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Note M - Subsequent Events
9 Months Ended
Mar. 31, 2022
Notes to Financial Statements  
Subsequent Events [Text Block]

M. Subsequent Event

 

On April 22, 2022, we purchased two 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 two contracts expire quarterly beginning May 2023 and ending August 2023. The forward contracts have a notional amount of EUR 6.0 million and a weighted average forward rate of 1.11.