Property, Plant and Equipment

12 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

NOTE 7: — PROPERTY, PLANT AND EQUIPMENT

Composition of assets grouped by major classifications are as follows:


	March 31,
	2022		2021
Cost:
Land	$	7,628	$	7,628
Buildings		192,922		190,617
Leasehold improvements		5,211		3,552
Machinery and equipment		225,626		219,210
Computer software and equipment		64,164		46,087
Motor vehicles		80		80
Furniture, fixtures and office equipment		15,051		15,542
		510,682		482,716
Accumulated depreciation and impairment charges:
Buildings	$	92,378	$	85,139
Leasehold improvements		3,171		2,084
Machinery and equipment		163,266		153,628
Computer software and equipment		40,474		25,445
Motor vehicles		80		80
Furniture, fixtures and office equipment		11,621		10,832
		310,990		277,208
Depreciated cost	$	199,692	$	205,508

Depreciation expenses were $24,077, $21,849, and $19,161 for the years ended March 31, 2022, 2021, and 2020, respectively.

Cost of property, plant, and equipment includes capitalized interest expense, capitalized direct incremental costs (such as payroll and related expenses), and other internal costs incurred in order to bring the assets to their intended use in the amount of $15,333 as of March 31, 2022 and 2021. There were no additional capitalized interest and other costs as of March 31, 2022 and 2021.

Cost of computer equipment includes capitalized development costs of computer software developed for internal use in the amount of $20,298 and $17,332 as of March 31, 2022 and 2021, respectively.

Asset disposals were $906 and $124 for the years ended March 31, 2022 and 2021, respectively, mainly relating to the write-off of fully depreciated computer equipment, software, and production equipment.