Inventories

3 Months Ended

Sep. 30, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consist of the following (in thousands):

	9/30/2023		6/30/2023
Raw material and supplies	$	36,975	$	36,402
Goods in process and finished parts	20,153		20,978
Finished goods	34,305		34,414
	91,433		91,794
LIFO Reserve	(26,307)		(26,380)
Total Inventory	$	65,126	$	65,414

Of the Company’s $65.1 million and $65.4 million total inventory at September 30, 2023 and June 30, 2023, respectively, the $26.3 million and $26.4 million LIFO reserves belong to the U.S. Precision Tools and Saws Manufacturing “Core U.S.” business. The Core U.S. business total inventory was $37.8 million on a FIFO basis and $11.5 million on a LIFO basis at September 30, 2023. The Core U.S. business had total Inventory, on a FIFO basis, of $38.1 million and $11.7 million on a LIFO basis as of June 30, 2023. The use of LIFO, as compared to FIFO, resulted in a $0.1 million decrease in cost of sales for the goods sold in the three month period ended September 30, 2023 compared to $0.3 million decrease in the three month period ended