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Property, Plant and Equipment - Net
6 Months Ended
Mar. 31, 2023
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment - Net

5. PROPERTY, PLANT AND EQUIPMENT—NET

Property, plant and equipment – net consisted of the following (in thousands):

 

 

 

March 31,
2023

 

 

September 30,
2022

 

Land

 

$

4,829

 

 

$

3,350

 

Buildings and improvements

 

 

124,404

 

 

 

110,300

 

Manufacturing equipment

 

 

600,144

 

 

 

540,536

 

Computer equipment

 

 

30,016

 

 

 

28,198

 

Furniture and fixtures

 

 

7,016

 

 

 

6,867

 

Vehicles

 

 

1,063

 

 

 

941

 

Total property and equipment

 

 

767,472

 

 

 

690,192

 

Construction in progress

 

 

91,536

 

 

 

140,566

 

 

 

859,008

 

 

 

830,758

 

Accumulated depreciation

 

 

(351,810

)

 

 

(312,845

)

Total property and equipment – net

 

$

507,198

 

 

$

517,913

 

 

Depreciation expense was approximately $18.7 million and $15.7 million in the three months ended March 31, 2023 and 2022, respectively, and $39.5 million and $30.2 million in the six months ended March 31, 2023 and 2022, respectively. During the three months ended March 31, 2023 and 2022, $1.6 million and $1.2 million of interest was capitalized, respectively, and during the six months ended March 31, 2023 and 2022, $2.9 million and $2.3 million of interest was capitalized, respectively.