Property, Plant, and Equipment

9 Months Ended

Dec. 30, 2023

Property, Plant and Equipment [Abstract]

4. 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 30, 2023 and December 31, 2022 was $6.9 million and $3.8 million, respectively. Depreciation expense for the nine months ended December 30, 2023 and December 31, 2022 was $16.2 million and $11.7 million, respectively.

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


(Dollars in thousands)	December 30, 2023			April 1, 2023
Land and improvements	$	71,919		$	41,749
Buildings and improvements		168,562			119,226
Machinery and equipment		126,315			91,007
Construction in progress		41,815			30,010
Property, plant, and equipment, at cost		408,611			281,992
Less: accumulated depreciation		(120,903	)		(104,867	)
Property, plant, and equipment, net	$	287,708		$	177,125