Quarterly report [Sections 13 or 15(d)]

Property, Plant, Equipment and Rental Assets

v3.25.2
Property, Plant, Equipment and Rental Assets
3 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant, Equipment and Rental Assets

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6. Property, Plant, Equipment and Rental Assets

Property, plant, equipment and rental assets consisted of the following (in thousands):

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June 30,

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March 31,

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2025

    

2025

Machinery, equipment, automobiles and furniture

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$

14,555

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$

14,467

Leasehold improvements

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8,927

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8,919

Molds and tooling

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3,510

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3,510

Rental assets

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27,963

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27,963

Total property, plant, equipment and rental assets

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54,955

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54,859

Less: accumulated depreciation

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(36,240)

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(35,497)

Total property, plant, equipment and rental assets, net

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$

18,715

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$

19,362

 

 

The Company regularly assesses the useful lives of property and equipment and retires assets no longer in service. Depreciation expense for property, plant, equipment and rental assets was $0.9 million and $1.0 million for the three months ended June 30, 2025 and 2024, respectively. The depreciation expense recorded to cost of sales was $0.9 million and $1.0 million for the three months ended June 30, 2025 and 2024, respectively.