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Note M - Subsequent Event
6 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Subsequent Events [Text Block]

M. Subsequent Event

 

On January 12, 2023, we purchased four 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 four contracts expire quarterly beginning December 2023 and ending September 2024. The forward contracts have a notional amount of €6.9 million and a weighted average forward rate of 1.10.