Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v3.8.0.1
Property, Plant and Equipment
 12 Months Ended
Mar. 31, 2018
Property, Plant and Equipment  
Property, Plant and Equipment

4. Property, Plant and Equipment

Property, plant and equipment as of March 31, 2018 and 2017 consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

March 31,

 

March 31,

 

 

    

2018

    

2017

 

Machinery, rental equipment, equipment, automobiles and furniture

 

$

15,481

 

$

17,657

 

Leasehold improvements

 

 

10,949

 

 

9,870

 

Molds and tooling

 

 

2,904

 

 

2,866

 

 

 

 

29,334

 

 

30,393

 

Less, accumulated depreciation

 

 

(26,475)

 

 

(28,278)

 

Total property, plant and equipment, net

 

$

2,859

 

$

2,115

 

 

The Company regularly reassesses the useful lives of property and equipment and retires assets no longer in service. Depreciation expense for property, plant and equipment was $0.9 million and $1.3 million for the fiscal years ended March 31, 2018 and 2017, respectively.