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Property, Technology, and Equipment
 3 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Property, Technology, and Equipment

NOTE 6 – PROPERTY, TECHNOLOGY, AND EQUIPMENT

 

 

 

 

September 30,

 

 

June 30,

 

(In thousands)

Useful Life

 

2022

 

 

2022

 

Computer software

3 - 5 years

 

$

26,375

 

 

$

26,324

 

Trailers and related equipment

3 - 15 years

 

 

6,620

 

 

 

6,639

 

Office and warehouse equipment

3 - 15 years

 

 

9,826

 

 

 

10,307

 

Leasehold improvements

(1)

 

 

7,260

 

 

 

7,588

 

Computer equipment

3 - 5 years

 

 

4,259

 

 

 

4,272

 

Furniture and fixtures

3 - 15 years

 

 

1,514

 

 

 

1,514

 

 

 

 

 

 

 

 

 

Property, technology, and equipment

 

 

 

55,854

 

 

 

56,644

 

Less: accumulated depreciation and amortization

 

 

 

(32,964

)

 

 

(31,821

)

 

 

 

 

 

 

 

 

Property, technology, and equipment, net

 

 

$

22,890

 

 

$

24,823

 

(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 $1,815 and $1,731 for the three months ended September 30, 2022 and 2021, respectively. Computer software includes approximately $1,252 and $1,032 of software in development as of September 30, 2022 and June 30, 2022, respectively.