Note 8 - Warranties

6 Months Ended

Dec. 31, 2014

Product Warranties Disclosures [Abstract]

Product Warranty Disclosure [Text Block]

8)     Warranties

The expected cost associated with warranty obligations on our products is recorded when the revenue is recognized. The Company’s estimate of warranty cost is based on contract terms and historical warranty loss experience that is periodically adjusted for recent actual experience. Since warranty estimates are forecasts based on the best available information, claims costs may differ from amounts provided. Adjustments to initial obligations for warranties are made as changes in the obligations become reasonably estimable.

The changes in warranty reserve, which are recorded as a component of accrued liabilities, for the six months ended December 31, 2014 and year ended June 30, 2014 were as follows (in thousands):

	December 31, 2014			June 30, 2014
Balance at beginning of year	$	6,941		$	6,782
Acquisitions		-			274
Warranty expense		2,937			3,937
Warranty claims		(2,560	)		(4,052	)
Balance at end of period	$	7,318		$	6,941