Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

v3.19.2
Property, Plant and Equipment
 12 Months Ended
Mar. 31, 2019
Property, Plant and Equipment  
Property, Plant, Equipment and Rental Assets

4. Property, Plant and Equipment

Property, plant and equipment as of March 31, 2019 and 2018 consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

March 31,

 

March 31,

 

 

    

2019

    

2018

 

Machinery, equipment, automobiles and furniture

 

$

15,344

 

$

15,302

 

Leasehold improvements

 

 

11,074

 

 

10,949

 

Molds and tooling

 

 

2,893

 

 

2,904

 

Rental assets

 

 

2,818

 

 

179

 

 

 

 

32,129

 

 

29,334

 

Less, accumulated depreciation

 

 

(26,838)

 

 

(26,475)

 

Total property, plant, equipment and rental assets, net

 

$

5,291

 

$

2,859

 

 

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 $1.0 million and $0.9 million for the fiscal years ended March 31, 2019 and 2018, respectively.