v3.26.1
Note 9 - Property, Plant and Equipment
12 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

9. Property, Plant and Equipment

 

The cost and accumulated depreciation of property, plant and equipment at  March 31, 2026 and 2025 are as follows (in thousands):

 

  

March 31, 2026

  

March 31, 2025

 

Land

 $37,770  $22,650 

Construction in progress - equipment

  1,482   1,371 

Buildings

  30,989   7,528 

Equipment and software

  60,030   47,774 

Furniture and fixtures

  1,940   1,672 

Leasehold improvements

  8,276   7,969 

Property, plant and equipment, gross

  140,487   88,964 

Less accumulated depreciation

  (50,712)  (50,392)

Property, plant and equipment, net

 $89,775  $38,572 

 

Depreciation expense was $4.4 million, $3.1 million, and $2.3 million for the fiscal years ended  March 31, 20262025, and 2024 respectively. The increase in land, building, and equipment and software relates to the property added as part of the Comtrafo Acquisition.