Leslie's, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 8—Property and Equipment

Property and equipment consist of the following (in thousands):


	September 30, 2023			October 1, 2022
Land	$	5,401		$	5,813
Buildings and improvements		10,063			10,135
Vehicles, machinery and equipment		42,663			42,394
Leasehold improvements		200,968			187,876
Office furniture, computers and software		178,733			168,988
Construction in process		12,389			5,741
	$	450,217		$	420,947
Less: accumulated depreciation and amortization		(359,932	)		(342,860	)
Total	$	90,285		$	78,087

Depreciation and amortization expense on property and equipment was $29.8 million, $27.8 million, and $26.6 million in fiscal 2023, 2022, and 2021, respectively. Construction in process primarily consisted of leasehold improvements related to new or remodeled locations where construction had not been completed by the end of the period and internal use software as of September 30, 2023 and October 1, 2022, respectively.

Capitalized software additions placed into service were $5.2 million, $6.5 million, and $2.8 million in fiscal 2023, 2022, and 2021, respectively. Capitalized software accumulated amortization totaled approximately $22.0 million and $20.9 million as of September 30, 2023 and October 1, 2022, respectively. Capitalized software and development costs remaining to be amortized were approximately $11.6 million and $7.6 million as of September 30, 2023 and October 1, 2022, respectively.