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Property, Plant, and Equipment

3 Months Ended

Sep. 30, 2011

Property, Plant and Equipment Disclosure [Text Block]

Note 11: Property, Plant and Equipment

Property, plant and equipment are stated at cost. Maintenance and repairs are charged to expense as incurred. Management evaluates, on an ongoing basis, the carrying value of property, plant and equipment and makes adjustments when impairments are identified. Depreciation is based on the estimated useful lives of the various classes of assets and is computed using the straight-line method. The following table sets forth the components of property, plant and equipment at September 30, 2011 and June 30, 2011:


		September 30, 2011			June 30, 2011			Estimated Useful Life (Years)

Land and improvements		$	2,930		$	2,930		—
Building and improvements			21,272			21,265		15-40
Machinery, equipment and office furniture			58,077			58,157		3-8
Leasehold improvements			983			989		1-5
Construction in progress			295			357		—

			83,557			83,698
Accumulated depreciation			(54,416	)		(53,503	)

		$	29,141		$	30,195

Depreciation expense was $1,243 and $1,257 for the three months ended September 30, 2011 and 2010, respectively.

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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