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Property plant and equipment, net
12 Months Ended
Jul. 03, 2021
Property plant and equipment, net  
Property, plant and equipment, net

6. Property, plant and equipment, net

Property, plant and equipment are recorded at cost, less accumulated depreciation, and consist of the following:

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July 3, 2021

    

June 27, 2020

 

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(Thousands)

 

Buildings

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$

121,662

​

$

124,007

​

Machinery, fixtures and equipment

​

 

260,342

​

 

242,347

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Information technology hardware and software

​

 

835,374

​

 

809,182

​

Leasehold improvements

​

 

123,808

​

 

117,036

​

Depreciable property, plant and equipment, gross

​

 

1,341,186

​

 

1,292,572

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Accumulated depreciation

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(999,885)

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(938,002)

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Depreciable property, plant and equipment, net

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341,301

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354,570

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Land

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22,778

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23,618

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Construction in progress

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4,373

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26,419

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Property, plant and equipment, net

​

$

368,452

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$

404,607

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Depreciation expense, including accelerated depreciation related to property, plant, and equipment, was $90.9 million, $101.1 million and $97.2 million in fiscal 2021, 2020, and 2019, respectively. Interest expense capitalized during fiscal 2021, 2020, and 2019 was not material.