Property, Plant and Equipment

9 Months Ended

Mar. 31, 2015

Note 6. Property, Plant and Equipment

Property, plant and equipment at March 31, 2015 and June 30, 2014 consisted of the following:

(In thousands)	Useful Lives	March 31, 2015			June 30, 2014
Land	—	$	4,641		$	4,641
Building and improvements	10 - 39 years	46,330			42,013
Machinery and equipment	5 - 10 years	44,311			37,678
Furniture and fixtures	5 - 7 years	1,719			1,416
Construction in progress	—	22,303			11,454
Property, plant and equipment, gross		119,304			97,202
Less accumulated depreciation		(39,039		)	(35,498		)
Property, plant and equipment, net		$	80,265		$	61,704

During each of the three and nine months ended March 31, 2015 and 2014, 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 $1.1 million at March 31, 2015 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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