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Property and Equipment, net | 9 Months Ended
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Sep. 27, 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) | September 27, 2025 |  | December 28, 2024 |
Operating lease assets | $ | 187.6 |  |  | $ | 148.6 |  |
Machinery, equipment, tooling and other | 147.3 |  |  | 147.1 |  |
Building and building improvements | 143.5 |  |  | 143.5 |  |
Land | 47.7 |  |  | 47.7 |  |
Computer equipment and software | 41.7 |  |  | 38.7 |  |
Leasehold improvements | 32.2 |  |  | 31.2 |  |
Furniture and office equipment | 16.2 |  |  | 15.8 |  |
Demonstration units | 0.5 |  |  | 0.5 |  |
Construction-in-progress (CIP) | 30.7 |  |  | 29.0 |  |
Total property and equipment | 647.4 |  |  | 602.1 |  |
Accumulated depreciation | (302.1) |  |  | (265.1) |  |
Property and equipment, net | $ | 345.3 |  |  | $ | 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 September 27, 2025 and September 28, 2024, depreciation expense of property and equipment was $6.2 million and $7.6 million, respectively. For the nine months ended September 27, 2025 and September 28, 2024, depreciation expense of property and equipment was $19.1 million and $23.0 million, respectively. For the three months ended September 27, 2025 and September 28, 2024, equipment leased to customers which was amortized to cost of goods sold was $7.2 million and $5.5 million, respectively. For the nine months ended September 27, 2025 and September 28, 2024, equipment leased to customers which was amortized to cost of goods sold was $20.0 million and $17.8 million, respectively. As of September 27, 2025 and December 28, 2024, accumulated amortization of equipment leased to customers was $66.2 million and $46.2 million, respectively. The balance in CIP at September 27, 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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