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Property and Equipment
 9 Months Ended
Mar. 27, 2016
Property and Equipment  
Property and Equipment

 

 

 

NOTE 4 – Property and Equipment

 

Property and equipment consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciable Life

 

March 27,

 

June 30,

 

 

    

(in years)

    

2016

    

2015

 

Land

 

 

—

 

 

$
1,264

 

$
1,264

 

Building and improvements

 

7

-

40

 

 
17,450

 

 
17,422

 

Machinery and equipment

 

3

-

12

 

 
38,288

 

 
35,672

 

Office furniture and equipment

 

3

-

10

 

 
871

 

 
931

 

Construction-in-process

 

 

—

 

 

 
1,114

 

 
1,934

 

Assets acquired under capital lease

 

 

 

 

 

 
5,039

 

 
5,139

 

 

 

 

 

 

 

 
64,026

 

 
62,362

 

Less: Accumulated depreciation

 

 

 

 

 

 
(21,756)

 

 
(17,827)

 

Less: Accumulated amortization on capital leases

 

 

 

 

 

 
(1,236)

 

 
(722)

 

 

 

 

 

 

 

$
41,034

 

$
43,813

 

 

Depreciation expense totaled $1.6 million and $1.5 million for the three months ended March 27, 2016 and March 29, 2015, respectively, and $4.6 million and $4.5 million for the nine months ended March 27, 2016 and March 29, 2015, respectively.