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Note 9 - Property, Plant and Equipment
12 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

9. Property, Plant and Equipment

 

The cost and accumulated depreciation of property, plant and equipment at  March 31, 2025 and 2024 are as follows (in thousands):

 

  

March 31, 2025

  

March 31, 2024

 

Land

 $22,650  $980 

Construction in progress - equipment

  1,371   226 

Buildings

  7,528   5,416 

Equipment and software

  47,774   44,095 

Furniture and fixtures

  1,672   1,526 

Leasehold improvements

  7,969   6,990 

Property, plant and equipment, gross

  88,964   59,233 

Less accumulated depreciation

  (50,392)  (48,372)

Property, plant and equipment, net

 $38,572  $10,861 

 

Depreciation expense was $3.1 million and $2.3 million, for the fiscal years ended  March 31, 2025 and 2024, respectively. The increase in land relates to the property added as part of the NWL Acquisition.