Note M - Subsequent Events

3 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Subsequent Events [Text Block]

M. Subsequent Events

On

October 18, 2019,

we purchased

six

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

six

contracts expire quarterly beginning

May 2020

and ending

August 2021.

The forward contracts have a notional amount of

€17.7

million and a weighted average forward rate of

1.14.

Management has evaluated subsequent events through

November 14, 2019,

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

no

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