Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.10.0.1
Property, Plant and Equipment
 3 Months Ended
Jun. 30, 2018
Property, Plant and Equipment  
Property, Plant and Equipment

6.  Property, Plant and Equipment

 

Property, plant and equipment consisted of the following as of June 30, 2018 and March 31, 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

June 30,

 

March 31,

 

 

    

2018

    

2018

 

Machinery, rental equipment, equipment, automobiles and furniture

 

$

15,115

 

$

15,481

 

Leasehold improvements

 

 

11,017

 

 

10,949

 

Molds and tooling

 

 

2,834

 

 

2,904

 

 

 

 

28,966

 

 

29,334

 

Less, accumulated depreciation

 

 

(26,178)

 

 

(26,475)

 

Total property, plant and equipment, net

 

$

2,788

 

$

2,859

 

 

 

The Company regularly reassesses the useful lives of property and equipment and retires assets no longer in service. Depreciation expense for property and equipment was $0.2 million for each of the first quarters of Fiscal 2019 and 2018.