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Property and Equipment
3 Months Ended
Oct. 02, 2016
Property and Equipment  
Property and Equipment

 

 

 

NOTE 5 – Property and Equipment

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciable Life

 

October 2,

 

June 30,

 

 

    

(in years)

    

2016

    

2016

 

Land

 

 

 

 

$

1,264

 

$

1,264

 

Building and improvements

 

7

-

40

 

 

17,411

 

 

17,460

 

Machinery and equipment

 

3

-

12

 

 

39,283

 

 

39,350

 

Office furniture and equipment

 

3

-

10

 

 

1,085

 

 

1,050

 

Construction-in-process

 

 

 

 

 

1,886

 

 

1,838

 

Assets acquired under capital lease

 

 

 

 

 

 

5,446

 

 

5,482

 

 

 

 

 

 

 

 

66,375

 

 

66,444

 

Accumulated depreciation

 

 

 

 

 

 

(23,224)

 

 

(23,018)

 

Accumulated amortization on capital leases

 

 

 

 

 

 

(1,590)

 

 

(1,445)

 

Property and equipment of discontinued operations

 

 

 

 

 

 

 —

 

 

(153)

 

 

 

 

 

 

 

$

41,561

 

$

41,828

 

 

Depreciation expense totaled $1.5 million for the three months ended October 2, 2016 and September 27, 2015.