Note 4 - Inventories

6 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note

4:

   Inventories

Inventories consist of the following (in thousands):

	12/31/2016			6/30/2016
Raw material and supplies	$	28,568		$	29,209
Goods in process and finished parts		15,394			16,459
Finished goods		42,584			39,449
		86,546			85,117
LIFO Reserve		(28,342	)		(28,796	)
Inventories	$	58,204		$	56,321

LIFO inventories were

$9.7

million and

$10.5

million at

December

31,

2016

and

June

30,

2016,

respectively, such amounts being approximately

$28.3

million and

$28.8

million, respectively, less than if determined on a FIFO basis.  The use of LIFO, as compared to FIFO, resulted in a

$0.5

million decrease in cost of sales for the

six

months ended

December

31,

2016

compared to a

$0.4

million increase for the

six

months ended

December

31,

2015.