Property, Plant and Equipment

9 Months Ended

Mar. 31, 2020

Property, Plant and Equipment

Property, Plant and Equipment

NOTE 5 – Property, Plant and Equipment

Property, plant and equipment consist of the following (in thousands):

	March 31,		June 30,
	2020		2019		Useful Life in Years
Land	$	904	$	904	—
Buildings		8,911		8,911	30 to 40
Molds and dies		7,337		7,333	3 to 5
Furniture and fixtures		2,789		2,691	5 to 10
Machinery and equipment		24,588		23,915	7 to 10
Leasehold improvements		2,173		1,625	Shorter of the lease term or life of asset
		46,702		45,379
Less: accumulated depreciation and amortization		(38,597)		(37,685)
	$	8,105	$	7,694

Depreciation and amortization expense on property, plant, and equipment was approximately $306,000 and $281,000 for the three months ended March 31, 2020 and 2019, respectively. Depreciation and amortization expense on property, plant, and equipment was approximately $912,000 and $787,000 for the nine months ended March 31, 2020 and 2019, respectively.