Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v3.20.1
Property, Plant and Equipment
 12 Months Ended
Mar. 31, 2020
Property, Plant and Equipment  
Property, Plant and Equipment

4. Property, Plant and Equipment

Property, plant and equipment as of March 31, 2020 and 2019 consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

March 31,

 

March 31,

 

 

    

2020

    

2019

 

Machinery, equipment, automobiles and furniture

 

$

15,115

 

$

15,344

 

Leasehold improvements

 

 

7,857

 

 

11,074

 

Molds and tooling

 

 

3,101

 

 

2,893

 

Rental assets

 

 

5,986

 

 

2,818

 

 

 

 

32,059

 

 

32,129

 

Less, accumulated depreciation

 

 

(24,310)

 

 

(26,838)

 

Total property, plant, equipment and rental assets, net

 

$

7,749

 

$

5,291

 

 

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 $1.3 million and $1.0 million for the fiscal years ended March 31, 2020 and 2019, respectively.