Property, Plant and Equipment

9 Months Ended

Mar. 31, 2015

Property Plant And Equipment [Abstract]

Note 6.

Property, Plant and Equipment

Property, plant and equipment consists of the following ($000):

	March 31,			June 30,
	2015			2014
Land and land improvements	$	2,407		$	2,381
Buildings and improvements		91,424			96,551
Machinery and equipment		354,862			335,408
Construction in progress		20,320			16,990
		469,013			451,330
Less accumulated depreciation		(266,940	)		(242,391	)
	$	202,073		$	208,939

During the quarter ended March 31, 2015, as part of the Company’s ongoing restructuring of its military related businesses in the Performance Products segment, the Company implemented a plan to sell one of its manufacturing facilities located in New Port Richey, Florida. The Company anticipates completing the sale within the next twelve months, has reclassified the carrying value of the land and building of approximately $1.2 million as assets held for sale and has included the carrying value in Prepaid and other current assets in the Condensed Consolidated Balance Sheets at March 31, 2015.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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