Property, Plant, and Equipment

9 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

3. Property, Plant, and Equipment

Property, plant, and equipment are stated at cost. Depreciation is calculated primarily on a straight-line basis, generally over the following estimated useful lives: land improvements – 3 to 10 years; buildings and improvements – 8 to 25 years; and vehicles and machinery and equipment – 3 to 8 years. Depreciation expense for the three months ended December 31, 2022 and January 1, 2022 was $3.8 million and $3.3 million, respectively. Depreciation expense for the nine months ended December 31, 2022 and January 1, 2022 was $11.7 million and $9.9 million, respectively.

The components of property, plant, and equipment were as follows:


(Dollars in thousands)	December 31, 2022			April 2, 2022
Land and improvements	$	41,526		$	39,815
Buildings and improvements		115,464			104,085
Machinery and equipment		81,147			69,518
Construction in progress		28,704			10,280
Property, plant, and equipment, at cost		266,841			223,698
Less: accumulated depreciation		(100,984	)		(90,713	)
Property, plant, and equipment, net	$	165,857		$	132,985