Note 14 - Related Party Transactions

12 Months Ended

Jun. 30, 2012

Related Party Transactions Disclosure [Text Block]

NOTE 14 — RELATED PARTY TRANSACTIONS

The Company has recorded expense for the following related party transactions in the fiscal years indicated (amounts in thousands):

	2012		2011		2010
Keating Muething & Klekamp PLL	$	172	$	127	$	277
American Engineering and Metal Working	$	272	$	178	$	200
3970957 Canada Inc.	$	190	$	181	$	181

As of the balance sheet date indicated, the Company had the following liabilities recorded with respect to related party transactions (amounts in thousands):

	June 30, 2012		June 30, 2011
Keating Muething & Klekamp PLL	$	7	$	9
American Engineering and Metal Working	$	33	$	6

The law firm of Keating Muething & Klekamp PLL, of which one of the Company’s independent outside directors is a senior partner, is the Company’s primary outside law firm providing legal services in most all areas required other than patents and intellectual property. The manufacturing firm of American Engineering and Metal Working, which is owned and operated by the son of the president of the Company’s Graphics Segment, provides metal fabricated components. 3970957 Canada Inc., which is owned by the former president and another executive of the Company’s LSI Saco Technologies subsidiary, owns the building that the Canadian operation occupies and rents.