Property, Plant and Equipment

9 Months Ended

Mar. 31, 2014

Note 6. Property, Plant and Equipment

Property, plant and equipment at March 31, 2014 and June 30, 2013 consisted of the following:

(In thousands)	Useful Lives	March 31, 2014			June 30, 2013
Land	—	$	4,641		$	1,350
Building and improvements	10 - 39 years	39,684			32,992
Machinery and equipment	5 - 10 years	35,660			32,620
Furniture and fixtures	5 - 7 years	1,392			1,290
Construction in progress	—	9,937			2,892
Property, plant and equipment, at cost		91,314			71,144
Less accumulated depreciation		(34,309		)	(31,003		)
Property, plant and equipment, net		$	57,005		$	40,141

During each of the three and nine months ended March 31, 2014 and 2013 the Company had no impairment charges related to property, plant and equipment. Property, plant and equipment, net included amounts held in foreign countries in the amount of $1.2 million and $1.3 million at March 31, 2014 and June 30, 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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