Property and Equipment

6 Months Ended

Dec. 31, 2011

C. Property and Equipment

Property and equipment consisted of the following (dollars in thousands):


	Depreciable Life In Years		December 31, 2011		June 30, 2011
Land		N/A	$	393	$	393
Building and building improvements		7 – 39		2,755		2,755
Machinery and equipment		3 – 12		26,127		26,130
Office equipment and furniture		3 – 5		3,089		3,014
Vehicles		3		136		136
Leasehold improvements		1 – 15		10,088		10,083

Total property and equipment				42,588		42,511
Less: accumulated depreciation and amortization				(31,762)		(31,100)

Property and equipment, net			$	10,826	$	11,411

- 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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