Property, Plant, and Equipment

12 Months Ended

Mar. 31, 2012

Property, Plant, and Equipment [Abstract]

PROPERTY, PLANT, AND EQUIPMENT

NOTE 4 — PROPERTY, PLANT, AND EQUIPMENT:

As of March 31, 2012 and 2011, property, plant, and equipment is comprised of the following:

	2012			2011
	(In thousands)
Computer equipment & software		234			343
Furniture and fixtures		267			357
Machinery and equipment		679			948
Leasehold improvements		8			—
Building		—			2,028
Land		—			641
		1,188			4,317
Less accumulated depreciation and amortization		(928	)		(1,396	)
	$	260		$	2,921

Depreciation of property, plant, and equipment amounted to approximately $276,000 and $441,000 for the twelve months ended March 31, 2012 and 2011, respectively. During fiscal 2012, the Company disposed of property, plant and equipment with gross book values totaling approximately $2.7 million, which were comprised mainly of the Company’s headquarters office building and land in New Jersey. The Company recognized a total net gain of approximately $299,000 on these disposals in fiscal 2012. During fiscal 2011, the Company disposed of property, plant and equipment with gross book values totaling approximately $66,000 and recognized a total net loss of approximately $2,000 on these disposals in fiscal 2011.