XML 47 R11.htm IDEA: XBRL DOCUMENT

Property and Equipment

12 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

(5) Property and Equipment

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


	June 30,
	2013		2012
Flight Assets	$	44,757	$	44,757
Payload Processing Facilities		45,866		44,766
Furniture, Fixtures, Equipment & Leasehold Improvements		19,973		18,335
Capital Improvements in Progress		39		930
Gross Property and Equipment		110,635		108,788
Accumulated Depreciation		(73,600)		(71,518)
Property and Equipment, net	$	37,035	$	37,270

Depreciation and amortization expense of property and equipment for the years ended June 30, 2013 and 2012 was $2.1 million and $2.2 million, respectively. In the year ended June 30, 2012, the Company evaluated the future use of two historical SPACEHAB modules. Due to the retirement of the space shuttle program in the United States and the lack of alternative uses which could potentially generate cash flow, the Company recorded a non-cash impairment of $0.2 million for the two SPACEHAB modules as the full aggregate carrying amount was deemed no longer recoverable.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details