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Note C - Property and Equipment
 12 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

C. Property and Equipment

 

Property and equipment consisted of the following at June 30 (dollars in thousands):

 

 

Depreciable

        
 

Life

        
 

In Years

 

2025

  

2024

 

Land

NA

 $8,940  $8,940 

Building and building improvements

7 – 39

  24,650   24,723 

Machinery and equipment

3 – 12

  41,311   43,631 

Office equipment and furniture

3 – 5

  6,936   6,765 

Vehicles

3

  237   237 

Leasehold improvements

1 – 20

  24,788   23,223 

Total property and equipment

   106,862   107,519 

Less: accumulated depreciation and amortization

   (55,972)  (55,308)

Property and equipment, net

  $50,890  $52,211 

 

During fiscal year 2025, we disposed of machinery and equipment primarily due to obsolescence with total original value of $3.945 million and related accumulated depreciation of $3.896 million resulting in a loss on disposal of assets of $49,000. 

 

Depreciation and amortization expense was $4.6 million in both fiscal 2025 and fiscal 2024.