Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Property, Plant and Equipment

The following useful lives are used:

Buildings and facilities	10 to 30 years
Machinery and equipment	3 to 15 years
Office furniture and equipment	5 to 7 years
Capitalized software	3 to 5 years
Equipment under finance leases	Shorter of term of lease or estimated useful life

	As of June 30,
(In thousands)	2022		2021
Buildings and facilities	$	92,948	$	94,846
Machinery and equipment	219,095		223,579
Capitalized software	25,467		24,218
Office furniture and equipment	14,347		13,834
	351,857		356,477
Accumulated depreciation	(224,760)		(218,341)
Land	11,053		11,955
Property, plant and equipment, net	$	138,150	$	150,091

Capitalized CBE included in machinery and equipment above are:

	As of June 30,
(In thousands)	2022		2021
Coffee Brewing Equipment (1)	$	93,549	$	97,105
Accumulated depreciation	(68,938)		(70,705)
Coffee Brewing Equipment, net	$	24,611	$	26,400

__________

(1) Decrease as of June 30, 2022 is due to retirement of assets and lower investment on new equipment since we have focused on refurbished equipment which has a lower cost per unit.

Depreciation expense related to capitalized CBE and other CBE related expenses (excluding CBE depreciation) provided to customers and reported in cost of goods sold were as follows:

	For the Years Ended June 30,
(In thousands)	2022		2021		2020
Depreciation expense	$	7,492	$	8,988	$	9,572
Other CBE expenses	25,773		23,363		27,906