Note 6 - Inventories

6 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note

6:

   Inventories

Inventories consist of the following (in thousands):

	12/31/2018			6/30/2018
Raw material and supplies	$	26,103		$	23,764
Goods in process and finished parts		17,635			18,423
Finished goods		41,300			40,739
		85,038			82,926
LIFO Reserve		(24,336	)		(24,887	)
	$	60,702		$	58,039

LIFO inventories were

$7.3

million and

$8.4

million at

December 31, 2018

and

June 30, 2018,

respectively, such amounts being approximately

$24.3

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

$0.6

million decrease in cost of sales for the

six

months ended

December 31, 2018

compared to a

$0.2

million increase for the

six

months ended

December 31, 2017.