Property and Equipment

12 Months Ended

Mar. 31, 2015

Note 7. Property and Equipment

The components of property and equipment are as follows:


	March 31,
	2015			2014
	(in $000’s)
Machinery and equipment	$	19,335		$	16,805
Furniture and fixtures		1,000			960
Leasehold improvements		2,874			1,876
Construction in progress		1,685			1,226

Total cost		24,894			20,867
Less accumulated depreciation		(15,767	)		(13,978	)

	$	9,127		$	6,889

Depreciation expense related to property and equipment was $2.7 million, $2.4 million and $2.5 million for the years ending March 31, 2015, 2014 and 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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