L.S. Starrett Co. - Ordinary Shares (SCX) 10-Q 1 Feb 18 2018 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2017	Jan. 30, 2018
Document Information [Line Items]
Entity Registrant Name	STARRETT L S CO
Entity Central Index Key	93,676
Trading Symbol	scx
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Type	10-Q
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		6,262,546
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		757,224

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Current assets:
Cash	$ 15,131	$ 14,607
Accounts receivable (less allowance for doubtful accounts of $1,162 and $946, respectively)	29,349	30,425
Inventories	61,789	58,097
Prepaid expenses and other current assets	8,860	6,994
Total current assets	115,129	110,123
Property, plant and equipment, net	39,265	39,345
Taxes receivable	2,716	2,627
Deferred tax assets, net	18,856	26,032
Intangible assets, net	9,563	9,868
Goodwill	4,668	4,668
Other assets		2
Total assets	190,197	192,665
Current liabilities:
Current maturities of long-term debt	17,051	11,514
Accounts payable	9,084	8,366
Accrued expenses	6,618	5,424
Accrued compensation	4,090	5,435
Total current liabilities	36,843	30,739
Other tax obligations	4,016	3,645
Long-term debt, net of current portion	5,261	6,095
Postretirement benefit and pension obligations	57,415	58,571
Other non-current liabilities	1,630	1,589
Total liabilities	105,165	100,639
Stockholders' equity:
Additional paid-in capital	55,467	55,579
Retained earnings	71,906	79,402
Accumulated other comprehensive loss	(49,354)	(49,985)
Total stockholders' equity	85,032	92,026
Total liabilities and stockholders’ equity	190,197	192,665
Common Class A [Member]
Stockholders' equity:
Common stock	6,254	6,268
Common Class B [Member]
Stockholders' equity:
Common stock	$ 759	$ 762

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Allowance for doubtful accounts	$ 1,162	$ 946
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized (in shares)	20,000,000	20,000,000
Common stock, outstanding (in shares)	6,254,182	6,267,603
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized (in shares)	10,000,000	10,000,000
Common stock, outstanding (in shares)	758,954	761,588

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2017		Dec. 31, 2016		Dec. 31, 2017		Dec. 31, 2016
Net sales	$ 52,124,000	[1]	$ 53,187,000	[2]	$ 103,942,000	[3]	$ 102,100,000	[4]
Cost of goods sold	36,194,000		36,365,000		71,473,000		71,364,000
Gross margin	$ 15,930,000		$ 16,822,000		$ 32,469,000		$ 30,736,000
% of Net sales	30.60%		31.60%		31.20%		30.10%
Selling, general and administrative expenses	$ 15,486,000		$ 14,942,000		$ 31,576,000		$ 30,363,000
Restructuring charges			51,000				394,000
Operating income (loss)	444,000		1,829,000		893,000		(21,000)
Other income (expense)	653,000		(312,000)		844,000		(75,000)
Gain on sale of building							3,089,000
Income (loss) before income taxes	1,097,000		1,517,000		1,737,000		2,993,000
Income tax expense	7,618,000		454,000		7,832,000		1,171,000
Net income (loss)	$ (6,521,000)		$ 1,063,000		$ (6,095,000)		$ 1,822,000
Basic income (loss) per share (in dollars per share)	$ (0.93)		$ 0.15		$ (0.87)		$ 0.26
Diluted income (loss) per share (in dollars per share)	$ (0.93)		$ 0.15		$ (0.87)		$ 0.26
Weighted average outstanding shares used in per share calculations:
Basic (in shares)	7,008		7,050		7,009		7,039
Diluted (in shares)	7,008		7,068		7,009		7,068
Dividends (in dollars per share)	$ 0.10		$ 0.10		$ 0.20		$ 0.20
[1]	Excludes $3,277 of North American segment intercompany sales to the International segment, and $ 6,688 of International segment intercompany sales to the North American segment.
[2]	Excludes $4,696 of North American segment intercompany sales to the International segment, and $6,049 of International segment intercompany sales to the North American segment.
[3]	Excludes $3,277 of North American segment intercompany sales to the International segment, and $ 6,688 of International segment intercompany sales to the North American segment.
[4]	Excludes $4,696 of North American segment intercompany sales to the International segment, and $6,049 of International segment intercompany sales to the North American segment.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Net income (loss)	$ (6,521)	$ 1,063	$ (6,095)	$ 1,822
Other comprehensive income (loss):
Currency translation gain (loss net of tax)	(1,576)	(988)	685	(1,756)
Pension and postretirement plans, net of tax of $0, $3,958, $0, and $3,958, respectively	(27)	6,469	(54)	6,422
Other comprehensive income (loss)	(1,603)	5,481	631	4,666
Total comprehensive income (loss)	$ (8,124)	$ 6,544	$ (5,464)	$ 6,488

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Pension and post retirement plans, tax	$ 0	$ 3,958	$ 0	$ 3,958

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]Common Class A [Member]	Common Stock [Member]Common Class B [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Accumulated balance consists of:
						$ (49,985)
Balance at Jun. 30, 2017	$ 6,268	$ 762	$ 55,579	$ 79,402	$ (49,985)	92,026
Total comprehensive income (loss)				(6,095)	631	(5,464)
Dividends ($0.20 per share)				(1,401)		(1,401)
Repurchase of shares	(58)	(4)	(472)			(534)
Issuance of stock	13	14	193			220
Stock-based compensation	18		167			185
Conversion	13	(13)
Balance at Dec. 31, 2017	$ 6,254	$ 759	$ 55,467	$ 71,906	(49,354)	85,032
Accumulated balance consists of:
Translation loss					(42,638)
Pension and postretirement plans, net of taxes					(6,716)
					$ (49,354)	$ (49,354)

Consolidated Statements of Sto8

Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals)	6 Months Ended
	Dec. 31, 2017$ / shares
Retained Earnings [Member]
Dividends (in dollars per share)	$ 0.20
Dividends (in dollars per share)	$ 0.20

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net income (loss)	$ (6,095,000)	$ 1,822,000
Non-cash operating activities:
Gain on sale of building		(3,089,000)
Depreciation	2,802,000	2,732,000
Amortization	978,000	732,000
Stock-based compensation	185,000	223,000
Net long-term tax obligations	343,000	842,000
Deferred taxes	7,250,000	413,000
Postretirement benefit and pension obligations	294,000	1,743,000
(Income) loss from equity method investment		(43,000)
Working capital changes:
Accounts receivable	1,618,000	1,849,000
Inventories	(3,245,000)	(3,389,000)
Other current assets	(1,874,000)	(1,563,000)
Other current liabilities	179,000	(1,026,000)
Prepaid pension expense	(1,857,000)	(2,418,000)
Other	57,000	188,000
Net cash provided by (used in) operating activities	635,000	(984,000)
Cash flows from investing activities:
Additions to property, plant and equipment	(2,625,000)	(2,412,000)
Software development	(633,000)	(368,000)
Proceeds from sale of building		3,321,000
Net cash provided by (used in) investing activities	(3,258,000)	541,000
Cash flows from financing activities:
Proceeds from borrowings	5,500,000
Long-term debt repayments	(797,000)	(762,000)
Proceeds from common stock issued	220,000	181,000
Shares repurchased	(534,000)	(33,000)
Dividends paid	(1,401,000)	(1,407,000)
Net cash provided by (used in) financing activities	2,988,000	(2,021,000)
Effect of exchange rate changes on cash	159,000	(603,000)
Net increase (decrease) in cash	524,000	(3,067,000)
Cash, beginning of period	14,607,000	19,794,000
Cash, end of period	15,131,000	16,727,000
Supplemental cash flow information:
Interest paid	307,000	302,000
Income taxes paid, net	$ (323,000)	$ 113,000

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation and Summary of Significant Account Policies	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	Note 1: Basis of Presentation and Summary of Significant Account Policies The unaudited interim financial statements as of and for the six December 31, 2017 not 10 June 30, 2017. not may The preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make judgments, assumptions and estimates that affect amounts reported in the consolidated financial statements and accompanying notes. Note 2 10 June 30, 2017

Note 2 - Recent Accounting Pron

Note 2 - Recent Accounting Pronouncements	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 2: Recent A ccounting Pronouncements In May 2014, The standard requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration the entity expects to be entitled to in exchange for those goods or services. This standard is applicable for fiscal years beginning after December 15, 2017 December 15, 2016, July 1, 2018. The Company primarily sells goods and recognizes revenues at point of sale or delivery, which will not However, a full assessment of the new standard’s impact on all the Company’s revenue streams ahead of its implementation in the next fiscal year is still in process. In February 2016, No. 2016 02, 842 The ASU requires that organizations that lease assets recognize assets and liabilities on the balance sheet for the rights and obligations created by those leases. The ASU will affect the presentation of lease related expenses on the income statement and statement of cash flows and will increase the required disclosures related to leases. This ASU is effective for fiscal years beginning after December 15, 2018, No. 2016 02 not In October 2016, No. 2016 16, 740 within the consolidated entity. The current exception to defer the recognition of any tax impact on the transfer of inventory within the consolidated entity until it is sold to a third December 15, 2017. No. 2016 16 not In January 2017, the FASB issued ASU No. 2017 01, 805 2017 01 not not the screen is not 2017 01 December 15, 2017 2017 01, only when the transaction has not No. 2017 01 not In January 2017, the FASB issued ASU No. 2017 04, 350 2, not 1 December 15, 2019 January 1, 2017.

Note 3 - Stock-based Compensati

Note 3 - Stock-based Compensation	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 3: Stock-based Compensation On September 5, 2012, 2012 2012 2012 October 17, 2012, October 18, 2017. 2012 2012 500,000 Options granted vest in periods ranging from one three ten one three December 31, 2017, 20,000 153,235 284,600 2012 December 31, 2017. For stock option grants the fair value of each grant is estimated at the date of grant using the Binomial Options pricing model. The Binomial Options pricing model utilizes assumptions related to stock volatility, the risk-free interest rate, the dividend yield, and employee exercise behavior. Expected volatilities utilized in the model are based on the historic volatility of the Company ’s stock price. The risk free interest rate is derived from the U.S. Treasury Yield curve in effect at the time of the grant. The expected life is determined using the average of the vesting period and contractual term of the options (Simplified Method). No six December 31, 2017 2016. The weighted average contractual term for stock options outstanding as of December 31, 2017 5 December 31, 2017 $0.1 December 31, 2017 20,000. In recognizing stock compensation expense for the 2012 no The Company accounts for stock options and RSU awards by recognizing the expense of the grant date fair value ratably over vesting periods generally ranging from one three There were 62,000 $7.22 six December 31, 2017. 14,400 six December 31, 2017. December 31, 2017 $1.3 December 31, 2017 On February 5, 2013, 2013 “2013 The plan is intended as an employee stock ownership plan within the meaning of Section 4975 7 1986, Compensation expense related to all stock based plans for the six December 31, 2017 2016 $0.2 $0.2 December 31, 2017, $1.6 $1.4 not $0.2 2.0

Note 4 - Inventories

Note 4 - Inventories	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Inventory Disclosure [Text Block]	Note 4: Inventories In July 2015, No. 2015 11, 330 330 2015 11 December 15, 2016. No. 2015 11 not Inventories consist of the following (in thousands): 12 /31/2017 6/30/201 7 Raw material and supplies $ 26,777 $ 26,293 Goods in process and finished parts 19,512 16,419 Finished goods 41,881 41,591 88,170 84,303 LIFO Reserve (26,381 ) (26,206 ) $ 61,789 $ 58,097 LIFO inventories were $ 8 .5 $7 .7 December 31, 2017 June 30, 2017, $26 .4 $26 .2 0.2 six December 31, 2017 $0.5 six December 31, 2016 .

Note 5 - Business Acquisition

Note 5 - Business Acquisition	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Business Combination Disclosure [Text Block]	Note 5: In fiscal 2010, $1.5 36% third 2017, $3.6 64% $1.8 $1.8 three $1.6 30% three . The Company has accrued for such profit sharing as an expense based on results of operations since the date of acquisition. The acquisition has been accounted for as a business combination and the financial results of the company have been included in our consolidated financial statements since the date of acquisition. Under the acquisition method of accounting, the purchase price was allocated to net tangible and intangible assets based upon their estimated fair values as of the acquisition date. The table below presents the allocation of t he purchase price to the acquired net assets (in thousands): Cash $ 509 Accounts receivable 273 Inventories 243 Other current assets 18 Deferred software development costs 2,520 Intangible Assets 1,220 Goodwill 1,634 Fixed assets 47 Deferred tax liability (1,090 ) Accounts payable & current liabilities (80 ) Purchase Price (1) $ 5,294 ( 1 $1,833 1,555 $1.8 5% $3,388 6 4% $5.294 Pro-forma financial information has not not ’s financial position or results of operations.

Note 6 - Goodwill and Intangibl

Note 6 - Goodwill and Intangibles Assets	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 6 : Goodwill and Intangible Assets The Company ’s acquisition of Bytewise in 2011 2017 $4.67 2011 08, not not October 1, 2017. 2011 08 Determining the fair value of a reporting unit is subjective and requires the use of significant estimates and assumptions. With the assistance of an independent third -party valuation specialist, the Company estimates the fair value using an income approach based on the present value of future cash flows. The Company believes this approach yields the most appropriate evidence of fair value. The Company also utilizes the comparable company multiples method and market transaction fair value method to validate the fair value amount obtained using the income approach. The key assumptions utilized in the discounted cash flow model includes estimates of future cash flows from operating activities offset by estimated capital expenditures of the reporting unit, the estimated terminal value for the reporting unit, a discount rate based on a weighted average cost of capital, overall economic conditions, and an assessment of current market capitalization. Any unfavorable material changes to these key assumptions could potentially impact the Company’s fair value determinations. Under the quantitative analysis, t he 2017 81.1%. no may The Company has set the date at February 1 st 2018, February 2017; no may Amortizable intangible assets consist of the following (in thousands): 12 /31/2017 6/30/201 7 Non-compete agreement $ 600 $ 600 Trademarks and trade names 2,070 2,070 Completed technology 2,358 2,358 Customer relationships 5,580 5,580 Software development 6,816 6,184 Other intangible assets 325 325 Total 17,749 17,117 Accumulated amortization (8,186 ) (7,249 ) Total net balance $ 9,563 $ 9,868 Amortizable intangible assets are being amortized on a straight-line basis over the period of expected economic benefit. The estimated useful lives of the intangible assets subject to amortization range between 5 20 The estimated aggregate amortization expense for the remainder of fiscal 2018 five 201 8 (Remainder of year) $ 1,093 201 9 2,134 20 20 1,611 202 1 1,207 202 2 975 202 3 609 Thereafter 1,934

Note 7 - Pension and Post-retir

Note 7 - Pension and Post-retirement Benefits	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	Note 7 : Pension and Post-retirement Benefits The Company has two one The U.K. plan was closed to new entrants in fiscal 2009. On December 21, 2016, December 31, 2016. no December 31, 2016. The amendment of the defined benefit pension plan triggered a pension curtailment which required a re-measurement of the Plan's obligation as of December 31, 2016. $6.9 3.77% 4.31%, $4.2 Net periodic benefit costs for all of the Company's defined benefit pension plans consist of the following (in thousands): Three Months Ended Six Months Ended 12/31/2017 12/31/2016 12/31/2017 12/31/2016 Service cost $ - $ 614 $ - $ 1,405 Interest cost 1,518 1,533 3,029 3,085 Expected return on plan assets (1,291 ) (1,288 ) (2,576 ) (2,594 ) Amortization of net loss 6 68 12 96 $ 233 $ 927 $ 465 $ 1,992 Net periodic benefit costs for the Company's Postretirement Medical Plan consists of the following (in thousands): Three Months Ended Six Months Ended 12/31/2017 12/31/2016 12/31/2017 12/31/2016 Service cost $ 22 $ 24 $ 43 $ 47 Interest cost 67 68 134 136 Amortization of prior service credit (135 ) (169 ) (269 ) (337 ) Amortization of net loss 25 30 50 60 $ (21 ) $ (47 ) $ (42 ) $ (94 ) For the six December 31, 2017, $1.4 $0.5 $2.8 2018. The Company ’s pension plans use fair value as the market-related value of plan assets and recognize net actuarial gains or losses in excess of ten 10% 10%

Note 8 - Debt

Note 8 - Debt	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 8 : Debt Debt is comprised of the following (in thousands): 12 /31/2017 6/30/201 7 Short-term and current maturities Loan and Security Agreement $ 17,051 $ 11,514 Long-term debt Loan and Security Agreement , net of current portion 5,261 6,095 $ 22,312 $ 17,609 The Company amended its Loan and Security Agreement, which includes a Line of Credit and a Term Loan, in January 2015. Borrowings under the Line of Credit may not $23.0 1.5%. six December 31, 2017 2016 3.1% 2.4%, December 31, 2017 December 31, 2017, $11.9 Availability under the Line of Credit is subject to a borrowing base comprised of accounts receivab le and inventory. The Company believes that the borrowing base will consistently produce availability under the Line of Credit in excess of $23.0 0.25% The obligations und er the Credit Facility are unsecured. In the event of certain triggering events, such obligations would become secured by the assets of the Company’s domestic subsidiaries. A triggering event occurs when the Company fails to achieve any of the financial covenants noted below in consecutive quarters. The material financial covenants of the amended Loan and Security Agreement are: 1 maximum leverage”), not 2.25 1.00, 2 not $15.0 3 1.25 1.00, 4 not $10.0 December 31, 2017, not 2.58 1.00. second not one On January 30, 2018, April 30, 2021. April 30, 2018. The amended agreement maintains the previous line of $23.0 On November 22, 2011, $15.5 then existing Loan and Security Agreement. The Term Loan is a ten 4.5% $160,640. $6.9 December 31, 2017. In December 2017, the Company’s Brazilian subsidiary entered into two $3.5 $1.5 180 4.19% $2.0 360 4.75%.

Note 9 - Income Taxes

Note 9 - Income Taxes	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 9 : Income Tax es The Company is subject to U.S. federal income tax and various state, local, and foreign income taxes in numerous jurisdictions. The Company’s domestic and foreign tax liabilities are subject to the allocation of revenues and expenses in different jurisdictions and the timing of recognizing revenues and expenses. Additionally, the amount of income taxes paid is subject to the Company’s interpretation of applicable tax laws in the jurisdictions in which it files. The Company provides for income taxes on an interim basis based on an estimate of the effective tax rate for the year. This estimate is reassessed on a quarterly basis. Discrete tax items are accounted for in the quarterly period in which they occur. On December 22, 2017, This law made numerous changes to federal taxation in the U.S., including a reduction in the federal corporate tax rate to 21% one not 28% 34% 2018, 21% 2019 December 31, 2017, $7,250,000 one The Company is reviewing all aspects of the tax law change and, other than the reduced tax rate on earnings going forward, which will provide a favorable benefit, the Company does not The tax expense for the second 2018 $7,618,000 $1,097,000 694%. $368,000 33.5% for the second 2017 29.9%. first 2018, $7,832,000 $1,737,000 451%. $582,000 33.5% first 2017, 39.1%. second 2018 $34,000 second first $21,000 was partially offset by discrete tax expense due to tax deductions related to stock grants which were lower than the book deductions. The tax rate in the second 2017 $298,000 first U.S. Federal tax returns through fiscal 2013 no 2014 As of December 31, 2017, no may 2012 2017. twelve $1 Accounting for income taxes requires estimates of future benefits and tax liabilities. Due to the temporary differences in the timing of recognition of items included in income for accounting and tax purposes, deferred tax assets or liabilities are recorded to reflect the impact arising from these differences on future tax payments. With respect to recorded tax assets, the Company assesses the likelihood that the asset will be realized by addressing the positive and negative evidence to determine whether realization is more likely than not not not No ’s domestic deferred tax assets related to temporary differences in items included in taxable income. The Company continues to believe that due to forecasted future taxable income and certain tax planning strategies available, it is more likely than not

Note 10 - Contingencies

Note 10 - Contingencies	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 10 : Contingencies The Company is involved in certain legal matters which arise in the normal course of business. These matters are not ’s financial condition, results of operations or cash flows. In the second ’s Brazilian subsidiary received a favorable ruling on an old tax dispute related to the Brazilian Program of Social Integration (PIS) taxes. This ruling resulted in the recognition of other income of approximately $1.0

Note 11 - Segment Information

Note 11 - Segment Information	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 11 : Segment Information The segment information and the accounting policies of each segment are the same as those described in the notes to the consolidated financial statements entitled “Financial Information by Segment & Geographic Area” included in our Annual Report on Form 10 June 30, 2017. two 2017, no North American Operations International Operations Unallocated Total Three Months ended December 31 , 2017 Sales 1 $ 31,100 $ 21,024 $ - $ 52,124 Operating Income (Loss) $ 1,365 $ 243 $ (1,164 ) $ 444 Three Months ended December 31 , 2016 Sales 2 $ 32,151 $ 21,036 $ - $ 53,187 Operating Income (Loss) $ 2,805 $ 636 $ (1,612 ) $ 1,829 1. Excludes $ 1,581 3,298 2. Excludes $2, 339 $2,968 North American Operations International Operations Unallocated Total Six Months ended December 31, 2017 Sales 1 $ 60,818 $ 43,124 $ - $ 103,942 Operating Income (Loss) $ 2,714 $ 1,000 $ (2,821 ) $ 893 Six Months ended December 31, 2016 Sales 2 $ 60,554 $ 41,546 $ - $ 102,100 Operating Income (Loss) $ 2,957 $ 550 $ (3,528 ) $ (21 ) 1. Excludes $ 3,277 6,688 2. Excludes $ 4,696 $6,049

Note 12 - Subsequent Events

Note 12 - Subsequent Events	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	Note 12: Subsequent to December 31, 2017, no happen within the next 12 $4.1 2016, December 31, 2017, $2.0 may

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	The unaudited interim financial statements as of and for the six December 31, 2017 not 10 June 30, 2017. not may The preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make judgments, assumptions and estimates that affect amounts reported in the consolidated financial statements and accompanying notes. Note 2 10 June 30, 2017
New Accounting Pronouncements, Policy [Policy Text Block]	In May 2014, The standard requires entities to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration the entity expects to be entitled to in exchange for those goods or services. This standard is applicable for fiscal years beginning after December 15, 2017 December 15, 2016, July 1, 2018. The Company primarily sells goods and recognizes revenues at point of sale or delivery, which will not However, a full assessment of the new standard’s impact on all the Company’s revenue streams ahead of its implementation in the next fiscal year is still in process. In February 2016, No. 2016 02, 842 The ASU requires that organizations that lease assets recognize assets and liabilities on the balance sheet for the rights and obligations created by those leases. The ASU will affect the presentation of lease related expenses on the income statement and statement of cash flows and will increase the required disclosures related to leases. This ASU is effective for fiscal years beginning after December 15, 2018, No. 2016 02 not In October 2016, No. 2016 16, 740 within the consolidated entity. The current exception to defer the recognition of any tax impact on the transfer of inventory within the consolidated entity until it is sold to a third December 15, 2017. No. 2016 16 not In January 2017, the FASB issued ASU No. 2017 01, 805 2017 01 not not the screen is not 2017 01 December 15, 2017 2017 01, only when the transaction has not No. 2017 01 not In January 2017, the FASB issued ASU No. 2017 04, 350 2, not 1 December 15, 2019 January 1, 2017.

Note 4 - Inventories (Tables)

Note 4 - Inventories (Tables)	6 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Inventory, Current [Table Text Block]	12 /31/2017 6/30/201 7 Raw material and supplies $ 26,777 $ 26,293 Goods in process and finished parts 19,512 16,419 Finished goods 41,881 41,591 88,170 84,303 LIFO Reserve (26,381 ) (26,206 ) $ 61,789 $ 58,097

Note 5 - Business Acquisition (

Note 5 - Business Acquisition (Tables)	6 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Cash $ 509 Accounts receivable 273 Inventories 243 Other current assets 18 Deferred software development costs 2,520 Intangible Assets 1,220 Goodwill 1,634 Fixed assets 47 Deferred tax liability (1,090 ) Accounts payable & current liabilities (80 ) Purchase Price (1) $ 5,294

Note 6 - Goodwill and Intangi25

Note 6 - Goodwill and Intangibles Assets (Tables)	6 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	12 /31/2017 6/30/201 7 Non-compete agreement $ 600 $ 600 Trademarks and trade names 2,070 2,070 Completed technology 2,358 2,358 Customer relationships 5,580 5,580 Software development 6,816 6,184 Other intangible assets 325 325 Total 17,749 17,117 Accumulated amortization (8,186 ) (7,249 ) Total net balance $ 9,563 $ 9,868
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	201 8 (Remainder of year) $ 1,093 201 9 2,134 20 20 1,611 202 1 1,207 202 2 975 202 3 609 Thereafter 1,934

Note 7 - Pension and Post-ret26

Note 7 - Pension and Post-retirement Benefits (Tables)	6 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Three Months Ended Six Months Ended 12/31/2017 12/31/2016 12/31/2017 12/31/2016 Service cost $ - $ 614 $ - $ 1,405 Interest cost 1,518 1,533 3,029 3,085 Expected return on plan assets (1,291 ) (1,288 ) (2,576 ) (2,594 ) Amortization of net loss 6 68 12 96 $ 233 $ 927 $ 465 $ 1,992 Three Months Ended Six Months Ended 12/31/2017 12/31/2016 12/31/2017 12/31/2016 Service cost $ 22 $ 24 $ 43 $ 47 Interest cost 67 68 134 136 Amortization of prior service credit (135 ) (169 ) (269 ) (337 ) Amortization of net loss 25 30 50 60 $ (21 ) $ (47 ) $ (42 ) $ (94 )

Note 8 - Debt (Tables)

Note 8 - Debt (Tables)	6 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Debt [Table Text Block]	12 /31/2017 6/30/201 7 Short-term and current maturities Loan and Security Agreement $ 17,051 $ 11,514 Long-term debt Loan and Security Agreement , net of current portion 5,261 6,095 $ 22,312 $ 17,609

Note 11 - Segment Information (

Note 11 - Segment Information (Tables)	6 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	North American Operations International Operations Unallocated Total Three Months ended December 31 , 2017 Sales 1 $ 31,100 $ 21,024 $ - $ 52,124 Operating Income (Loss) $ 1,365 $ 243 $ (1,164 ) $ 444 Three Months ended December 31 , 2016 Sales 2 $ 32,151 $ 21,036 $ - $ 53,187 Operating Income (Loss) $ 2,805 $ 636 $ (1,612 ) $ 1,829 North American Operations International Operations Unallocated Total Six Months ended December 31, 2017 Sales 1 $ 60,818 $ 43,124 $ - $ 103,942 Operating Income (Loss) $ 2,714 $ 1,000 $ (2,821 ) $ 893 Six Months ended December 31, 2016 Sales 2 $ 60,554 $ 41,546 $ - $ 102,100 Operating Income (Loss) $ 2,957 $ 550 $ (3,528 ) $ (21 )

Note 3 - Stock-based Compensa29

Note 3 - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Sep. 05, 2012
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			500,000
The 2012 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	284,600
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	5 years
Allocated Share-based Compensation Expense	$ 0.2	$ 0.2
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 0.2
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years
The 2012 Stock Incentive Plan [Member] | Total Unrecognized Compensation Including Portion Relating to Grants Not Expected to Be Awarded [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 1.6
The 2012 Stock Incentive Plan [Member] | Portion Relating to RSU Grants Not Expected to be Awarded [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 1.4
Employee Stock Option [Member] | The 2012 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	20,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 0.1
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	20,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	0
Restricted Stock Units (RSUs) [Member] | The 2012 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	153,235
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 1.3
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	14,400
Minimum [Member] | Employee Stock Option [Member] | The 2012 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Minimum [Member] | Restricted Stock Units (RSUs) [Member] | The 2012 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Maximum [Member] | Employee Stock Option [Member] | The 2012 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Maximum [Member] | Restricted Stock Units (RSUs) [Member] | The 2012 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	62,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 7.22

Note 4 - Inventories (Details T

Note 4 - Inventories (Details Textual) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Sep. 30, 2017	Jun. 30, 2017
LIFO Inventory Amount			$ 8.5	$ 7.7
Inventory Difference Using FIFO Basis			$ 26.4	$ 26.2
Cost of Sales [Member]
Inventory, LIFO Reserve, Effect on Income, Net	$ 0.2	$ 0.5

Note 4 - Inventories - Componen

Note 4 - Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Raw material and supplies	$ 26,777	$ 26,293
Goods in process and finished parts	19,512	16,419
Finished goods	41,881	41,591
	88,170	84,303
LIFO Reserve	(26,381)	(26,206)
	$ 61,789	$ 58,097

Note 5 - Business Acquisition32

Note 5 - Business Acquisition (Details Textual) - Private Software Company [Member] - USD ($) $ in Thousands		3 Months Ended	6 Months Ended	12 Months Ended
		Mar. 31, 2017	Dec. 31, 2017	Jun. 30, 2010
Business Combination, Consideration Transferred		$ 3,600		$ 1,500
Business Acquisition, Percentage of Voting Interests Acquired		64.00%		36.00%
Payments to Acquire Businesses, Gross		$ 1,800
Business Combination, Consideration Transferred, Liabilities Incurred		$ 1,800
Business Combination, Consideration Transferred, Subsequent Period		3 years
Business Combination, Consideration Transferred, Liabilities Incurred, Discounted		$ 1,600
Business Combination, Operating Profits, Percentage		30.00%
Business Combination, Operating Profits, Term		3 years
Business Combination, Consideration Transferred, Discounted Rate				5.00%
Business Combination, Consideration Transferred, Total Cash Considerations Before Noncontrolling Interest Rate			$ 3,388
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	[1]		$ 5,294
[1]	$1,833 + 1,555 ($1.8 million discounted at 5%) = $3,388 purchase price divided by 64% = $5.294 million.

Note 5 - Business Acquisition -

Note 5 - Business Acquisition - Allocation of the Purchase Price to the Acquired Net Assets (Details) - USD ($) $ in Thousands		Dec. 31, 2017	Jun. 30, 2017
Goodwill		$ 4,668	$ 4,668
Private Software Company [Member]
Cash		509
Accounts receivable		273
Inventories		243
Other current assets		18
Deferred software development costs		2,520
Intangible Assets		1,220
Goodwill		1,634
Fixed assets		47
Deferred tax liability		(1,090)
Accounts payable & current liabilities		(80)
Purchase Price (1)	[1]	$ 5,294
[1]	$1,833 + 1,555 ($1.8 million discounted at 5%) = $3,388 purchase price divided by 64% = $5.294 million.

Note 6 - Goodwill and Intangi34

Note 6 - Goodwill and Intangibles Assets (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2017	Jun. 30, 2017
Goodwill	$ 4,668	$ 4,668
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	81.10%
Goodwill, Impairment Loss	$ 0
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Asset, Useful Life	5 years
Trademarks and Trade Names [Member]
Finite-Lived Intangible Asset, Useful Life	20 years

Note 6 - Goodwill and Intangi35

Note 6 - Goodwill and Intangible Assets - Finite-lived Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Intangible assets, gross	$ 17,749	$ 17,117
Accumulated amortization	(8,186)	(7,249)
Total net balance	9,563	9,868
Noncompete Agreements [Member]
Intangible assets, gross	600	600
Trademarks and Trade Names [Member]
Intangible assets, gross	2,070	2,070
Completed Technology [Member]
Intangible assets, gross	2,358	2,358
Customer Relationships [Member]
Intangible assets, gross	5,580	5,580
Software Developement [Member]
Intangible assets, gross	6,816	6,184
Other Intangible Assets [Member]
Intangible assets, gross	$ 325	$ 325

Note 6 - Goodwill and Intangi36

Note 6 - Goodwill and Intangible Assets - Estimated Aggregate Amortization Expense (Details) $ in Thousands	Dec. 31, 2017USD ($)
2018 (Remainder of year)	$ 1,093
2,019	2,134
2,020	1,611
2,021	1,207
2,022	975
2,023	609
Thereafter	$ 1,934

Note 7 - Pension and Post-ret37

Note 7 - Pension and Post-retirement Benefits (Details Textual) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment	$ (6.9)
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate		4.31%	3.77%
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Curtailment	4.2
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year	2.8
Pension Plan [Member] | Domestic Plan [Member]
Defined Benefit Plan, Plan Assets, Contributions by Employer	1.4
Pension Plan [Member] | Foreign Plan [Member]
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 0.5

Note 7 - Pension and Post-ret38

Note 7 - Pension and Post-retirement Benefits - Net Periodic Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Pension Plan [Member]
Service cost		$ 614		$ 1,405
Interest cost	1,518	1,533	3,029	3,085
Expected return on plan assets	(1,291)	(1,288)	(2,576)	(2,594)
Amortization of net loss	6	68	12	96
	233	927	465	1,992
Other Postretirement Benefits Plan [Member]
Service cost	22	24	43	47
Interest cost	67	68	134	136
Amortization of net loss	25	30	50	60
	(21)	(47)	(42)	(94)
Amortization of prior service credit	$ (135)	$ (169)	$ (269)	$ (337)

Note 8 - Debt (Details Textual)

Note 8 - Debt (Details Textual)	Nov. 22, 2011USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016	Dec. 31, 2017USD ($)	Jan. 30, 2018USD ($)	Jun. 30, 2017USD ($)
Line of Credit Facility, Maximum Borrowing Capacity		$ 23,000,000		$ 23,000,000
Line of Credit Facility, Interest Rate During Period		3.10%	2.40%
Long-term Line of Credit		$ 11.90		11.90
Line of Credit Facility, Commitment Fee Percentage		0.25%
Current Funded Debt to EBITDA Ratio		2.58
Minimum Consolidated Cash and Liquid Investments Pursuant to New Loan and Security Agreement		$ 10,000,000
Long-term Debt		22,312,000		22,312,000		$ 17,609,000
Notes Payable to Banks [Member] | Santander Bank and Bradesco Bank [Member]
Debt Instrument, Face Amount		3,500,000		3,500,000
Notes Payable to Banks [Member] | Santander Bank [Member]
Debt Instrument, Face Amount		$ 1,500,000		$ 1,500,000
Debt Instrument, Term				180 days
Debt Instrument, Interest Rate, Stated Percentage		4.19%		4.19%
Notes Payable to Banks [Member] | Bradesco Bank [Member]
Debt Instrument, Face Amount		$ 2,000,000		$ 2,000,000
Debt Instrument, Term				360 days
Debt Instrument, Interest Rate, Stated Percentage		4.75%		4.75%
Term Loan [Member]
Debt Instrument, Face Amount	$ 15,500,000
Debt Instrument, Term	10 years
Debt Instrument, Interest Rate, Stated Percentage	4.50%
Debt Instrument, Periodic Payment	$ 160,640
Long-term Debt		$ 6,900,000		$ 6,900,000
Subsequent Event [Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 23,000,000
Maximum [Member]
Current Funded Debt to EBITDA Ratio		2.25
Annual Capital Expenditures		$ 15,000,000
Minimum [Member]
Debt Service Coverage Rate		1.25
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		1.50%

Note 8 - Debt - Debt Schedule (

Note 8 - Debt - Debt Schedule (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Short-term and current maturities
Loan and Security Agreement	$ 17,051	$ 11,514
Long-term debt
Loan and Security Agreement, net of current portion	5,261	6,095
	$ 22,312	$ 17,609

Note 9 - Income Taxes (Details

Note 9 - Income Taxes (Details Textual) - USD ($)	3 Months Ended			6 Months Ended		12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent								34.00%
Deferred Income Tax Expense (Benefit)				$ 7,250,000	$ 413,000
Income Tax Expense (Benefit)	$ 7,618,000	$ 454,000		7,832,000	1,171,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ 1,097,000	$ 1,517,000		$ 1,737,000	$ 2,993,000
Effective Income Tax Rate Reconciliation, Percent	694.00%	29.90%		451.00%	39.10%
Income Tax Expense (Benefit), Before Tax Cuts and Jobs Act	$ 368,000				$ 582,000
Effective Income Tax Rate Reconciliation, Before Tax Cuts and Jobs Act, Percent	33.50%				33.50%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount, Return to Provision Adjustment	$ 34,000
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount	21,000		$ 298,000
Deferred Tax Assets, Valuation Allowance	0			$ 0
Foreign Tax Authority [Member] | Secretariat of the Federal Revenue Bureau of Brazil [Member]
Unrecognized Tax Benefits	$ 1,000,000			$ 1,000,000
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent						21.00%	28.00%

Note 10 - Contingencies (Detail

Note 10 - Contingencies (Details Textual) $ in Millions	Dec. 31, 2017USD ($)
Brazilian Program of Social Integration (PIS) Tax Dispute [Member] | Other Nonoperating Income (Expense) [Member]
Former Gain Contingency, Recognized in Current Period	$ 1

Note 11 - Segment Information43

Note 11 - Segment Information (Details Textual) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2017USD ($)		Dec. 31, 2016USD ($)		Dec. 31, 2017USD ($)		Dec. 31, 2016USD ($)
Number of Reportable Segments					2
Revenue, Net	$ 52,124	[1]	$ 53,187	[2]	$ 103,942	[3]	$ 102,100	[4]
North American Segment [Member]
Revenue, Net	31,100	[1]	32,151	[2]	60,818	[3]	60,554	[4]
Intersegment Eliminations [Member] | North American Segment [Member]
Revenue, Net	1,581		2,339		3,277		4,696
Intersegment Eliminations [Member] | International Segment [Member]
Revenue, Net	$ 3,298		$ 2,968		$ 6,688		$ 6,049
[1]	Excludes $3,277 of North American segment intercompany sales to the International segment, and $ 6,688 of International segment intercompany sales to the North American segment.
[2]	Excludes $4,696 of North American segment intercompany sales to the International segment, and $6,049 of International segment intercompany sales to the North American segment.
[3]	Excludes $3,277 of North American segment intercompany sales to the International segment, and $ 6,688 of International segment intercompany sales to the North American segment.
[4]	Excludes $4,696 of North American segment intercompany sales to the International segment, and $6,049 of International segment intercompany sales to the North American segment.

Note 11 - Segment Information -

Note 11 - Segment Information - Summary of Financial Results for Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Dec. 31, 2017		Dec. 31, 2016		Dec. 31, 2017		Dec. 31, 2016
Sales	$ 52,124	[1]	$ 53,187	[2]	$ 103,942	[3]	$ 102,100	[4]
Operating Income (Loss)	444		1,829		893		(21)
North American Segment [Member]
Sales	31,100	[1]	32,151	[2]	60,818	[3]	60,554	[4]
Operating Income (Loss)	1,365		2,805		2,714		2,957
International [Member]
Sales	21,024	[1]	21,036	[2]	43,124	[3]	41,546	[4]
Operating Income (Loss)	243		636		1,000		550
Unallocated [Member]
Sales		[1]		[2]		[3]		[4]
Operating Income (Loss)	$ (1,164)		$ (1,612)		$ (2,821)		$ (3,528)
[1]	Excludes $3,277 of North American segment intercompany sales to the International segment, and $ 6,688 of International segment intercompany sales to the North American segment.
[2]	Excludes $4,696 of North American segment intercompany sales to the International segment, and $6,049 of International segment intercompany sales to the North American segment.
[3]	Excludes $3,277 of North American segment intercompany sales to the International segment, and $ 6,688 of International segment intercompany sales to the North American segment.
[4]	Excludes $4,696 of North American segment intercompany sales to the International segment, and $6,049 of International segment intercompany sales to the North American segment.

Note 12 - Subsequent Events (De

Note 12 - Subsequent Events (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2017	Jun. 30, 2017
Property, Plant and Equipment, Net		$ 39,265	$ 39,345
Vacated Facility at Mt. Airy, North Carolina [Member]
Impairment of Long-Lived Assets to be Disposed of	$ 4,100
Property, Plant and Equipment, Net		$ 2,000