Note C - Property and Equipment

6 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

C. Property and Equipment

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

	Depreciable Life In Years			December 31, 2022			June 30, 2022
Land	NA			$	7,645		$	7,645
Building and building improvements	7	–	39		25,424			17,415
Machinery and equipment	3	–	12		41,443			40,131
Office equipment and furniture	3	–	5		6,161			5,970
Vehicles		3			254			211
Leasehold improvements	1	–	15		22,346			21,626
Total property and equipment					103,273			92,998
Less: accumulated depreciation and amortization					(49,104	)		(48,425	)
Property and equipment, net				$	54,169		$	44,573

Depreciation expense was approximately $1.1 million and $2.0 million for the three and six month periods ended  December 31, 2022, respectively. Depreciation expense was approximately $1.1 million and $2.2 million for the three and six month periods ended  December 31, 2021, respectively. Construction in progress is included in the building and building improvements line.