Kontoor Brands Inc
For the period ended Dec 30, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
KTB$82.79+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Property, Plant and Equipment
NOTE 6 —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.
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