Property, Plant, and Equipment

12 Months Ended

Mar. 31, 2018

Property, Plant and Equipment, Net [Abstract]

Property, Plant, and Equipment

Consolidated property, plant, and equipment of the Company consisted of the following:



	March 31,
	2018		2017
Land and land improvements	$	7,031	$	6,585
Buildings	42,330		41,536
Machinery, equipment, and leasehold improvements	275,685		221,569
Construction in progress	13,461		10,543
	338,507		280,233
Less accumulated depreciation	225,428		167,205
Net property, plant, and equipment	$	113,079	$	113,028

Buildings include assets recorded under capital leases amounting to $4,838,000 as of March 31, 2018 and 2017. Machinery, equipment, and leasehold improvements include assets recorded under capital leases amounting to $1,434,000 and $1,017,000 as of March 31, 2018 and 2017, respectively. Accumulated depreciation includes accumulated amortization of the assets recorded under capital leases amounting to $4,329,000 and $3,953,000 at March 31, 2018 and 2017, respectively.

Depreciation expense, including amortization of assets recorded under capital leases, was $20,584,000, $17,057,000, and $15,507,000 for the years ended March 31, 2018, 2017, and 2016, respectively.

Gross property, plant, and equipment includes capitalized software costs of $38,937,000 and $34,386,000 at March 31, 2018 and 2017, respectively. Accumulated depreciation includes accumulated amortization on capitalized software costs of $17,754,000 and $14,792,000 at March 31, 2018 and 2017, respectively. Amortization expense on capitalized software costs was $3,151,000, $4,357,000, and $2,085,000 during the years ended March 31, 2018, 2017, and 2016, respectively.

During fiscal year 2019, the Company initiated a process to sell the assets of two of its product lines. The assets of these product lines totaled $4,701,000 at March 31, 2018. The asset sales are expected to be completed within the next 12 months.