Property and Equipment

12 Months Ended

Jun. 30, 2015

Property and Equipment

Property and Equipment

D.    Property and Equipment

        Property and equipment consisted of the following at June 30, 2015 and 2014 (in thousands):

	June 30,
	2015			2014
Leasehold improvements	$	32,355		$	28,464
Machinery and equipment		18,398			16,724
Computer hardware and software		6,897			5,846
Furniture and fixtures		3,290			1,876
Assets under construction		2,361			3,688
	$	63,301		$	56,598
Less accumulated depreciation		(47,047	)		(42,249	)
Property and equipment, net	$	16,254		$	14,349

        Depreciation expense was approximately $5.5 million for the year ended June 30, 2015 and $4.6 million for each of the years ended June 30, 2014 and 2013. Included in the table above, the Company's investment in equipment under capital leases was $724,000, net of accumulated amortization of $190,000, at June 30, 2015 and $574,000, net of accumulated amortization of $50,000, at June 30, 2014.