Note 6 - Inventories

12 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Inventory Disclosure [Text Block]

6.  INVENTORIES

Inventories consist of the following (in thousands):

	June 30, 2015			June 30, 2014
Raw materials and supplies	$	32,784		$	31,303
Goods in process and finished parts		18,569			19,148
Finished goods		39,689			42,459
		91,042			92,910
LIFO reserve		(28,039	)		(27,328	)
	$	63,003		$	65,582

LIFO inventories were $14.6 million and $14.1 million at June 30, 2015 and June 30, 2014, respectively, such amounts being approximately $28.0 million and $27.3 million, respectively, less than if determined on a FIFO basis.  The use of LIFO compared to FIFO on an annual basis resulted in a $0.7 million increase in cost of goods sold in fiscal 2015 compared to a decrease in cost of goods sold of $3.5 million in fiscal 2014.