Note C - Property and Equipment

12 Months Ended

Jun. 30, 2023

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	2023			2022
Land	NA	$	8,940		$	7,645
Building and building improvements	7 – 39		24,712			17,415
Machinery and equipment	3 – 12		41,460			40,131
Office equipment and furniture	3 – 5		6,522			5,970
Vehicles	3		227			211
Leasehold improvements	1 – 20		22,641			21,626
Total property and equipment			104,502			92,998
Less: accumulated depreciation and amortization			(50,661	)		(48,425	)
Property and equipment, net		$	53,841		$	44,573

Depreciation expense was approximately $4.3 million in fiscal 2023 and $4.2 million in fiscal 2022.