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Note 11 - Property, Plant and Equipment
 6 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

11. Property, Plant and Equipment

 

The cost and accumulated depreciation of property, plant and equipment at  September 30, 2024 and  March 31, 2024 are as follows (in thousands):

 

  

September 30, 2024

  

March 31, 2024

 

Land

 $22,650  $980 

Construction in progress – equipment

  851   226 

Buildings

  7,445   5,416 

Equipment and software

  47,766   44,095 

Furniture and fixtures

  1,635   1,526 

Leasehold improvements

  7,813   6,990 

Property, plant and equipment, gross

  88,160   59,233 

Less accumulated depreciation

  (49,395)  (48,372)

Property, plant and equipment, net

 $38,765  $10,861 

 

Depreciation expense was $0.8 million and $0.6 million for the three months ended September 30, 2024 and 2023, respectively. Depreciation expense was $1.4 million and $1.2 million for the six months ended September 30, 2024 and 2023, respectively. The increase in land relates to the property added as part of the Megatran Acquisition.