Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v3.21.1
Property, Plant and Equipment
12 Months Ended
Mar. 31, 2021
Property, Plant and Equipment  
Property, Plant and Equipment and Rental Assets

4. Property, Plant and Equipment

Property, plant, equipment and rental assets consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

March 31,

 

March 31,

 

 

    

2021

    

2020

 

Machinery, equipment, automobiles and furniture

 

$

15,523

 

$

15,115

 

Leasehold improvements

 

 

8,069

 

 

7,857

 

Molds and tooling

 

 

3,192

 

 

3,101

 

Rental assets

 

 

8,378

 

 

5,986

 

 

 

 

35,162

 

 

32,059

 

Less: accumulated depreciation

 

 

(25,532)

 

 

(24,310)

 

Total property, plant, equipment and rental assets, net

 

$

9,630

 

$

7,749

 

 

The Company regularly assesses the useful lives of property and equipment and retires assets no longer in service. Depreciation expense for property, plant, equipment and rental assets was $1.3 million for Fiscal 2021 and 2020.