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Property, Plant and Equipment
 12 Months Ended
Dec. 28, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

F. Property, Plant, and Equipment

 

Property, plant, and equipment consisted of the following as of:

 

 

 

December 28,
2024

 

 

December 30,
2023

 

 

 

(in thousands)

 

Machinery and plant equipment

 

$

830,964

 

 

$

777,185

 

Building and building improvements

 

 

256,829

 

 

 

247,384

 

Leasehold improvements

 

 

71,846

 

 

 

74,603

 

Kegs

 

 

58,384

 

 

 

58,492

 

Office equipment and furniture

 

 

44,409

 

 

 

40,723

 

Land

 

 

25,980

 

 

 

25,752

 

Assets under construction

 

 

46,637

 

 

 

66,700

 

Property, plant, and equipment, gross

 

 

1,335,049

 

 

 

1,290,839

 

Less accumulated depreciation

 

 

(718,807

)

 

 

(648,330

)

Property, plant, and equipment, net

 

$

616,242

 

 

$

642,509

 

 

The Company recorded depreciation expense related to these assets of $93.2 million, $87.9 million, and $81.1 million, in fiscal years 2024, 2023, and 2022, respectively.

 

Impairment of Assets

 

The Company evaluates its assets for impairment when events indicate that an asset or asset group may have suffered impairment. During fiscal years 2024, 2023, and 2022, the Company recorded impairment charges on brewery equipment and other brewery related assets classified as property, plant, and equipment of $7.2 million, $5.0 million, and $2.6 million, respectively.