Property, Plant and Equipment

12 Months Ended

Mar. 31, 2015

Property Plant And Equipment [Abstract]

6. Property, Plant and Equipment

The cost and accumulated depreciation of property and equipment at March 31, 2015 and 2014 are as follows (in thousands):

	March 31,			March 31,
	2015			2014
Land	$	3,643		$	3,643
Construction in progress - equipment		130			117
Buildings		34,549			34,341
Equipment and software		81,855			83,861
Furniture and fixtures		1,156			1,353
Leasehold improvements		4,132			5,211
Property, plant and equipment, gross		125,465			128,526
Less accumulated depreciation		(69,368	)		(63,952	)
Property, plant and equipment, net	$	56,097		$	64,574

Depreciation expense was $9.0 million, $9.9 million, and $12.1 million, for the years ended March 31, 2015, 2014, and 2013, 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 used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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