Property, plant and equipment, net consisted of the following:


	As of September 30, 2025		As of June 30, 2025
Land	$	4,716	$	4,716
Building and leasehold improvements	171,759		171,685
Machinery and equipment	147,680		143,526
Furniture and fixtures	17,077		16,609
Construction in process	34,671		35,189
	375,903		371,725
Less: Accumulated depreciation	(143,941)		(135,848)
Property, plant and equipment, net	$	231,962	$	235,877

Included within the current asset section of our condensed consolidated balance sheet as of September 30, 2025 is an amount classified as assets held for sale totaling $3,059. The property is valued at its carrying value, which is less than the fair value minus costs to sell. The assets held for sale consist of the land and building from the former Malibu Electronics (included within the Malibu segment) manufacturing building located in Alexander City, Alabama. The Company no longer has a use for this building as the current Malibu Electronics manufacturing building is now located in Loudon, Tennessee. The assets meet the criteria for classification as held for sale as the Company has committed to a plan to sell the assets and they are available for immediate sale in their present obligation and expected to sell within 12 months.

Depreciation expense was $8,138 and $7,374 for the three months ended September 30, 2025 and 2024, respectively, substantially all of which was recorded in cost of sales.