Graham Corporation Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

12 Months Ended

Mar. 31, 2023

Note 5 – Property, Plant and Equipment:

Major classifications of property, plant and equipment are as follows:


	March 31,
	2023		2022
Land and land improvements	$	450	$	450
Buildings and leasehold improvements		23,112		22,820
Machinery and equipment		41,398		39,905
Construction in progress		2,518		228
		67,478		63,403
Less – accumulated depreciation and amortization		41,955		38,519
	$	25,523	$	24,884

Depreciation expense in fiscal 2023, fiscal 2022 and fiscal 2021 was $3,511, $3,077, and $1,945, respectively.