Annual report pursuant to Section 13 and 15(d)

Property, Plant, and Equipment, Net

v3.22.4
Property, Plant, and Equipment, Net - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
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)
 2022 2021
Land and improvements $ 32,964  $ 33,107 
Buildings and improvements 211,495  209,792 
Machinery, software and equipment 386,657  382,337 
Furniture and fixtures 104,190  99,946 
Leasehold improvements 162,210  155,872 
Construction in progress 17,609  12,694 
915,125  893,748 
Less accumulated depreciation (623,911) (602,660)
$ 291,214  $ 291,088 

Depreciation expense for Property, plant and equipment, net was $53.1 million, $54.2 million, and $60.9 million for the years ended December 31, 2022, 2021 and 2020, respectively.
Impairment charges for Property, plant and equipment, net are included in SG&A expenses and were $0.8 million, $0.5 million, and $5.0 million for the years ended December 31, 2022, 2021 and 2020, respectively. Charges during the years ended December 31, 2022, 2021 and 2020 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)
 2022 2021
Land and improvements $ 32,964  $ 33,107 
Buildings and improvements 211,495  209,792 
Machinery, software and equipment 386,657  382,337 
Furniture and fixtures 104,190  99,946 
Leasehold improvements 162,210  155,872 
Construction in progress 17,609  12,694 
915,125  893,748 
Less accumulated depreciation (623,911) (602,660)
$ 291,214  $ 291,088 
   
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Gross $ 915,125 $ 893,748  
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment (623,911) (602,660)  
Property, Plant and Equipment, Net, Total 291,214 291,088  
Depreciation and amortization 54,752 55,922 $ 63,416
Land and Land Improvements [Member]      
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Gross 32,964 33,107  
Building and Building Improvements [Member]      
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Gross 211,495 209,792  
Machinery and Equipment [Member]      
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Gross 386,657 382,337  
Furniture and Fixtures [Member]      
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Gross 104,190 99,946  
Leasehold Improvements [Member]      
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Gross 162,210 155,872  
Construction in Progress [Member]      
Property, Plant and Equipment [Line Items]      
Property, Plant and Equipment, Gross $ 17,609 $ 12,694