Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Property, Plant and Equipment

The following useful lives are used: 

Buildings and facilities	10 to 30 years
Machinery and equipment	3 to 15 years
Equipment under finance leases	Shorter of term of lease or estimated useful life
Office furniture and equipment	5 to 7 years
Capitalized software	3 to 5 years

	As of June 30,
(In thousands)	2021		2020
Buildings and facilities (1)	$	94,846	$	98,293
Machinery and equipment (2)	223,579		240,431
Capitalized software (3)	24,218		29,765
Office furniture and equipment	13,834		14,042
	$	356,477	$	382,531
Accumulated depreciation	(218,341)		(229,829)
Land (1)	11,955		12,931
Property, plant and equipment, net	$	150,091	$	165,633

Capitalized CBE included in machinery and equipment above are:

	As of June 30,
(In thousands)	2021		2020
Coffee Brewing Equipment (1)	$	97,105	$	98,734
Accumulated depreciation	(70,705)		(67,800)
Coffee Brewing Equipment, net	$	26,400	$	30,934

__________

(1) Decrease as of June 30, 2021 is due to retirement of assets and lower investment on new equipment since we have focused on refurbished equipment which has a lower cost per unit.

Depreciation expense related to capitalized CBE and other CBE related expenses (excluding CBE depreciation) provided to customers and reported in cost of goods sold were as follows:

	For the Years Ended June 30,
(In thousands)	2021		2020		2019
Depreciation expense	$	8,988	$	9,572	$	9,109
Other CBE expenses	$	23,363	$	27,906	$	33,855