Subsequent Events	6 Months Ended
Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	11. Subsequent Events On January 29, 2015, the Company announced that it had reached agreement to acquire the businesses of two European metrology companies. The total value of the transactions will be approximately $15.7 million. On January 29, 2015, the Company acquired all of the share capital of Next Metrology Software s.r.o. a Czech Republic company that develops operating software for coordinate measuring machines, for $2.1 million in cash at closing, $295,000 in cash contingent upon the closing of the Coord3 Transaction, and deferred payments of $230,000 due 12 months from closing. The Company expects to close on the acquisition of the coordinate measuring machine business of Coord3 Industries s.r.l. by the end of February, 2015, subject to customary closing conditions, for $2.0 million in cash at closing, deferred payments of $350,000 due 18 months from closing and assumed debt of $10.7 million. Coord3 Industries s.r.l. is an Italian based designer and manufacturer of a full range of coordinate measuring machines. The purchase transactions are denominated in Euros and have been converted to U.S dollars using an assumed 1.17 exchange rate. See the Liquidity and Capital Resources section of Management’s Discussion and Analysis of Financial Condition and Results of Operations, contained in this Quarterly Report on Form 10-Q, for further information regarding these acquisitions. On January 29, 2015, the Company also entered into a Seventh Amendment to the Company’s $6.0 million secured credit agreement with Comerica Bank (“Credit Agreement”). The Seventh Amendment provides for Comerica Bank’s consent to the acquisitions referred to above, reduces the minimum Tangible Net Worth requirement to $31.0 million and provides an Advance Formula Agreement for borrowings under the Credit Agreement. The Advance Formula Agreement limits borrowings to the lesser of $6.0 million or 80% of eligible accounts receivable. At December 31, 2014, if the Advance Formula Agreement had been in effect, the Company would have been able to borrow $3.7 million.

11. Subsequent Events

On January 29, 2015, the Company announced that it had reached agreement to acquire the businesses of two European metrology companies. The total value of the transactions will be approximately $15.7 million. On January 29, 2015, the Company acquired all of the share capital of Next Metrology Software s.r.o. a Czech Republic company that develops operating software for coordinate measuring machines, for $2.1 million in cash at closing, $295,000 in cash contingent upon the closing of the Coord3 Transaction, and deferred payments of $230,000 due 12 months from closing. The Company expects to close on the acquisition of the coordinate measuring machine business of Coord3 Industries s.r.l. by the end of February, 2015, subject to customary closing conditions, for $2.0 million in cash at closing, deferred payments of $350,000 due 18 months from closing and assumed debt of $10.7 million. Coord3 Industries s.r.l. is an Italian based designer and manufacturer of a full range of coordinate measuring machines. The purchase transactions are denominated in Euros and have been converted to U.S dollars using an assumed 1.17 exchange rate. See the Liquidity and Capital Resources section of Management’s Discussion and Analysis of Financial Condition and Results of Operations, contained in this Quarterly Report on Form 10-Q, for further information regarding these acquisitions.

On January 29, 2015, the Company also entered into a Seventh Amendment to the Company’s $6.0 million secured credit agreement with Comerica Bank (“Credit Agreement”). The Seventh Amendment provides for Comerica Bank’s consent to the acquisitions referred to above, reduces the minimum Tangible Net Worth requirement to $31.0 million and provides an Advance Formula Agreement for borrowings under the Credit Agreement. The Advance Formula Agreement limits borrowings to the lesser of $6.0 million or 80% of eligible accounts receivable. At December 31, 2014, if the Advance Formula Agreement had been in effect, the Company would have been able to borrow $3.7 million.