PROPERTY AND EQUIPMENT, NET

12 Months Ended

Mar. 31, 2015

PROPERTY AND EQUIPMENT, NET [Abstract]

NOTE 8. PROPERTY AND EQUIPMENT, NET

Property and equipment, net, at March 31, 2015 and 2014 consisted of the following (in thousands):

	March 31,
	2015			2014
Property and equipment at cost:
Machinery and equipment	$	36,296		$	31,502
Furniture and fixtures		3,162			2,216
Computer equipment		6,356			5,536
Building and leasehold improvements		11,096			9,875
Construction in progress		4,924			5,376
		61,834			54,505
Accumulated depreciation and amortization		(34,518	)		(30,314	)
Property and equipment, net	$	27,316		$	24,191

Depreciation and amortization expense for property and equipment from continuing operations amounted to $6.3 million, $5.1 million and $4.9 million in fiscal 2015, 2014 and 2013, respectively. Depreciation and amortization expense for property and equipment from discontinued operations amounted to $0.9 million, $0.8 million and $0.6 million in fiscal 2015, 2014 and 2013, respectively.

In connection with the sale of assets of our AVRL business in March 2015, we recorded impairment charges of $1.6 million to reduce the carrying value of certain property and equipment to its estimated net realizable value (fair value less costs to sell) during the fourth quarter of fiscal 2015.

- 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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