Property, plant, and equipment consisted of the following (dollars in thousands):
June 30,
20252024
Equipment and furniture$354,263 $312,644 
Leasehold improvements290,657 262,402 
Property, plant, and equipment644,920 575,046 
Less accumulated depreciation and amortization(432,885)(379,603)
Total property, plant, and equipment, net$212,035 $195,443 

Historical Timeline

Fiscal YearFiled
2025Aug 7, 2025Showing above
2024Aug 8, 2024
2023Aug 10, 2023
2022Aug 11, 2022
2021Aug 17, 2021
2020Aug 14, 2020
2019Aug 21, 2019
2018Aug 20, 2018
2017Aug 21, 2017
2016Aug 24, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.