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Property and Equipment

6 Months Ended

Dec. 31, 2011

Property and Equipment [Abstract]

Property and Equipment

7.	Property and Equipment

The components of property and equipment are as follows (in thousands).


		December 31, 2011				June 30,
		December 31, 2011				2011				2010
Furniture and equipment		$	9,275			$	7,949			$	7,693
Leasehold improvements			3,138				2,961				2,879
Capitalized leases			826				826				826
Aircraft			190				190				190

			13,429				11,926				11,588
Less: Accumulated depreciation			(10,114	)			(9,393	)			(8,064	)

Property and equipment, net		$	3,315			$	2,533			$	3,524

Depreciation and amortization expense related to property and equipment was $0.8 million, $1.6 million, $2.0 million and $1.9 million for the six months ended December 31, 2011 and the years ended June 30, 2011, 2010 and 2009, respectively. Included within the furniture and equipment and leasehold improvements categories at December 31, 2011 above are capitalized assets totaling $0.6 million not yet in service. These assets are related to the Company’s strategic refurbishment of retail stores and development of the expanded consumer-based website.

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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