Property and Equipment

12 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

Property and equipment, net consisted of the following:



	As of June 30, 2014			As of June 30, 2013
Land	$	254		$	254
Leasehold improvements	2,039			1,604
Machinery and equipment	11,257			7,320
Furniture and fixtures	1,544			1,379
Construction in process	2,987			1,683
	18,081			12,240
Less accumulated depreciation	(7,118		)	(5,592		)
	$	10,963		$	6,648

Depreciation expense was $1,600, $1,090 and $895 for the fiscal years ended June 30, 2014, 2013 and 2012, respectively, substantially all of which was recorded in cost of goods sold.

Sale-Leaseback Transaction

In March 2008, the Company sold its two primary manufacturing and office facilities for a total of $18,250, which resulted in a gain of $726. Expenses incurred related to the sale were $523. Simultaneous with the sale, the Company entered into an agreement to lease back the buildings for an initial term of 20 years. The net gain on this transaction of $203 has been deferred and is being amortized over the initial lease term. For each of the fiscal years ended June 30, 2014, 2013 and 2012, $11 of the realized gain was recognized.

- 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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