Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

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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.