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Property, Plant and Equipment, net
9 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, net Property, Plant and Equipment, net
Property, plant and equipment, net consisted of the following:
 As of March 31, 2025As of June 30, 2024
Land$4,716 $4,890 
Building and leasehold improvements171,650 170,958 
Machinery and equipment141,590 118,123 
Furniture and fixtures16,083 15,466 
Construction in process30,805 43,511 
364,844 352,948 
Less: Accumulated depreciation(127,445)(108,347)
Property, plant and equipment, net$237,399 $244,601 

Included within the current asset section of our condensed consolidated balance sheet at March 31, 2025 is an amount classified as assets held for sale totaling $3.1 million. The assets held for sale consist of the land and building from the former Malibu Electronics (included within the Malibu segment) manufacturing building located in Alexander City, Alabama. The Company no longer has a use for this building as the current Malibu Electronics manufacturing building is now located in Loudon, Tennessee. The assets meet the criteria for classification as held for sale as the Company has committed to a plan to sell the assets and they are available for immediate sale in their present obligation and expected to sell within 12 months.
Depreciation expense was $8,201 and $6,544 for the three months ended March 31, 2025 and 2024, respectively, and $23,399 and $19,211 for the nine months ended March 31, 2025 and March 31, 2024, respectively, substantially all of which was recorded in cost of sales.