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

Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

Property, Plant and Equipment

12 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Note 4 — Property, Plant and Equipment:

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


	March 31,
	2013		2012
Land	$	210	$	210
Buildings and leasehold improvements		13,179		13,065
Machinery and equipment		23,474		22,239
Construction in progress		14		76

		36,877		35,590
Less — accumulated depreciation and amortization		23,589		22,137

	$	13,288	$	13,453

Depreciation expense in fiscal 2013, fiscal 2012, and fiscal 2011 was $1,851, $1,685, and $1,334, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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