Note B - Inventories

12 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Inventory Disclosure [Text Block]

B. INVENTORIES

The major classes of inventories at

June 30

were as follows:

	2017		2016
Finished parts	$	45,829	$	45,622
Work in process		8,358		8,020
Raw materials		12,006		12,927
	$	66,193	$	66,569

Inventories stated on a LIFO basis represent approximately

36%

and

33%

of total inventories at

June 30, 2017

and

2016,

respectively. The approximate current cost of the LIFO inventories exceeded the LIFO cost by

$26,422

and

$26,451

at

June 30, 2017

and

2016,

respectively. The Company had reserves for inventory obsolescence of

$9,068

and

$8,823

at

June 30, 2017

and

2016,

respectively.