Property, Plant, and Equipment

9 Months Ended

Mar. 31, 2013

NOTE 4 - Property, Plant, and Equipment

Property, plant and equipment consist of the following:

	March 31, 2013		June 30, 2012		Useful Life in Years
	(in thousands)
Land	$	904	$	904	--
Buildings		8,911		8,911	30 to 40
Molds and dies		6,783		6,748	3 to 5
Furniture and fixtures		2,324		2,317	5 to 10
Machinery and equipment		19,380		19,107	7 to 10
Leasehold improvements		372		372	Shorter of the lease term or life of asset
		38,674		38,359
Less: accumulated depreciation and amortization		31,881		31,112
	$	6,793	$	7,247

Depreciation and amortization expense on property, plant, and equipment was approximately $262,000 and $278,000 for the three months ended March 31, 2013 and 2012, respectively and $769,000 and $797,000 for the nine months ended March 31, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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