Annual report [Section 13 and 15(d), not S-K Item 405]

Property, Plant, and Equipment, Net

v3.25.4
Property, Plant, and Equipment, Net
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
NOTE 7 — PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant and equipment, net consisted of the following:

As of December 31,
(in thousands)
 2025 2024
Land and improvements $ 33,021  $ 32,862 
Buildings and improvements 235,969  226,336 
Machinery, software and equipment 420,565  405,909 
Furniture and fixtures 137,640  127,366 
Leasehold improvements 202,585  184,800 
Construction in progress 13,375  15,420 
1,043,155  992,693 
Less accumulated depreciation (764,024) (709,785)
$ 279,131  $ 282,908 

Depreciation expense for Property, plant and equipment, net was $56.8 million, $55.3 million, and $56.4 million for the years ended December 31, 2025, 2024 and 2023, respectively.

Impairment charges recorded for PP&E related to certain underperforming retail locations were $10.1 million for the year ended December 31, 2025 and were not material for the years ended December 31, 2024 and 2023.