Note 4 - Inventories

3 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note 4:   Inventories

Inventories consist of the following (in thousands):

	9/30/2016			6/30/2016
Raw material and supplies	$	28,517		$	29,209
Goods in process and finished parts		15,778			16,459
Finished goods		43,516			39,449
		87,811			85,117
LIFO Reserve		(28,793	)		(28,796	)
Inventories	$	59,018		$	56,321

LIFO inventories were $11.5 million and $10.5 million at September 30, 2016 and at June 30, 2016, respectively, such amounts being approximately $28.8 million less than if determined on a FIFO basis.  The use of LIFO, as compared to FIFO, resulted in no material change in cost of sales for the three months ended September 30, 2016 compared to a $0.1 million increase in the three months ended September 30, 2015.