Property and Equipment (Text Block)

12 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

The classification of property and equipment, together with their estimated useful lives is as follows:


	June 30,
	2020		2019		Estimated Useful Life
Land⁽¹⁾	$	22,885	$	23,243
Land improvements ⁽¹⁾	23,765		25,209		5 - 20 years
Buildings ⁽¹⁾	146,193		147,220		20 - 30 years
Leasehold improvements	56,106		48,478		5 - 30 years	⁽²⁾
Equipment and furniture	388,413		365,101		3 - 10 years
Aircraft and equipment	39,824		39,293		4 - 10 years
Construction in progress	279		12,411
Finance lease right of use asset ⁽³⁾	355		—
	677,820		660,955
Less accumulated depreciation	404,388		388,481
Property and equipment, net	$	273,432	$	272,474

⁽¹⁾ Excludes assets held for sale in 2019

⁽²⁾Lesser of lease term or estimated useful life

⁽³⁾See Note 3 for details

The change in property and equipment in accrued liabilities was $44 and $14,315 for the fiscal years ended June 30, 2020 and 2019, respectively. The change in property and equipment acquired through capital leases was $355 and $0 for the fiscal years ended June 30, 2020 and 2019, respectively. These amounts were excluded from capital expenditures on the statements of cash flows.

No impairments of property and equipment were recorded in fiscal 2020 or 2019.

At June 30, 2019, the Company had assets held for sale on its consolidated balance sheet related to its Houston, TX, and Elizabethtown, KY, facilities totaling $6,355 (excluded from the above table for fiscal 2019). These assets held for sale were sold during fiscal 2020. At June 30, 2020, the Company had no assets held for sale.

In fiscal 2020, we recorded a gain on disposal of assets of $4,352 included in selling, general, and administrative on the Company's consolidated statement of income and as (gain)/loss on disposal of assets and businesses on the Company's consolidated statement of cash flows. The gain on disposal of assets was related to the sale of the Company's Houston,TX facility.