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Property and Equipment
 9 Months Ended
Dec. 31, 2016
Property Plant And Equipment [Abstract]  
Property and Equipment

Note 4. Property and Equipment

The components of property and equipment are as follows:

 

 

 

December 31, 2016

 

 

March 31, 2016

 

 

 

 

 

 

 

 

 

 

Machinery and equipment

 

$

24,030

 

 

$

25,211

 

Leasehold improvements

 

 

20,889

 

 

 

11,833

 

Capital lease assets

 

 

16,784

 

 

 

-

 

Furniture and fixtures

 

 

2,599

 

 

 

1,510

 

Construction in progress

 

 

15,046

 

 

 

3,712

 

Total cost

 

 

79,348

 

 

 

42,266

 

Less accumulated depreciation

 

 

(18,439

)

 

 

(19,082

)

 

 

$

60,909

 

 

$

23,184

 

 

In August 2016, the Company entered into a new lease agreement for its existing corporate headquarters in Danvers, Massachusetts (see Note 9). The Company recorded $16.8 million for this lease as a capital lease asset with depreciation expense being recorded on a straight line basis over 15 years.