Note 10 - Subsequent Events	3 Months Ended
Sep. 30, 2012
Subsequent Events [Text Block]	Note 10: Subsequent Events On September 5, 2012 the Board of Directors (the “Board”) adopted The L.S. Starrett Company 2012 Long Term Incentive Plan (the “Plan”). The Plan will be administered by the Compensation Committee of the Board. Under the Plan, stock options, stock appreciation rights, restricted stock, unrestricted stock, performance awards (in cash or stock) and stock units may be granted to key employees, directors, consultants and advisors of the company. A total of 500,000 shares of Class A Stock may be issued under the Plan, as adjusted for any stock dividend, stock split or combination of shares (including a reverse stock split), recapitalization or other change in the Company’s capital structure. The Plan provides that the maximum number of shares which may be granted to any participant during any fiscal year will be 150,000 and the maximum amount payable to any person in any fiscal year as cash awards will be $2 million. The plan became effective as of October 17, 2012 when it was approved by shareholders. On October 17, 2012 The L.S. Starrett Company 2012 Stock Purchase Plan, which authorizes employees to subscribe for up to 500,000 shares of Company stock over the ensuing five years, was approved by shareholders.

Note 10 - Subsequent Events

3 Months Ended

Sep. 30, 2012

Note 10: Subsequent Events

On September 5, 2012 the Board of Directors (the “Board”) adopted The L.S. Starrett Company 2012 Long Term Incentive Plan (the “Plan”). The Plan will be administered by the Compensation Committee of the Board. Under the Plan, stock options, stock appreciation rights, restricted stock, unrestricted stock, performance awards (in cash or stock) and stock units may be granted to key employees, directors, consultants and advisors of the company. A total of 500,000 shares of Class A Stock may be issued under the Plan, as adjusted for any stock dividend, stock split or combination of shares (including a reverse stock split), recapitalization or other change in the Company’s capital structure. The Plan provides that the maximum number of shares which may be granted to any participant during any fiscal year will be 150,000 and the maximum amount payable to any person in any fiscal year as cash awards will be $2 million. The plan became effective as of October 17, 2012 when it was approved by shareholders.

On October 17, 2012 The L.S. Starrett Company 2012 Stock Purchase Plan, which authorizes employees to subscribe for up to 500,000 shares of Company stock over the ensuing five years, was approved by shareholders.