Property, Plant and Equipment

3 Months Ended

Sep. 30, 2011

Property, Plant and Equipment

Property, Plant and Equipment

Note 5.  Property, Plant and Equipment

Property, plant and equipment are stated at cost.  Depreciation is provided for by the straight-line method for financial reporting purposes over the estimated useful lives of the assets.  Depreciation expense for the three months ended September 30, 2011 and 2010 was approximately $950,000 and $762,000, respectively.

Property, plant and equipment consist of the following:

		September 30,			June 30,
	Useful Lives	2011			2011
Land	—	$	1,350,499		$	1,350,499
Building and improvements	10 - 39 years	25,502,673			25,476,506
Machinery and equipment	5 - 10 years	28,111,915			26,555,033
Furniture and fixtures	5 - 7 years	1,231,982			1,134,191
		$	56,197,069		$	54,516,229
Accumulated depreciation		(25,529,042		)	(24,586,448		)
		$	30,668,027		$	29,929,781