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v3.25.1

Property and Equipment, net | 3 Months Ended
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Mar. 29, 2025
Property, Plant and Equipment [Abstract] |
Property and Equipment, net | 8. Property and Equipment, net Property and equipment, net, consists of the following:
(in millions) | March 29, 2025 |  | December 28, 2024 |
Operating lease assets | $ | 155.4 |  |  | $ | 148.6 |  |
Machinery, equipment, tooling and other | 148.7 |  |  | 147.1 |  |
Building and building improvements | 143.5 |  |  | 143.5 |  |
Land | 47.7 |  |  | 47.7 |  |
Computer equipment and software | 38.3 |  |  | 38.7 |  |
Leasehold improvements | 32.1 |  |  | 31.2 |  |
Furniture and office equipment | 15.9 |  |  | 15.8 |  |
Demonstration units | 0.5 |  |  | 0.5 |  |
Construction-in-progress (CIP) | 27.8 |  |  | 29.0 |  |
Total property and equipment | 609.9 |  |  | 602.1 |  |
Accumulated depreciation | (277.8) |  |  | (265.1) |  |
Property and equipment, net | $ | 332.1 |  |  | $ | 337.0 |  |
In October 2024, the Company grounded the corporate aircraft and started exploring disposition strategies. In December 2024, the Company entered into a letter of intent to sell the aircraft, and classified the asset as held for sale within the healthcare segment as of December 28, 2024. During the three months ended March 29, 2025, the Company completed the sale of the corporate aircraft for $19.5 million. For the three months ended March 29, 2025 and March 30, 2024, depreciation expense of property and equipment was $6.5 million and $7.4 million, respectively. For the three months ended March 29, 2025 and March 30, 2024, $6.7 million and $6.4 million of equipment leased to customers was amortized to cost of goods sold, respectively. As of each March 29, 2025 and December 28, 2024, accumulated amortization of equipment leased to customers was $0.3 million. The balance in CIP at March 29, 2025 and December 28, 2024 related primarily to the capitalized implementation costs related to a new enterprise resource planning software system, costs related to facility improvements and the underlying assets for which have not been completed or placed into service.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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