Property, Plant and Equipment

12 Months Ended

Dec. 25, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

G. Property, Plant and Equipment

Property, plant and equipment consisted of the following:

	December 25, 2021			December 26, 2020
	(in thousands)
Machinery and plant equipment	$	729,251		$	641,790
Kegs		59,794			61,582
Land		25,668			25,753
Building and building improvements		207,565			174,328
Office equipment and furniture		30,085			31,115
Leasehold improvements		70,422			43,157
Assets under construction		35,619			84,564
Property, plant and equipment, gross		1,158,404			1,062,289
Less accumulated depreciation		(493,589	)		(439,206	)
Property, plant and equipment, net	$	664,815		$	623,083

The Company recorded depreciation expense related to these assets of $71.8 million, $65.4 million and $56.2 million, in fiscal years 2021, 2020, and 2019, respectively.

Impairment of Assets

The Company evaluates its assets for impairment when events indicate that an asset or asset group may have suffered impairment. During fiscal years 2021, 2020 and 2019, the Company recorded impairment charges of $18.5 million, $4.4 million and $0.9 million, respectively. The increase in impairment charges during fiscal year 2021 relates to write-downs of equipment related to the slowdown of the hard seltzer category. See Note C for further discussion of impairment charges recorded.