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Note M - Engineering and Development Costs
12 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Research, Development, and Computer Software Disclosure [Text Block]

M. ENGINEERING AND DEVELOPMENT COSTS

 

Engineering and development costs include research and development expenses for new products, development and major improvements to existing products, and other costs for ongoing efforts to refine existing products. Research and development costs charged to operations totaled $2,629 and $2,458 in fiscal 2024 and 2023, respectively. Total engineering and development costs were $9,843 and $8,741 in fiscal 2024 and 2023, respectively, and are primarily recorded within Marketing, engineering and administration expenses on the consolidated statements of operations and comprehensive income.