Property, Plant and Equipment

6 Months Ended

Dec. 31, 2014

NOTE 4 – Property, Plant and Equipment

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

	December		June 30,
	31, 2014		2014		Useful Life in Years

Land	$	904	$	904	—
Buildings		8,911		8,911	30 to 40
Molds and dies		6,957		6,906	3 to 5
Furniture and fixtures		2,451		2,427	5 to 10
Machinery and equipment		20,100		19,974	7 to 10
Leasehold improvements		288		288	Shorter of the lease term or life of asset
		39,611		39,410
Less: accumulated depreciation and amortization		33,305		33,016
	$	6,306	$	6,394

Depreciation and amortization expense on property, plant, and equipment was $210,000 and $223,000 for the three months ended December 31, 2014 and 2013, respectively and $412,000 and $440,000 for the six months ended December 31, 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.

+ References+ Details