PROPERTY, PLANT AND EQUIPMENT

7 Months Ended

Dec. 31, 2015

PROPERTY, PLANT AND EQUIPMENT

5. PROPERTY, PLANT AND EQUIPMENT

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

	December 31,			May 31,
	2015			2015			2014
Land	$	3,124		$	3,025		$	3,078
Buildings and leasehold improvements		29,690			27,390			26,793
Machinery and equipment		174,222			154,891			150,050
Furniture and fixtures		6,561			5,939			5,530
Capitalized ERP system development costs		25,606			14,524			4,655
Computers and computer software		8,062			7,252			6,842
Automobiles		5,280			3,095			3,550
Construction in progress		5,177			2,934			3,123
Total		257,722			219,050			203,621
Accumulated depreciation and amortization		(132,739	)		(121,124	)		(113,660	)
Property, plant, and equipment, net	$	124,983		$	97,926		$	89,961

At the end of 2013, we initiated the design and implementation of a new ERP system, which is expected to be installed by the end of calendar year 2017. 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 December 31, 2015, we have capitalized $25.8 million associated with the project which includes $0.5 million of capitalized interest.