Property and Equipment, Net

9 Months Ended

Oct. 01, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

NOTE 5 – PROPERTY AND EQUIPMENT, NET

The Company depreciates its assets on a straight-line basis over the assets’ useful lives, which range from 3 to 10 years. Property and equipment consist of the following:

	October 1,			December 31,			Average
	2021			2020			life
Furniture and fixtures	$	3,891		$	3,492			3-5 years
Equipment and vehicles		38,903			32,797			3-10 years
Computers		20,287			19,649			3 years
Leasehold improvements		5,757			5,548			3-5 years
Construction in progress		453			130
Less: Accumulated depreciation and amortization		(56,232	)		(47,482	)
	$	13,059		$	14,134

Property and equipment under capital leases:

	October 1,			December 31,
	2021			2020
Computer equipment	$	1,583		$	1,578
Less accumulated depreciation		(1,334	)		(1,021	)
	$	249		$	557

Capital leases for computer equipment have an average lease term of five years with minimum lease payments as follows:

2021 (three months remaining)	$	91
2022		365
2023		281
2024		99
2025		19
Thereafter		-
	$	855

Depreciation expense was approximately $1.2 and $1.3 million for the three months ended October 1, 2021 and September 30, 2020, respectively and $4.1 and $4.2 million for the nine months ended October 1, 2021 and September 30, 2020, respectively.