XML 27 R12.htm IDEA: XBRL DOCUMENT v3.22.2.2
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, 2022 and 2021:
June 30,
2022		June 30,
2021
(In thousands)
Property, plant and equipment - at cost:
Land and buildings$34,788 $41,633 
Construction equipment93,036 94,453 
Transportation equipment48,999 50,510 
Office equipment and software43,823 42,706 
Construction in progress1,646 493 
Total property, plant and equipment - at cost222,292 229,795 
Accumulated depreciation(168,423)(160,388)
Property, plant and equipment - net$53,869 $69,407 
Geographical Disaggregation of Long-Lived Assets
 Long-Lived Assets
 June 30,
2022		June 30,
2021		June 30,
2020
 (In thousands)
United States$137,682 $157,442 $164,056 
Canada3,436 6,523 5,659 
Other international12,263 12,372 12,435 
$153,381 $176,337 $182,150 
Sale-leaseback Transaction
We sold our regional office and fabrication and warehouse facilities located in Orange, California during the fourth quarter of fiscal 2022 for net proceeds of $37.4 million in cash. We recorded a gain of $32.4 million on the sale, which is included in other income in the Consolidated Statements of Income. In connection with the sale, we also entered into a leaseback agreement for a period up to 24 months while we locate replacement facilities. We are still fully committed to our operations in Southern California - we decided to enter into the sale and leaseback transaction to take advantage of the elevated real estate market valuations in Southern California.