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,
2009
  March 31,
2008
 

Leasehold improvements

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

Land

        1,074     1,074  

Land improvements

    15 years     326     326  

Building

    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  

Software

    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.

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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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