Property, Plant, and Equipment

12 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure

Property, Plant and Equipment

The following table presents the components of our property, plant and equipment - net at June 30, 2023 and 2022:

	June 30, 2023		June 30, 2022
	(In thousands)
Property, plant and equipment - at cost:
Land and buildings	$	37,263	$	34,788
Construction equipment	84,258		93,036
Transportation equipment	40,606		48,999
Office equipment and software	38,178		43,823
Construction in progress	84		1,646
Total property, plant and equipment - at cost	200,389		222,292
Accumulated depreciation	(152,844)		(168,423)
Property, plant and equipment - net	$	47,545	$	53,869

Geographical Disaggregation of Long-Lived Assets

	Long-Lived Assets
	June 30, 2023		June 30, 2022		June 30, 2021
	(In thousands)
United States	$	122,398	$	137,682	$	157,442
Canada	3,988		3,436		6,523
Other international	11,862		12,263		12,372
	$	138,248	$	153,381	$	176,337

Industrial Cleaning Disposal

We sold our industrial cleaning business during the fourth quarter of fiscal 2023 for net proceeds of $6.3 million in cash and a $0.4 million receivable for amounts to be paid upon satisfactory transfer of title of certain vehicles and equipment sold. The sale resulted in a $2.9 million gain, which was included in Other in the Consolidated Statements of Income. The industrial cleaning business was included in our Process and Industrial Facilities segment and was disposed of because its operations were no longer core to our growth strategy.

Sale-leaseback Transaction

Even though we are fully committed to our operations in southern California, we took advantage of elevated real estate prices and sold our regional office and fabrication and warehouse facilities located in Orange, California during fiscal 2022 for net proceeds of $37.4 million in cash and recorded a gain of $32.4 million on the sale. In connection with the sale, we also entered into a leaseback agreement for a period up to 24 months while we locate replacement facilities.

Burlington Office Disposal - Subsequent Event

During the first quarter of fiscal 2024, we sold a regional office facility in Burlington, Ontario for $2.9 million in cash, which resulted in a gain of approximately $2.7 million. During the second quarter of fiscal 2023, we closed this underperforming office and ceased its associated operations