XML 26 R11.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Property, Plant, and Equipment | 12 Months Ended
--- | ---
Jun. 30, 2018
Property, Plant and Equipment [Abstract] |
Property, Plant, and Equipment | Property, Plant, and Equipment Property, plant, and equipment acquired outside of acquisition are stated at cost. When property, plant, and equipment is retired or otherwise disposed of, the related cost and accumulated depreciation is removed from the accounts and any resulting gain or loss is accounted for in the statement of operations and comprehensive income. Major additions are capitalized; maintenance, repairs and minor improvements are charged to operating expenses as incurred if they do not increase the life or productivity of the related capitalized asset. Depreciation on leasehold improvements is computed using the straight-line method based on the lesser of the remaining lease term or the estimated useful life and depreciation of equipment is computed using the straight-line method over the estimated useful life as follows:
|  | Years
Building |  | 20
Leasehold improvements |  | Shorter of useful life or lease term
Machinery and equipment |  | 3-5
Furniture and fixtures |  | 3-5
The Company accounts for the impairment and disposition of long-lived assets in accordance with ASC Topic 360, Property, Plant, and Equipment. In accordance with ASC Topic 360, long-lived assets to be held are reviewed for events or changes in circumstances that indicate that their carrying value may not be recoverable. The Company periodically reviews for indicators and, if indicators are present, tests the carrying value of long-lived assets, assessing their net realizable values based on estimated undiscounted cash flows over their remaining estimated useful lives. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is measured as the amount by which the carrying amount of the asset exceeds the fair value of the asset, based on discounted cash flows. No impairment charges were recorded for the fiscal years ended June 30, 2018, 2017 and 2016 in the Company’s consolidated financial statement. Property, plant, and equipment, net consisted of the following:
|  | As of June 30,
|  | 2018 |  | 2017
Land |  | $ | 634 |  |  | $ | 367 |
Building and leasehold improvements |  | 20,110 |  |  | 11,009 |
Machinery and equipment |  | 32,471 |  |  | 22,844 |
Furniture and fixtures |  | 4,667 |  |  | 3,536 |
Construction in process |  | 5,636 |  |  | 3,646 |
|  | 63,518 |  |  | 41,402 |
Less accumulated depreciation |  | (22,673 | ) |  | (17,279 | )
|  | $ | 40,845 |  |  | $ | 24,123 |
During the first quarter of fiscal 2018, the Company disposed of various molds for models not currently in production with historical cost of $2,122 and a zero net book value. Depreciation expense was $7,656, $4,550 and $3,339 for the fiscal years ended June 30, 2018, 2017 and 2016, respectively, substantially all of which was recorded in cost of sales. 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 the fiscal years ended June 30, 2018, 2017 and 2016, the realized gain recognized was $10, $10, and $10, respectively.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration