Note B - Acquisition of Katsa Oy (Tables)

12 Months Ended

Jun. 30, 2024

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Cash purchase price	$	25.1
Final working capital adjustment		0.8
Total consideration	$	25.9
Assets acquired (in millions):
Cash	$	2.7
Trade accounts receivable, net		7.4
Inventories, net		10.6
Prepaid expenses		0.3
Other		0.8
Property, plant and equipment, net		13.9
Right-of-use operating lease assets		0.5
Intangible assets, net		3.4
Total assets acquired	$	39.6
Liabilities assumed (in millions):
Accounts payable		1.8
Accrued liabilities		5.3
Lease obligations		0.4
Deferred income taxes		2.5
Total liabilities assumed	$	10.0
Total identified net assets acquired (in millions):	$	29.6
Gain on bargain purchase		3.7
Purchase price consideration	$	25.9

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Assets acquired (in millions):
Cash	$	2.7
Trade accounts receivable, net		7.4	(a)
Inventories, net		10.6	(b)
Prepaid expenses		0.3
Other		0.8
Property, plant and equipment, net		13.9	(c)
Right-of-use operating lease assets		0.5
Intangible assets, net		3.4	(d)
Accounts payable		1.8
Accrued liabilities		5.3	(e)
Lease obligations		0.4
Deferred income taxes		2.5
Total identified net assets acquired (in millions):	$	29.6
Gain on bargain purchase		3.7	(f)
Purchase price consideration	$	25.9

Schedule of Inventory Acquired, Measured at Fair Value [Table Text Block]

Raw materials	$	4.5
Work in progress at fair value		2.8
Finished goods at fair value		3.3
Inventories at fair value	$	10.6
Inventories at book value		9.8
Step-up	$	0.8

Schedule of Property, Plant and Equipment Acquired, Measured at Fair Value [Table Text Block]

Buildings	$	7.6
Land		0.9
Equipment		5.4
Property, plant and equipment at fair value		13.9
Property, plant and equipment at book value		5.3
Step-up	$	8.6

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

	Estimated fair		Estimated average
	value		useful lives
Customer relationships	$	1.5		12
Tradename		0.9		10
Technology know-how		1.0		7
Total	$	3.4