Property, Plant, and Equipment

6 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

3. Property, Plant, and Equipment

Property, plant, and equipment are stated at cost. Depreciation is calculated primarily on a straight-line basis, generally over the following estimated useful lives: land improvements – 3 to 10 years; buildings and improvements – 8 to 25 years; and vehicles and machinery and equipment – 3 to 8 years. Depreciation expense for the three months ended September 30, 2023 and October 1, 2022 was $4.7 million and $4.2 million, respectively. Depreciation expense for the six months ended September 30, 2023 and October 1, 2022 was $9.3 million and $7.8 million, respectively.

The components of property, plant, and equipment were as follows:


(Dollars in thousands)	September 30, 2023			April 1, 2023
Land and improvements	$	42,676		$	41,749
Buildings and improvements		131,386			119,226
Machinery and equipment		100,694			91,007
Construction in progress		31,035			30,010
Property, plant, and equipment, at cost		305,791			281,992
Less: accumulated depreciation		(114,025	)		(104,867	)
Property, plant, and equipment, net	$	191,766		$	177,125