Note B - Inventories

12 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Inventory Disclosure [Text Block]

B. INVENTORIES

The major classes of inventories at June 30 were as follows:

	2016		2015
Finished parts	$	45,622	$	56,982
Work in process		8,020		8,292
Raw materials		12,927		14,967
	$	66,569	$	80,241

Inventories stated on a LIFO basis represent approximately 33% and 28% of total inventories at June 30, 2016 and 2015, respectively. The approximate current cost of the LIFO inventories exceeded the LIFO cost by $26,451 and $26,816 at June 30, 2016 and 2015, respectively. The Company had reserves for inventory obsolescence of $8,823 and $8,167 at June 30, 2016 and 2015, respectively.