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Note 7 - Property, Plant and Equipment
 12 Months Ended
Sep. 30, 2025
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, 2025 and 2024 (in thousands):

 

  

September 30,

 
  

2025

  

2024

 

Buildings, land, and land use right

 $33,990  $32,907 

Computer equipment and software

  50,783   40,655 

Machinery and equipment

  143,224   123,812 

Furniture and fixtures

  5,371   4,989 

Leasehold improvements

  61,242   59,951 

Capital projects in process

  22,388   29,554 

Right-of-use asset

  —   4,570 

Vehicles

  2,965   1,308 

Property, plant and equipment, gross

  319,963   297,746 

Less: accumulated depreciation and amortization

  (166,009)  (142,124)

Property, plant and equipment, net

 $153,954  $155,622 

 

Depreciation expense, which includes amortization expense on finance leases, was $32.0 million, $29.7 million and $29.3 million, respectively, for the fiscal years ended September 30, 2025, 2024, and 2023. The Company recorded $5.5 million of additions to property, plant and equipment for which cash payments had not yet been made as of September 30, 2025.

 

As of September 30, 2025 and 2024, the Company had cumulative capitalized direct costs of $38.5 million and $32.8 million, respectively, associated with the development of software for its internal use. As of September 30, 2025, this balance included $1.1 million associated with software still in the development stage included within “Property, plant and equipment, net” in the Consolidated Balance Sheets. During fiscal year 2025, the Company capitalized direct costs of $5.7 million associated with the development of software for its internal use.