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Subsequent Events
12 Months Ended
Jun. 30, 2019
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On July 30, 2019, the Company announced the pending purchase agreement to acquire American Panel Corporation (“APC”). Based in Alpharetta, Georgia, APC is a leading innovator in large area display technology. Their capabilities are deployed on a wide range of Defense and Commercial aviation platforms. The Company's agreement to acquire APC is for an all cash purchase price of $100,000, subject to net working capital and net debt adjustments. The acquisition and associated transaction expenses will be funded with cash on hand.
Effective as of July 1, 2019, the Company's fiscal year has changed to the 52-week or 53-week period ending on the Friday closest to the last day in June.
The Company has evaluated subsequent events from the date of the consolidated balance sheet through the date the consolidated financial statements were issued.