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Property, Plant and Equipment
6 Months Ended
Dec. 31, 2012
Property, Plant and Equipment Disclosure [Text Block]

Note 10: Property, Plant and Equipment


Property, plant and equipment are stated at cost less impairments. Maintenance and repairs are charged to expense as incurred. Management evaluates, on an ongoing basis, the carrying value of property, plant and equipment and makes adjustments when impairments are identified. Depreciation is based on the estimated useful lives of the various classes of assets and is computed using the straight-line method. The following table sets forth the components of property, plant and equipment at December 31, 2012 and June 30, 2012:


 

 

December 31,
2012

 

June 30,
2012

 

Estimated Useful Life
(Years)

 

 

 

 

 

 

 

 Min Max

 

Land and improvements

 

$

4,030

 

$

4,030

 

 

 

 

Building and improvements

 

 

24,547

 

 

24,228

 

 15

40

 

Machinery, equipment and office furniture

 

 

60,325

 

 

58,259

 

 3

8

 

Leasehold improvements

 

 

1,074

 

 

964

 

 1

5

 

Construction in progress

 

 

1,857

 

 

1,625

 

 

 

 

 

 

   

 

   

 

 

 

 

 

 

 

91,833

 

 

89,106

 

 

 

 

Accumulated depreciation

 

 

(57,518

)

 

(55,412

)

 

 

 

 

 

   

 

   

 

 

 

 

 

 

$

34,315

 

$

33,694

 

 

 

 

 

 

   

 

   

 

 

 

 


Depreciation expense was $1,169 and $1,259 for the three months ended December 31, 2012 and 2011, respectively, and $2,344 and $2,502 for the six months ended December 31, 2012 and 2011, respectively.