Note N - Subsequent Events

12 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Subsequent Events [Text Block]

N

. Subsequent Events

On

July 9, 2018,

we purchased

16

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

16

contracts expire monthly beginning

September 2018

and ending

August 2020.

The forward contracts have a notional amount of

€52.6

million and a weighted average forward rate of

1.21.

Management has evaluated subsequent events through

September 19, 2018,

the date the Statements were available to be issued and there are

no

subsequent events that would require adjustment to or disclosure in the Statements.