Property, plant and equipment, net, at April 30, 2025 and 2024, consisted of the following (in thousands):

 

   April 30,
2025
   April 30,
2024
 
         
Buildings and building improvements  $2,923   $2,616 
Machinery, equipment and furniture   63,347    61,943 
    66,270    64,559 
Less accumulated depreciation   (60,082)   (58,121)
   $6,188   $6,438 

Historical Timeline

Fiscal YearFiled
2025Jul 18, 2025Showing above
2024Aug 2, 2024
2023Jul 27, 2023
2022Jul 14, 2022
2021Jun 30, 2021
2020Jul 29, 2020
2019Jul 26, 2019
2018Jul 30, 2018
2017Jul 31, 2017
2016Jul 29, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.