Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment

v3.10.0.1
Property, Plant and Equipment
 6 Months Ended
Sep. 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 September 30, 2018 and March 31, 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

September 30,

 

March 31,

 

 

    

2018

    

2018

 

Machinery, rental equipment, equipment, automobiles and furniture

 

$

15,295

 

$

15,481

 

Leasehold improvements

 

 

11,053

 

 

10,949

 

Molds and tooling

 

 

2,834

 

 

2,904

 

 

 

 

29,182

 

 

29,334

 

Less, accumulated depreciation

 

 

(26,351)

 

 

(26,475)

 

Total property, plant and equipment, net

 

$

2,831

 

$

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 and $0.4 million for each of the three and six months ended September 30, 2018 and 2017, respectively.