Note 6 - Inventories

12 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Inventory Disclosure [Text Block]

6.

  INVENTORIES

Inventories consist of the following (in thousands):

	June 30, 2017			June 30, 2016
Raw materials and supplies	$	26,293		$	29,209
Goods in process and finished parts		16,419			16,459
Finished goods		41,591			39,449
		84,303			85,117
LIFO reserve		(26,206	)		(28,796	)
	$	58,097		$	56,321

LIFO inventories were

$7.7

million and

$10.5

million at

June 30, 2017

and

June 30, 2016,

respectively, such amounts being approximately

$26.2

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

$2.6

million decrease in cost of sales for the goods sold in fiscal

2017

compared to a

$0.8

million increase in fiscal

2016.