Note 10. Assets Held for Sale

3 Months Ended

Sep. 30, 2013

Assets Held for Sale [Abstract]

Disclosure of Long Lived Assets Held-for-sale

Assets Held for Sale

At September 30, 2013, in thousands, assets totaling $2,646 were classified as held for sale and consisted of $1,121 for an idle Furniture segment manufacturing facility and land located in Jasper, Indiana, and $1,525 for an underutilized aircraft which was reported as an unallocated corporate asset for segment reporting purposes. Due to a reduction in the market value of the aircraft, a pre-tax impairment loss, in thousands, of $1,198 was recorded on the Selling and Administrative Expenses line of the Condensed Consolidated Statements of Income during the first quarter of fiscal year 2014. Also during the first quarter of fiscal year 2014, the Gaylord, Michigan EMS segment facility and land was sold and a pre-tax loss on the sale was recognized, in thousands, of $311 which was included in the Restructuring Expense line of the Condensed Consolidated Statements of Income. The loss on the Gaylord, Michigan facility and land was reported in unallocated corporate for segment reporting purposes.

At June 30, 2013, in thousands, assets totaling $1,521 were classified as held for sale and consisted of $400 for the facility and land related to the Gaylord, Michigan exited operation and $1,121 for the idle Furniture segment manufacturing facility and land located in Jasper, Indiana. The Gaylord, Michigan facility and land were reported as unallocated corporate assets for segment reporting purposes.