Property, Plant, and Equipment

12 Months Ended

Mar. 31, 2022

Property, Plant and Equipment, Net [Abstract]

Property, Plant and Equipment

Property, Plant, and Equipment

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

	March 31,
	2022		2021
Land and land improvements	$	5,610	$	4,787
Buildings	57,549		39,941
Machinery, equipment, and leasehold improvements	249,793		229,161
Construction in progress	14,248		14,188
	327,200		288,077
Less accumulated depreciation	229,274		213,324
Net property, plant, and equipment	$	97,926	$	74,753

The acquisitions of Dorner and Garvey contributed $23,387,000 and $2,955,000, respectively, to the increase in property, plant, and equipment since March 31, 2021.

Depreciation expense was $16,639,000, $15,530,000, and $16,184,000 for the years ended March 31, 2022, 2021, and 2020, respectively.

Gross property, plant, and equipment includes capitalized software costs of $39,752,000 and $38,925,000 at March 31, 2022 and 2021, respectively. Accumulated depreciation includes accumulated amortization on capitalized software costs of $29,000,000 and $27,207,000 at March 31, 2022 and 2021, respectively. Amortization expense on capitalized software costs was $2,399,000, $3,639,000, and $2,937,000 during the years ended March 31, 2022, 2021, and 2020, respectively.