Note 4 - Inventories

6 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note 4:   Inventories

Inventories consist of the following (in thousands):

	12/31/2015			6/30/2015
Raw material and supplies	$	31,182		$	32,784
Goods in process and finished parts		16,195			18,569
Finished goods		39,364			39,689
		86,741			91,042
LIFO Reserve		(28,479	)		(28,039	)
Inventories	$	58,262		$	63,003

LIFO inventories were $12.5 million and $14.6 million at December 31, 2015 and June 30, 2015, respectively, such amounts being approximately $28.5 million and $28.0 million, respectively, less than if determined on a FIFO basis.  The use of LIFO, as compared to FIFO, resulted in a $0.4 million increase in cost of sales for the six months ended December 31, 2015 compared to a $0.1 million decrease for the six months ended December 31, 2014.