Note 6 - Inventories

3 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note

6

:   Inventories

Inventories consist of the following (in thousands):

	9/30/2018			6/30/2018
Raw material and supplies	$	24,304		$	23,764
Goods in process and finished parts		18,032			18,423
Finished goods		40,261			40,739
		82,597			82,926
LIFO Reserve		(24,568	)		(24,887	)
	$	58,029		$	58,039

LIFO inventories were

$7.7

million and

$8.4

million at

September 30, 2018

and

June 30, 2018,

respectively, such amounts being approximately

$24.6

million and

$24.9

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

$0.3

million decrease in cost of sales for the

three

months ended

September 30, 2018

compared to a

$0.1

million increase for the

three

months ended

September 30, 2017.