Property, Plant and Equipment

3 Months Ended

Sep. 30, 2013

Note 6. Property, Plant and Equipment

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

(In thousands)	Useful Lives	September 30, 2013			June 30, 2013
Land	—	$	1,350		$	1,350
Building and improvements	10 - 39 years	32,844			32,992
Machinery and equipment	5 - 10 years	33,814			32,620
Furniture and fixtures	5 - 7 years	1,292			1,290
Construction in progress	—	3,744			2,892
Property, plant and equipment, at cost		73,044			71,144
Less accumulated depreciation		(32,090		)	(31,003		)
Property, plant and equipment, net		$	40,954		$	40,141

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