Property, Plant and Equipment

12 Months Ended

Jun. 30, 2014

Note 5. Property, Plant and Equipment

Property, plant and equipment at June 30, 2014 and 2013 consisted of the following:

(In thousands)	Useful Lives	June 30, 2014			June 30, 2013
Land	—	$	4,641		$	1,350
Building and improvements	10 - 39 years	42,013			32,992
Machinery and equipment	5 - 10 years	37,678			32,620
Furniture and fixtures	5 - 7 years	1,416			1,290
Construction in progress	—	11,454			2,892
Property, plant and equipment, gross		97,202			71,144
Less accumulated depreciation		(35,498		)	(31,003		)
Property, plant and equipment, net		$	61,704		$	40,141

During the fiscal years ended June 30, 2014, 2013 and 2012, the Company had no impairment charges. Property, plant and equipment, net included amounts held in foreign countries in the amount of $1.1 million and $1.3 million at June 30, 2014 and 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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