Property, plant and equipment are stated at cost and are depreciated using the straight-line method based on the following estimated useful lives:
 Years
Building
5 to 40
Machinery
1 to 15
Computer equipment and software
1 to 6
Furniture and fixtures
6 to 10
Leasehold improvements*
*Leasehold improvements are amortized over the lesser of the lease term or the estimated useful life of the related assets.
Property, plant and equipment, net consist of the following:
March 31,
(In thousands)20262025
Components of Property, Plant and Equipment
Land$2,136 $550 
Building48,859 31,353 
Machinery83,751 74,621 
Computer equipment33,279 31,958 
Furniture and fixtures3,485 3,341 
Leasehold improvements10,806 10,610 
Construction in progress28,241 3,350 
 210,557 155,783 
Accumulated depreciation(88,868)(81,235)
Property, plant and equipment, net$121,689 $74,548 

Historical Timeline

Fiscal YearFiled
2026May 14, 2026Showing above
2025May 9, 2025
2024May 15, 2024
2023May 5, 2023
2022May 6, 2022
2021May 7, 2021
2020May 8, 2020
2019May 13, 2019
2018May 10, 2018
2017May 17, 2017
2016May 17, 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.