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Property, Plant and Equipment
3 Months Ended
Sep. 30, 2012
Property, Plant and Equipment Disclosure [Text Block]

Note 10: Property, Plant and Equipment


Property, plant and equipment are stated at cost less impairments. 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, 2012 and June 30, 2012:


 

 

 

 

 

 

 

 

 

 

 

 

September 30,
2012

 

June 30,
2012

 

Estimated Useful Life
(Years)

             
Minimum
Maximum

 

 


 


 


Land and improvements

 

$

4,030

 

$

4,030

 

 

 

Building and improvements

 

 

24,303

 

 

24,228

 

 

15

40

Machinery, equipment and office furniture

 

 

58,388

 

 

58,259

 

 

3

8

Leasehold improvements

 

 

969

 

 

964

 

 

1

5

Construction in progress

 

 

2,152

 

 

1,625

 

 

 

 

 



 



 

 

 

 

 

 

89,842

 

 

89,106

 

 

 

Accumulated depreciation

 

 

(56,500

)

 

(55,412

)

 

 

 

 



 



 

 

 

 

 

$

33,342

 

$

33,694

 

 

 

 

 



 



 

 

 


Depreciation expense was $1,175 and $1,243 for the three months ended September 30, 2012 and 2011, respectively.