Property, Plant and Equipment

9 Months Ended

Mar. 31, 2018

Property, Plant and Equipment

Property, Plant and Equipment

Note 7.  Property, Plant and Equipment

Property, plant and equipment, net at March 31, 2018 and June 30, 2017 consisted of the following:

(In thousands)	Useful Lives	March 31, 2018			June 30, 2017
Land	—	$	6,191		$	6,191
Building and improvements	10 - 39 years	108,035			108,730
Machinery and equipment	5 - 10 years	147,561			142,086
Furniture and fixtures	5 - 7 years	3,830			2,953
Less: accumulated depreciation		(85,565		)	(71,461		)
		180,052			188,499
Construction in progress		87,346			54,649
Property, plant and equipment, net		$	267,398		$	243,148

Depreciation expense for the three months ended March 31, 2018 and 2017 was $5.0 million and $5.5 million, respectively.  Depreciation expense for the nine months ended March 31, 2018 and 2017 was $16.1 million.

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, 2018 and June 30, 2017, respectively.