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

 

 

Fiscal Year Ended June 30,

 

 

2025

 

 

2024

 

Land

 

$

11,926

 

 

$

11,381

 

Buildings and improvements

 

 

61,788

 

 

 

57,030

 

Machinery and equipment

 

 

347,867

 

 

 

325,174

 

Computer hardware and software

 

 

56,466

 

 

 

54,139

 

Furniture and fixtures

 

 

22,599

 

 

 

20,943

 

Leasehold improvements

 

 

38,680

 

 

 

39,255

 

Construction in progress

 

 

12,692

 

 

 

12,783

 

 

 

552,018

 

 

 

520,705

 

Less: Accumulated depreciation

 

 

287,288

 

 

 

258,975

 

 

$

264,730

 

 

$

261,730

 

Historical Timeline

Fiscal YearFiled
2025Sep 15, 2025Showing above
2024Aug 27, 2024
2017Sep 13, 2017

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.