Deckers Outdoor Corp., balance sheet: property, plant and equipment

US$ in thousands

	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018
Land	32,864)	32,864)	32,865)	32,864)	32,864)	32,863)
Building	36,191)	36,112)	35,094)	35,093)	35,094)	38,945)
Machinery and equipment	187,754)	177,397)	149,494)	145,423)	150,921)	141,255)
Furniture and fixtures	39,538)	35,600)	36,497)	35,024)	37,157)	38,473)
Computer software	115,349)	104,114)	94,365)	80,718)	76,495)	72,310)
Leasehold improvements	118,351)	108,526)	110,538)	104,497)	108,717)	107,079)
Construction in progress	54,140)	10,407)	14,262)	17,556)	8,487)	—)
Gross property and equipment	584,187)	505,020)	473,115)	451,175)	449,735)	430,925)
Accumulated depreciation and amortization	(317,508)	(282,571)	(266,905)	(242,138)	(235,939)	(210,763)
Property and equipment, net	266,679)	222,449)	206,210)	209,037)	213,796)	220,162)

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Item	Description	The company
Gross property and equipment	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Deckers Outdoor Corp. gross property and equipment increased from 2021 to 2022 and from 2022 to 2023.
Property and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Deckers Outdoor Corp. property and equipment, net increased from 2021 to 2022 and from 2022 to 2023.

Deckers Outdoor Corp., asset age ratios

		Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018
	Average age ratio	57.59%	59.85%	60.63%	57.88%	56.60%	52.95%

Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Deckers Outdoor Corp. average age ratio of depreciable property, plant and equipment improved from 2021 to 2022 and from 2022 to 2023.

	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018
Selected Financial Data (US$ in thousands)
Accumulated depreciation and amortization	317,508)	282,571)	266,905)	242,138)	235,939)	210,763)
Gross property and equipment	584,187)	505,020)	473,115)	451,175)	449,735)	430,925)
Land	32,864)	32,864)	32,865)	32,864)	32,864)	32,863)
Asset Age Ratio
Average age¹	57.59%	59.85%	60.63%	57.88%	56.60%	52.95%

2023 Calculations

¹ Average age = 100 × Accumulated depreciation and amortization ÷ (Gross property and equipment – Land)
= 100 × 317,508 ÷ (584,187 – 32,864) = 57.59%

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Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Deckers Outdoor Corp. average age ratio of depreciable property, plant and equipment improved from 2021 to 2022 and from 2022 to 2023.

Deckers Outdoor Corp. (NYSE:DECK)

Analysis of Property, Plant and Equipment