Property, Plant And Equipment

12 Months Ended

Mar. 31, 2013

Property, Plant And Equipment [Abstract]

6. Property, Plant and Equipment

The cost and accumulated depreciation of property and equipment at March 31, 2013 and 2012 are as follows (in thousands):


		March 31,
		2013		2012
Land	$	3,643	$	4,022
Construction in progress - equipment		14,505		25,331
Buildings		34,398		36,808
Equipment and software		71,116		62,785
Furniture and fixtures		1,626		1,788
Leasehold improvements		5,556		6,125
Property, plant and equipment, gross		130,844		136,859
Less accumulated depreciation		(56,218)		(46,031)
Property, plant and equipment, net	$	74,626	$	90,828

Depreciation expense was $12.1 million, $12.9 million, and $8.4 million, for the years ended March 31, 2013, 2012, and 2011, respectively. (See Note 16, “Restructuring and Impairments,” for additional information regarding the effect the Company’s restructuring plan had on property, plant and equipment.)

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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