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v3.22.2.2

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Jun. 30, 2022
Accounting Policies [Abstract] |
Property, Plant and Equipment | The following useful lives are used:
Buildings and facilities | 10 to 30 years
Machinery and equipment | 3 to 15 years
Office furniture and equipment | 5 to 7 years
Capitalized software | 3 to 5 years
Equipment under finance leases | Shorter of term of lease or estimated useful life
|  | As of June 30,
(In thousands) |  | 2022 |  | 2021
Buildings and facilities |  | $ | 92,948 |  |  | $ | 94,846 |
Machinery and equipment |  | 219,095 |  |  | 223,579 |
Capitalized software |  | 25,467 |  |  | 24,218 |
Office furniture and equipment |  | 14,347 |  |  | 13,834 |
|  | 351,857 |  |  | 356,477 |
Accumulated depreciation |  | (224,760) |  |  | (218,341) |
Land |  | 11,053 |  |  | 11,955 |
Property, plant and equipment, net |  | $ | 138,150 |  |  | $ | 150,091 |
Capitalized CBE included in machinery and equipment above are:
|  | As of June 30,
(In thousands) |  | 2022 |  | 2021
Coffee Brewing Equipment (1) |  | $ | 93,549 |  |  | $ | 97,105 |
Accumulated depreciation |  | (68,938) |  |  | (70,705) |
Coffee Brewing Equipment, net |  | $ | 24,611 |  |  | $ | 26,400 |
__________ (1) Decrease as of June 30, 2022 is due to retirement of assets and lower investment on new equipment since we have focused on refurbished equipment which has a lower cost per unit. 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:
|  | For the Years Ended June 30,
(In thousands) |  | 2022 |  | 2021 |  | 2020
Depreciation expense |  | $ | 7,492 |  |  | $ | 8,988 |  |  | $ | 9,572 |
Other CBE expenses |  | 25,773 |  |  | 23,363 |  |  | 27,906 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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