Property and Equipment

12 Months Ended

Mar. 31, 2013

Note 6. Property and Equipment

The components of property and equipment are as follows:


	March 31,
	2013			2012
	(in $000’s)
Machinery and equipment	$	14,392		$	13,860
Furniture and fixtures		969			498
Leasehold improvements		1,843			1,147
Construction in progress		1,541			768

Total cost		18,745			16,273
Less accumulated depreciation		(12,196	)		(9,895	)

	$	6,549		$	6,378

Depreciation expense related to property and equipment was $2.5 million, $2.3 million and $1.9 million for the years ending March 31, 2013, 2012, and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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