Property and Equipment

12 Months Ended

Jun. 30, 2013

E. Property and Equipment

Property and equipment consisted of the following at June 30, 2013 and 2012 (in thousands):

	June 30,

	2013			2012
Leasehold improvements	$	26,777		$	25,661
Machinery and equipment		14,741			13,808
Computer hardware and software		4,894			4,168
Furniture and fixtures		1,540			1,315
Assets under construction		814			660

	$	48,766		$	45,612
Less accumulated depreciation		(37,983	)		(33,979	)

Property and equipment, net	$	10,783		$	11,633

Depreciation expense was approximately $4.6 million, $4.6 million and $4.9 million for the years ended June 30, 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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