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OTHER SIGNIFICANT TRANSACTIONS | 9 Months Ended
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Mar. 31, 2020
Other Significant Transactions |
OTHER SIGNIFICANT TRANSACTIONS | In accordance with the accounting guidance for property, plant and equipment, assets are measured at the lower of the carrying value or fair value less costs to sell. As a result of one of our customer’s products coming to the end of its product burn-in cycle earlier than expected, the Company determined the carrying value of the group of assets that served the above mentioned product is higher than the fair value less costs to sell. As a result, an impairment charge of $139 was recorded within operating costs during the third quarter of 2020. The Company does not expect to record a significant gain or loss upon disposition of the assets.

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