Property, Plant and Equipment

3 Months Ended

Sep. 30, 2015

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

Note  5. Property, Plant and Equipment

Property, plant and equipment consists of the following ($000):

	September 30,			June 30,
	2015			2015
Land and land improvements	$	4,568		$	4,566
Buildings and improvements		91,060			91,171
Machinery and equipment		366,827			366,560
Construction in progress		22,164			17,749
		484,619			480,046
Less accumulated depreciation		(283,618	)		(276,234	)
	$	201,001		$	203,812

During fiscal year 2015, as part of the Company’s restructuring of its military related businesses in the Performance Products segment, the Company implemented a plan to sell one of its manufacturing facilities located in New Port Richey, Florida. The Company anticipates completing the sale within twelve months, has reclassified the carrying value of the land and building of approximately $1.2 million as assets held for sale and has included the carrying value in Prepaid and other current assets in the Condensed Consolidated Balance Sheets for the periods presented.