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Property, Plant and Equipment
12 Months Ended
Dec. 28, 2019
Property, Plant and Equipment
F.
Property, Plant and Equipment
Property, plant and equipment consisted of the following:
                 
 
December 28,
2019
 
 
December 29,
2018
 
 
(in thousands)
 
Machinery and plant eq
u
ipment
  $
571,506
    $
459,352
 
Kegs
   
66,011
     
67,940
 
Land
   
25,759
     
22,295
 
Building and building improvements
   
130,311
     
115,748
 
Office equipment and furniture
   
29,202
     
25,728
 
Leasehold improvements
   
48,528
     
20,830
 
Assets under construction 
 
 
59,027
 
 
 
22,160
 
                 
   
930,344
     
734,053
 
Less accumulated depreciation
   
(389,276
)    
(344,264
)
                 
  $
541,068
    $
389,789
 
                 
 
 
 
 
 
 
 
 
 
 
The Company recorded depreciation expense related to these assets of $
56.1
 million, $
51.8
 million and $
51.2
 million, in fiscal years 2019, 2018, and 2017, respectively. The Dogfish Head Transaction added $
107.0
 million in gross fixed assets on July 3, 2019. See Note C.
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 2019, 2018 and 2017, the Company recorded impairment charges of $
0.9
 million, $
0.7
 million and $
2.5
 million, respectively.