Plant and Equipment

12 Months Ended

Mar. 31, 2014

8. Plant and Equipment

Plant and equipment, at cost, are as follows at March 31:

	2014			2013
Machinery and equipment	$	25,092,000		$	24,342,000
Office equipment and fixtures		7,552,000			6,761,000
Leasehold improvements		7,569,000			7,613,000
		40,213,000			38,716,000
Less accumulated depreciation		(29,188,000	)		(28,680,000	)

Total	$	11,025,000		$	10,036,000

Plant and equipment located in the foreign countries where the Company has facilities, net of accumulated depreciation, totaled $4,703,000 and $5,197,000 at March 31, 2014 and 2013, respectively. These assets constitute substantially all the long-lived production assets of the Company located outside of the United States.

As of May 31, 2013, $4,018,000 of plant and equipment at the discontinued subsidiary was deconsolidated from the consolidated financial statements of the Company (see Note 3).

- 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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