Property, Plant, and Equipment

6 Months Ended

Dec. 31, 2012

NOTE 4 - Property, Plant, and Equipment

Property, plant and equipment consist of the following:

	December 31, 2012		June 30, 2012		Useful Life in Years
	(in thousands)

Land	$	904	$	904	--
Buildings		8,911		8,911	30 to 40
Molds and dies		6,765		6,748	3 to 5
Furniture and fixtures		2,324		2,317	5 to 10
Machinery and equipment		19,306		19,107	7 to 10
Leasehold improvements		372		372	Shorter of the lease term or life of asset
		38,582		38,359

Less: accumulated depreciation and amortization		31,619		31,112
	$	6,963	$	7,247

Depreciation and amortization expense on property, plant, and equipment was approximately $256,000 and $262,000 for the three months ended December 31, 2012 and 2011, respectively and $507,000 and $520,000 for the six months ended December 31, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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