Note 10 - Contingencies

6 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

Note

10

:  Contingencies

The Company is involved in certain legal matters which arise in the normal course of business. These matters are

not

expected to have a material impact on the Company

’s financial condition, results of operations or cash flows.

In the

second

quarter of this year, the Company

’s Brazilian subsidiary received a favorable ruling on an old tax dispute related to the Brazilian Program of Social Integration (PIS) taxes. This ruling resulted in the recognition of other income of approximately

$1.0

million, and was awarded in the form of tax credits to be used to offset future tax payments