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Assets Held For Sale
 12 Months Ended
Jun. 30, 2024
Property, Plant and Equipment Assets Held-for-Sale Disclosure [Abstract]  
Assets Held For Sale

6. 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 the Company’s restructuring plan, see Note 5 Restructuring. The Company completed the sale of the Starkville, Mississippi location in the year ended June 30, 2024. The Company received proceeds of $3.9 million and recorded a gain of $3.3 million related to the sale.

 

During fiscal year 2024, the Company committed to a plan to sell assets located at the Company's Dublin, Georgia location as part of the Company's announced closure of the facility. As of June 30, 2024, the Company is actively marketing the facility and property in Dublin, Georgia. A summary of the assets held for sale is included in the table below as of June 30, 2024.

 

 

 

 

 

 

 

 

Accumulated

 

 

Net Book

 

Location

 

Asset Category

 

Cost

 

 

Depreciation

 

 

Value

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

Dublin, Georgia

 

Building & building improvements

 

$

6,798

 

 

$

(5,326

)

 

$

1,472

 

 

Land & land improvements

 

 

444

 

 

 

(209

)

 

 

235

 

 

 

 

$

7,242

 

 

$

(5,535

)

 

$

1,707