L.S. Starrett Co. - Ordinary Shares (SCX) 10-K 24 Aug 18 2018 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2018	Aug. 17, 2018	Dec. 31, 2017
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
Entity Public Float			$ 53,455,717
Document Type	10-K
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		712,907
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		6,310,159

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2018	Jun. 30, 2017
ASSETS
Cash		$ 14,827	$ 14,607
Accounts receivable (less allowance for doubtful accounts of $1,277 and $946, respectively)		33,089	30,425
Inventories, net		58,039	58,097
Prepaid expenses and other current assets		7,273	6,994
Total current assets	[1]	113,228	110,123
Property, plant and equipment, net		36,514	39,345
Taxes receivable		1,820	2,627
Deferred tax assets, net		16,739	26,032
Intangible assets, net		9,317	9,868
Goodwill		4,668	4,668
Other assets			2
Total assets		182,286	192,665
LIABILITIES AND STOCKHOLDERS’ EQUITY
Notes payable and current maturities of long-term debt		3,655	11,514
Accounts payable		9,836	8,366
Accrued expenses		7,533	5,424
Accrued compensation		5,163	5,435
Total current liabilities		26,187	30,739
Other tax obligations		2,751	3,645
Long-term debt, net of current portion		17,307	6,095
Postretirement benefit and pension obligations		46,499	58,571
Other non-current liabilities		1,671	1,589
Total liabilities		94,415	100,639
Stockholders’ equity:
Additional paid-in capital		55,641	55,579
Retained earnings		74,368	79,402
Accumulated other comprehensive loss		(49,160)	(49,985)
Total stockholders’ equity		87,871	92,026
Total liabilities and stockholders’ equity		182,286	192,665
Common Class A [Member]
Stockholders’ equity:
Common stock		6,302	6,268
Common Class B [Member]
Stockholders’ equity:
Common stock		$ 720	$ 762
[1]	Current assets primarily consist of accounts receivable, inventories and prepaid expenses. Assets not allocated to the segments include cash and cash equivalents, deferred income taxes, and other non-current assets.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Allowance for doubtful accounts	$ 1,277	$ 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)	6,302,356	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)	720,447	761,588

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands	12 Months Ended
	Jun. 30, 2018		Jun. 30, 2017		Jun. 30, 2016
Net sales	$ 216,328,000	[1]	$ 207,023,000	[2]	$ 209,685,000	[3]
Cost of goods sold	147,353,000		145,073,000		162,697,000
Gross margin	$ 68,975,000		$ 61,950,000		$ 46,988,000
% of net sales	31.90%		29.90%		22.40%
Selling, general and administrative expenses	$ 64,251,000		$ 62,006,000		$ 63,319,000
Restructuring charges			988,000
Impairment of Long-Lived Assets Held-for-use					4,114,000
Operating income (loss)	4,724,000		(1,044,000)		(20,445,000)
Other income (expense), net	141,000		(507,000)		70,000
Gain on sale of building			3,089,000
Earnings (loss) before income taxes	4,865,000		1,538,000		(20,375,000)
Income tax expense (benefit)	8,498,000		547,000		(6,245,000)
Net earnings (loss)	$ (3,633,000)		$ 991,000		$ (14,130,000)
Basic and diluted earnings (loss) per share (in dollars per share)	$ (0.52)		$ 0.14		$ (2.01)
Average outstanding shares used in per share calculations:
Basic (in shares)	7,014		7,048		7,017
Diluted (in shares)	7,014		7,081		7,017
Dividends (in dollars per share)	$ 0.20		$ 0.40		$ 0.40
[1]	Excludes $6,468 of North American segment intercompany sales to the International segment and $14,239 intercompany sales of the International segment to the North American segment.
[2]	Excludes $7,902 of North American segment intercompany sales to the International segment and $11,677 intercompany sales of the International segment to the North American segment.
[3]	Excludes $8,259 of North American segment intercompany sales to the International segment and $9,282 intercompany sales of the International segment to the North American segment.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Net earnings (loss)	$ (3,633)	$ 991	$ (14,130)
Other comprehensive (loss):
Translation gain (loss)	(5,603)	(1,436)	(4,585)
Pension and postretirement plans, net of tax of $1,908, $1,896 and $(1,371) respectively	6,428	3,416	(1,764)
Other comprehensive income (loss)	825	1,980	(6,349)
Total comprehensive income (loss)	$ (2,808)	$ 2,971	$ (20,479)

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Loss) (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Pension and postretirement plans, tax	$ 1,908	$ 1,896	$ (1,371)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - 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
Balance at Jun. 30, 2015	$ 6,224	$ 789	$ 54,869	$ 98,164	$ (45,616)	$ 114,430
Total comprehensive income				(14,130)	(6,349)	(20,479)
Dividends				(2,806)		(2,806)
Repurchase of shares	(37)	(5)	(421)			(463)
Issuance of stock	21	18	388			427
Stock-based compensation	13		391			404
Conversion	29	(29)
Balance at Jun. 30, 2016	6,250	773	55,227	81,228	(51,965)	91,513
Total comprehensive income				991	1,980	2,971
Dividends				(2,817)		(2,817)
Repurchase of shares	(35)	(8)	(343)			(386)
Issuance of stock	23	11	301			335
Stock-based compensation	16		394			410
Conversion	14	(14)
Balance at Jun. 30, 2017	6,268	762	55,579	79,402	(49,985)	92,026
						(49,985)
Total comprehensive income				(3,633)	825	(2,808)
Dividends				(1,401)		(1,401)
Repurchase of shares	(58)	(8)	(497)			(563)
Issuance of stock	20	20	279			319
Stock-based compensation	18		280			298
Conversion	54	(54)
Balance at Jun. 30, 2018	$ 6,302	$ 720	$ 55,641	$ 74,368	(49,160)	87,871
Translation loss, net of taxes					(48,926)
Pension and postretirement plans, net of taxes					(234)
					$ (49,160)	$ (49,160)

Consolidated Statements of Sto8

Consolidated Statements of Stockholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Retained Earnings [Member]
Dividends (in dollars per share)	$ 0.20	$ 0.40	$ 0.40
Dividends (in dollars per share)	$ 0.20	$ 0.40	$ 0.40

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net earnings (loss)	$ (3,633)	$ 991	$ (14,130)
Non cash operating activities:
Gain on sale of building		(3,089)
Depreciation	5,462	5,368	5,832
Amortization	2,049	1,658	1,382
Impairment of building			4,114
Stock-based compensation	298	410	404
Net long-term tax obligations	80	(132)	(256)
Deferred taxes	7,228	498	(6,888)
Postretirement benefit and pension obligations	876	2,387	20,947
(Income) loss from equity method investment		307	(118)
Working capital changes:
Accounts receivable	(4,282)	3,863	2,774
Inventories	(3,461)	(2,498)	3,615
Other current assets	(822)	(1,192)	309
Other current liabilities	4,521	(523)	1,477
Prepaid pension expense	(4,761)	(5,481)	(5,148)
Other	500	321	22
Net cash provided by (used in) operating activities	4,055	2,888	14,336
Cash flows from investing activities:
Business acquisition, net of cash acquired		(1,324)
Additions to property, plant and equipment	(4,345)	(4,574)	(7,493)
Software development	(1,417)	(1,262)	(747)
Proceeds from sale of short-term investments			7,621
Proceeds from sale of building		3,321
Net cash provided by (used in) investing activities	(5,762)	(3,839)	(619)
Cash flows from financing activities:
Proceeds from borrowings	6,797	500	750
Debt repayments	(3,444)	(1,543)	(2,202)
Proceeds from common stock issued	319	335	427
Repurchase of shares	(563)	(386)	(463)
Dividends paid	(1,401)	(2,817)	(2,806)
Net cash provided by (used in) financing activities	1,708	(3,911)	(4,294)
Effect of translation rate changes on cash	219	(325)	(737)
Net increase (decrease) in cash	220	(5,187)	8,686
Cash beginning of year	14,607	19,794	11,108
Cash end of year	14,827	14,607	19,794
Supplemental cash flow information:
Interest paid	667	635	654
Taxes paid, net	587	(136)	1,113
Non-cash investing and financing activity:
Liability for business acquisition		$ 1,555

Note 1 - Description of Busines

Note 1 - Description of Business	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	1. The L. S. Starrett Company (the “Company”) is incorporated in the Commonwealth of Massachusetts and is in the business of manufacturing industrial, professional and consumer measuring and cutting tools and related products. The Company’s manufacturing operations are primarily in North America, Brazil, China and the United Kingdom. The largest consumer of these products is the metalworking industry, but others include automotive, aviation, marine, farm, do-it-yourselfers and tradesmen such as builders, carpenters, plumbers and electricians.

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Principles of consolidation Financial instruments and derivatives June 30, 2018 June 30, 2017 $0.0 $1.4 Accounts receivable $0.5, $0.3, $0.3 2018, 2017 2016, Inventories first first first not Property Plant and Equipment 10 50 3 12 840, four one four 75 90 none June 30, 2018 June 30, 2017 $1.2 $1.6 Intangible assets 5 20 10 15 14 20 10 8 8 16 5 Long-Lived Asset Impairment may not Recoverability of the net book value of long-lived assets is determined by comparison of the carrying amount to estimated future undiscounted net cash flows the asset group is expected to generate. Estimating these cash flows and terminal values requires management to make judgments about the growth in demand for our products, sustainability of gross margins, and our ability to achieve economies of scale. If assets are considered to be impaired, the impairment to be recognized is measured as the amount by which the carrying amount of the long-lived asset exceeds its fair value. No 2018 2017 2016 $4.1 9 Goodwill not may November 2011 October February 2017 February. October 1, 2017, no February 1, 2018, not two not two Revenue recognition no not not Advertising costs $5.1 2018, $5.2 2017 $5.0 2016 Freight costs Warranty expense one not not Pension and Other Postretirement Benefits: two one December 31, 2013, 65. On December 21, 2016, December 31, 2016. no December 31, 2016. The Company sponsors funded U.S. and non-U.S. defined benefit pension plans covering the majority of our U.S. and U.K. employees. The Company also sponsors an unfunded postretirement benefit plan that provides health care benefits and life insurance coverage to eligible U.S. retirees. Under the Company’s current accounting method, both pension plans use fair value as the market-related value of plan assets and continue to recognize actuarial gains or losses within the corridor in other comprehensive income (loss) but instead of amortizing net actuarial gains or losses in excess of the corridor in future periods, such excess gains and losses, if any, are recognized in net periodic benefit cost as of the plan measurement date, which is the same as the fiscal year end of the Company (MTM adjustment). This method is a permitted option which results in immediate recognition of excess net actuarial gains and losses in net periodic benefit cost instead of in other comprehensive income (loss). Such immediate recognition in net periodic benefit cost increases the volatility of net periodic benefit cost. The MTM adjustments to net periodic benefit cost for 2018, 2017 2016 $0.1 $0.2 $17.8 Income taxes not $55.4 June 30, 2018 not not Research and development $3.6 2018, $3.5 2017, $2.9 2016 Earnings per share (EPS) 23,771, 32,674, 32,833, 2018, 2017 2016, not Translation of foreign currencies 10. Use of accounting estimates not Recent Accounting Pronouncements In May 2014, 2014 09, 606 2014 09 five may July 1, 2018. four 2016 The guidance permits two July 1, 2018. The Company has completed its implementation procedures with respect to the new revenue recognition standard. The Company's revenues are primarily generated from the sale of finished products to customers. Those sales predominantly contain a single delivery element and revenue is recognized at a single point in time when ownership, risks and rewards transfer. The timing of revenue recognition for these product sales are not not In February 2016, No. 2016 02, 842 December 15, 2018, No. 2016 02 In October 2016, No. 2016 16, 740 third December 15, 2017. No. 2016 16 not . In January 2017, No. 2017 01, 805 2017 01 not not not 2017 01 December 15, 2017 2017 01, not No. 2017 01 no In January 2017, No. 2017 04, 350 2, not 1 December 15, 2019 January 1, 2017. In February 2018, No. 2018 02, 220 2018 02, 2017 December 15, 2018 not 2017 In February 2018, 2018 05, 740 No. 118”. 118 740, 2017 June 30, 2018. 11: 10

Note 3 - Business Acquisition

Note 3 - Business Acquisition	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Business Combination Disclosure [Text Block]	3. BUSINESS ACQUISITION In fiscal 2010, $1.5 36% third 2017, $3.6 64% $1.8 $1.8 three $1.6 30% three 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 the 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 and current liabilities (80 ) Purchase Price (1) $ 5,294 ( 1 $1,833 1,555 $1.8 5% $3,388 64% $5.294 Pro-forma financial information has not not

Note 4 - Stock-based Compensati

Note 4 - Stock-based Compensation	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	4. Long-Term Incentive Plan During the quarter ended December 31, 2012, 2012 “2012 September 5, 2012 October 17, 2012. 2012 2012 500,000 Options granted vest in periods ranging from one three ten one three June 30, 2018, 20,000 140,802 297,033 2012 June 30, 2018. 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 dividend yield is calculated by annualizing the cash dividend declared by the Company’s board of directors and dividing that result by the closing stock price on the date of grant. The expected life is determined using the average of the vesting period and contractual term of the options (simplified method). There were no 2018, 2017 2016. The weighted average contractual term for stock options outstanding as of June 30, 2018 4.5 June 30, 2018 $0.1 20,000 June 30, 2018. 2012 no The Company accounts for RSU awards by recognizing the expense of the intrinsic value at award date ratably over vesting periods generally ranging from one three June 30, 2018, 62,000 $7.22 12,433 June 30, 2017, 45,000 $10.86 June 30, 2016, 40,200 $15.11 There were 14,400 12,732 2018 2017 June 30, 2018 $0.9 June 30, 2017 $0.9 2012 $134,000, $223,000 $214,000 2018, 2017 2016 June 30, 2018, $1.5 Of this cost $1.4 not $0.1 2.1 Employee Stock Purchase Plan The Company’s Employee Stock Purchase Plans (ESPP) give eligible employees an opportunity to participate in the success of the Company. The Board of Directors renews each Employee Stock Purchase Plan every five 85% two not No 2017. No 2012 Shares On Option Weighted Average Exercise Price Shares Available For Grant Balance, June 30, 2015 54,307 414,975 Options granted 52,836 9.37 (52,836 ) Options exercised (15,523 ) 9.57 - Options canceled (27,705 ) 27,705 Balance, June 30, 2016 63,915 389,844 Options granted 55,766 7.88 (55,766 ) Options exercised (10,893 ) 8.34 - Options canceled (31,503 ) 31,503 Balance, June 30, 2017 77,285 365,581 2012 Plan Expired - (365,581 ) 2017 Plan Authorized - 500,000 Options granted 63,607 6.35 (63,607 ) Options exercised (17,561 ) 6.69 - Options canceled (52,816 ) 13,614 Balance, June 30, 2018 70,515 450,007 The following information relates to outstanding options as of June 30, 2018: Weighted average remaining life (years) 1.3 Weighted average fair value on grant date of options granted in: 2016 $ 3.34 2017 2.76 2018 2.23 The fair value of each option grant was estimated on the date of grant based on the Black-Scholes option pricing model with the following weighted average assumptions: expected stock volatility – 40.88% 41.09%, 1.68% 2.55%, 4.32% 5.00% 2 $0.13 $0.15 $0.14 2018, 2017 2016, Employee Stock Ownership Plan On February 5, 2013, 2013 “2013 4975 7 1986, December 31, 2012 There was no 2018, 2017 2016.

Note 5 - Cash

Note 5 - Cash	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Cash, Cash Equivalents, and Short-term Investments [Text Block]	5. Cash held by foreign subsidiaries amounted to $6.5 $9.0 June 30, 2018 June 30, 2017, June 30, 2018 $4.2 $0.6 The Company plans to permanently reinvest cash held in foreign subsidiaries. Cash held in foreign subsidiaries is not

Note 6 - Inventories

Note 6 - Inventories	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Inventory Disclosure [Text Block]	6. ASU No. 2015 11, 330 No. 2015 11 July 1, 2017 not Inventories consist of the following (in thousands): June 30, 2018 June 30, 2017 Raw materials and supplies $ 23,764 $ 26,293 Goods in process and finished parts 18,423 16,419 Finished goods 40,739 41,591 82,926 84,303 LIFO reserve (24,887 ) (26,206 ) $ 58,039 $ 58,097 LIFO inventories were $8.4 $7.7 June 30, 2018 June 30, 2017, $24.9 $26.2 $1.3 2018 $2.6 2017.

Note 7 - Goodwill and Intangibl

Note 7 - Goodwill and Intangibles	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	7. The following tables present information about the Company’s goodwill and identifiable intangible assets on the dates indicated (in thousands): June 30, 2018 June 30, 2017 Cost Accumulated Amortization Net Cost Accumulated Amortization Net Goodwill $ 4,668 $ - $ 4,668 $ 4,668 $ - $ 4,668 Identifiable intangible assets 18,533 (9,216 ) 9,317 17,117 (7,249 ) 9,868 Identifiable intangible assets consist of the following (in thousands): June 30, 2018 June 30, 2017 Non-compete agreements $ 600 $ 600 Trademarks and trade names 2,070 2,070 Completed technology 2,358 2,358 Customer relationships 5,580 5,580 Software development 7,600 6,184 Other intangible assets 325 325 Total 18,533 17,117 Accumulated amortization (9,216 ) (7,249 ) Total net balance $ 9,317 $ 9,868 Identifiable intangible assets are being amortized on a straight-line basis over the period of expected economic benefit. The estimated aggregate amortization expense for each of the next five Fiscal Year 2019 $ 2,291 2020 1,767 2021 1,364 2022 1,132 2023 829 Thereafter 1,934 The Company performed a quantitative analysis of its Bytewise reporting unit for its October 1, 2017 third Under the quantitative analysis, the fair value assessment of the Bytewise goodwill exceeded the carrying amount by approximately 81%. no may The Company performed a qualitative analysis for its February 1, 2018 2017 not not not February 1, 2018. may

Note 8 - Property, Plant and Eq

Note 8 - Property, Plant and Equity	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	8. Property, plant and equipment consists of the following as of June 30, 2018 2017 As of June 30, 2018 Cost Accumulated Depreciation Net Land $ 1,210 $ - $ 1,210 Buildings and building improvements 44,540 (29,774 ) 14,766 Machinery and equipment 117,573 (97,035 ) 20,538 Total $ 163,323 $ (126,809 ) $ 36,514 As of June 30, 201 7 Cost Accumulated Depreciation Net Land $ 1,223 $ - $ 1,223 Buildings and building improvements 44,980 (29,641 ) 15,339 Machinery and equipment 124,315 (101,532 ) 22,783 Total $ 170,518 $ (131,173 ) $ 39,345 No June 30, 2018 June 30, 2017. Operating lease expense was $2.3 $2.3 $2.3 2018, 2017 2016, Fiscal Year 2019 $ 2,397 2020 1,911 2021 1,840 2022 466 2023 369 Thereafter 1,167 $ 8,150

Note 9 - Impairment of Assets a

Note 9 - Impairment of Assets and Restructuring Costs	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Asset Impairment Charges [Text Block]	9. AND RESTRUCTURING COSTS In fiscal 2016, 2017. one 2016 $4.1 2016. The Company decided in January 2018 no 12 $4.1 2016, June 30, 2018, $2.0 2018, one $0.1 In addition to the impairment loss recognized in fiscal 2016, $988,000 2017.

Note 10 - Other Income and Expe

Note 10 - Other Income and Expense	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	10. Other income and expense consists of the following (in thousands): 201 8 201 7 201 6 Interest income $ 128 399 $ 504 Interest expense (845 ) (674 ) (669 ) Foreign currency gain (loss), net (316 ) (86 ) (59 ) Income (loss) from equity investment - (307 ) 118 Brazil tax settlements 1,446 - - Lawsuit settlements (666 ) (100 ) - Sale of scrap material 70 71 95 Other income (expense), net 324 190 81 $ 141 (507 ) $ 70

Note 11 - Income Taxes

Note 11 - Income Taxes	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Income Tax Disclosure [Text Block]	11. Components of earnings (loss) before income taxes are as follows (in thousands): 201 8 201 7 201 6 Domestic operations $ 1,351 $ (1,547 ) $ (17,541 ) Foreign operations 3,514 3,085 (2,834 ) $ 4,865 $ 1,538 $ (20,375 ) The provision for (benefit from) income taxes consists of the following (in thousands): 201 8 201 7 201 6 Current: Federal $ (991 ) $ (989 ) $ (317 ) Foreign 2,256 999 866 State 5 39 94 Deferred: Federal 6,772 597 (6,092 ) Foreign (396 ) (85 ) 47 State 852 (14 ) (843 ) $ 8,498 $ 547 $ (6,245 ) Reconciliations of expected tax expense at the U.S. statutory rate to actual tax expense (benefit) are as follows (in thousands): 201 8 201 7 201 6 Expected tax expense $ 1,365 $ 523 $ (6,928 ) State taxes, net of federal effect - 9 (740 ) Foreign taxes, net of federal credits (1,010 ) (210 ) 278 Change in valuation allowance 2,074 (107 ) 196 Tax reserve adjustments (38 ) 272 250 Return to provision and other adjustments (72 ) (17 ) (167 ) Losses not benefited - 123 885 Tax rate change applied to deferred tax balances 6,324 315 - Canada Real Estate Gain Deduction - (337 ) - Other permanent items (145 ) (24 ) (19 ) Actual tax expense (benefit) $ 8,498 $ 547 $ (6,245 ) On December 22, 2017, 35% 21%, one 28% 35% 2018, 21% 2019 740 No. 118 118” no one As of June 30, 2018, not one June 30, 2018, $6.3 In addition to the reduction in the federal corporate tax rate and the one June 30 2018, 2019 The tax rate of 174.7% $4.9 June 30, 2018 44.7% 2018 not The tax rate of 35.6% $1.5 June 30, 2017 one 20% 17% $0.3 $2.0 2017 The tax benefit rate of 30.7% $20.4 June 30, 2016 no 2016, no not not Net deferred tax assets at June 30, 2018 $16.7 $18.8 $5.0 Key positive evidence considered include: a) domestic book profits in 2018; 2016 one $19 not 2017 2016 In fiscal 2018, $2.1 2017, $2.3 Deferred income taxes at June 30, 2018 2017 201 8 201 7 Deferred tax assets (liabilities): Inventories $ 1,214 $ 1,753 Employee benefits (other than pension) 700 807 Book reserves 504 725 Federal NOL, various carryforward periods 551 154 State NOL, various carryforward periods 1,034 786 Foreign NOL, various carryforward periods 148 452 Foreign tax credit carryforward, expiring 2018 – 2027 5,563 4,222 Pension benefits 8,881 16,074 Retiree medical benefits 1,622 2,679 Depreciation 113 134 Intangibles (410 ) (269 ) Federal research and development and AMT credit carryforward 638 545 Other 1,180 892 Total deferred tax assets 21,738 28,954 Valuation allowance (4,999 ) (2,922 ) Net deferred tax asset $ 16,739 $ 26,032 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 international 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. Reconciliations of the beginning and ending amount of unrecognized tax benefits are as follows (in thousands): Balance at June 30, 2015 $ (11,132 ) Increase for tax positions taken during the current period (184 ) Effect of exchange rate changes 82 Decrease relating to lapse of applicable statute of limitations 414 Balance at June 30, 2016 (10,820 ) Increase for tax positions taken during the current period (813 ) Effect of exchange rate changes 38 Decrease relating to lapse of applicable statute of limitations 7 Balance at June 30, 2017 (11,588 ) Increase for tax positions taken during the current period (287 ) Increase for tax positions taken during the prior period (67 ) Effect of exchange rate changes 130 Decrease relating to lapse of applicable statute of limitations 930 Balance at June 30, 2018 $ (10,882 ) As of June 30, 2018, 2017 2016, $10.9 $11.6 $10.8 $5.4 $7.3 $7.0 The long-term tax obligations as of June 30, 2018, 2017 2016 $1.8 $2.6 June 30, 2018 2017, The Company has identified uncertain tax positions at June 30, 2018 twelve $0.2 2018 The Company’s U.S. federal tax returns for years prior to fiscal 2015 no June 30, 2018, may 2013 2017. The federal loss carryforward generated prior to fiscal 2018 $0.5 2030. $2.1 2018 $1.0 2 20 $5.6 2023 2028. $0.6 2029 2038. At June 30, 2018, $55.4 no 2018, $2.0 2017 no no not

Note 12 - Employee Benefit and

Note 12 - Employee Benefit and Retirement Plans	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	12. The Company has two one 2009. On December 21, 2016, December 31, 2016. no December 31, 2016. The amendment of the U.S. defined benefit pension plan triggered a pension curtailment which required a re-measurement of the Plan's benefit obligation as of December 31, 2016. $6.9 3.77% 4.31%, $4.2 The Company amended its Postretirement Medical Plan effective December 31, 2013 55 64. 65 $28.50 $23.00 The total cost of all such plans for fiscal 2018, 2017 2016 $2.7 $3.9 $22.2 $1.8 $1.3 $0.8 2018, 2017 2016, Under both U.S and U.K. defined benefit plans, benefits are based on years of service and final average earnings. Plan assets consist primarily of investment grade debt obligations, marketable equity securities and shares of the Company’s common stock. The asset allocation of the Company’s domestic pension plan is diversified, consisting primarily of investments in equity and debt securities. The Company seeks a long-term investment return that is reasonable given prevailing capital market expectations. Target allocations are 40% 70% 10% 20% 30% 60% In fiscal 2019 5.0% 3.0% 2018 2017, 4.3% 3.9% 2.8% 2.7% third Other than the discount rate, pension valuation assumptions are generally long-term and not may not Based upon the actuarial valuations performed on the Company’s defined benefit plans as of June 30, 2018, $4.5 2019 $1.0 2019. The table below sets forth the actual asset allocation for the assets within the Company’s plans. 2018 2017 Asset category: Cash equivalents 1 % 1 % Fixed income 27 % 18 % Equities 34 % 24 % Mutual and pooled funds 38 % 57 % 100 % 100 % The Company determines its investments strategies based upon the composition of the beneficiaries in its defined benefit plans and the relative time horizons that those beneficiaries are projected to receive payouts from the plans. The Company engages an independent investment firm to manage the U.S. pension assets. Cash equivalents are held in money market funds. The Company’s fixed income portfolio includes mutual funds that hold a combination of short-term, investment-grade fixed income securities and a diversified selection of investment-grade, fixed income securities, including corporate securities and U.S. government securities. The Company invests in equity securities, which are diversified across a spectrum of value and growth in large, medium and small capitalization funds and companies, as appropriate to achieve the objective of a balanced portfolio, optimize the expected returns and minimize volatility in the various asset classes. Other assets include pooled investment funds whose underlying assets consist primarily of property holdings as well as financial instruments designed to offset the long-term impact of inflation and interest rate fluctuations. In accordance with “ASC 820 three Financial assets are categorized based on the inputs to the valuation techniques as follows: o Level 1 o Level 2 o Level 3 The tables below show the portfolio by valuation category as of June 30, 2018 June 30, 2017 ( June 30, 2018 Asset Category Level 1 Level 2 Level 3 Total % Cash Equivalents $ 945 $ - $ - $ 945 1 % Fixed Income - 32,303 - 32,303 27 % Equities 38,988 1,521 - 40,509 34 % Mutual & Pooled Funds 8,880 36,056 - 44,936 38 % Total $ 48,813 $ 69,880 $ - $ 118,693 100 % June 30, 201 7 Asset Category Level 1 Level 2 Level 3 Total % Cash Equivalents $ 780 $ - $ - $ 780 1 % Fixed Income - 21,128 - 21,128 18 % Equities 26,580 1,709 - 28,289 24 % Mutual & Pooled Funds 31,867 35,714 - 67,581 57 % Total $ 59,227 $ 58,551 $ - $ 117,778 100 % Included in equity securities at June 30, 2018 2017 $4.8 $6.9 A reconciliation of the beginning and ending balances of Level 3 Fair Value Measurement Using Significant Unobservable Inputs (Level 3) 2018 2017 Beginning balance $ - $ 2,810 Actual returns on assets - - Translation gain (loss) - - Transferred out of Level 3 - (2,810 ) Ending balance $ - $ - U.S. and U.K. Plans Combined: The status of these defined benefit plans is as follows (in thousands): 201 8 2017 2016 Change in benefit obligation Benefit obligation at beginning of year $ 169,696 $ 175,233 $ 166,189 Service cost - 1,405 2,757 Interest cost 6,077 6,246 7,032 Plan curtailment - (4,170 ) - Exchange rate changes 707 (909 ) (7,825 ) Benefits paid (6,489 ) (6,902 ) (6,590 ) Actuarial (gain) loss (10,778 ) (1,207 ) 13,670 Benefit obligation at end of year $ 159,213 $ 169,696 $ 175,233 Change in plan assets Fair value of plan assets at beginning of year 117,778 115,015 122,787 Actual return on plan assets 2,545 5,302 226 Employer contributions 4,366 5,000 4,482 Benefits paid (6,489 ) (6,902 ) (6,590 ) Exchange rate changes 493 (637 ) (5,890 ) Fair value of plan assets at end of year 118,693 117,778 115,015 Funded status at end of year $ (40,520 ) $ (51,918 ) $ (60,218 ) Amounts recognized in balance sheet Current liability $ (67 ) $ (63 ) $ (45 ) Noncurrent liability (40,453 ) (51,855 ) (60,173 ) Net amount recognized in balance sheet $ (40,520 ) $ (51,918 ) $ (60,218 ) Amounts not yet reflected in net periodic benefit costs and included in accumulated other comprehensive loss Prior service cost $ - $ - $ - Accumulated loss (4,038 ) (12,131 ) (17,849 ) Amounts not yet recognized as a component of net periodic benefit cost (4,038 ) (12,131 ) (17,849 ) Accumulated net periodic benefit cost in excess of contributions (36,482 ) (39,787 ) (42,369 ) Net amount recognized $ (40,520 ) $ (51,918 ) $ (60,218 ) Components of net periodic benefit cost Service cost $ - $ 1,405 $ 2,757 Interest cost 6,077 6,246 7,032 Expected return on plan assets (5,140 ) (5,173 ) (6,268 ) Recognized actuarial loss 26 107 17,878 Net periodic benefit cost $ 963 $ 2,585 $ 21,399 Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year Prior service cost $ - $ - $ - Net loss (28 ) (26 ) (114 ) Information for pension plans with accumulated benefits in excess of plan assets Projected benefit obligation $ 159,213 $ 169,696 $ 175,233 Accumulated benefit obligation 159,213 169,696 168,119 Fair value of assets 118,693 117,778 115,015 U.S. Plan: The status of the U.S. defined benefit plan is as follows (in thousands): 2018 2017 2016 Change in benefit obligation Benefit obligation at beginning of year $ 124,138 $ 130,863 $ 116,398 Service cost - 1,405 2,757 Interest cost 4,804 4,994 5,248 Plan curtailment - (4,170 ) - Benefits paid (4,786 ) (5,106 ) (4,593 ) Actuarial (gain) loss (7,879 ) (3,848 ) 11,053 Benefit obligation at end of year $ 116,277 $ 124,138 $ 130,863 Weighted average assumptions – benefit obligation Discount rate 4.27 % 3.92 % 3.77 % Rate of compensation increase n/a Varies Varies Change in plan assets Fair value of plan assets at beginning of year $ 81,928 $ 81,910 $ 84,853 Actual return on plan assets 1,645 1,079 (1,730 ) Employer contributions 3,353 4,045 3,380 Benefits paid (4,786 ) (5,106 ) (4,593 ) Fair value of plan assets at end of year 82,140 81,928 81,910 Funded status at end of year $ (34,137 ) $ (42,210 ) $ (48,953 ) Amounts recognized in balance sheet Current liability $ (67 ) $ (63 ) $ (45 ) Noncurrent liability (34,070 ) (42,147 ) (48,908 ) Net amount recognized in balance sheet $ (34,137 ) $ (42,210 ) $ (48,953 ) Weighted average assumptions – net periodic benefit cost Discount rate 3.92 % 3.77 % 4.49 % Rate of compensation increase Varies Varies Varies Return on plan assets 5.00 % 5.00 % 5.50 % Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive loss Prior service cost $ - $ - $ - Accumulated loss (2,731 ) (8,254 ) (13,412 ) Amounts not yet recognized as a component of net periodic benefit cost (2,731 ) (8,254 ) (13,412 ) Accumulated contributions less than net periodic benefit cost (31,406 ) (33,956 ) (35,541 ) Net amount recognized $ (34,137 ) $ (42,210 ) $ (48,953 ) Components of net periodic benefit cost Service cost $ - $ 1,405 $ 2,757 Interest cost 4,804 4,994 5,248 Expected return on plan assets (4,026 ) (4,046 ) (4,589 ) Recognized actuarial loss 26 107 15,779 Net periodic benefit cost $ 804 $ 2,460 $ 19,195 Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year Prior service cost $ - $ - Net loss (28 ) (26 ) (114 ) Information for plan with accumulated benefits in excess of plan assets Projected benefit obligation $ 116,277 $ 124,138 $ 130,863 Accumulated benefit obligation 116,277 124,138 123,749 Fair value of assets 82,140 81,928 81,910 U.K. Plan: The status of the U.K. defined benefit plan is as follows (in thousands): 2018 2017 2016 Change in benefit obligation Benefit obligation at beginning of year $ 45,558 $ 44,370 $ 49,791 Interest cost 1,273 1,252 1,784 Exchange rate changes 707 (909 ) (7,825 ) Benefits paid (1,703 ) (1,796 ) (1,997 ) Actuarial (gain) loss (2,899 ) 2,641 2,617 Benefit obligation at end of year $ 42,936 $ 45,558 $ 44,370 Weighted average assumptions - benefit obligation Discount rate 2.80 % 2.73 % 3.00 % Rate of compensation increase n/a n/a n/a Change in plan assets Fair value of plan assets at beginning of year $ 35,850 $ 33,105 $ 37,934 Actual return on plan assets 900 4,223 1,956 Employer contributions 1,013 954 1,102 Benefits paid (1,703 ) (1,796 ) (1,997 ) Exchange rate changes 493 (636 ) (5,890 ) Fair value of plan assets at end of year 36,553 35,850 33,105 Funded status at end of year $ (6,383 ) $ (9,708 ) (11,265 ) Amounts recognized in balance sheet Current liability $ — $ — $ — Noncurrent liability (6,383 ) (9,708 ) (11,265 ) Net amount recognized in balance sheet $ (6,383 ) $ (9,708 ) $ (11,265 ) Weighted average assumptions – net periodic benefit cost Discount rate 2.73 % 3.00 % 3.90 % Rate of compensation increase n/a n/a n/a Return on plan assets 3.01 % 3.59 % 4.77 % Amounts not yet reflected in net periodic benefit costs and included in accumulated other comprehensive loss Prior service cost $ — $ — $ — Accumulated loss (1,307 ) (3,877 ) (4,437 ) Amounts not yet recognized as a component of net periodic benefit cost (1,307 ) (3,877 ) (4,437 ) Accumulated net periodic benefit cost in excess of contributions (5,076 ) (5,831 ) (6,828 ) Net amount recognized $ (6,383 ) $ (9,708 ) $ (11,265 ) Components of net periodic benefit cost Service cost $ — $ — $ — Interest cost 1,273 1,252 1,784 Expected return on plan assets (1,114 ) (1,127 ) (1,679 ) Amortization of net loss — — 2,099 Net periodic benefit cost $ 159 $ 125 $ 2,204 Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year $ — $ — $ — Information for plan with accumulated benefits in excess of plan assets Projected benefit obligation $ 42,936 $ 45,558 $ 44,370 Accumulated benefit obligation 42,936 45,558 44,370 Fair value of assets 36,553 35,850 33,105 Postretirement Medical and Life Insurance Benefits: The status of the U.S. postretirement medical and life insurance benefit plan is as follows (in thousands): 2018 2017 2016 Change in benefit obligation: Benefit obligation at beginning of year $ 7,086 $ 7,381 $ 6,611 Service cost 85 85 105 Interest cost 270 269 287 Benefits paid (388 ) (483 ) (772 ) Actuarial (gain) loss (668 ) (166 ) 1,150 Benefit obligation at end of year $ 6,385 $ 7,086 $ 7,381 Weighted average assumptions: benefit obligations Discount rate 4.27 % 3.92 % 3.77 % Rate of compensation increase 2.64 % 2.64 % 2.64 % Change in plan assets Fair value of plan assets at beginning of year $ — $ — $ — Employer contributions 388 483 772 Benefits paid, net of employee contributions (388 ) (483 ) (772 ) Fair value of plan assets at end of year — — — Amounts recognized in balance sheet Current postretirement benefit obligation $ (338 ) $ (370 ) $ (396 ) Non-current postretirement benefit obligation (6,047 ) (6,716 ) (6,985 ) Net amount recognized in balance sheet $ (6,385 ) $ (7,086 ) $ (7,381 ) Weighted average assumptions – net periodic benefit cost Discount rate 3.92 % 3.77 % 4.49 % Rate of compensation increase 2.64 % 2.64 % 2.64 % Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive loss Prior service credit $ 3,314 $ 3,851 $ 4,523 Accumulated gain (loss) (928 ) (1,696 ) (1,983 ) Amounts not yet recognized as a component of net periodic benefit cost 2,386 2,155 2,540 Net periodic benefit cost in excess of accumulated contributions (8,771 ) (9,241 ) (9,921 ) Net amount recognized $ (6,385 ) $ (7,086 ) $ (7,381 ) Components of net periodic benefit cost Service cost $ 85 $ 85 $ 105 Interest cost 270 269 287 Amortization of prior service credit (537 ) (673 ) (781 ) Amortization of accumulated loss 99 121 15 Net periodic benefit cost $ (83 ) $ (198 ) $ (374 ) Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year Prior service credit $ 537 $ 537 $ 673 Net loss (30 ) (99 ) (120 ) $ 507 $ 438 $ 553 Healthcare cost trend rate assumed for next year 6.60 % 6.60 % 6.90 % Rate to which the cost trend rate gradually declines 4.50 % 4.50 % 4.50 % Year that the rate reaches the rate at which it is assumed to remain 2037 2037 2037 Assumed health care cost trend rates have a significant effect on the amounts reported for the health care plans. A one 1% Increase 201 8 201 7 201 6 Effect on total of service and interest cost $ - $ - $ - Effect on postretirement benefit obligation 1 2 2 1% Decrease 201 8 201 7 201 6 Effect on total of service and interest cost $ - $ - $ - Effect on postretirement benefit obligation (1 ) (2 ) (2 ) For fiscal 2019, $4.5 $1.0 $338,000 Future pension and other benefit payments are as follows (in thousands): Fiscal Year Pension Other Benefits 2019 $ 7,192 $ 338 2020 7,405 342 2021 7,612 347 2022 7,971 355 2023 8,201 347 2024 - 2028 44,223 1,844

Note 13 - Debt

Note 13 - Debt	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Debt Disclosure [Text Block]	13. Debt is comprised of the following (in thousands): June 30, 2018 June 30, 2017 Short-term and current maturities Loan and Security Agreement $ 1,688 $ 11,514 Other loans 1,967 - Long-term debt Loan and Security Agreement, net of current portion 17,307 6,095 Total debt $ 20,962 $ 17,609 Future maturities of debt are as follows (in thousands): Fiscal Year 2019 $ 3,655 2020 1,765 2021 14,747 2022 795 2023 - Thereafter - Total $ 20,962 The Company completed the negotiations for an amended Loan and Security Agreement, which includes a Line of Credit and a term loan, and executed the new agreement as of January 30, 2018 may not $23.0 April 30, 2021 1.5%. 2018 3.33%. The material financial covenants of the amended Loan and Security Agreement are: 1 2.25 1; 2 $15.0 3 1.25 1 4 not $10.0 June 30, 2018, On November 22, 2011, $15.5 ten 4.5% $160,640. June 30, 2018, $6.1 Availability under the Line of Credit is subject to a borrowing base comprised of accounts receivable and inventory. The Company believes that the borrowing base will consistently produce availability under the Line of Credit in excess of $23.0 June 30, 2018, $12.9 0.25% The Company has one $0.9 $23.0 $22.1 June 30, 2018, $9.2 The obligations under 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 above in consecutive quarters. In December 2017, two $3.5 $1.5 180 4.19% $2.0 360 4.75%. June 30, 2018, $2.0

Note 14 - Common Stock

Note 14 - Common Stock	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	14. Class B common stock is identical to Class A except that it has 10 25% 75%

Note 15 - Contingencies

Note 15 - Contingencies	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	15. The Company is involved in certain legal matters which arise in the normal course of business and are not

Note 16 - Concentrations of Cre

Note 16 - Concentrations of Credit Risk	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	16. The Company believes it has no June 30, 2018. none 10%

Note 17 - Financial Information

Note 17 - Financial Information by Segment and Geographic Area	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	17. The Company offers its broad array of measuring and cutting products to the market through multiple channels of distribution throughout the world. The Company’s products include precision tools, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, reciprocating saw blades, M1® 2016, one two The North American segment’s operations include all manufacturing and sales in the United States, Canada and Mexico. The International segment’s operations include all locations outside North America, primarily in Brazil, United Kingdom and China. The chief operating decision maker reviews operations on a geographical basis and decisions about where to invest the Company’s resources are made based on the current results and forecasts of operations in those geographies. Since the markets for the Company’s products are sufficiently different in North America than they are in the rest of the world and in view of the significant impact that currency fluctuation plays outside the United States on the revenue of the Company, the Company’s business review separates North America from operations outside North America. For this reason, the Company is reflecting two Segment income is measured for internal reporting purposes by excluding corporate expenses, other income and expense including interest income and interest expense and income taxes. Corporate expenses consist primarily of executive compensation, certain professional fees, and costs associated with the Company’s global headquarters. Financial results for each reportable segment are as follows (in thousands): Year Ended June 30, 2018 North America International Unallocated Total Sales 1 $ 128,442 $ 87,886 $ - $ 216,328 Operating income 8,175 2,128 (5,579 ) 4,724 Capital expenditures and software development 3,426 2,336 - 5,762 Depreciation and amortization 4,923 2,588 - 7,511 Current assets 4 37,546 60,855 14,827 113,228 Long-lived assets 5 37,489 13,010 18,559 69,058 Year Ended June 30, 2017 North America International Unallocated Total Sales 2 $ 124,606 $ 82,417 $ - $ 207,023 Restructuring charges (82 ) (906 ) - (988 ) Operating income 6,138 268 (7,450 ) (1,044 ) Capital expenditures and software development 2,765 3,071 - 5,836 Depreciation and amortization 4,551 2,475 - 7,026 Current assets 4 33,555 61,961 14,607 110,123 Long-lived assets 5 39,199 14,684 28,659 82,542 Year Ended June 30, 2016 North America International Unallocated Total Sales 3 $ 130,108 $ 79,577 $ - $ 209,685 Asset impairment 4,114 - - 4,114 Operating loss (8,311 ) (3,117 ) (9,017 ) (20,445 ) Capital expenditures and software development 5,040 3,200 - 8,240 Depreciation and amortization 4,537 2,677 - 7,214 Current assets 4 33,787 62,810 24,314 120,911 Long-lived assets 5 36,539 13,995 30,153 80,687 1 $6,468 $14,239 2 $7,902 $11,677 3 $8,259 $9,282 4 not 5 not Geographic information about the Company’s sales and long-lived assets are as follows (in thousands): Sales Year Ended June 30, North America 2018 2017 2016 United States $ 119,226 $ 115,562 $ 119,638 Canada & Mexico 9,216 9,044 10,470 128,442 124,606 130,108 International Brazil 49,726 45,614 43,283 United Kingdom 25,099 24,954 24,485 China 7,323 6,873 7,207 Australia & New Zealand 5,738 4,976 4,602 87,886 82,417 79,577 Total Sales $ 216,328 $ 207,023 $ 209,685 Long-lived Assets Year Ended June 30, North America 2018 2017 2016 United States $ 37,437 $ 39,131 $ 36,189 Canada & Mexico 52 68 350 37,489 39,199 36,539 International Brazil 8,662 10,111 8,818 United Kingdom 1,876 1,976 2,143 China 2,346 2,426 2,887 Australia & New Zealand 126 171 147 13,010 14,684 13,995 Total Long Lived Assets $ 50,499 $ 53,883 $ 50,534

Note 18 - Quarterly Financial D

Note 18 - Quarterly Financial Data (Unaudited)	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Quarterly Financial Information [Text Block]	18. TERLY FINANCIAL DATA (unaudited ) (in thousands except per share data) Quarter Ended Net Sales Gross Margin Earnings Before Income Taxes Net Earnings / (Loss) Basic and Diluted Earnings / (Loss) Per Share September 2016 $ 48,913 $ 13,914 $ 1,476 $ 759 $ 0.11 December 2016 53,187 16,822 1,517 1,063 0.15 March 2017 50,670 14,479 (1,244 ) (786 ) (0.11 ) June 2017 54,253 16,735 (211 ) (45 ) (0.01 ) $ 207,023 $ 61,950 $ 1,538 $ 991 $ 0.14 September 2017 $ 51,818 $ 16,539 $ 640 $ 426 $ 0.06 December 2017 52,124 15,930 1,097 (6,521 ) (0.93 ) March 2018 54,834 18,072 2,337 1,637 0.23 June 2018 57,552 18,434 791 825 0.12 $ 216,328 $ 68,975 $ 4,865 $ (3,633 ) $ (0.52 )

Note 19 - Related Party Transac

Note 19 - Related Party Transactions	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	19. In the fourth 2016, June 30, 2018. $3.8 $5.1 $3.2 2018, 2017 2016, no June 30, 2018, $0.2 June 30, 2017.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS Schedule II Valuation and Qualifying Accounts Allowance for Doubtful Accounts (in 000) Balance at Beginning of Period Provisions Charges to Other Accounts Write-offs Balance at End of Period Year Ended June 30, 2018 $ 946 $ 539 $ (71 ) $ (137 ) $ 1,277 Year Ended June 30, 2017 887 284 (23 ) (202 ) 946 Year Ended June 30, 2016 612 352 (2 ) (75 ) 887 Valuation Allowance on Deferred Tax Asset (in 000) Balance at Beginning of Period Provisions Charges to Other Accounts Write-offs Balance at End of Period Year Ended June 30, 2018 $ 2,922 $ 2,077 $ - $ - $ 4,999 Year Ended June 30, 2017 5,246 117 1 (2,442 ) 2,922 Year Ended June 30, 2016 4,501 1,193 (344 ) (104 ) 5,246 All other financial statement schedules are omitted because they are inapplicable, not

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of consolidation
Financial Instruments and Derivatives [Policy Text Block]	Financial instruments and derivatives June 30, 2018 June 30, 2017 $0.0 $1.4
Receivables, Policy [Policy Text Block]	Accounts receivable $0.5, $0.3, $0.3 2018, 2017 2016,
Inventory, Policy [Policy Text Block]	Inventories first first first not
Property, Plant and Equipment, Policy [Policy Text Block]	Property Plant and Equipment 10 50 3 12 840, four one four 75 90 none June 30, 2018 June 30, 2017 $1.2 $1.6
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Intangible assets 5 20 10 15 14 20 10 8 8 16 5
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Long-Lived Asset Impairment may not Recoverability of the net book value of long-lived assets is determined by comparison of the carrying amount to estimated future undiscounted net cash flows the asset group is expected to generate. Estimating these cash flows and terminal values requires management to make judgments about the growth in demand for our products, sustainability of gross margins, and our ability to achieve economies of scale. If assets are considered to be impaired, the impairment to be recognized is measured as the amount by which the carrying amount of the long-lived asset exceeds its fair value. No 2018 2017 2016 $4.1 9
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill not may November 2011 October February 2017 February. October 1, 2017, no February 1, 2018, not two not two
Revenue Recognition, Policy [Policy Text Block]	Revenue recognition no not not
Advertising Costs, Policy [Policy Text Block]	Advertising costs $5.1 2018, $5.2 2017 $5.0 2016
Shipping and Handling Cost, Policy [Policy Text Block]	Freight costs
Standard Product Warranty, Policy [Policy Text Block]	Warranty expense one not not
Pension and Other Postretirement Plans, Policy [Policy Text Block]	Pension and Other Postretirement Benefits: two one December 31, 2013, 65. On December 21, 2016, December 31, 2016. no December 31, 2016. The Company sponsors funded U.S. and non-U.S. defined benefit pension plans covering the majority of our U.S. and U.K. employees. The Company also sponsors an unfunded postretirement benefit plan that provides health care benefits and life insurance coverage to eligible U.S. retirees. Under the Company’s current accounting method, both pension plans use fair value as the market-related value of plan assets and continue to recognize actuarial gains or losses within the corridor in other comprehensive income (loss) but instead of amortizing net actuarial gains or losses in excess of the corridor in future periods, such excess gains and losses, if any, are recognized in net periodic benefit cost as of the plan measurement date, which is the same as the fiscal year end of the Company (MTM adjustment). This method is a permitted option which results in immediate recognition of excess net actuarial gains and losses in net periodic benefit cost instead of in other comprehensive income (loss). Such immediate recognition in net periodic benefit cost increases the volatility of net periodic benefit cost. The MTM adjustments to net periodic benefit cost for 2018, 2017 2016 $0.1 $0.2 $17.8
Income Tax, Policy [Policy Text Block]	Income taxes not $55.4 June 30, 2018 not not
Research and Development Expense, Policy [Policy Text Block]	Research and development $3.6 2018, $3.5 2017, $2.9 2016
Earnings Per Share, Policy [Policy Text Block]	Earnings per share (EPS) 23,771, 32,674, 32,833, 2018, 2017 2016, not
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Translation of foreign currencies 10.
Use of Estimates, Policy [Policy Text Block]	Use of accounting estimates not
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In May 2014, 2014 09, 606 2014 09 five may July 1, 2018. four 2016 The guidance permits two July 1, 2018. The Company has completed its implementation procedures with respect to the new revenue recognition standard. The Company's revenues are primarily generated from the sale of finished products to customers. Those sales predominantly contain a single delivery element and revenue is recognized at a single point in time when ownership, risks and rewards transfer. The timing of revenue recognition for these product sales are not not In February 2016, No. 2016 02, 842 December 15, 2018, No. 2016 02 In October 2016, No. 2016 16, 740 third December 15, 2017. No. 2016 16 not . In January 2017, No. 2017 01, 805 2017 01 not not not 2017 01 December 15, 2017 2017 01, not No. 2017 01 no In January 2017, No. 2017 04, 350 2, not 1 December 15, 2019 January 1, 2017. In February 2018, No. 2018 02, 220 2018 02, 2017 December 15, 2018 not 2017 In February 2018, 2018 05, 740 No. 118”. 118 740, 2017 June 30, 2018. 11: 10

Note 3 - Business Acquisition (

Note 3 - Business Acquisition (Tables)	12 Months Ended
	Jun. 30, 2018
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 and current liabilities (80 ) Purchase Price (1) $ 5,294

Note 4 - Stock-based Compensa32

Note 4 - Stock-based Compensation (Tables)	12 Months Ended
	Jun. 30, 2018
Notes Tables
Share-based Compensation, Stock Options, Activity [Table Text Block]	Shares On Option Weighted Average Exercise Price Shares Available For Grant Balance, June 30, 2015 54,307 414,975 Options granted 52,836 9.37 (52,836 ) Options exercised (15,523 ) 9.57 - Options canceled (27,705 ) 27,705 Balance, June 30, 2016 63,915 389,844 Options granted 55,766 7.88 (55,766 ) Options exercised (10,893 ) 8.34 - Options canceled (31,503 ) 31,503 Balance, June 30, 2017 77,285 365,581 2012 Plan Expired - (365,581 ) 2017 Plan Authorized - 500,000 Options granted 63,607 6.35 (63,607 ) Options exercised (17,561 ) 6.69 - Options canceled (52,816 ) 13,614 Balance, June 30, 2018 70,515 450,007
Share-based Compensation, Performance Shares Award Outstanding Activity [Table Text Block]	Weighted average remaining life (years) 1.3 Weighted average fair value on grant date of options granted in: 2016 $ 3.34 2017 2.76 2018 2.23

Note 6 - Inventories (Tables)

Note 6 - Inventories (Tables)	12 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 30, 2018 June 30, 2017 Raw materials and supplies $ 23,764 $ 26,293 Goods in process and finished parts 18,423 16,419 Finished goods 40,739 41,591 82,926 84,303 LIFO reserve (24,887 ) (26,206 ) $ 58,039 $ 58,097

Note 7 - Goodwill and Intangi34

Note 7 - Goodwill and Intangibles (Tables)	12 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	June 30, 2018 June 30, 2017 Cost Accumulated Amortization Net Cost Accumulated Amortization Net Goodwill $ 4,668 $ - $ 4,668 $ 4,668 $ - $ 4,668 Identifiable intangible assets 18,533 (9,216 ) 9,317 17,117 (7,249 ) 9,868
Schedule of Finite-Lived Intangible Assets [Table Text Block]	June 30, 2018 June 30, 2017 Non-compete agreements $ 600 $ 600 Trademarks and trade names 2,070 2,070 Completed technology 2,358 2,358 Customer relationships 5,580 5,580 Software development 7,600 6,184 Other intangible assets 325 325 Total 18,533 17,117 Accumulated amortization (9,216 ) (7,249 ) Total net balance $ 9,317 $ 9,868
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Fiscal Year 2019 $ 2,291 2020 1,767 2021 1,364 2022 1,132 2023 829 Thereafter 1,934

Note 8 - Property, Plant and 35

Note 8 - Property, Plant and Equity (Tables)	12 Months Ended
	Jun. 30, 2018
Notes Tables
Property, Plant and Equipment [Table Text Block]	As of June 30, 2018 Cost Accumulated Depreciation Net Land $ 1,210 $ - $ 1,210 Buildings and building improvements 44,540 (29,774 ) 14,766 Machinery and equipment 117,573 (97,035 ) 20,538 Total $ 163,323 $ (126,809 ) $ 36,514 As of June 30, 201 7 Cost Accumulated Depreciation Net Land $ 1,223 $ - $ 1,223 Buildings and building improvements 44,980 (29,641 ) 15,339 Machinery and equipment 124,315 (101,532 ) 22,783 Total $ 170,518 $ (131,173 ) $ 39,345
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Fiscal Year 2019 $ 2,397 2020 1,911 2021 1,840 2022 466 2023 369 Thereafter 1,167 $ 8,150

Note 10 - Other Income and Ex36

Note 10 - Other Income and Expense (Tables)	12 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Other Nonoperating Income (Expense) [Table Text Block]	201 8 201 7 201 6 Interest income $ 128 399 $ 504 Interest expense (845 ) (674 ) (669 ) Foreign currency gain (loss), net (316 ) (86 ) (59 ) Income (loss) from equity investment - (307 ) 118 Brazil tax settlements 1,446 - - Lawsuit settlements (666 ) (100 ) - Sale of scrap material 70 71 95 Other income (expense), net 324 190 81 $ 141 (507 ) $ 70

Note 11 - Income Taxes (Tables)

Note 11 - Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Components of Income Before Income Taxes [Table Text Block]	201 8 201 7 201 6 Domestic operations $ 1,351 $ (1,547 ) $ (17,541 ) Foreign operations 3,514 3,085 (2,834 ) $ 4,865 $ 1,538 $ (20,375 )
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	201 8 201 7 201 6 Current: Federal $ (991 ) $ (989 ) $ (317 ) Foreign 2,256 999 866 State 5 39 94 Deferred: Federal 6,772 597 (6,092 ) Foreign (396 ) (85 ) 47 State 852 (14 ) (843 ) $ 8,498 $ 547 $ (6,245 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	201 8 201 7 201 6 Expected tax expense $ 1,365 $ 523 $ (6,928 ) State taxes, net of federal effect - 9 (740 ) Foreign taxes, net of federal credits (1,010 ) (210 ) 278 Change in valuation allowance 2,074 (107 ) 196 Tax reserve adjustments (38 ) 272 250 Return to provision and other adjustments (72 ) (17 ) (167 ) Losses not benefited - 123 885 Tax rate change applied to deferred tax balances 6,324 315 - Canada Real Estate Gain Deduction - (337 ) - Other permanent items (145 ) (24 ) (19 ) Actual tax expense (benefit) $ 8,498 $ 547 $ (6,245 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	201 8 201 7 Deferred tax assets (liabilities): Inventories $ 1,214 $ 1,753 Employee benefits (other than pension) 700 807 Book reserves 504 725 Federal NOL, various carryforward periods 551 154 State NOL, various carryforward periods 1,034 786 Foreign NOL, various carryforward periods 148 452 Foreign tax credit carryforward, expiring 2018 – 2027 5,563 4,222 Pension benefits 8,881 16,074 Retiree medical benefits 1,622 2,679 Depreciation 113 134 Intangibles (410 ) (269 ) Federal research and development and AMT credit carryforward 638 545 Other 1,180 892 Total deferred tax assets 21,738 28,954 Valuation allowance (4,999 ) (2,922 ) Net deferred tax asset $ 16,739 $ 26,032
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	Balance at June 30, 2015 $ (11,132 ) Increase for tax positions taken during the current period (184 ) Effect of exchange rate changes 82 Decrease relating to lapse of applicable statute of limitations 414 Balance at June 30, 2016 (10,820 ) Increase for tax positions taken during the current period (813 ) Effect of exchange rate changes 38 Decrease relating to lapse of applicable statute of limitations 7 Balance at June 30, 2017 (11,588 ) Increase for tax positions taken during the current period (287 ) Increase for tax positions taken during the prior period (67 ) Effect of exchange rate changes 130 Decrease relating to lapse of applicable statute of limitations 930 Balance at June 30, 2018 $ (10,882 )

Note 12 - Employee Benefit an38

Note 12 - Employee Benefit and Retirement Plans (Tables)	12 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Allocation of Plan Assets [Table Text Block]	2018 2017 Asset category: Cash equivalents 1 % 1 % Fixed income 27 % 18 % Equities 34 % 24 % Mutual and pooled funds 38 % 57 % 100 % 100 %
Schedule of Portfolio By Valuation Category [Table Text Block]	June 30, 2018 Asset Category Level 1 Level 2 Level 3 Total % Cash Equivalents $ 945 $ - $ - $ 945 1 % Fixed Income - 32,303 - 32,303 27 % Equities 38,988 1,521 - 40,509 34 % Mutual & Pooled Funds 8,880 36,056 - 44,936 38 % Total $ 48,813 $ 69,880 $ - $ 118,693 100 % June 30, 201 7 Asset Category Level 1 Level 2 Level 3 Total % Cash Equivalents $ 780 $ - $ - $ 780 1 % Fixed Income - 21,128 - 21,128 18 % Equities 26,580 1,709 - 28,289 24 % Mutual & Pooled Funds 31,867 35,714 - 67,581 57 % Total $ 59,227 $ 58,551 $ - $ 117,778 100 %
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]	Fair Value Measurement Using Significant Unobservable Inputs (Level 3) 2018 2017 Beginning balance $ - $ 2,810 Actual returns on assets - - Translation gain (loss) - - Transferred out of Level 3 - (2,810 ) Ending balance $ - $ -
Schedule of Changes in Projected Benefit Obligations [Table Text Block]	201 8 2017 2016 Change in benefit obligation Benefit obligation at beginning of year $ 169,696 $ 175,233 $ 166,189 Service cost - 1,405 2,757 Interest cost 6,077 6,246 7,032 Plan curtailment - (4,170 ) - Exchange rate changes 707 (909 ) (7,825 ) Benefits paid (6,489 ) (6,902 ) (6,590 ) Actuarial (gain) loss (10,778 ) (1,207 ) 13,670 Benefit obligation at end of year $ 159,213 $ 169,696 $ 175,233 Change in plan assets Fair value of plan assets at beginning of year 117,778 115,015 122,787 Actual return on plan assets 2,545 5,302 226 Employer contributions 4,366 5,000 4,482 Benefits paid (6,489 ) (6,902 ) (6,590 ) Exchange rate changes 493 (637 ) (5,890 ) Fair value of plan assets at end of year 118,693 117,778 115,015 Funded status at end of year $ (40,520 ) $ (51,918 ) $ (60,218 ) Amounts recognized in balance sheet Current liability $ (67 ) $ (63 ) $ (45 ) Noncurrent liability (40,453 ) (51,855 ) (60,173 ) Net amount recognized in balance sheet $ (40,520 ) $ (51,918 ) $ (60,218 ) Amounts not yet reflected in net periodic benefit costs and included in accumulated other comprehensive loss Prior service cost $ - $ - $ - Accumulated loss (4,038 ) (12,131 ) (17,849 ) Amounts not yet recognized as a component of net periodic benefit cost (4,038 ) (12,131 ) (17,849 ) Accumulated net periodic benefit cost in excess of contributions (36,482 ) (39,787 ) (42,369 ) Net amount recognized $ (40,520 ) $ (51,918 ) $ (60,218 ) Components of net periodic benefit cost Service cost $ - $ 1,405 $ 2,757 Interest cost 6,077 6,246 7,032 Expected return on plan assets (5,140 ) (5,173 ) (6,268 ) Recognized actuarial loss 26 107 17,878 Net periodic benefit cost $ 963 $ 2,585 $ 21,399 Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year Prior service cost $ - $ - $ - Net loss (28 ) (26 ) (114 ) Information for pension plans with accumulated benefits in excess of plan assets Projected benefit obligation $ 159,213 $ 169,696 $ 175,233 Accumulated benefit obligation 159,213 169,696 168,119 Fair value of assets 118,693 117,778 115,015 2018 2017 2016 Change in benefit obligation Benefit obligation at beginning of year $ 124,138 $ 130,863 $ 116,398 Service cost - 1,405 2,757 Interest cost 4,804 4,994 5,248 Plan curtailment - (4,170 ) - Benefits paid (4,786 ) (5,106 ) (4,593 ) Actuarial (gain) loss (7,879 ) (3,848 ) 11,053 Benefit obligation at end of year $ 116,277 $ 124,138 $ 130,863 Weighted average assumptions – benefit obligation Discount rate 4.27 % 3.92 % 3.77 % Rate of compensation increase n/a Varies Varies Change in plan assets Fair value of plan assets at beginning of year $ 81,928 $ 81,910 $ 84,853 Actual return on plan assets 1,645 1,079 (1,730 ) Employer contributions 3,353 4,045 3,380 Benefits paid (4,786 ) (5,106 ) (4,593 ) Fair value of plan assets at end of year 82,140 81,928 81,910 Funded status at end of year $ (34,137 ) $ (42,210 ) $ (48,953 ) Amounts recognized in balance sheet Current liability $ (67 ) $ (63 ) $ (45 ) Noncurrent liability (34,070 ) (42,147 ) (48,908 ) Net amount recognized in balance sheet $ (34,137 ) $ (42,210 ) $ (48,953 ) Weighted average assumptions – net periodic benefit cost Discount rate 3.92 % 3.77 % 4.49 % Rate of compensation increase Varies Varies Varies Return on plan assets 5.00 % 5.00 % 5.50 % Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive loss Prior service cost $ - $ - $ - Accumulated loss (2,731 ) (8,254 ) (13,412 ) Amounts not yet recognized as a component of net periodic benefit cost (2,731 ) (8,254 ) (13,412 ) Accumulated contributions less than net periodic benefit cost (31,406 ) (33,956 ) (35,541 ) Net amount recognized $ (34,137 ) $ (42,210 ) $ (48,953 ) Components of net periodic benefit cost Service cost $ - $ 1,405 $ 2,757 Interest cost 4,804 4,994 5,248 Expected return on plan assets (4,026 ) (4,046 ) (4,589 ) Recognized actuarial loss 26 107 15,779 Net periodic benefit cost $ 804 $ 2,460 $ 19,195 Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year Prior service cost $ - $ - Net loss (28 ) (26 ) (114 ) Information for plan with accumulated benefits in excess of plan assets Projected benefit obligation $ 116,277 $ 124,138 $ 130,863 Accumulated benefit obligation 116,277 124,138 123,749 Fair value of assets 82,140 81,928 81,910 2018 2017 2016 Change in benefit obligation Benefit obligation at beginning of year $ 45,558 $ 44,370 $ 49,791 Interest cost 1,273 1,252 1,784 Exchange rate changes 707 (909 ) (7,825 ) Benefits paid (1,703 ) (1,796 ) (1,997 ) Actuarial (gain) loss (2,899 ) 2,641 2,617 Benefit obligation at end of year $ 42,936 $ 45,558 $ 44,370 Weighted average assumptions - benefit obligation Discount rate 2.80 % 2.73 % 3.00 % Rate of compensation increase n/a n/a n/a Change in plan assets Fair value of plan assets at beginning of year $ 35,850 $ 33,105 $ 37,934 Actual return on plan assets 900 4,223 1,956 Employer contributions 1,013 954 1,102 Benefits paid (1,703 ) (1,796 ) (1,997 ) Exchange rate changes 493 (636 ) (5,890 ) Fair value of plan assets at end of year 36,553 35,850 33,105 Funded status at end of year $ (6,383 ) $ (9,708 ) (11,265 ) Amounts recognized in balance sheet Current liability $ — $ — $ — Noncurrent liability (6,383 ) (9,708 ) (11,265 ) Net amount recognized in balance sheet $ (6,383 ) $ (9,708 ) $ (11,265 ) Weighted average assumptions – net periodic benefit cost Discount rate 2.73 % 3.00 % 3.90 % Rate of compensation increase n/a n/a n/a Return on plan assets 3.01 % 3.59 % 4.77 % Amounts not yet reflected in net periodic benefit costs and included in accumulated other comprehensive loss Prior service cost $ — $ — $ — Accumulated loss (1,307 ) (3,877 ) (4,437 ) Amounts not yet recognized as a component of net periodic benefit cost (1,307 ) (3,877 ) (4,437 ) Accumulated net periodic benefit cost in excess of contributions (5,076 ) (5,831 ) (6,828 ) Net amount recognized $ (6,383 ) $ (9,708 ) $ (11,265 ) Components of net periodic benefit cost Service cost $ — $ — $ — Interest cost 1,273 1,252 1,784 Expected return on plan assets (1,114 ) (1,127 ) (1,679 ) Amortization of net loss — — 2,099 Net periodic benefit cost $ 159 $ 125 $ 2,204 Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year $ — $ — $ — Information for plan with accumulated benefits in excess of plan assets Projected benefit obligation $ 42,936 $ 45,558 $ 44,370 Accumulated benefit obligation 42,936 45,558 44,370 Fair value of assets 36,553 35,850 33,105
Schedule of Medical and Life Insurance Benefits [Table Text Block]	2018 2017 2016 Change in benefit obligation: Benefit obligation at beginning of year $ 7,086 $ 7,381 $ 6,611 Service cost 85 85 105 Interest cost 270 269 287 Benefits paid (388 ) (483 ) (772 ) Actuarial (gain) loss (668 ) (166 ) 1,150 Benefit obligation at end of year $ 6,385 $ 7,086 $ 7,381 Weighted average assumptions: benefit obligations Discount rate 4.27 % 3.92 % 3.77 % Rate of compensation increase 2.64 % 2.64 % 2.64 % Change in plan assets Fair value of plan assets at beginning of year $ — $ — $ — Employer contributions 388 483 772 Benefits paid, net of employee contributions (388 ) (483 ) (772 ) Fair value of plan assets at end of year — — — Amounts recognized in balance sheet Current postretirement benefit obligation $ (338 ) $ (370 ) $ (396 ) Non-current postretirement benefit obligation (6,047 ) (6,716 ) (6,985 ) Net amount recognized in balance sheet $ (6,385 ) $ (7,086 ) $ (7,381 ) Weighted average assumptions – net periodic benefit cost Discount rate 3.92 % 3.77 % 4.49 % Rate of compensation increase 2.64 % 2.64 % 2.64 % Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive loss Prior service credit $ 3,314 $ 3,851 $ 4,523 Accumulated gain (loss) (928 ) (1,696 ) (1,983 ) Amounts not yet recognized as a component of net periodic benefit cost 2,386 2,155 2,540 Net periodic benefit cost in excess of accumulated contributions (8,771 ) (9,241 ) (9,921 ) Net amount recognized $ (6,385 ) $ (7,086 ) $ (7,381 ) Components of net periodic benefit cost Service cost $ 85 $ 85 $ 105 Interest cost 270 269 287 Amortization of prior service credit (537 ) (673 ) (781 ) Amortization of accumulated loss 99 121 15 Net periodic benefit cost $ (83 ) $ (198 ) $ (374 ) Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year Prior service credit $ 537 $ 537 $ 673 Net loss (30 ) (99 ) (120 ) $ 507 $ 438 $ 553 Healthcare cost trend rate assumed for next year 6.60 % 6.60 % 6.90 % Rate to which the cost trend rate gradually declines 4.50 % 4.50 % 4.50 % Year that the rate reaches the rate at which it is assumed to remain 2037 2037 2037
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]	1% Increase 201 8 201 7 201 6 Effect on total of service and interest cost $ - $ - $ - Effect on postretirement benefit obligation 1 2 2 1% Decrease 201 8 201 7 201 6 Effect on total of service and interest cost $ - $ - $ - Effect on postretirement benefit obligation (1 ) (2 ) (2 )
Schedule of Expected Benefit Payments [Table Text Block]	Fiscal Year Pension Other Benefits 2019 $ 7,192 $ 338 2020 7,405 342 2021 7,612 347 2022 7,971 355 2023 8,201 347 2024 - 2028 44,223 1,844

Note 13 - Debt (Tables)

Note 13 - Debt (Tables)	12 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Debt [Table Text Block]	June 30, 2018 June 30, 2017 Short-term and current maturities Loan and Security Agreement $ 1,688 $ 11,514 Other loans 1,967 - Long-term debt Loan and Security Agreement, net of current portion 17,307 6,095 Total debt $ 20,962 $ 17,609
Schedule of Maturities of Long-term Debt [Table Text Block]	Fiscal Year 2019 $ 3,655 2020 1,765 2021 14,747 2022 795 2023 - Thereafter - Total $ 20,962

Note 17 - Financial Informati40

Note 17 - Financial Information by Segment and Geographic Area (Tables)	12 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Year Ended June 30, 2018 North America International Unallocated Total Sales 1 $ 128,442 $ 87,886 $ - $ 216,328 Operating income 8,175 2,128 (5,579 ) 4,724 Capital expenditures and software development 3,426 2,336 - 5,762 Depreciation and amortization 4,923 2,588 - 7,511 Current assets 4 37,546 60,855 14,827 113,228 Long-lived assets 5 37,489 13,010 18,559 69,058 Year Ended June 30, 2017 North America International Unallocated Total Sales 2 $ 124,606 $ 82,417 $ - $ 207,023 Restructuring charges (82 ) (906 ) - (988 ) Operating income 6,138 268 (7,450 ) (1,044 ) Capital expenditures and software development 2,765 3,071 - 5,836 Depreciation and amortization 4,551 2,475 - 7,026 Current assets 4 33,555 61,961 14,607 110,123 Long-lived assets 5 39,199 14,684 28,659 82,542 Year Ended June 30, 2016 North America International Unallocated Total Sales 3 $ 130,108 $ 79,577 $ - $ 209,685 Asset impairment 4,114 - - 4,114 Operating loss (8,311 ) (3,117 ) (9,017 ) (20,445 ) Capital expenditures and software development 5,040 3,200 - 8,240 Depreciation and amortization 4,537 2,677 - 7,214 Current assets 4 33,787 62,810 24,314 120,911 Long-lived assets 5 36,539 13,995 30,153 80,687
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Year Ended June 30, North America 2018 2017 2016 United States $ 119,226 $ 115,562 $ 119,638 Canada & Mexico 9,216 9,044 10,470 128,442 124,606 130,108 International Brazil 49,726 45,614 43,283 United Kingdom 25,099 24,954 24,485 China 7,323 6,873 7,207 Australia & New Zealand 5,738 4,976 4,602 87,886 82,417 79,577 Total Sales $ 216,328 $ 207,023 $ 209,685 Year Ended June 30, North America 2018 2017 2016 United States $ 37,437 $ 39,131 $ 36,189 Canada & Mexico 52 68 350 37,489 39,199 36,539 International Brazil 8,662 10,111 8,818 United Kingdom 1,876 1,976 2,143 China 2,346 2,426 2,887 Australia & New Zealand 126 171 147 13,010 14,684 13,995 Total Long Lived Assets $ 50,499 $ 53,883 $ 50,534

Note 18 - Quarterly Financial41

Note 18 - Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Jun. 30, 2018
Notes Tables
Quarterly Financial Information [Table Text Block]	Quarter Ended Net Sales Gross Margin Earnings Before Income Taxes Net Earnings / (Loss) Basic and Diluted Earnings / (Loss) Per Share September 2016 $ 48,913 $ 13,914 $ 1,476 $ 759 $ 0.11 December 2016 53,187 16,822 1,517 1,063 0.15 March 2017 50,670 14,479 (1,244 ) (786 ) (0.11 ) June 2017 54,253 16,735 (211 ) (45 ) (0.01 ) $ 207,023 $ 61,950 $ 1,538 $ 991 $ 0.14 September 2017 $ 51,818 $ 16,539 $ 640 $ 426 $ 0.06 December 2017 52,124 15,930 1,097 (6,521 ) (0.93 ) March 2018 54,834 18,072 2,337 1,637 0.23 June 2018 57,552 18,434 791 825 0.12 $ 216,328 $ 68,975 $ 4,865 $ (3,633 ) $ (0.52 )

Schedule II - Valuation and Q42

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Jun. 30, 2018
Notes Tables
Allowance for Credit Losses on Financing Receivables [Table Text Block]	(in 000) Balance at Beginning of Period Provisions Charges to Other Accounts Write-offs Balance at End of Period Year Ended June 30, 2018 $ 946 $ 539 $ (71 ) $ (137 ) $ 1,277 Year Ended June 30, 2017 887 284 (23 ) (202 ) 946 Year Ended June 30, 2016 612 352 (2 ) (75 ) 887 (in 000) Balance at Beginning of Period Provisions Charges to Other Accounts Write-offs Balance at End of Period Year Ended June 30, 2018 $ 2,922 $ 2,077 $ - $ - $ 4,999 Year Ended June 30, 2017 5,246 117 1 (2,442 ) 2,922 Year Ended June 30, 2016 4,501 1,193 (344 ) (104 ) 5,246

Note 2 - Significant Accounti43

Note 2 - Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Derivative Asset, Total	$ 0	$ 1,400,000
Provision for Doubtful Accounts	500,000	300,000	$ 300,000
Construction in Progress, Gross	1,200,000	1,600,000
Impairment of Long-Lived Assets Held-for-use			4,114,000
Advertising Expense	5,100,000	5,200,000	5,000,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax, Total	100,000	200,000	17,800,000
Undistributed Earnings of Foreign Subsidiaries	55,400,000
Research and Development Expense, Total	$ 3,600,000	$ 3,500,000	$ 2,900,000
Incremental Common Shares Attributable to Share-based Payment Arrangements, Total	23,771	32,674	32,833
Noncompete Agreements [Member]
Finite-Lived Intangible Asset, Useful Life	8 years
Software Developement [Member]
Finite-Lived Intangible Asset, Useful Life	5 years
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	5 years
Minimum [Member] | Patents [Member]
Finite-Lived Intangible Asset, Useful Life	10 years
Minimum [Member] | Trademarks and Trade Names [Member]
Finite-Lived Intangible Asset, Useful Life	14 years
Minimum [Member] | Customer Relationships [Member]
Finite-Lived Intangible Asset, Useful Life	8 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	20 years
Maximum [Member] | Patents [Member]
Finite-Lived Intangible Asset, Useful Life	15 years
Maximum [Member] | Trademarks and Trade Names [Member]
Finite-Lived Intangible Asset, Useful Life	20 years
Maximum [Member] | Completed Technology [Member]
Finite-Lived Intangible Asset, Useful Life	10 years
Maximum [Member] | Customer Relationships [Member]
Finite-Lived Intangible Asset, Useful Life	16 years
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	10 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	50 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	12 years

Note 3 - Business Acquisition44

Note 3 - Business Acquisition (Details Textual) - Private Software Company [Member] - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2017	Jun. 30, 2010
Business Combination, Consideration Transferred, Total		$ 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, Cash Considerations		$ 1,833
Business Combination, Consideration Transferred, Cash Considerations at Discounted Rate		$ 1,555
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, Total	[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 3 - Business Acquisition -

Note 3 - Business Acquisition - Allocation of the Purchase Price to the Acquired Net Assets (Details) - USD ($) $ in Thousands		Jun. 30, 2018	Jun. 30, 2017	Mar. 31, 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 and 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 4 - Stock-based Compensa46

Note 4 - Stock-based Compensation (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015	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	297,033
Allocated Share-based Compensation Expense, Total	$ 134,000	$ 223,000	$ 214,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total	$ 100,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 36 days
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, Total	$ 1,500,000
Employee Stock Purchase Plan ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	70,515	77,285	63,915	54,307
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	63,607	55,766	52,836
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	52,816	31,503	27,705
Allocated Share-based Compensation Expense, Total	$ 130,000	$ 150,000	$ 140,000
The 2013 ESOP [Member]
Allocated Share-based Compensation Expense, Total	$ 0	$ 0	$ 0
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, Ending Balance	20,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	4 years 182 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 100,000
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
Employee Stock Option [Member] | Employee Stock Purchase Plan ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	2 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	0
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent	85.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum	40.88%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum	41.09%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum	1.68%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum	2.55%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	2 years
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, Ending Balance	140,802
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 1,400,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	62,000	45,000	40,200
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	$ 10.86	$ 15.11
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	12,433
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	14,400	12,732
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$ 900,000	$ 900,000
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] | Employee Stock Option [Member] | Employee Stock Purchase Plan ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	4.32%
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] | Employee Stock Option [Member] | Employee Stock Purchase Plan ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	5.00%
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

Note 4 - Stock-based Compensa47

Note 4 - Stock-based Compensation - Summary of Stock Option Activity (Details) - Employee Stock Purchase Plan ESPP [Member] - $ / shares	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Balance (in shares)	77,285	63,915	54,307
Options granted (in shares)	63,607	55,766	52,836
Options exercised (in shares)	(17,561)	(10,893)	(15,523)
Options canceled (in shares)	(52,816)	(31,503)	(27,705)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	63,607	55,766	52,836
Balance (in shares)	70,515	77,285	63,915
Balance, Weighted Average Exercise Price (in dollars per share)
Options granted, Weighted Average Exercise Price (in dollars per share)	6.35	7.88	9.37
Options exercised, Weighted Average Exercise Price (in dollars per share)	6.69	8.34	9.57
Balance , Weighted Average Exercise Price (in dollars per share)
Shares Available for Grant, Options Granted (in shares)	(63,607)	(55,766)	(52,836)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	52,816	31,503	27,705
Shares Available For Grant [Member]
Options granted (in shares)	63,607	55,766	52,836
Options canceled (in shares)	(13,614)	(31,503)	(27,705)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	63,607	55,766	52,836
Shares Available for Grant (in shares)	365,581	389,844	414,975
Shares Available for Grant, Options Granted (in shares)	(63,607)	(55,766)	(52,836)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	13,614	31,503	27,705
Shares Available for Grant, Plan Expired (in shares)	(365,581)
Shares Available for Grant, Plan Authorized (in shares)	500,000
Shares Available for Grant (in shares)	450,007	365,581	389,844

Note 4 - Stock-based Compensa48

Note 4 - Stock-based Compensation - Stock Options Outstanding Weighted Average Fair Value (Details) - Employee Stock Purchase Plan ESPP [Member] - $ / shares	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Weighted average remaining life (years) (Year)	1 year 109 days
2016 (in dollars per share)	$ 2.23	$ 2.76	$ 3.34

Note 5 - Cash (Details Textual)

Note 5 - Cash (Details Textual) £ in Millions, R$ in Millions, $ in Millions	Jun. 30, 2018USD ($)	Jun. 30, 2018GBP (£)	Jun. 30, 2018BRL (R$)	Jun. 30, 2017USD ($)
Cash, Cash Equivalents, and Short-term Investments, Total	$ 6.5	£ 4.2	R$ 0.6	$ 9

Note 6 - Inventories (Details T

Note 6 - Inventories (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
LIFO Inventory Amount	$ 8.4	$ 7.7
Inventory Difference Using FIFO Basis	24.9	26.2
Cost of Sales [Member]
Inventory, LIFO Reserve, Effect on Income, Net, Total	$ (1.3)	$ (2.6)

Note 6 - Inventories - Componen

Note 6 - Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Raw materials and supplies	$ 23,764	$ 26,293
Goods in process and finished parts	18,423	16,419
Finished goods	40,739	41,591
	82,926	84,303
LIFO reserve	(24,887)	(26,206)
	$ 58,039	$ 58,097

Note 7 - Goodwill and Intangi52

Note 7 - Goodwill and Intangibles (Details Textual) $ in Thousands	12 Months Ended
	Jun. 30, 2018USD ($)
Goodwill, Impairment Loss	$ 0
Bytewise [Member]
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	81.00%

Note 7 - Goodwill and Intangi53

Note 7 - Goodwill and Intangibles - Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Goodwill	$ 4,668	$ 4,668
Goodwill	4,668	4,668
Identifiable intangible assets	18,533	17,117
Accumulated Amortization	(9,216)	(7,249)
Identifiable intangible assets	$ 9,317	$ 9,868

Note 7 - Goodwill and Intangi54

Note 7 - Goodwill and Intangibles - Finite-lived Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Intangible assets, gross	$ 18,533	$ 17,117
Accumulated amortization	(9,216)	(7,249)
Total net balance	9,317	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	7,600	6,184
Other Intangible Assets [Member]
Intangible assets, gross	$ 325	$ 325

Note 7 - Goodwill and Intangi55

Note 7 - Goodwill and Intangibles - Estimated Aggregate Amortization Expense (Details) $ in Thousands	Jun. 30, 2018USD ($)
2,019	$ 2,291
2,020	1,767
2,021	1,364
2,022	1,132
2,023	829
Thereafter	$ 1,934

Note 8 - Property, Plant and 56

Note 8 - Property, Plant and Equity (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Capital Leased Assets, Gross, Total	$ 0	$ 0
Operating Leases, Rent Expense, Net, Total	$ 2,300	$ 2,300	$ 2,300

Note 8 - Property, Plant and 57

Note 8 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Cost	$ 163,323	$ 170,518
Accumulated Depreciation	(126,809)	(131,173)
Property, Plant and Equipment, Net, Ending Balance	36,514	39,345
Land [Member]
Cost	1,210	1,223
Accumulated Depreciation
Property, Plant and Equipment, Net, Ending Balance	1,210	1,223
Building and Building Improvements [Member]
Cost	44,540	44,980
Accumulated Depreciation	(29,774)	(29,641)
Property, Plant and Equipment, Net, Ending Balance	14,766	15,339
Machinery and Equipment [Member]
Cost	117,573	124,315
Accumulated Depreciation	(97,035)	(101,532)
Property, Plant and Equipment, Net, Ending Balance	$ 20,538	$ 22,783

Note 8 - Property, Plant and 58

Note 8 - Property, Plant and Equipment - Future Commitments Under Operating Leases (Details) $ in Thousands	Jun. 30, 2018USD ($)
2,019	$ 2,397
2,020	1,911
2,021	1,840
2,022	466
2,023	369
Thereafter	1,167
	$ 8,150

Note 9 - Impairment of Assets59

Note 9 - Impairment of Assets and Restructuring Costs (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Impairment of Long-Lived Assets Held-for-use			$ 4,114,000
Property, Plant and Equipment, Net, Ending Balance	36,514,000	39,345,000
Restructuring Charges, Total		$ 988,000
Vacated Facility at Mt. Airy, North Carolina [Member]
Impairment of Long-Lived Assets Held-for-use			$ 4,100,000
Property, Plant and Equipment, Net, Ending Balance	2,000,000
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ 100,000

Note 10 - Other Income and Ex60

Note 10 - Other Income and Expense - Summary of Other Income and Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Interest income	$ 128	$ 399	$ 504
Interest expense	(845)	(674)	(669)
Foreign currency gain (loss), net	(316)	(86)	(59)
Income (loss) from equity investment		(307)	118
Brazil tax settlements	1,446
Lawsuit settlements	(666)	(100)
Sale of scrap material	70	71	95
Other income (expense), net	324	190	81
	$ 141	$ (507)	$ 70

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) - USD ($)	3 Months Ended								12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent									28.00%	35.00%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability									$ 6,300,000
Effective Income Tax Rate Reconciliation, Percent, Total									174.70%	35.60%	30.70%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	$ 791,000	$ 2,337,000	$ 1,097,000	$ 640,000	$ (211,000)	$ (1,244,000)	$ 1,517,000	$ 1,476,000	$ 4,865,000	$ 1,538,000	$ (20,375,000)
Effective Income Tax Rate Reconciliation, Before Tax Cuts and Jobs Act, Percent									44.70%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount									$ 6,324,000	315,000
Proceeds from Equity Method Investment, Distribution										2,000,000
Deferred Tax Assets, Gross, Total	16,700,000								16,700,000
Deferred Tax Assets, Net of Valuation Allowance, Total	18,800,000								18,800,000
Deferred Tax Assets, Valuation Allowance, Total	4,999,000				2,922,000				4,999,000	2,922,000
Increase (Decrease) in Obligation, Pension Benefits											19,000,000
Unrecognized Tax Benefits, Ending Balance	10,882,000				11,588,000				10,882,000	11,588,000	10,820,000	$ 11,132,000
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	5,400,000				7,300,000				5,400,000	7,300,000	$ 7,000,000
Income Taxes Receivable, Noncurrent	1,820,000				$ 2,627,000				1,820,000	2,627,000
Decrease in Unrecognized Tax Benefits is Reasonably Possible	200,000								200,000
Undistributed Earnings of Foreign Subsidiaries	55,400,000								55,400,000
Foreign Earnings Repatriated									0	2,000,000
Research Tax Credit Carryforward [Member]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	600,000								600,000
Foreign Tax Authority [Member]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount									2,100,000	$ (2,300,000)
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	5,600,000								5,600,000
Domestic Tax Authority [Member]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	500,000								500,000
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration	2,100,000								2,100,000
State and Local Jurisdiction [Member]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$ 1,000,000								$ 1,000,000
Her Majesty's Revenue and Customs (HMRC) [Member]
Effective Income Tax Rate Reconciliation, Percent, Total										17.00%	20.00%

Note 11 - Income Taxes - Compon

Note 11 - Income Taxes - Components of Earnings (Loss) Before Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	$ 791	$ 2,337	$ 1,097	$ 640	$ (211)	$ (1,244)	$ 1,517	$ 1,476	$ 4,865	$ 1,538	$ (20,375)
Domestic Operations [Member]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total									1,351	(1,547)	(17,541)
Foreign Operations [Member]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total									$ 3,514	$ 3,085	$ (2,834)

Note 11 - Income Taxes - Provis

Note 11 - Income Taxes - Provision (Benefit) For Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Federal	$ (991)	$ (989)	$ (317)
Foreign	2,256	999	866
State	5	39	94
Federal	6,772	597	(6,092)
Foreign	(396)	(85)	47
State	852	(14)	(843)
	$ 8,498	$ 547	$ (6,245)

Note 11 - Income Taxes - Reconc

Note 11 - Income Taxes - Reconciliation of Expected Tax Expense (Benefit) to Actual Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Expected tax expense	$ 1,365	$ 523	$ (6,928)
State taxes, net of federal effect		9	(740)
Foreign taxes, net of federal credits	(1,010)	(210)	278
Change in valuation allowance	2,074	(107)	196
Tax reserve adjustments	(38)	272	250
Return to provision and other adjustments	(72)	(17)	(167)
Losses not benefited		123	885
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount	6,324	315
Canada Real Estate Gain Deduction		(337)
Other permanent items	(145)	(24)	(19)
Actual tax expense (benefit)	$ 8,498	$ 547	$ (6,245)

Note 11 - Income Taxes - Deferr

Note 11 - Income Taxes - Deferred Income Taxes (Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Inventories	$ 1,214	$ 1,753
Employee benefits (other than pension)	700	807
Book reserves	504	725
Federal NOL, various carryforward periods	551	154
State NOL, various carryforward periods	1,034	786
Foreign NOL, various carryforward periods	148	452
Foreign tax credit carryforward, expiring 2018 – 2027	5,563	4,222
Pension benefits	8,881	16,074
Retiree medical benefits	1,622	2,679
Depreciation	113	134
Intangibles	(410)	(269)
Federal research and development and AMT credit carryforward	638	545
Other	1,180	892
Total deferred tax assets	21,738	28,954
Valuation allowance	(4,999)	(2,922)
Net deferred tax asset	$ 16,739	$ 26,032

Note 11 - Income Taxes - Reco66

Note 11 - Income Taxes - Reconciliations of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Balance at June 30	$ (11,588)	$ (10,820)	$ (11,132)
Increase for tax positions taken during the current period	(287)	(813)	(184)
Effect of exchange rate changes	130	38	82
Decrease relating to lapse of applicable statute of limitations	930	7	414
Increase for tax positions taken during the prior period	(67)
Balance at June 30	$ (10,882)	$ (11,588)	$ (10,820)

Note 12 - Employee Benefit an67

Note 12 - Employee Benefit and Retirement Plans (Details Textual) - USD ($)	Dec. 31, 2016	Dec. 31, 2013	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jan. 01, 2017
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment					$ (6,900,000)
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	3.77%						4.31%
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Curtailment	$ 4,200,000				4,170,000
Pension Cost (Reversal of Cost)				2,700,000	3,900,000	22,200,000
Defined Contribution Plan, Employer Discretionary Contribution Amount				1,800,000	1,300,000	$ 800,000
Fair Value of the Company's Common Stock				4,800,000	$ 6,900,000
Post Retirement Medical and Life Insurance Plan [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year				$ 338,000
UNITED STATES
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate				4.27%	3.92%	3.77%
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Curtailment					$ 4,170,000
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long Term Return on Assets				5.00%	5.00%	5.50%
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year				$ 4,500,000
UNITED STATES | Pension Plan [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year				$ 4,500,000
UNITED STATES | Post Retirement Medical and Life Insurance Plan [Member]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate				4.27%	3.92%	3.77%
UNITED STATES | Scenario, Forecast [Member]
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long Term Return on Assets			5.00%
UNITED KINGDOM
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate				2.80%	2.73%	3.00%
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long Term Return on Assets				3.01%	3.59%	4.77%
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year				$ 1,000,000
UNITED KINGDOM | Pension Plan [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year				$ 1,000,000
UNITED KINGDOM | Scenario, Forecast [Member]
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long Term Return on Assets			3.00%
Maximum [Member]
Fixed Contribution Toward Medical Premium for Retirees 65 and Older		$ 28.50
Maximum [Member] | Equity Securities [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage				70.00%
Maximum [Member] | Company Stock [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage				20.00%
Maximum [Member] | Cash and Debt Securities [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage				60.00%
Minimum [Member]
Fixed Contribution Toward Medical Premium for Retirees 65 and Older		$ 23
Minimum [Member] | Equity Securities [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage				40.00%
Minimum [Member] | Company Stock [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage				10.00%
Minimum [Member] | Cash and Debt Securities [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage				30.00%

Note 12 - Employee Benefit an68

Note 12 - Employee Benefit and Retirement Plans - Actual Asset Allocation For The Assets Within The Company's Plans (Details)	Jun. 30, 2018	Jun. 30, 2017
Asset allocation	100.00%	100.00%
Cash and Cash Equivalents [Member]
Asset allocation	1.00%	1.00%
Fixed Income Securities [Member]
Asset allocation	27.00%	18.00%
Equity Securities [Member]
Asset allocation	34.00%	24.00%
Mutual and Pooled Funds [Member]
Asset allocation	38.00%	57.00%

Note 12 - Employee Benefit an69

Note 12 - Employee Benefit and Retirement Plans - Portfolio by Valuation Category (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Fair Value	$ 118,693	$ 117,778
Asset Allocation	100.00%	100.00%
Fair Value, Inputs, Level 1 [Member]
Fair Value	$ 48,813	$ 59,227
Fair Value, Inputs, Level 2 [Member]
Fair Value	69,880	58,551
Fair Value, Inputs, Level 3 [Member]
Fair Value
Cash Equivalents [Member]
Fair Value	$ 945	$ 780
Asset Allocation	1.00%	1.00%
Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value	$ 945	$ 780
Cash Equivalents [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value
Cash Equivalents [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value
Fixed Income Securities [Member]
Fair Value	$ 32,303	$ 21,128
Asset Allocation	27.00%	18.00%
Fixed Income Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value
Fixed Income Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value	32,303	21,128
Fixed Income Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value
Equity Securities [Member]
Fair Value	$ 40,509	$ 28,289
Asset Allocation	34.00%	24.00%
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value	$ 38,988	$ 26,580
Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value	1,521	1,709
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value
Mutual and Pooled Funds [Member]
Fair Value	$ 44,936	$ 67,581
Asset Allocation	38.00%	57.00%
Mutual and Pooled Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value	$ 8,880	$ 31,867
Mutual and Pooled Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value	36,056	35,714
Mutual and Pooled Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value

Note 12 - Employee Benefit an70

Note 12 - Employee Benefit and Retirement Plans - Reconciliation of Level 3 Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Fair value of plan assets at beginning of year	$ 117,778	$ 115,015	$ 122,787
Actual return on plan assets	2,545	5,302	226
Fair value of plan assets at end of year	118,693	117,778	115,015
Fair Value, Inputs, Level 3 [Member]
Fair value of plan assets at beginning of year		2,810
Actual return on plan assets
Translation gain (loss)
Transferred out of Level 3		(2,810)
Fair value of plan assets at end of year			$ 2,810

Note 12 - Employee Benefit an71

Note 12 - Employee Benefit and Retirement Plans - Status of Defined Benefit Plans (Details) - USD ($)	Dec. 31, 2016	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2018	Jun. 30, 2017	Jan. 01, 2017	Jun. 30, 2016
Benefit obligation at beginning of year		$ 169,696,000	$ 175,233,000	$ 166,189,000
Service cost			1,405,000	2,757,000
Interest cost		6,077,000	6,246,000	7,032,000
Plan curtailment	$ (4,200,000)		(4,170,000)
Exchange rate changes		707,000	(909,000)	(7,825,000)
Benefits paid		(6,489,000)	(6,902,000)	(6,590,000)
Actuarial (gain) loss		(10,778,000)	(1,207,000)	13,670,000
Benefit obligation at end of year		159,213,000	169,696,000	175,233,000
Fair value of plan assets at beginning of year		117,778,000	115,015,000	122,787,000
Actual return on plan assets		2,545,000	5,302,000	226,000
Employer contributions		4,366,000	5,000,000	4,482,000
Benefits paid		(6,489,000)	(6,902,000)	(6,590,000)
Exchange rate changes		493,000	(637,000)	(5,890,000)
Fair value of plan assets at end of year		118,693,000	117,778,000	115,015,000
Funded status at end of year					$ (40,520,000)	$ (51,918,000)		$ (60,218,000)
Current liability					(67,000)	(63,000)		(45,000)
Noncurrent liability					(40,453,000)	(51,855,000)		(60,173,000)
Net amount recognized in balance sheet					(40,520,000)	(51,918,000)		(60,218,000)
Prior service cost
Accumulated loss					(4,038,000)	(12,131,000)		(17,849,000)
Amounts not yet recognized as a component of net periodic benefit cost					(4,038,000)	(12,131,000)		(17,849,000)
Accumulated net periodic benefit cost in excess of contributions					(36,482,000)	(39,787,000)		(42,369,000)
Expected return on plan assets		(5,140,000)	(5,173,000)	(6,268,000)
Recognized actuarial loss		26,000	107,000	17,878,000
Net periodic benefit cost		963,000	2,585,000	21,399,000
Prior service cost
Net loss					(28,000)	(26,000)		(114,000)
Projected benefit obligation					159,213,000	169,696,000		175,233,000
Accumulated benefit obligation					159,213,000	169,696,000		168,119,000
Fair value of assets					118,693,000	117,778,000		115,015,000
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	3.77%						4.31%
Fair value of plan assets at end of year		117,778,000	117,778,000	115,015,000	118,693,000	117,778,000		115,015,000
Benefits paid		(6,489,000)	(6,902,000)	(6,590,000)
UNITED STATES
Benefit obligation at beginning of year		124,138,000	130,863,000	116,398,000
Service cost			1,405,000	2,757,000
Interest cost		4,804,000	4,994,000	5,248,000
Plan curtailment			(4,170,000)
Benefits paid		(4,786,000)	(5,106,000)	(4,593,000)
Actuarial (gain) loss		(7,879,000)	(3,848,000)	11,053,000
Benefit obligation at end of year		116,277,000	124,138,000	130,863,000
Fair value of plan assets at beginning of year		81,928,000	81,910,000	84,853,000
Actual return on plan assets		1,645,000	1,079,000	(1,730,000)
Employer contributions		3,353,000	4,045,000	3,380,000
Benefits paid		(4,786,000)	(5,106,000)	(4,593,000)
Fair value of plan assets at end of year		82,140,000	81,928,000	81,910,000
Funded status at end of year					(34,137,000)	(42,210,000)		(48,953,000)
Current liability					(67,000)	(63,000)		(45,000)
Noncurrent liability					(34,070,000)	(42,147,000)		(48,908,000)
Net amount recognized in balance sheet					(34,137,000)	(42,210,000)		(48,953,000)
Prior service cost
Accumulated loss					(2,731,000)	(8,254,000)		(13,412,000)
Amounts not yet recognized as a component of net periodic benefit cost					(2,731,000)	(8,254,000)		(13,412,000)
Accumulated net periodic benefit cost in excess of contributions					(31,406,000)	(33,956,000)		(35,541,000)
Expected return on plan assets		(4,026,000)	(4,046,000)	(4,589,000)
Recognized actuarial loss		26,000	107,000	15,779,000
Net periodic benefit cost		804,000	2,460,000	19,195,000
Prior service cost
Net loss					(28,000)	(26,000)		(114,000)
Projected benefit obligation					116,277,000	124,138,000		130,863,000
Fair value of assets					$ 82,140,000	$ 81,928,000		$ 81,910,000
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate					4.27%	3.92%		3.77%
Fair value of plan assets at end of year		$ 81,928,000	$ 81,928,000	$ 81,910,000	$ 82,140,000	$ 81,928,000		$ 81,910,000
Discount rate		3.92%	3.77%	4.49%
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long Term Return on Assets		5.00%	5.00%	5.50%
Accumulated benefit obligation					116,277,000	124,138,000		123,749,000
Benefits paid		$ (4,786,000)	$ (5,106,000)	$ (4,593,000)
UNITED KINGDOM
Benefit obligation at beginning of year		45,558,000	44,370,000	49,791,000
Service cost
Interest cost		1,273,000	1,252,000	1,784,000
Exchange rate changes		707,000	(909,000)	(7,825,000)
Benefits paid		(1,703,000)	(1,796,000)	(1,997,000)
Actuarial (gain) loss		(2,899,000)	2,641,000	2,617,000
Benefit obligation at end of year		42,936,000	45,558,000	44,370,000
Fair value of plan assets at beginning of year		35,850,000	33,105,000	37,934,000
Actual return on plan assets		900,000	4,223,000	1,956,000
Employer contributions		1,013,000	954,000	1,102,000
Benefits paid		(1,703,000)	(1,796,000)	(1,997,000)
Exchange rate changes		493,000	(636,000)	(5,890,000)
Fair value of plan assets at end of year		36,553,000	35,850,000	33,105,000
Funded status at end of year					(6,383,000)	(9,708,000)		(11,265,000)
Noncurrent liability					(6,383,000)	(9,708,000)		(11,265,000)
Net amount recognized in balance sheet					(6,383,000)	(9,708,000)		(11,265,000)
Accumulated loss					(1,307,000)	(3,877,000)		(4,437,000)
Amounts not yet recognized as a component of net periodic benefit cost					(1,307,000)	(3,877,000)		(4,437,000)
Expected return on plan assets		(1,114,000)	(1,127,000)	(1,679,000)
Net periodic benefit cost		159,000	125,000	2,204,000
Projected benefit obligation					42,936,000	45,558,000		44,370,000
Fair value of assets					$ 36,553,000	$ 35,850,000		$ 33,105,000
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate					2.80%	2.73%		3.00%
Fair value of plan assets at end of year		$ 35,850,000	$ 35,850,000	$ 33,105,000	$ 36,553,000	$ 35,850,000		$ 33,105,000
Discount rate		2.73%	3.00%	3.90%
Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Expected Long Term Return on Assets		3.01%	3.59%	4.77%
Accumulated benefit obligation					42,936,000	45,558,000		44,370,000
Benefits paid		$ (1,703,000)	$ (1,796,000)	$ (1,997,000)
Prior service cost
Accumulated net periodic benefit cost in excess of contributions					$ (5,076,000)	$ (5,831,000)		$ (6,828,000)
Amortization of net loss				$ 2,099,000

Note 12 - Employee Benefit an72

Note 12 - Employee Benefit and Retirement Plans - Status of the Postretirement Medical and Life Insurance Benefit Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jan. 01, 2017	Dec. 31, 2016
Benefit obligation at beginning of year	$ 169,696	$ 175,233	$ 166,189
Service cost		1,405	2,757
Interest cost	6,077	6,246	7,032
Benefits paid	(6,489)	(6,902)	(6,590)
Actuarial (gain) loss	(10,778)	(1,207)	13,670
Benefit obligation at end of year	159,213	169,696	175,233
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate				4.31%	3.77%
Fair value of plan assets at beginning of year	117,778	115,015	122,787
Employer contributions	4,366	5,000	4,482
Benefits paid	(6,489)	(6,902)	(6,590)
Fair value of plan assets at end of year	118,693	117,778	115,015
Current liability	(67)	(63)	(45)
Noncurrent liability	(40,453)	(51,855)	(60,173)
Net amount recognized in balance sheet	(40,520)	(51,918)	(60,218)
Prior service cost
Accumulated loss	(4,038)	(12,131)	(17,849)
Amounts not yet recognized as a component of net periodic benefit cost	(4,038)	(12,131)	(17,849)
Accumulated net periodic benefit cost in excess of contributions	(36,482)	(39,787)	(42,369)
Net periodic benefit cost	963	2,585	21,399
Prior service cost
Net loss	(28)	(26)	(114)
UNITED STATES
Benefit obligation at beginning of year	124,138	130,863	116,398
Service cost		1,405	2,757
Interest cost	4,804	4,994	5,248
Benefits paid	(4,786)	(5,106)	(4,593)
Actuarial (gain) loss	(7,879)	(3,848)	11,053
Benefit obligation at end of year	$ 116,277	$ 124,138	$ 130,863
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	4.27%	3.92%	3.77%
Fair value of plan assets at beginning of year	$ 81,928	$ 81,910	$ 84,853
Employer contributions	3,353	4,045	3,380
Benefits paid	(4,786)	(5,106)	(4,593)
Fair value of plan assets at end of year	82,140	81,928	81,910
Current liability	(67)	(63)	(45)
Noncurrent liability	(34,070)	(42,147)	(48,908)
Net amount recognized in balance sheet	$ (34,137)	$ (42,210)	$ (48,953)
Discount rate	3.92%	3.77%	4.49%
Prior service cost
Accumulated loss	(2,731)	(8,254)	(13,412)
Amounts not yet recognized as a component of net periodic benefit cost	(2,731)	(8,254)	(13,412)
Accumulated net periodic benefit cost in excess of contributions	(31,406)	(33,956)	(35,541)
Net periodic benefit cost	804	2,460	19,195
Prior service cost
Net loss	(28)	(26)	(114)
Post Retirement Medical and Life Insurance Plan [Member] | UNITED STATES
Benefit obligation at beginning of year	7,086	7,381	6,611
Service cost	85	85	105
Interest cost	270	269	287
Benefits paid	(388)	(483)	(772)
Actuarial (gain) loss	(668)	(166)	1,150
Benefit obligation at end of year	$ 6,385	$ 7,086	$ 7,381
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	4.27%	3.92%	3.77%
Rate of compensation increase	2.64%	2.64%	2.64%
Fair value of plan assets at beginning of year
Employer contributions	388	483	772
Benefits paid	(388)	(483)	(772)
Fair value of plan assets at end of year
Current liability	(338)	(370)	(396)
Noncurrent liability	(6,047)	(6,716)	(6,985)
Net amount recognized in balance sheet	$ (6,385)	$ (7,086)	$ (7,381)
Discount rate	3.92%	3.77%	4.49%
Rate of compensation increase	2.64%	2.64%	2.64%
Prior service cost	$ 3,314	$ 3,851	$ 4,523
Accumulated loss	(928)	(1,696)	(1,983)
Amounts not yet recognized as a component of net periodic benefit cost	2,386	2,155	2,540
Accumulated net periodic benefit cost in excess of contributions	(8,771)	(9,241)	(9,921)
Prior service cost	(537)	(673)	(781)
Amortization of accumulated loss	99	121	15
Net periodic benefit cost	(83)	(198)	(374)
Prior service cost	537	537	673
Net loss	(30)	(99)	(120)
	$ 507	$ 438	$ 553
Healthcare cost trend rate assumed for next year	6.60%	6.60%	6.90%
Rate to which the cost trend rate gradually declines	4.50%	4.50%	4.50%
Year that the rate reaches the rate at which it is assumed to remain	2,037	2,037	2,037

Note 12 - Employee Benefits and

Note 12 - Employee Benefits and Retirement Plans - Effect of 1% Change in Assumed Health Care Cost Trend Rates (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Effect on total of service and interest cost
Effect on postretirement benefit obligation	1	2	2
Effect on total of service and interest cost
Effect on postretirement benefit obligation	$ (1)	$ (2)	$ (2)

Note 12 - Employee Benefit an74

Note 12 - Employee Benefit and Retirement Plans - Future Pension and Other Benefits Payments (Details) $ in Thousands	Jun. 30, 2018USD ($)
Pension Plan [Member]
2,019	$ 7,192
2,020	7,405
2,021	7,612
2,022	7,971
2,023	8,201
2024-2028	44,223
Other Benefits [Member]
2,019	338
2,020	342
2,021	347
2,022	355
2,023	347
2024-2028	$ 1,844

Note 13 - Debt (Details Textual

Note 13 - Debt (Details Textual)	Jan. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Nov. 22, 2011USD ($)	Jun. 30, 2018USD ($)
Line of Credit Facility, Maximum Borrowing Capacity	$ 23,000,000
Line of Credit Facility, Interest Rate During Period				3.33%
Minimum Consolidated Cash and Liquid Investments Pursuant to New Loan and Security Agreement	$ 10,000,000
Long-term Line of Credit, Total				$ 12,900,000
Line of Credit Facility, Commitment Fee Percentage				0.25%
Line of Credit Facility, Current Borrowing Capacity				$ 22,100,000
Line of Credit Facility, Remaining Borrowing Capacity				9,200,000
Notes Payable to Banks [Member] | Santander Bank and Bradesco Bank [Member]
Debt Instrument, Face Amount		$ 3,500,000
Notes Payable to Banks [Member] | Santander Bank [Member]
Debt Instrument, Face Amount		$ 1,500,000
Debt Instrument, Term		180 days
Debt Instrument, Interest Rate, Stated Percentage		4.19%
Notes Payable to Banks [Member] | Bradesco Bank [Member]
Debt Instrument, Face Amount		$ 2
Debt Instrument, Term		360 years
Debt Instrument, Interest Rate, Stated Percentage		4.75%
Short-term Debt, Total				2,000,000
Standby Letters of Credit [Member]
Long-term Line of Credit, Total				900,000
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, Total			$ 160,640
Long-term Line of Credit, Total				$ 6,100,000
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 13 - Debt - Debt Schedule

Note 13 - Debt - Debt Schedule (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Loan and Security Agreement	$ 1,688	$ 11,514
Other loans	1,967
Loan and Security Agreement, net of current portion	17,307	6,095
Total debt	$ 20,962	$ 17,609

Note 13 - Debt - Future Maturit

Note 13 - Debt - Future Maturities of Debt (Details) $ in Thousands	Jun. 30, 2018USD ($)
2,019	$ 3,655
2,020	1,765
2,021	14,747
2,022	795
2,023
Thereafter
Total	$ 20,962

Note 17 - Financial Informati78

Note 17 - Financial Information by Segment and Geographic Area (Details Textual) $ in Thousands

3 Months Ended

12 Months Ended

Jun. 30, 2018USD ($)

Mar. 31, 2018USD ($)

Dec. 31, 2017USD ($)

Sep. 30, 2017USD ($)

Jun. 30, 2017USD ($)

Mar. 31, 2017USD ($)

Dec. 31, 2016USD ($)

Sep. 30, 2016USD ($)

Jun. 30, 2018USD ($)

Jun. 30, 2017USD ($)

Jun. 30, 2016USD ($)

Jun. 30, 2015

Number of Reportable Segments

2

1

Revenues, Total

$ 57,552

$ 54,834

$ 52,124

$ 51,818

$ 54,253

$ 50,670

$ 53,187

$ 48,913

$ 216,328

[1]

$ 207,023

[2]

$ 209,685

[3]

North American Segment [Member]

Revenues, Total

128,442

[1]

124,606

[2]

130,108

[3]

North American Segment [Member] | Intersegment Eliminations [Member]

Revenues, Total

6,468

7,902

8,259

International Segment [Member]

Revenues, Total

87,886

[1]

82,417

[2]

79,577

[3]

International Segment [Member] | Intersegment Eliminations [Member]

Revenues, Total

$ 14,239

$ 11,677

$ 9,282

[1]

Excludes $6,468 of North American segment intercompany sales to the International segment and $14,239 intercompany sales of the International segment to the North American segment.

[2]

Excludes $7,902 of North American segment intercompany sales to the International segment and $11,677 intercompany sales of the International segment to the North American segment.

[3]

Excludes $8,259 of North American segment intercompany sales to the International segment and $9,282 intercompany sales of the International segment to the North American segment.

Note 17 - Financial Informati79

Note 17 - Financial Information by Segment and Geographic Area - Summary of Financial Results for Reportable Segments (Details) - USD ($)		3 Months Ended								12 Months Ended
		Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2018		Jun. 30, 2017		Jun. 30, 2016
Revenues, Total		$ 57,552,000	$ 54,834,000	$ 52,124,000	$ 51,818,000	$ 54,253,000	$ 50,670,000	$ 53,187,000	$ 48,913,000	$ 216,328,000	[1]	$ 207,023,000	[2]	$ 209,685,000	[3]
Operating income										4,724,000		(1,044,000)		(20,445,000)
Capital expenditures and software development										5,762,000		5,836,000		8,240,000
Depreciation and amortization										7,511,000		7,026,000		7,214,000
Current assets	[4]	113,228,000				110,123,000				113,228,000		110,123,000		120,911,000
Long-lived assets	[5]	69,058,000				82,542,000				69,058,000		82,542,000		80,687,000
Restructuring charges												(988,000)
Impairment of Long-Lived Assets Held-for-use														4,114,000
North American Segment [Member]
Revenues, Total										128,442,000	[1]	124,606,000	[2]	130,108,000	[3]
Operating income										8,175,000		6,138,000		(8,311,000)
Capital expenditures and software development										3,426,000		2,765,000		5,040,000
Depreciation and amortization										4,923,000		4,551,000		4,537,000
Current assets	[4]	37,546,000				33,555,000				37,546,000		33,555,000		33,787,000
Long-lived assets	[5]	37,489,000				39,199,000				37,489,000		39,199,000		36,539,000
Restructuring charges												(82,000)
Impairment of Long-Lived Assets Held-for-use														4,114,000
International Segment [Member]
Revenues, Total										87,886,000	[1]	82,417,000	[2]	79,577,000	[3]
Operating income										2,128,000		268,000		(3,117,000)
Capital expenditures and software development										2,336,000		3,071,000		3,200,000
Depreciation and amortization										2,588,000		2,475,000		2,677,000
Current assets	[4]	60,855,000				61,961,000				60,855,000		61,961,000		62,810,000
Long-lived assets	[5]	13,010,000				14,684,000				13,010,000		14,684,000		13,995,000
Restructuring charges												(906,000)
Impairment of Long-Lived Assets Held-for-use
Unallocated [Member]
Revenues, Total											[1]		[2]		[3]
Operating income										(5,579,000)		(7,450,000)		(9,017,000)
Capital expenditures and software development
Depreciation and amortization
Current assets	[4]	14,827,000				14,607,000				14,827,000		14,607,000		24,314,000
Long-lived assets	[5]	$ 18,559,000				$ 28,659,000				$ 18,559,000		28,659,000		30,153,000
Restructuring charges
Impairment of Long-Lived Assets Held-for-use
[1]	Excludes $6,468 of North American segment intercompany sales to the International segment and $14,239 intercompany sales of the International segment to the North American segment.
[2]	Excludes $7,902 of North American segment intercompany sales to the International segment and $11,677 intercompany sales of the International segment to the North American segment.
[3]	Excludes $8,259 of North American segment intercompany sales to the International segment and $9,282 intercompany sales of the International segment to the North American segment.
[4]	Current assets primarily consist of accounts receivable, inventories and prepaid expenses. Assets not allocated to the segments include cash and cash equivalents, deferred income taxes, and other non-current assets.
[5]	Long lived assets consist of property, plant and equipment, goodwill, and other intangible assets. Long term deferred and other tax assets are not allocated to the segments.

Note 17 - Financial Informati80

Note 17 - Financial Information by Segment and Geographic Area - Geographic Sales and Long-Lived Assets (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2018		Jun. 30, 2017		Jun. 30, 2016
Revenues, Total	$ 57,552	$ 54,834	$ 52,124	$ 51,818	$ 54,253	$ 50,670	$ 53,187	$ 48,913	$ 216,328	[1]	$ 207,023	[2]	$ 209,685	[3]
Long-lived assets	50,499				53,883				50,499		53,883		50,534
UNITED STATES
Revenues, Total									119,226		115,562		119,638
Long-lived assets	37,437				39,131				37,437		39,131		36,189
North America Other than US [Member]
Revenues, Total									9,216		9,044		10,470
Long-lived assets	52				68				52		68		350
North America [Member]
Revenues, Total									128,442		124,606		130,108
Long-lived assets	37,489				39,199				37,489		39,199		36,539
BRAZIL
Revenues, Total									49,726		45,614		43,283
Long-lived assets	8,662				10,111				8,662		10,111		8,818
UNITED KINGDOM
Revenues, Total									25,099		24,954		24,485
Long-lived assets	1,876				1,976				1,876		1,976		2,143
CHINA
Revenues, Total									7,323		6,873		7,207
Long-lived assets	2,346				2,426				2,346		2,426		2,887
Australia and New Zealand [Member]
Revenues, Total									5,738		4,976		4,602
Long-lived assets	126				171				126		171		147
International [Member]
Revenues, Total									87,886		82,417		79,577
Long-lived assets	$ 13,010				$ 14,684				$ 13,010		$ 14,684		$ 13,995
[1]	Excludes $6,468 of North American segment intercompany sales to the International segment and $14,239 intercompany sales of the International segment to the North American segment.
[2]	Excludes $7,902 of North American segment intercompany sales to the International segment and $11,677 intercompany sales of the International segment to the North American segment.
[3]	Excludes $8,259 of North American segment intercompany sales to the International segment and $9,282 intercompany sales of the International segment to the North American segment.

Note 18 - Quarterly Financial81

Note 18 - Quarterly Financial Data - Summary of Quarterly Financial Data (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2018		Jun. 30, 2017		Jun. 30, 2016
Net Sales	$ 57,552	$ 54,834	$ 52,124	$ 51,818	$ 54,253	$ 50,670	$ 53,187	$ 48,913	$ 216,328	[1]	$ 207,023	[2]	$ 209,685	[3]
Gross Margin	18,434	18,072	15,930	16,539	16,735	14,479	16,822	13,914	68,975		61,950		46,988
Earnings Before Income Taxes	791	2,337	1,097	640	(211)	(1,244)	1,517	1,476	4,865		1,538		(20,375)
Net Earnings / (Loss)	$ 825	$ 1,637	$ (6,521)	$ 426	$ (45)	$ (786)	$ 1,063	$ 759	$ (3,633)		$ 991		$ (14,130)
Basic and Diluted Earnings / (Loss) Per Share (in dollars per share)	$ 0.12	$ 0.23	$ (0.93)	$ 0.06	$ (0.01)	$ (0.11)	$ 0.15	$ 0.11	$ (0.52)		$ 0.14
[1]	Excludes $6,468 of North American segment intercompany sales to the International segment and $14,239 intercompany sales of the International segment to the North American segment.
[2]	Excludes $7,902 of North American segment intercompany sales to the International segment and $11,677 intercompany sales of the International segment to the North American segment.
[3]	Excludes $8,259 of North American segment intercompany sales to the International segment and $9,282 intercompany sales of the International segment to the North American segment.

Note 19 - Related Party Trans82

Note 19 - Related Party Transactions (Details Textual) - Armco do Brasil S.A. [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Related Party Transaction, Purchases from Related Party	$ 3,800	$ 5,100	$ 3,200
Accounts Payable, Related Parties	$ 0	$ 200

Schedule II - Valuation and Q83

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Balance at Beginning of Period	$ 946	$ 887	$ 612
Provisions	539	284	352
Charges to Other Accounts	(71)	(23)	(2)
Write-offs	(137)	(202)	(75)
Balance at End of Period	1,277	946	887
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Balance at Beginning of Period	2,922	5,246	4,501
Provisions	2,077	117	1,193
Charges to Other Accounts		1	(344)
Write-offs		(2,442)	(104)
Balance at End of Period	$ 4,999	$ 2,922	$ 5,246