Note 10. Assets Held for Sale

6 Months Ended

Dec. 31, 2013

Assets Held for Sale [Abstract]

Disclosure of Long Lived Assets Held-for-sale

Assets Held for Sale

At December 31, 2013, in thousands, assets totaling $1,121 were classified as held for sale and consisted of an idle Furniture segment manufacturing facility and land located in Jasper, Indiana. An underutilized aircraft totaling, in thousands, $1,525 was classified as held for sale during the first quarter of fiscal year 2014, and was subsequently sold during the second quarter of 2014. Also during the first quarter of fiscal year 2014, an EMS segment facility and land in Gaylord, Michigan was sold. During the six months ended December 31, 2013, we recognized pre-tax losses, in thousands, of $1,198 for impairment on the aircraft and $311 related to the sale of the Gaylord, Michigan facility and land. The pre-tax impairment loss on the aircraft was recorded on the Selling and Administrative Expenses line of the Condensed Consolidated Statements of Income and the pre-tax loss on the sale of the Gaylord, Michigan facility and land was recognized in the Restructuring Expense line of the Condensed Consolidated Statements of Income. The loss on sale of the Gaylord, Michigan facility and land and the impairment loss on the aircraft were both 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.