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Property and Equipment and Other Noncurrent Assets

6 Months Ended

Jun. 28, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment and Other Noncurrent Assets


Note 3 – Property and Equipment and Other Noncurrent Assets

Property and equipment consist of the following:


	June 28, 2024		December 29, 2023
Machinery	$	118,076	$	113,529
Leasehold improvements	47,647		46,129
Computer software, hardware, and equipment	9,085		10,316
Office furniture, fixtures, and equipment	1,315		1,320
Vehicles	395		396
Construction-in-process	3,941		4,216
	180,459		175,906
Less accumulated depreciation	(91,317)		(83,151)
Total property and equipment, net	$	89,142	$	92,755

Depreciation expense was $5.3 million and $4.4 million for the second quarter of 2024 and 2023, respectively. Depreciation expense was $10.4 million and $8.7 million for the six months ended June 28, 2024 and June 30, 2023, respectively.

Cloud Computing Implementation Costs

We capitalize implementation costs associated with hosting arrangements that are service contracts. These costs are recorded to prepaid expenses or other noncurrent assets. To date, these costs have been those incurred to implement a new company-wide enterprise resource planning system. The balance of capitalized cloud computing implementation costs, net of accumulated amortization, was $7.6 million and $8.1 million as of June 28, 2024 and December 29, 2023, respectively, and is included in other noncurrent assets on our consolidated balance sheets. The related amortization expense, which is included in selling, general, and administrative expense on our consolidated statements of operations, was $0.3 million and $0.2 million for the second quarter of 2024 and 2023, respectively, and $0.5 million and $0.5 million for the six months ended June 28, 2024 and June 30, 2023, respectively.