Property, Plant and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

G. Property, Plant, and Equipment

Property, plant, and equipment consisted of the following:

	December 31, 2022			December 25, 2021
	(in thousands)
Machinery and plant equipment	$	760,895		$	729,251
Building and building improvements		237,561			207,565
Leasehold improvements		75,260			70,422
Kegs		58,492			59,794
Office equipment and furniture		36,935			30,085
Land		25,777			25,668
Assets under construction		41,323			35,619
Property, plant, and equipment, gross		1,236,243			1,158,404
Less accumulated depreciation		(568,334	)		(493,589	)
Property, plant, and equipment, net	$	667,909		$	664,815

The Company recorded depreciation expense related to these assets of $81.1 million, $71.8 million, and $65.4 million, in fiscal years 2022, 2021, and 2020, 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 2022, 2021, and 2020, the Company recorded impairment charges on brewery assets classified as property, plant, and equipment of $2.6 million, $18.5 million, and $4.4 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.