Note 6. Property and Equipment (Tables)

12 Months Ended

Jun. 30, 2026

Major classes of property and equipment consist of the following at June 30, exclusive of the amounts classified as held for sale as of June 30, 2025:


(Amounts in Thousands)	2026		2025
Land	$	8,041	$	13,268
Buildings and improvements	148,194		116,899
Machinery and equipment	416,172		417,017
Machinery and equipment - fully dedicated	34,452		18,079
Construction-in-progress	22,187		34,006
Total	$	629,046	$	599,269
Less: Accumulated depreciation	(354,854)		(334,465)
Property and equipment, net	$	274,192	$	264,804

Property, Plant and Equipment

The useful lives used in computing straight-line depreciation are based on estimated service lives for classes of property, as follows:


			Years
Buildings and improvements			5 to 40
Machinery and equipment			3 to 11

Leasehold improvements			Lesser of Useful Life or Term of Lease

Effective April 1, 2025, the Company implemented a new class of asset, fully dedicated machinery and equipment, which is depreciated using the units of production method. As of June 30, 2026 and 2025, the net book value of the equipment was $28.5 million and $15.3 million, respectively. This equipment is highly customized for specific customer programs and has substantially no value other than production for that program. The units of production method more accurately reflects the pattern of usage and expected benefits of these assets than other depreciation methods.