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Note 7 - Property, Plant and Equipment
 12 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

7.    Property, Plant and Equipment

 

Property, plant and equipment were as follows as of September 30, 2024 and 2023 (in thousands):

 

  

September 30,

 
  

2024

  

2023

 

Buildings, land, and land use right

 $47,330  $41,870 

Computer equipment and software

  45,353   38,623 

Machinery and equipment

  161,659   139,858 

Furniture and fixtures

  8,681   7,426 

Leasehold improvements

  59,834   52,670 

Capital projects in process

  27,122   33,915 

Right-of-use asset

  5,557   4,718 

Vehicles

  1,359   1,540 

Property, plant and equipment, gross

  356,895   320,620 

Less: accumulated depreciation and amortization

  (154,241)  (114,876)

Property, plant and equipment, net

 $202,654  $205,744 

 

Depreciation expense, which includes amortization expense on finance leases, was $37.5 million, $37.2 million and $21.9 million, respectively, for the fiscal years ended September 30, 2024, 2023, and 2022. The Company recorded $1.0 million of additions to property, plant and equipment for which cash payments had not yet been made as of September 30, 2024.

 

As of September 30, 2024 and 2023, the Company had cumulative capitalized direct costs of $32.8 million and $30.5 million, respectively, associated with the development of software for its internal use. As of September 30, 2024, this balance included $5.1 million associated with software still in the development stage included within "Property, plant and equipment, net" in the accompanying Consolidated Balance Sheets. During fiscal year 2024, the Company capitalized direct costs of $2.4 million associated with the development of software for its internal use.