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Property, Plant & Equipment, Net
12 Months Ended
Jun. 30, 2012
Property, Plant & Equipment, Net

Note 5 – Property, Plant & Equipment, net

At June 30, 2012 and 2011, property, plant and equipment from continuing operations consisted of the following:

 

     Estimated
Useful Lives
(in Years)
   June 30,  
      2012     2011  

Land

      $ 8,046      $ 11,974   

Buildings and improvements

   1-50      254,563        280,053   

Machinery and equipment

   3-20      1,002,539        1,050,892   

Furniture and fixtures

   3-10      29,423        30,769   
     

 

 

   

 

 

 

Property, plant and equipment, gross

        1,294,571        1,373,688   

Less accumulated depreciation and amortization

        (864,337     (903,388
     

 

 

   

 

 

 

Property, plant and equipment, net

      $ 430,234      $ 470,300   
     

 

 

   

 

 

 

Depreciation expense for the fiscal years ended June 30, 2012, 2011 and 2010 was $110.1 million, $115.5 million and $127.7 million, respectively.