Annual report pursuant to Section 13 and 15(d)

Property, Plant, and Equipment, Net

v3.20.4
Property, Plant, and Equipment, Net - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Property, Plant and Equipment [Abstract]      
Property, Plant and Equipment Disclosure [Text Block]
NOTE 5—PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant and equipment, net consisted of the following:
December 31,
(in thousands)
 2020 2019
Land and improvements $ 33,231  $ 26,951 
Buildings and improvements 209,251  204,077 
Machinery, software and equipment 388,808  383,881 
Furniture and fixtures 96,521  96,303 
Leasehold improvements 152,852  147,760 
Construction in progress 3,376  10,771 
884,039  869,743 
Less accumulated depreciation (574,247) (523,092)
$ 309,792  $ 346,651 
Depreciation expense for property, plant and equipment, net was $60.9 million, $59.8 million, and $58.2 million for the years ended December 31, 2020, 2019 and 2018, respectively.
Impairment charges for property, plant and equipment are included in SG&A expense and were $5.0 million, $0.4 million and $2.1 million for the years ended December 31, 2020, 2019 and 2018, respectively. Charges during the years ended December 31, 2020, 2019 and 2018 were recorded primarily for certain underperforming retail stores in the U.S., EMEA and LAAP regions.
   
Schedule of Property, Plant and Equipment, Net
Property, plant and equipment, net consisted of the following:
December 31,
(in thousands)
 2020 2019
Land and improvements $ 33,231  $ 26,951 
Buildings and improvements 209,251  204,077 
Machinery, software and equipment 388,808  383,881 
Furniture and fixtures 96,521  96,303 
Leasehold improvements 152,852  147,760 
Construction in progress 3,376  10,771 
884,039  869,743 
Less accumulated depreciation (574,247) (523,092)
$ 309,792  $ 346,651 
   
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Gross $ 884,039 $ 869,743  
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment (574,247) (523,092)  
Property, Plant and Equipment, Net, Total 309,792 346,651  
Depreciation and amortization 63,416 59,756 $ 58,230
Land and Land Improvements [Member]      
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Gross 33,231 26,951  
Building and Building Improvements [Member]      
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Gross 209,251 204,077  
Machinery and Equipment [Member]      
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Gross 388,808 383,881  
Furniture and Fixtures [Member]      
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Gross 96,521 96,303  
Leasehold Improvements [Member]      
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Gross 152,852 147,760  
Construction in Progress [Member]      
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Gross $ 3,376 $ 10,771