Note C - Property and Equipment

9 Months Ended

Mar. 31, 2023

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			March 31, 2023			June 30, 2022
Land	NA			$	7,645		$	7,645
Building and building improvements	7	–	39		25,817			17,415
Machinery and equipment	3	–	12		41,715			40,131
Office equipment and furniture	3	–	5		6,288			5,970
Vehicles		3			265			211
Leasehold improvements	1	–	15		22,540			21,626
Total property and equipment					104,270			92,998
Less: accumulated depreciation and amortization					(49,513	)		(48,425	)
Property and equipment, net				$	54,757		$	44,573

Depreciation expense was approximately $1.0 million during the three months ended March 31, 2023 and $3.1 million for the nine months ended March 31, 2023. Depreciation expense was approximately $1.2 million during the three months ended March 31, 2022 and $3.3 million for the nine months ended March 31, 2022. Construction in progress is included in the building and building improvements line.