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Property, Plant and Equipment
 9 Months Ended
Mar. 31, 2017
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment

Note  4.

Property, Plant and Equipment

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

 

 

 

March 31,

 

 

June 30,

 

 

 

2017

 

 

2016

 

Land and improvements

 

$

4,604

 

 

$

4,990

 

Buildings and improvements

 

 

131,542

 

 

 

110,219

 

Machinery and equipment

 

 

448,643

 

 

 

409,551

 

Construction in progress

 

 

97,674

 

 

 

34,602

 

 

 

 

682,463

 

 

 

559,362

 

Less accumulated depreciation

 

 

(346,711

)

 

 

(316,505

)

 

 

$

335,752

 

 

$

242,857

 

 

During the quarter ending March 31, 2017, the Company sold its manufacturing facility located in Newport Ritchey, Florida. The Company received $1.7 million, net of customary closing costs and a $0.3 million reserve held in escrow for environmental purposes. The gain on sale of $0.3 million was recorded in other expense (income), net in the Condensed Consolidated Statement of Earnings.