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Property, Plant and Equipment
9 Months Ended
Mar. 31, 2017
Property, Plant and Equipment  
Property, Plant and Equipment

 

Note 8.  Property, Plant and Equipment

 

Property, plant and equipment at March 31, 2017 and June 30, 2016 consisted of the following:

 

(In thousands)

 

Useful Lives

 

March 31,
2017

 

June 30,
2016

 

Land

 

 

$

6,191

 

$

6,191

 

Building and improvements

 

10 - 39 years

 

107,281

 

103,496

 

Machinery and equipment

 

5 - 10 years

 

144,157

 

120,272

 

Furniture and fixtures

 

5 - 7 years

 

2,928

 

2,904

 

Less accumulated depreciation

 

 

 

(69,414

)

(53,598

)

 

 

 

 

 

 

 

 

 

 

 

 

191,143

 

179,265

 

 

 

 

 

 

 

 

 

Construction in progress

 

 

 

41,177

 

37,373

 

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

 

 

$

232,320

 

$

216,638

 

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment, net included amounts held in foreign countries in the amount of $1.1 million and $1.0 million at March 31, 2017 and June 30, 2016, respectively.