Property, Plant, and Equipment

12 Months Ended

Dec. 31, 2013

NOTE 4 - Property, Plant, and Equipment

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

	December 31, 2013		June 30, 2013		Useful Life in Years

Land	$	904	$	904	--
Buildings		8,911		8,911	30 to 40
Molds and dies		6,836		6,794	3 to 5
Furniture and fixtures		2,367		2,328	5 to 10
Machinery and equipment		19,716		19,431	7 to 10
Leasehold improvements		372		372	Shorter of the lease term or life of asset
		39,106		38,740
Less: accumulated depreciation and amortization		32,594		32,154
	$	6,512	$	6,586

Depreciation and amortization expense on property, plant, and equipment was $223,000 and $256,000 for the three months ended December 31, 2013 and 2012, respectively and $440,000 and $507,000 for the six months ended December 31, 2013 and 2012, 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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