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EXCEL - IDEA: XBRL DOCUMENT - HI TECH PHARMACAL CO INCFinancial_Report.xls
10-Q - FORM 10-Q - HI TECH PHARMACAL CO INCd399017d10q.htm
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v2.4.0.6
Property and Equipment
6 Months Ended
Oct. 31, 2012
Property and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

7. PROPERTY AND EQUIPMENT:

The components of property and equipment consist of the following:

 

                 
    October 31,
2012
    April 30,
2012
 

Land and building and improvements

  $ 21,343,000     $ 20,392,000  

Machinery and equipment

    32,191,000       30,934,000  

Transportation equipment

    69,000       55,000  

Computer equipment and systems

    6,325,000       6,131,000  

Furniture and fixtures

    1,262,000       1,237,000  
   

 

 

   

 

 

 
    $ 61,190,000     $ 58,749,000  

Accumulated depreciation and amortization

    30,679,000       28,769,000  
   

 

 

   

 

 

 

Total property and equipment

  $ 30,511,000     $ 29,980,000  
   

 

 

   

 

 

 

The Company incurred depreciation expense of $1,936,000 and $1,645,000 for the six months ended October 31, 2012 and 2011, respectively. Depreciation expense for the three months ended October 31, 2012 and 2011 was $1,007,000 and $873,000, respectively. No depreciation is taken on land with a carrying value of $1,860,000 at October 31, 2012 and April 30, 2012.