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DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Composition of Inventories
The composition of inventories is as follows:
December 31, 2022December 25, 2021
(in thousands)
Raw materials and supplies$38,892 $33,118 
Work in process48,367 40,268 
Finished products168,550 125,760 
Inventories$255,809 $199,146 
Composition of Property, Plant and Equipment, Net
The composition of property, plant and equipment, net is as follows:
December 31, 2022December 25, 2021
(in thousands)
Land$58,192 $59,486 
Buildings (1)
963,717 987,544 
Machinery and equipment (1)
850,353 760,353 
Leasehold improvements294,275 141,525 
Furniture and fixtures27,317 22,520 
Computer hardware and software (1)
227,797 210,582 
Vehicles (1)
5,421 6,897 
Construction in progress199,713 205,141 
Total2,626,785 2,394,048 
Less: Accumulated depreciation(1,161,130)(1,102,980)
Property, plant and equipment, net$1,465,655 $1,291,068 
(1) These balances include assets under finance leases. See Note 14, “Leases.”
Schedule of Property, Plant, and Equipment Estimated Useful Lives
The Company generally depreciates the cost of its property, plant and equipment using the straight-line method over the estimated useful lives of the respective assets as follow:
Estimated
Useful Lives
(in years)
LandIndefinite
Buildings and building improvements
10 - 40
Machinery and equipment
3 - 20
Furniture and fixtures
5 - 10
Computer hardware and software
3 - 8
Vehicles
3 - 5