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Property, Technology, and Equipment
 9 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
Property, Technology, and Equipment

NOTE 6 – PROPERTY, TECHNOLOGY, AND EQUIPMENT

 

 

 

 

March 31,

 

 

June 30,

 

(In thousands)

Useful Life

 

2022

 

 

2021

 

Computer software

3 - 5 years

 

$

26,084

 

 

$

23,967

 

Trailers and related equipment

3 - 15 years

 

 

6,716

 

 

 

6,902

 

Office and warehouse equipment

3 - 15 years

 

 

10,438

 

 

 

8,650

 

Leasehold improvements

(1)

 

 

7,564

 

 

 

5,595

 

Computer equipment

3 - 5 years

 

 

4,668

 

 

 

3,885

 

Furniture and fixtures

3 - 15 years

 

 

1,811

 

 

 

1,720

 

 

 

 

 

 

 

 

 

Property, technology, and equipment

 

 

 

57,281

 

 

 

50,719

 

Less: accumulated depreciation and amortization

 

 

 

(31,334

)

 

 

(26,568

)

 

 

 

 

 

 

 

 

Property, technology, and equipment, net

 

 

$

25,947

 

 

$

24,151

 

(1) The cost is amortized over the shorter of the lease term or useful life.

Depreciation and amortization expenses related to property, technology, and equipment were $1,909 and $5,486 for the three and nine months ended March 31, 2022, respectively and $1,651 and $4,820 for the three and nine months ended March 31, 2021, respectively. Computer software includes approximately $854 and $568 of software in development as of March 31, 2022 and June 30, 2021, respectively.