SOLR » Topics » 7. Property, Plant and Equipment

This excerpt taken from the SOLR 10-K filed Jun 9, 2009.

7. Property, Plant and Equipment

        Property, plant and equipment consist of the following:

  Estimated Useful Life   March 28,
  March 31,

Leasehold improvements

    Lesser of useful life or
initial lease term
  $ 1,677   $ 407  


        1,074     1,074  

Land improvements

    15 years     326     326  


    40 years     9,388     4,285  

Manufacturing equipment

    5 to 7 years     2,937     1,806  

Computer equipment

    3 to 5 years     1,394     1,153  


    3 to 5 years     4,720     2,590  

Furniture and fixtures

    5 to 7 years     975     456  

          22,491     12,097  

Less accumulated depreciation

          (3,635 )   (1,664 )

        $ 18,856   $ 10,433  

        Software cost incurred as part of an enterprise resource systems project of $2,001 and $1,684 were capitalized during the fiscal years ended March 28, 2009 and March 31, 2008, respectively. Depreciation expense for the fiscal years ended March 28, 2009, March 31, 2008, and March 31, 2007, was approximately $2,006, $1,034, and $621 respectively.


Table of Contents

GT Solar International, Inc. and Subsidiaries

Notes to Consolidated Financial Statements (Continued)

March 28, 2009

(In thousands, except per share data)

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