DETAILS OF CERTAIN CONSOLIDATED BALANCE SHEET CAPTIONS |
DETAILS OF CERTAIN CONSOLIDATED BALANCE SHEET CAPTIONS Accounts receivable, net consists of the following (in thousands): | | | | | | | | | | | | | | | | | March 31, | | | 2024 | | 2023 | Accounts receivable trade | | $ | 138,475 | | | $ | 121,164 | | Other receivables | | 5,098 | | | 2,954 | | | | 143,573 | | | 124,118 | | Less: Allowance for credit losses | | (908) | | | (1,365) | | Accounts receivable, net | | $ | 142,665 | | | $ | 122,753 | |
Prepaid expenses and other current assets consists of the following (in thousands): | | | | | | | | | | | | | | | | | March 31, | | | 2024 | | 2023 | Prepaid expenses | | $ | 10,947 | | | $ | 9,485 | | Short-term tax indemnification assets | | 810 | | | 7,500 | | Income taxes receivable | | 1,955 | | | 1,344 | | Current derivative asset | | 1,186 | | | 877 | | Other current assets | | 942 | | | 1,073 | | | | $ | 15,840 | | | $ | 20,279 | |
Property, plant and equipment, net, consist of the following (in thousands): | | | | | | | | | | | | | | | | | March 31, | | | 2024 | | 2023 | Land and improvements | | $ | 3,162 | | | $ | 3,226 | | Buildings and improvements | | 54,411 | | | 52,975 | | Plant, office and laboratory equipment | | 127,344 | | | 112,271 | | Construction in progress | | 11,409 | | | 12,466 | | | | 196,326 | | | 180,938 | | Less: Accumulated depreciation | | (103,515) | | | (92,703) | | Property, plant and equipment, net | | $ | 92,811 | | | $ | 88,235 | |
Depreciation of property, plant and equipment was $13.9 million, $12.9 million and $11.6 million for the years ended March 31, 2024, 2023 and 2022, respectively. Of these amounts, cost of revenues includes $9.1 million, $8.4 million and $8.3 million, respectively.
Other assets consist of the following (in thousands): | | | | | | | | | | | | | | | | | March 31, | | | 2024 | | 2023 | Right-of-use lease assets | | $ | 44,491 | | | $ | 59,815 | | Long-term tax indemnification assets | | 1,621 | | | 2,849 | | Deferred financing fees | | 1,595 | | | 2,363 | | Rent receivable | | 1,998 | | | 2,028 | | Property held for investment | | 418 | | | 418 | | Deferred income taxes | | 359 | | | 462 | | | | | | | Other | | 2,613 | | | 2,584 | | Other assets | | $ | 53,095 | | | $ | 70,519 | |
Accrued and other current liabilities consist of the following (in thousands): | | | | | | | | | | | | | | | | | March 31, | | | 2024 | | 2023 | Compensation and related benefits | | $ | 29,175 | | | $ | 27,096 | | Rebates and marketing agreements | | 15,910 | | | 16,158 | | Income tax payable | | 2,166 | | | 403 | | Operating lease liabilities | | 9,443 | | | 9,784 | | Acquisition deferred payments | | 167 | | | 3,427 | | Non-income taxes liabilities | | 1,381 | | | 1,802 | | Billings in excess of costs | | 548 | | | 637 | | Other accrued expenses | | 8,659 | | | 8,081 | | Accrued and other current liabilities | | $ | 67,449 | | | $ | 67,388 | |
Other long-term liabilities consists of the following (in thousands): | | | | | | | | | | | | | | | | | March 31, | | | 2024 | | 2023 | Deferred income taxes | | $ | 59,967 | | | $ | 62,144 | | Operating lease liabilities | | 39,922 | | | 55,590 | | Tax Reserve | | 16,954 | | | 16,509 | | Derivative liability | | — | | | 1,021 | | Acquisition deferred payments | | 8,455 | | | 1,853 | | | | | | | Other long-term liabilities | | $ | 125,298 | | | $ | 137,117 | |
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