Property and Equipment

12 Months Ended

Mar. 31, 2019

Property Plant And Equipment [Abstract]

Property and Equipment

Note 7. Property and Equipment

The components of property and equipment are as follows:

	March 31, 2019			March 31, 2018
	(in $000's)
Land	$	7,262		$	7,680
Building and building improvements		86,705			63,700
Leasehold improvements		2,190			2,905
Machinery and equipment		59,146			42,787
Furniture and fixtures		11,456			8,104
Construction in progress		17,946			19,850
Total cost		184,705			145,026
Less accumulated depreciation		(39,700	)		(27,859	)
	$	145,005		$	117,167

In October 2017, the Company acquired its corporate headquarters that it had been leasing in Danvers, Massachusetts. The total acquisition cost for the land and building was approximately $16.5 million, with $3.0 million being recorded to land and $13.0 million being recorded to building and building improvements. In addition, the Company reclassified $32.6 million in leasehold improvements to building and building improvements due to the termination of the lease agreement upon the property acquisition.

Depreciation expense related to property and equipment was $13.9 million, $11.0 million, and $6.2 million for the fiscal years ending March 31, 2019, 2018 and 2017, respectively.