Property and Equipment

9 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

Property and Equipment

Note 7. Property and Equipment

The components of property and equipment are as follows:

	December 31, 2020			March 31, 2020
	(in $000's)
Land	$	7,658		$	7,179
Building and building improvements		105,602			100,176
Leasehold improvements		15,187			14,546
Machinery, equipment and computer software		85,654			71,636
Furniture and fixtures		15,303			14,600
Construction in progress		26,321			15,075
Total cost		255,725			223,212
Accumulated depreciation		(76,361	)		(58,281	)
Property and equipment, net	$	179,364		$	164,931

In January 2021, the Company entered into a purchase and sale agreement to purchase additional land and building space adjacent to its corporate headquarters in Danvers, Massachusetts. The estimated purchase price for the property is $17.5 million and the transaction is expected to be completed during the fourth quarter of fiscal year 2021.