Property, Plant & Equipment

12 Months Ended

Sep. 24, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant, and Equipment    

PP&E are recorded at cost, with depreciation expense included in cost of licensing, cost of products and services, R&D, S&M, and G&A expenses in our consolidated statements of operations. Depreciation expense was $66.4 million, $61.4 million, and $55.5 million in fiscal 2021, 2020, and 2019, respectively.

As of September 24, 2021 and September 25, 2020, PP&E consisted of the following (in thousands):

Property, Plant, and Equipment	September 24, 2021		September 25, 2020
Land	$	42,041	$	41,955
Buildings and building improvements	284,146		283,617
Leasehold improvements	88,549		83,764
Machinery and equipment	128,008		126,942
Computer equipment and software	258,981		230,800
Furniture and fixtures	33,565		31,845
Equipment provided under operating leases	214,109		199,561
Construction-in-progress	22,923		19,545
Property, plant, and equipment, gross	1,072,322		1,018,029
Less: accumulated depreciation	(537,941)		(476,066)
Property, plant, and equipment, net	$	534,381	$	541,963