Property, Plant and Equipment

6 Months Ended

Dec. 31, 2014

Note 6. Property, Plant and Equipment

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

(In thousands)	Useful Lives	December 31, 2014			June 30, 2014
Land	—	$	4,641		$	4,641
Building and improvements	10 - 39 years	43,269			42,013
Machinery and equipment	5 - 10 years	41,183			37,678
Furniture and fixtures	5 - 7 years	1,502			1,416
Construction in progress	—	22,359			11,454
Property, plant and equipment, gross		112,954			97,202
Less accumulated depreciation		(37,678		)	(35,498		)
Property, plant and equipment, net		$	75,276		$	61,704

During each of the three and six months ended December 31, 2014 and 2013, 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 $1.1 million at December 31, 2014 and June 30, 2014, 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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