Property, Plant and Equipment

12 Months Ended

Sep. 30, 2016

Property, Plant and Equipment [Abstract]

Property, plant and equipment were as follows as of September 30, 2016 and 2015 (in thousands):



	September 30,
	2016			2015
Buildings and land	$	45,772		$	43,765
Computer equipment and software	65,989			58,715
Machinery and equipment	54,896			43,185
Furniture and fixtures	5,704			5,310
Leasehold improvements	17,128			13,617
Capital projects in progress	5,428			4,427
	194,917			169,019
Less accumulated depreciation and amortization	(140,032		)	(127,164		)
Property, plant and equipment, net	$	54,885		$	41,855

Depreciation expense, excluding amounts related to the discontinued operations, was $13.1 million, $12.3 million and $12.7 million, respectively, for the fiscal years ended September 30, 2016, 2015 and 2014. The Company recorded $1.3 million of additions to property, plant and equipment for which cash payments had not yet been made as of September 30, 2016.

During fiscal year 2015, the Company was leasing one of the buildings in Chelmsford, Massachusetts which was purchased for a total price of $8.4 million on September 30, 2015. Please refer to Note 22, "Commitments and Contingencies" for further information on this transaction.

As of September 30, 2015, the building and the underlying land with a carrying value of $4.8 million located in Oberdiessbach, Switzerland were presented as "Assets Held for Sale" in the accompanying Consolidated Balance Sheets. The Company determined fair value of the assets held for sale based on indication of value resulting from marketing the building and the land to prospective buyers. The Company recognized a loss of $1.9 million in fiscal year 2015 for the difference between the assets' fair value of $2.9 million and the carrying value of $4.8 million. The loss of $1.9 million was recognized as a component of "Other (expense) income, net" in the accompanying Consolidated Statements of Operations. During fiscal year 2016, the Company sold the building and the underlying land to an unrelated third party for a total price of $2.8 million and remeasured the fair value of the assets. The corresponding impact of this remeasurement on the Company's results of operations for fiscal year 2016 was insignificant. Please refer to Note 21, "Fair Value Measurements" for further information on the assets' fair value measurements.