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Property, Plant and Equipment

9 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

(In thousands)						March 31, 2021						June 30, 2020
Buildings and facilities						$	94,970					$	98,293
Machinery, vehicles and equipment						228,466						240,431
Capitalized software						23,987						29,765
Office furniture and equipment						13,833						14,042
						$	361,256					$	382,531
Accumulated depreciation						(218,744)						(229,829)
Land						11,955						12,931
Property, plant and equipment, net						$	154,467					$	165,633

During the second quarter ended December 31, 2020, the Company completed the implementation of a new route handheld equipment, and wrote-off $0.9 million of the remaining net book value of the previous route handheld equipment and $0.3 million of other assets. Also, during the third quarter ended March 31, 2021, the Company classified four branch properties with net book value of $2.5 million as “Asset Held for Sale”. See Note 21 for details.

Coffee Brewing Equipment (“CBE”) and Service

Capitalized CBE included in machinery and equipment above are:

(In thousands)						March 31, 2021						June 30, 2020
Coffee Brewing Equipment						$	98,214					$	98,734
Accumulated depreciation						(70,672)						$	(67,800)
Coffee Brewing Equipment, net						$	27,542					$	30,934

Depreciation expense related to capitalized CBE and other CBE related expenses (excluding CBE depreciation) provided to customers and reported in cost of goods sold were as follows:

						Three Months Ended March 31,												Nine Months Ended March 31,
(In thousands)						2021						2020						2021						2020
Depreciation expense						$	2,263					$	2,359					$	6,957					$	7,239
Other CBE expenses						$	5,499					$	7,821					$	17,035					$	23,778

Other expenses related to CBE provided to customers, such as the cost of servicing that equipment (including service employees’ salaries, cost of transportation and the cost of supplies and parts), are considered directly attributable to the generation of revenues from the customers. Therefore, these costs are included in cost of goods sold.

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- References

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- 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

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