Note C - Property and Equipment

9 Months Ended

Mar. 31, 2024

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	March 31,			June 30,
	In Years	2024			2023
Land	NA	$	8,941		$	8,940
Building and building improvements	7 – 39		25,251			24,712
Machinery and equipment	3 – 12		42,318			41,460
Office equipment and furniture	3 – 5		6,616			6,522
Vehicles	3		227			227
Leasehold improvements	1 – 15		23,133			22,641
Total property and equipment			106,486			104,502
Less: accumulated depreciation and amortization			(54,102	)		(50,661	)
Property and equipment, net		$	52,384		$	53,841

Depreciation and amortization expense was approximately $1.1 million during the three months ended  March 31, 2024, and $3.4 million during the nine months ended March 31, 2024. Depreciation expense was approximately $1.0 million during the three months ended March 31, 2023, and $3.1 million during the nine months ended March 31, 2023. Construction in progress is included in the building and building improvements line.