Property, Plant, and Equipment

12 Months Ended

Mar. 31, 2025

Property, Plant and Equipment, Net [Abstract]

Property, Plant, and Equipment

Property, Plant, and Equipment

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

	March 31,
	2025		2024
Land and land improvements	$	4,396	$	5,460
Buildings	68,345		66,683
Machinery, equipment, and leasehold improvements	277,396		253,643
Construction in progress	9,025		23,426
	359,162		349,212
Less accumulated depreciation	252,998		242,817
Net property, plant, and equipment	$	106,164	$	106,395

Depreciation expense was $18,241,000, $16,549,000, and $15,946,000 for the years ended March 31, 2025, 2024, and 2023, respectively.

Gross property, plant, and equipment includes capitalized software costs of $42,927,000 at March 31, 2025, and $40,881,000 at March 31, 2024. Accumulated depreciation includes accumulated amortization on capitalized software costs of $30,740,000 and $28,443,000 at March 31, 2025, and 2024, respectively. Amortization expense on capitalized software costs was $1,935,000, $1,510,000 and $2,132,000 during the years ended March 31, 2025, 2024, and 2023, respectively.