Property and Equipment, net

6 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Note 8. Property and Equipment, net

The components of property and equipment, net are as follows:


	September 30, 2022			March 31, 2022
	(in thousands)
Land	$	10,144		$	10,643
Building and building improvements		157,507			152,374
Leasehold improvements		1,897			1,810
Machinery, equipment and computer software		106,235			104,407
Furniture and fixtures		15,391			15,420
Construction in progress		13,407			19,898
Total cost		304,581			304,552
Less accumulated depreciation		(109,424	)		(102,062	)
Property and equipment, net	$	195,157		$	202,490

Depreciation expense related to property and equipment was $6.3 million and $6.6 million for the three months ended September 30, 2022 and 2021, respectively. Depreciation expense related to property and equipment was $12.4 million and $13.0 million for the six months ended September 30, 2022 and 2021, respectively.