Note C - Property and Equipment

12 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

C. Property and Equipment

Property and equipment consisted of the following at June 30 (dollars in thousands):

	Depreciable Life In Years			2022			2021
Land		NA		$	7,645		$	1,200
Building and building improvements	7	–	39		17,415			3,757
Machinery and equipment	3	–	12		40,131			35,458
Office equipment and furniture	3	–	5		5,970			5,712
Vehicles		3			211			255
Leasehold improvements	1	–	15		21,626			20,236
Total property and equipment					92,998			66,618
Less: accumulated depreciation and amortization					(48,425	)		(44,347	)
Property and equipment, net				$	44,573		$	22,271

Depreciation expense was approximately $4.2 million in fiscal 2022 and $4.3 million in fiscal 2021.