Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.8.0.1
Property, Plant and Equipment
 9 Months Ended
Dec. 31, 2017
Property, Plant and Equipment  
Property, Plant and Equipment

6.  Property, Plant and Equipment

 

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

 

 

 

 

 

 

 

 

 

 

December 31,

 

March 31,

 

 

    

2017

    

2017

 

Machinery, rental equipment, equipment, automobiles and furniture

 

$

15,891

 

$

17,657

 

Leasehold improvements

 

 

10,836

 

 

9,870

 

Molds and tooling

 

 

2,929

 

 

2,866

 

 

 

 

29,656

 

 

30,393

 

Less, accumulated depreciation

 

 

(26,670)

 

 

(28,278)

 

Total property, plant and equipment, net

 

$

2,986

 

$

2,115

 

 

 

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 and $0.6 million for the three and nine months ended December 31, 2017, respectively. The Company recorded depreciation expense of $0.3 million and $1.0 million for the three and nine months ended December 31, 2016, respectively.