Note 7 - Inventories

3 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note

7

:   Inventories

Inventories consist of the following (in thousands):	0 9 / 3 0 / 2019			6/30/201 9
Raw material and supplies	$	27,718		$	26,106
Goods in process and finished parts		16,374			17,464
Finished goods		43,760			41,500
		87,852			85,070
LIFO Reserve		(23,327	)		(23,280	)
	$	64,525		$	61,790

LIFO inventories were

$11.9

million and

$9.8

million at

September 30, 2019

and

June 30, 2019,

respectively, such amounts being approximately

$23.3

million and

$23.3

million, respectively, less than if determined on a FIFO basis.  The use of LIFO, as compared to FIFO, resulted in a de minimis change in cost of sales for the

three

months ended

September 30, 2019

compared to a

$0.3

million decrease for the

three

months ended

September 30, 2018.