Note 16 - Related Party Transactions

12 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

NOTE 1

6

— RELATED PARTY TRANSACTIONS

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

	201 6		2015		2014
Keating Muething & Klekamp PLL	$	207	$	500	$	98
American Engineering and Metal Working	$	522	$	300	$	215
3970957 Canada Inc.	$	—	$	42	$	161
Synergy Electronic LTD	$	—	$	7	$	171

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,
	2016		2015
Keating Muething & Klekamp PLL	$	12	$	35
American Engineering and Metal Working	$	6	$	1

The Company has recognized revenue related to the following related party transactions in the fiscal years indicated (amount in thousands):

	201 6		2015		2014
Wesco International	$	2,450	$	2,726	$	5,444
American Engineering and Metalworking	$	27	$	4	$	7

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

	June 30,		June 30,
	2016		2015
Wesco International	$	57	$	262

The law firm of Keating Muething & Klekamp PLL, of which the son of one of the Company’s independent outside directors is a 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 former 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 former LSI Saco Technologies subsidiary, owns the building that the former Canadian operation occupied and rented

. Synergy Electronic LTD, which is owned and operated by the brother of an executive at the Company’s former LSI Saco Technologies, manufactures molds and materials used in video screens and research and development projects. Wesco International, of which one of the Company’s independent outside directors is a director, purchases lighting fixtures from the Company.