Property, Plant and Equipment

12 Months Ended

Jul. 31, 2016

Property, Plant and Equipment [Abstract]

Property, plant and equipment consist of the following at July 31, 2016 and 2015:



	2016		2015
Machinery and equipment	$	137,595,000	108,726,000
Leasehold improvements	13,784,000		12,013,000
	151,379,000		120,739,000
Less accumulated depreciation and amortization	112,712,000		105,369,000
Property, plant and equipment, net	$	38,667,000	15,370,000

As discussed in Note (2) - "Acquisition," we acquired $26,720,000 of property, plant and equipment in connection with our acquisition of TCS, which was completed on February 23, 2016. Depreciation and amortization expense on property, plant and equipment amounted to $9,830,000, $6,525,000 and $6,721,000 for the fiscal years ended July 31, 2016, 2015 and 2014, respectively.