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Property and Equipment

12 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

(5) Property and Equipment

As of June 30, 2014 and 2013, property and equipment consisted of the following (in thousands):

	June 30,
	2014			2013
Flight Assets	$	44,757		$	44,757
Payload Processing Facilities		45,866			45,866
Furniture, Fixtures, Equipment & Leasehold Improvements		20,376			19,973
Capital Improvements in Progress		3			39
Gross Property and Equipment		111,002			110,635
Accumulated Depreciation		(75,933	)		(73,600	)
Property and Equipment, net	$	35,069		$	37,035

Depreciation and amortization expense of property and equipment for the years ended June 30, 2014 and 2013 was $2.3 million and $2.1 million, respectively.

- 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.

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