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Property and Equipment, net | 6 Months Ended
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Jun. 28, 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) | June 28, 2025 |  | December 28, 2024 |
Operating lease assets | $ | 170.0 |  |  | $ | 148.6 |  |
Machinery, equipment, tooling and other | 150.0 |  |  | 147.1 |  |
Building and building improvements | 143.5 |  |  | 143.5 |  |
Land | 47.7 |  |  | 47.7 |  |
Computer equipment and software | 38.4 |  |  | 38.7 |  |
Leasehold improvements | 33.3 |  |  | 31.2 |  |
Furniture and office equipment | 16.2 |  |  | 15.8 |  |
Demonstration units | 0.5 |  |  | 0.5 |  |
Construction-in-progress (CIP) | 28.0 |  |  | 29.0 |  |
Total property and equipment | 627.6 |  |  | 602.1 |  |
Accumulated depreciation | (290.0) |  |  | (265.1) |  |
Property and equipment, net | $ | 337.6 |  |  | $ | 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 first quarter 2025, the Company completed the sale of the corporate aircraft for $19.5 million. For the three months ended June 28, 2025 and June 29, 2024, depreciation expense of property and equipment was $6.4 million and $7.9 million, respectively. For the six months ended June 28, 2025 and June 29, 2024, depreciation expense of property and equipment was $12.9 million and $15.3 million, respectively. For the three months ended June 28, 2025 and June 29, 2024, equipment leased to customers which was amortized to cost of goods sold was $6.2 million and $6.3 million, respectively. For the six months ended June 28, 2025 and June 29, 2024, equipment leased to customers which was amortized to cost of goods sold was $12.8 million and $12.7 million, respectively. As of June 28, 2025 and December 28, 2024, accumulated amortization of equipment leased to customers was $59.0 million and $46.2 million, respectively. The balance in CIP at June 28, 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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