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Property, Plant and Equipment, net
6 Months Ended
Dec. 31, 2016
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment, net

Note 5 – Property, Plant and Equipment, net

Property, plant and equipment, net consisted of the following:

 

 

 

Estimated

Useful Lives

(in Years)

 

December 31, 2016

 

 

June 30, 2016

 

Land

 

 

 

$

9,274

 

 

$

9,504

 

Buildings and improvements

 

1-50

 

 

265,829

 

 

 

269,619

 

Machinery and equipment

 

3-20

 

 

1,355,527

 

 

 

1,341,816

 

Furniture and fixtures

 

3-10

 

 

28,882

 

 

 

28,251

 

Property, plant and equipment, gross

 

 

 

 

1,659,512

 

 

 

1,649,190

 

Less accumulated depreciation and amortization

 

 

 

 

(1,080,473

)

 

 

(1,055,900

)

Property, plant and equipment, net

 

 

 

$

579,039

 

 

$

593,290

 

 

Depreciation expense for the three months ended December 31, 2016 and 2015 was $37.4 million and $35.0 million, respectively, and was $73.1 million and $70.8 million for the six months ended December 31, 2016 and 2015, respectively.