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Note 12 - Subsequent Events
6 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Subsequent Events [Text Block]
Note
12:
Subsequent Events
 
Subsequent to
December 31, 2017,
the Company decided to vacate its facility in Mt. Airy, North Carolina, and move current operations to a smaller building. While
no
definitive date for this move has been set yet, the Company anticipates that the move will
happen within the next
12
months. The Company incurred a
$4.1
million impairment charge in fiscal
2016,
when the majority of the plant’s operations were relocated to the Company’s Brazilian production facility. As of
December 31, 2017,
the carrying value of the building is
$2.0
million, and the Company believes that the current fair value exceeds the carrying value. The Company expects that there
may
be restructuring costs, including severance payments, and equipment relocation costs that will be incurred in connection with this decision. These costs will be recorded as incurred.