XML 26 R15.htm IDEA: XBRL DOCUMENT v3.4.0.3
Property, Plant and Equipment
 9 Months Ended
Mar. 31, 2016
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment

Note  6.

Property, Plant and Equipment

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

 

 

 

March 31,

 

 

June 30,

 

 

 

2016

 

 

2015

 

Land and improvements

 

$

5,038

 

 

$

4,566

 

Buildings and improvements

 

 

100,300

 

 

 

91,171

 

Machinery and equipment

 

 

422,572

 

 

 

366,560

 

Construction in progress

 

 

31,458

 

 

 

17,749

 

 

 

 

559,368

 

 

 

480,046

 

Less accumulated depreciation

 

 

(306,226

)

 

 

(276,234

)

 

 

$

253,142

 

 

$

203,812

 

During the quarter ended March 31, 2016, the Company’s one year timeframe to sell its manufacturing facility in New Port Ritchey, Florida under U.S. GAAP accounting for assets held for sale expired. The Company reclassified the carrying value of the land and building of approximately $1.2 million from Prepaid and other current assets to Property, plant and equipment in the Condensed Consolidated Balance Sheet at March 31, 2016. The Company cumulatively adjusted suspended depreciation for the period in which the asset was classified as held for sale. The depreciation adjustment was insignificant.