Property, Plant And Equipment, Net

12 Months Ended

Jun. 30, 2013

Property, Plant And Equipment, Net [Abstract]

5. Property, Plant and Equipment, net

Property, plant, and equipment consist of the following:


		June 30,
		2013			2012
		(Dollars in thousands)
Leasehold improvements	$	2,641		$	2,702
Machinery, equipment and customer support spares		17,763			17,226
		20,404			19,928
Less: Accumulated depreciation		(17,302	)		(15,962	)
	$	3,102		$	3,966

For the years ended June 30, 2013, 2012 and 2011, depreciation expense for property, plant and equipment amounted to $2,254,000, $2,811,000, and $2,452,000, respectively.

We recorded an asset for leasehold improvements and a corresponding liability for the present value of the estimated asset retirement obligation associated with the lease restoration costs at some of our international locations. The asset was depreciated over the expected life of the corresponding lease and has a net book value of $0 as of both June 30, 2012 and June 30, 2013, while the liability continues to accrete to the amount of the estimated retirement obligation. Expense associated with accretion of the obligation is recorded to operating expenses. The changes to the asset retirement obligation associated with lease restoration costs are as follows (in thousands):


Asset retirement obligation, June 30, 2012	$	502
Accretion of asset retirement obligation		4
Impact of foreign exchange rates		(78	)
Asset retirement obligation, June 30, 2013	$	428

- Definition

Tabular disclosure of the useful life and salvage value of 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.

+ References+ Details