Note N - Subsequent Events

12 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Subsequent Events [Text Block]

N. Subsequent Events

On July 14, 2016, we purchased 24 forward contracts designated and effective as cash flow hedges to protect against the foreign currency exchange risk inherent in a portion of our forecasted sales transactions denominated in Euros. The 24 contracts expire monthly beginning September 2016 and ending August 2017. The forward contracts had a notional amount of 30.5 million Euros and a weighted average forward rate of $1.12.