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Property, Plant and Equipment
6 Months Ended
Dec. 31, 2016
Property, Plant and Equipment  
Property, Plant and Equipment

 

Note 8.  Property, Plant and Equipment

 

Property, plant and equipment at December 31, 2016 and June 30, 2016 consisted of the following:

 

(In thousands)

 

Useful Lives

 

December 31,
2016

 

June 30,
2016

 

Land

 

 

$

6,191

 

$

6,191

 

Building and improvements

 

10 - 39 years

 

105,637

 

103,496

 

Machinery and equipment

 

5 - 10 years

 

134,239

 

120,272

 

Furniture and fixtures

 

5 - 7 years

 

2,673

 

2,904

 

Less accumulated depreciation

 

 

 

(64,049

)

(53,598

)

 

 

 

 

 

 

 

 

 

 

 

 

184,691

 

179,265

 

 

 

 

 

 

 

 

 

Construction in progress

 

 

 

42,362

 

37,373

 

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

 

 

$

227,053

 

$

216,638

 

 

 

 

 

 

 

 

 

 

 

 

During the three and six months ended December 31, 2016 and 2015, 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 $924 thousand and $1.0 million at December 31, 2016 and June 30, 2016, respectively.