Property and Equipment, Net

3 Months Ended

Mar. 27, 2015

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following:



(In thousands)	March 27, 2015			December 31, 2014
Land and land rights	$	23,157		$	23,157
Buildings	161,096			161,070
Equipment and software	317,240			298,069
Office furniture and fixtures	24,686			24,601
Leasehold improvements	13,015			12,800
Construction in progress	1,806			9,597
Property and equipment, at cost	541,000			529,294
Accumulated depreciation	(325,691		)	(334,454		)
Property and equipment, net	$	215,309		$	194,840

Depreciation expense was $12.8 million and $13.0 million for the three months ended March 27, 2015 and March 28, 2014, respectively. Depreciation and amortization expense as presented in our consolidated statements of cash flows includes the above amounts, together with amortization expense on our non-acquisition related intangible assets.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details