Note C - Property and Equipment

6 Months Ended

Dec. 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	December 31,			June 30,
	In Years	2023			2023
Land	NA	$	8,941		$	8,940
Building and building improvements	7 – 39		25,147			24,712
Machinery and equipment	3 – 12		42,112			41,460
Office equipment and furniture	3 – 5		6,664			6,522
Vehicles	3		227			227
Leasehold improvements	1 – 15		23,118			22,641
Total property and equipment			106,209			104,502
Less: accumulated depreciation and amortization			(53,002	)		(50,661	)
Property and equipment, net		$	53,207		$	53,841

Depreciation and amortization expense was approximately $1.2 million during the three months ended  December 31, 2023, and $2.3 million during the six months ended December 31, 2023. Depreciation expense was approximately $1.1 million during the three months ended December 31, 2022, and $2.0 million during the six months ended December 31, 2022. Construction in progress is included in the building and building improvements line.