FIXED ASSETS

A summary of fixed assets and accumulated depreciation at period end follows:



Fixed Assets	September 30, 2014			September 30, 2013
(in thousands)
Land and improvements	$	1,601		$	1,601
Buildings and improvements	13,499			11,070
Leasehold improvements	1,411			1,411
Machinery and equipment	26,996			25,963
Furniture and fixtures	7,207			6,165
Construction in progress	381			835
Total fixed assets, at cost	51,095			47,045
Accumulated depreciation	(33,245		)	(29,099		)
Fixed assets, net	$	17,850		$	17,946

Depreciation expense during the three months ended and years ended September 30, 2014 and 2013 follows:



	Three Months Ended				Years Ended
	September 30, 2014		September 30, 2013		September 30, 2014		September 30, 2013
(in thousands)
Depreciation expense	$	1,152	$	1,103	$	4,558	$	4,264

Results of the impairment analysis in the fourth quarter of fiscal 2013 related to the SCB reporting unit, more fully described in Note 6—Intangible Assets and Note 7—Goodwill, did not result in a fixed asset impairment as undiscounted cash flows exceeded the carrying value of the assets.