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Note 13 - Severance Costs
9 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Compensation and Employee Benefit Plans [Text Block]

NOTE 13 SEVERANCE COSTS

 

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

 

 

   

Nine Months

   

Nine Months

   

Fiscal Year

 
   

Ended

   

Ended

   

Ended

 
   

March 31,

   

March 31,

   

June 30,

 

(In thousands)

 

2021

   

2020

   

2020

 
                         

Balance at beginning of period

  $ 639     $ 1,134     $ 1,134  

Accrual of expense

    21       73       344  

Payments

    (555

)

    (481

)

    (839

)

Balance at end of period

  $ 105     $ 726     $ 639  

 

The $0.1 million severance reserve reported as of March 31, 2021 has been classified as a current liability and will be paid out over the next twelve months.