Note 12 - Severance Costs

6 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

NOTE

1

2

– SEVERANCE COSTS

The Company recorded severance expense of

$492,000

and

$83,000

in the

six

months ended

December 31, 2018

and

2017,

respectively. This severance expense was related to reductions in staffing

not

related to plant restructuring. See further discussion of restructuring expenses in Note

13.

The activity in the Company’s accrued severance liability is as follows for the periods indicated:

	Six			Six			Fiscal
	Months Ended			Months Ended			Year Ended
(In thousands)	December 31,			December 31,			June 30,
	2018			2017			2018
Balance at beginning of the period	$	1,772		$	235		$	235
Accrual of expense		492			83			1,900
Payments		(549	)		(218	)		(363	)
Adjustments		--			(14	)		--
Balance at end of the period	$	1,715		$	86		$	1,772

Of the total

$1,715,000

severance reserve reported as of

December 31, 2018,

$869,000

has been classified as a current liability and will be paid out over the next

twelve

months. The remaining

$846,000

has been classified as a long-term liability.