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Property and Equipment, Net
 12 Months Ended
Jun. 30, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
As of June 30, 2022 and 2021, property and equipment, net consisted of the following assets: 
June 30,
20222021
Land$140,239 $150,750 
Buildings997,345 996,295 
Equipment437,177 405,835 
Aircraft38,090 38,090 
Furniture and fixtures39,863 40,660 
Leasehold improvements232,819 214,678 
Construction in progress (a)
2,031,972 1,194,525 
3,917,505 3,040,833 
Less accumulated depreciation and amortization(978,453)(884,541)
$2,939,052 $2,156,292 
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(a) Interest is capitalized during the construction period for significant long term construction projects. The Company capitalizes interest within the Entertainment segment in connection with the construction of MSG Sphere in Las Vegas. For Fiscal Years 2022 and 2021, the Company capitalized $48,507 and $34,890 of interest, respectively which is included in Construction in progress amounts above.
The increase in Construction in progress is primarily associated with the development and construction of MSG Sphere in Las Vegas which includes capitalized labor and interest. The property and equipment balances above include $206,462 and $110,428 of capital expenditure accruals (primarily related to MSG Sphere construction) as of June 30, 2022 and 2021, respectively, which are reflected in Accrued and other current liabilities in the accompanying consolidated balance sheets.
Depreciation and amortization expense on property and equipment was $100,043, $92,394 and $94,851 for Fiscal Years 2022, 2021 and 2020, respectively.