WARRANTY ACCRUAL

6 Months Ended

Dec. 31, 2015

Notes to Financial Statements

WARRANTY ACCRUAL (IN THOUSANDS, EXCEPT EARNINGS PER SHARE AND NUMBER OF SHARES)

The Company provides for the estimated costs that may be incurred under its warranty program at the time the sale is recorded. The warranty period for products manufactured by the Company is generally one year or the warranty period agreed with the customer.  The Company estimates the warranty costs based on the historical rates of warranty returns. The Company periodically assesses the adequacy of its recorded warranty liability and adjusts the amounts as necessary.

	Dec. 31, 2015 (Unaudited)			June 30, 2015
Beginning	$	103		$	60
Additions charged to cost and expenses		25			114
Utilization/ reversal		(39	)		(65	)
Currency translation effect		(5	)		(6	)
Ending	$	84		$	103