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PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Jun. 30, 2012
Property, Plant and Equipment Disclosure [Text Block]

NOTE 8: PROPERTY, PLANT AND EQUIPMENT


At June 30, 2012 and 2011, property, plant and equipment, at cost, were as follows:


 

 

 

 

 

 

 

 

 

   

 

 

 

 

 

 

Estimated Useful Life (Years)

 

 

June 30, 2012

 

June 30, 2011

 

Minimum

Maximum

 

 

 


 


 




 

 

 

 

 

 

 

 

 

 

 

Land and improvements

 

$

4,030

 

$

2,930

 

 

 

Building and improvements

 

 

24,228

 

 

21,265

 

15

40

 

Machinery, equipment and office furniture

 

 

58,259

 

 

58,157

 

3

8

 

Leasehold improvements

 

 

964

 

 

989

 

1

5

 

Construction in progress

 

 

1,625

 

 

357

 

 

 

 

 



 



 

 

 

 

 

 

 

89,106

 

 

83,698

 

 

 

 

Less accumulated depreciation

 

 

(55,412

)

 

(53,503

)

 

 

 

 

 



 



 

 

 

 

 

 

$

33,694

 

$

30,195

 

 

 

 

 

 



 



 

 

 

 


Depreciation expense for the fiscal years ended June 30, 2012, 2011 and 2010 was $4,864, $5,363 and $5,318, respectively. In fiscal 2011, due to our historical operating results, we utilized a future discounted cash flow model over five years to assess the net realizable value of our property, plant and equipment related to the vision systems product line and recorded an impairment charge of $563 in selling, general and administrative expenses in our Metrology Solutions segment.