Note 14 - Related Party Transactions

12 Months Ended

Jun. 30, 2013

Related Party Transactions [Abstract]

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):

	2013		2012		2011
Keating Muething & Klekamp PLL	$	84	$	172	$	127
American Engineering and Metal Working	$	394	$	272	$	178
3970957 Canada Inc.	$	182	$	190	$	181
Synergy Electronic LTD	$	232	$	195	$	81

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,		June 30,
	2013		2012
Keating Muething & Klekamp PLL	$	19	$	7
American Engineering and Metal Working	$	5	$	33
Synergy Electronic LTD	$	5	$	-

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. Synergy Electronic LTD, which is owned and operated by the brother of an executive at LSI Saco Technologies, manufactures molds and materials used in video screens and research and development projects.