PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 30, 2023

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

The following table presents components of "property, plant and equipment, net" recorded in the Company's balance sheets:

(In thousands)	December 2023		December 2022
Land and improvements	$	10,795	$	10,770
Buildings and improvements	184,173		177,275
Machinery and equipment	335,574		329,415
Property, plant and equipment, at cost	530,542		517,460
Less: accumulated depreciation and amortization	(418,497)		(412,995)
Property, plant and equipment, net	$	112,045	$	104,465

Depreciation expense was $20.2 million, $21.4 million and $22.4 million in 2023, 2022 and 2021, respectively.

Refer to Note 14 to the Company's financial statements for information on the related fair value considerations.