PROPERTY, PLANT AND EQUIPMENT, NET

6 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, plant and equipment, net consisted of the following:


	December 31, 2023		June 30, 2023
Land	$	11,482	$	11,453
Buildings and improvements	56,364		55,354
Machinery and equipment	322,597		335,912
Computer hardware and software	53,303		54,192
Furniture and fixtures	20,144		20,722
Leasehold improvements	39,785		49,394
Construction in progress	16,919		10,816
	520,594		537,843
Less: Accumulated depreciation	247,143		241,518
	$	273,451	$	296,325

Depreciation expense for the three months ended December 31, 2023 and 2022 was $8,352 and $8,195, respectively. Depreciation expense for the six months ended December 31, 2023 and 2022 was $18,178 and $16,262, respectively.

As a result of a decline in actual and projected performance and cash flows related to an asset group primarily comprised of certain production assets in the North America reportable segment, the Company determined that an interim impairment test of the asset group was required to be performed. The fair value was determined using a discounted cash flow analysis. During the three and six months ended December 31, 2023, the Company recognized a non-cash impairment charge of $20,666 to reduce the carrying value of such long-lived assets to their estimated fair value. Impairment charges were recorded within long-lived asset impairment on the Consolidated Statement of Operations.

During the six months ended December 31, 2022, the Company recognized a non-cash impairment charge of $340 relating to a facility in the United States that was held for sale. During the six months ended December 31, 2023, the Company completed the sale of such facility for total cash proceeds of $1,182, net of brokerage and other fees, resulting in a loss in the amount of $68, which was included as a component of other income, net on the Consolidated Statement of Operations.