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Property and Equipment
 3 Months Ended
Oct. 01, 2017
Property and Equipment  
Property and Equipment

 

 

 

NOTE 5 – Property and Equipment

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciable Life

 

October 1,

 

June 30,

 

 

    

(in years)

    

2017

    

2017

 

Land

 

 

—

 

 

$

1,264

 

$

1,264

 

Building and improvements

 

7

-

40

 

 

18,185

 

 

18,125

 

Machinery and equipment

 

3

-

12

 

 

40,872

 

 

40,715

 

Office furniture and equipment

 

3

-

10

 

 

1,240

 

 

1,280

 

Construction-in-process

 

 

—

 

 

 

2,516

 

 

2,462

 

Assets acquired under capital lease

 

 

 

 

 

 

7,274

 

 

7,235

 

 

 

 

 

 

 

 

71,351

 

 

71,081

 

Accumulated depreciation

 

 

 

 

 

 

(28,168)

 

 

(27,201)

 

Accumulated amortization on capital leases

 

 

 

 

 

 

(2,616)

 

 

(2,350)

 

Property and equipment of discontinued operations

 

 

 

 

 

 

 —

 

 

(181)

 

 

 

 

 

 

 

$

40,567

 

$

41,349

 

 

Depreciation expense totaled $1.7 million and $1.5 million for the three months ended October 1, 2017 and October 2, 2016, respectively.