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Assets Held For Sale
9 Months Ended
Mar. 31, 2024
Assets Held For Sale [Abstract]  
Assets Held For Sale

3. ASSETS HELD FOR SALE

During fiscal year 2020, the Company committed to a plan to sell assets located at the Company’s Starkville, Mississippi location as part of a restructuring plan. As of March 31, 2024, the Company continues to actively market the assets in Starkville, Mississippi. A summary of the assets held for sale as of March 31, 2024, is included in the table below.

 

 

 

 

 

 

 

Accumulated

 

 

Net Book

 

Location

Asset Category

 

Cost

 

 

Depreciation

 

 

Value

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

Starkville, Mississippi

Building & building improvements

 

$

4,615

 

 

$

(4,254

)

 

$

361

 

Land & land improvements

 

 

694

 

 

 

(439

)

 

 

255

 

Total assets held for sale

 

$

5,309

 

 

$

(4,693

)

 

$

616