Note 4. Property and Equipment

12 Months Ended

Jun. 30, 2015

Property and Equipment [Abstract]

Property, Plant and Equipment Disclosure

Property and Equipment

Major classes of property and equipment at June 30 consist of the following:

(Amounts in Thousands)	2015			2014
Land	$	2,849		$	12,308
Buildings and improvements	124,709			183,735
Machinery and equipment	159,648			341,525
Construction-in-progress	7,457			9,758
Total	$	294,663		$	547,326
Less:  Accumulated depreciation	(197,500		)	(358,493		)
Property and equipment, net	$	97,163		$	188,833

The reduction in property and equipment from June 30, 2014 to June 30, 2015 was due primarily to the spin-off of Kimball Electronics on October 31, 2014.

The useful lives used in computing depreciation are based on estimated service lives for classes of property, as follows:

	Years
Buildings and improvements	5 to 50
Machinery and equipment	2 to 20
Leasehold improvements	Lesser of Useful Life or Term of Lease

Depreciation and amortization of property and equipment from continuing operations, including asset write-downs associated with restructuring plans, totaled, in millions, $13.1 for fiscal year 2015, $13.5 for fiscal year 2014, and $12.0 for fiscal year 2013.

At June 30, 2015, no assets were classified as held for sale. Assets held for sale that were sold during fiscal year 2015 included:

• An aircraft which had been used primarily for management travel totaling $1.3 million was classified as held for sale during the second quarter of fiscal year 2015, and was subsequently sold during the third quarter of fiscal year 2015. We recognized a pre-tax gain of $0.2 million related to the sale of the aircraft during the third quarter of fiscal year 2015 which partially offsets the pre-tax impairment charge recorded in the second quarter of fiscal year 2015 of $1.1 million, due to the book value of the aircraft exceeding current fair market value estimates less selling costs. The impairment and gain were both recorded on the Restructuring Expense line of the Consolidated Statements of Income.

At June 30, 2014, Kimball had no assets classified as held for sale. Assets held for sale that were sold during fiscal year 2014 included:

• An underutilized aircraft totaling $1.5 million was classified as held for sale during the first quarter of fiscal year 2014, and was subsequently sold during the second quarter of fiscal year 2014. During fiscal year 2014, we recognized pre-tax losses of $1.2 million for impairment on this aircraft, which was recorded on the Selling and Administrative Expenses line of the Consolidated Statements of Income.

• We sold an idle manufacturing facility and land located in Jasper, Indiana, recognizing a pre-tax gain of $1.7 million during fiscal year 2014, which was recorded on the Selling and Administrative Expenses line of the Consolidated Statements of Income.

• Our former EMS segment sold a facility and land located in Gaylord, Michigan, recognizing a pre-tax loss of $0.3 million during fiscal year 2014. During fiscal year 2013, the former EMS segment recognized pre-tax impairment on this property of $0.2 million. The loss on sale and impairment charge were included in the Income from Discontinued Operations, Net of Tax line of the Consolidated Statements of Income.