XML 78 R63.htm IDEA: XBRL DOCUMENT v3.19.2
Note F - Goodwill and Other Intangibles (Details Textual)
12 Months Ended
May 13, 2019
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Jul. 02, 2018
USD ($)
Jun. 30, 2017
USD ($)
Goodwill, Ending Balance   $ 25,954,000 $ 2,692,000   $ 2,585,000
Goodwill, Impairment Loss   $ 0      
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life   9 years      
Amortization of Intangible Assets, Total   $ 2,653,000 149,000    
Indefinite-lived Intangible Assets (Excluding Goodwill), Ending Balance   200,000 202,000    
European Propulsion [Member]          
Goodwill, Ending Balance   23,371,000  
Goodwill, Impairment Loss   $ 0      
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount   118.00%      
European Industrial [Member]          
Goodwill, Ending Balance   $ 2,583,000 $ 2,692,000   $ 2,585,000
Goodwill, Impairment Loss   $ 0      
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount   41.00%      
Measurement Input, Discount Rate [Member] | European Propulsion [Member]          
Goodwill, Measurement Input   0.13      
Measurement Input, Discount Rate [Member] | European Industrial [Member]          
Goodwill, Measurement Input   0.14      
Veth Propulsion [Member]          
Goodwill, Ending Balance [1]       $ 23,999,000  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles [2]       $ 26,500,000  
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life 9 years        
Amortization of Intangible Assets, Total   $ 2,636,000      
[1] The Company is not able to deduct any of the goodwill for tax purposes.
[2] Intangibles consist of customer relationships, technology and know-how and tradenames, with estimated useful lives 12 years, 7 years, and 10 years, respectively, and weighted average remaining useful life of approximately 9 years. The amounts acquired are presented in Note F, Goodwill and Other Intangibles.