.2 and $1.5 for the nine month periods ended September 28, 2024 and September 30, 2023, respectively.