PROPERTY, PLANT AND EQUIPMENT

9 Months Ended

Feb. 28, 2015

PROPERTY, PLANT AND EQUIPMENT

5. PROPERTY, PLANT AND EQUIPMENT

A summary of property, plant and equipment as of February 28, 2015 and May 31, 2014 is as follows (in thousands):

	February 28, 2015			May 31, 2014
	(unaudited)
Land	$	3,024		$	3,078
Buildings and leasehold improvements		27,081			26,793
Machinery and equipment		149,901			150,050
Furniture and fixtures		5,558			5,530
Capitalized ERP system development costs		11,772			4,655
Computers and computer software		6,895			6,842
Automobiles		3,361			3,550
Construction in progress		2,896			3,123
Total		210,488			203,621
Accumulated depreciation and amortization		(117,364	)		(113,660	)
Property, plant and equipment, net	$	93,124		$	89,961

In the second quarter of fiscal year 2014, we initiated the design and implementation of a new enterprise resource planning (“ERP”) system, which we will begin installing during fiscal year 2016. Amortization of the ERP system development costs will be computed by the straight-line method, commencing in the period when substantial testing is completed and the asset is ready for its intended use. Through February 28, 2015, we have capitalized $11.8 million associated with the project.