Property, Plant, and Equipment

3 Months Ended

Jun. 29, 2024

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 June 29, 2024 and July 1, 2023 was $7.7 million and $4.6 million, respectively.

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


(Dollars in thousands)	June 29, 2024			March 30, 2024
Land and improvements	$	72,447		$	72,188
Buildings and improvements		185,534			183,109
Machinery and equipment		149,609			142,870
Construction in progress		21,397			20,469
Property, plant, and equipment, at cost		428,987			418,636
Less: accumulated depreciation		(135,597	)		(127,706	)
Property, plant, and equipment, net	$	293,390		$	290,930