YETI Holdings Inc
For the period ended Dec 28, 2024. Filed Feb 24, 2025.
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FY2024 · Filed Feb 24, 2025
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5. Property and Equipment
- PROPERTY AND EQUIPMENT
Property and equipment consisted of the following at the dates indicated (in thousands):
| December 28,2024 | December 30,2023 | |
|---|---|---|
| Production molds, tooling, and equipment | $125,444 | $112,478 |
| Furniture, fixtures, and equipment | 22,303 | 16,605 |
| Computers and software | 111,814 | 100,803 |
| Leasehold improvements | 63,441 | 55,556 |
| Finance leases | 12,722 | 11,361 |
| Property and equipment, gross | 335,724 | 296,803 |
| Accumulated depreciation | (209,454) | (166,089) |
| Property and equipment, net | $126,270 | $130,714 |
Depreciation expense was $42.8 million, $41.2 million, and $32.8 million for 2024, 2023, and 2022, respectively.
Geographic Information
Property and equipment, net by geographical region was as follows as of the dates indicated (in thousands):
| December 28,2024 | December 30,2023 | |
|---|---|---|
| United States | $82,780 | $84,564 |
| International | 43,490 | 46,150 |
| Property and equipment, net | $126,270 | $130,714 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.