XML 26 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
Property and Equipment
 12 Months Ended
Jun. 30, 2018
Property and Equipment  
Property and Equipment

NOTE 5 – Property and Equipment

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciable Life

 

June 30,

 

June 30,

 

 

    

(in years)

    

2018

    

2017

 

Land

 

 

—

 

 

$

1,264

 

$

1,264

 

Building and improvements

 

7

-

40

 

 

18,188

 

 

18,125

 

Machinery and equipment

 

3

-

12

 

 

43,972

 

 

40,715

 

Office furniture and equipment

 

3

-

10

 

 

1,267

 

 

1,280

 

Construction-in-process

 

 

—

 

 

 

3,947

 

 

2,462

 

Assets acquired under capital lease

 

 

 

 

 

 

7,275

 

 

7,235

 

 

 

 

 

 

 

 

75,913

 

 

71,081

 

Accumulated depreciation

 

 

 

 

 

 

(32,560)

 

 

(27,201)

 

Accumulated amortization on capital leases

 

 

 

 

 

 

(3,373)

 

 

(2,350)

 

Property and equipment of discontinued operations

 

 

 

 

 

 

 —

 

 

(181)

 

 

 

 

 

 

 

$

39,980

 

$

41,349

 

 

Depreciation expense totaled $6.8 million and $6.6 million in the years ended June 30, 2018 and 2017, respectively.