Property, Plant and Equipment

12 Months Ended

Jun. 30, 2013

Note 5. Property, Plant and Equipment

Property, plant and equipment at June 30, 2013 and 2012 consisted of the following:

(In thousands)	Useful Lives	2013			2012
Land	—	$	1,350		$	1,350
Building and improvements	10 - 39 years	32,992			28,420
Machinery and equipment	5 - 10 years	32,620			32,322
Furniture and fixtures	5 - 7 years	1,290			1,247
Construction in progress	—	2,892			2,159
Property, plant and equipment, gross		71,144			65,498
Less accumulated depreciation		(31,003		)	(28,430		)
Property, plant and equipment, net		$	40,141		$	37,068

During the fiscal years ended June 30, 2013, 2012 and 2011 the Company had no impairment charges. Property, plant and equipment, net included amounts held in foreign countries in the amount of $1.3 million and $1.2 million at June 30, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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