FURNITURE, EQUIPMENT AND SOFTWARE

12 Months Ended

Jun. 30, 2012

Property, Plant and Equipment [Abstract]

A summary of the cost and accumulated depreciation for furniture, equipment and software is as follows:



(Dollars in thousands)	2012			2011
Leasehold improvements	$	528		$	92
Furniture and fixtures	1,473			1,250
Computer hardware and equipment	3,112			2,154
Software	2,365			1,411
Total	7,478			4,907
Less accumulated depreciation and amortization	(3,070		)	(1,754		)
Furniture, equipment and software — net	$	4,408		$	3,153

Depreciation and amortization expense for the years ended June 30, 2012, 2011 and 2010 amounted to $1,316, $618, and $235, respectively.

- Definition

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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