Property, Plant, and Equipment

12 Months Ended

Mar. 31, 2026

Property, Plant and Equipment, Net [Abstract]

Consolidated property, plant, and equipment of the Company consisted of the following:


	March 31,
	2026		2025
Land and land improvements	$	26,537	$	4,396
Buildings	340,987		68,345
Machinery, equipment, and leasehold improvements	721,444		277,396
Construction in progress	6,585		9,025
	1,095,553		359,162
Less accumulated depreciation	687,046		252,998
Net property, plant, and equipment	$	408,507	$	106,164

The acquisition of Kito Crosby contributed $318,034,000 to the increase in net property, plant, and equipment since March 31, 2025.

Depreciation expense was $28,281,000, $18,241,000, and $16,549,000 for the years ended March 31, 2026, 2025, and 2024, respectively. The increase in depreciation expense in fiscal 2026 is the result of the Kito Crosby Acquisition and related property, plant, and equipment acquired.

Gross property, plant, and equipment includes capitalized software costs of $82,433,000 at March 31, 2026, and $42,927,000 at March 31, 2025. Accumulated depreciation includes accumulated amortization on capitalized software costs of $66,829,000 and $30,740,000 at March 31, 2026, and 2025, respectively. Amortization expense on capitalized software costs was $2,853,000, $1,935,000 and $1,510,000 during the years ended March 31, 2026, 2025, and 2024, respectively.