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Property and Equipment, net
12 Months Ended
Jan. 03, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
8. Property and Equipment, net
Property and equipment, net, consists of the following:
(in millions)January 3,
2026
December 28,
2024
Operating lease assets$204.1 $148.6 
Building and building improvements151.8 143.5 
Machinery, equipment, tooling and others150.6 147.1 
Land47.7 47.7 
Computer equipment and software41.3 38.7 
Leasehold improvements34.3 31.2 
Construction-in-progress (CIP)24.5 29.0 
Furniture and office equipment16.5 15.8 
Demonstration units0.5 0.5 
Total property and equipment(1)
671.3 602.1 
Accumulated depreciation(316.2)(265.1)
Property and equipment, net
$355.1 $337.0 
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(1)    In October 2024, the Company grounded the corporate aircraft and started exploring disposition strategies. In December 2024, the Company entered into an letter of intent to sell the aircraft, and classified the asset as held for sale within the healthcare segment as of December 28, 2024. On January 29, 2025, the Company completed the sale of the corporate aircraft for $19.5 million.
For the years ended January 3, 2026, December 28, 2024 and December 30, 2023, depreciation expense of property and equipment was $25.5 million, $30.1 million and $28.6 million, respectively.
For the years ended January 3, 2026, December 28, 2024 and December 30, 2023, depreciation expense of operating lease assets was $28.1 million, $24.0 million and $19.6 million, respectively.
For the years ended January 3, 2026 and December 28, 2024, and December 30, 2023, equipment leased to customers was amortized to cost of goods sold was $27.9 million, $23.0 million and $18.5 million, respectively.
As of January 3, 2026 and December 28, 2024, accumulated amortization of equipment leased to customers was $74.1 million and $46.2 million, respectively.
The balance in CIP at January 3, 2026 and December 28, 2024, related primarily to the capitalized implementation costs related to a new enterprise resource planning software system costs, machinery, equipment, and the underlying assets for which have not been completed or placed into service.