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INVENTORIES
12 Months Ended
Jun. 30, 2021
Inventory Disclosure [Abstract]  
INVENTORIES

NOTE 13. INVENTORIES

Inventories consisted of the following (in thousands):

 

 

 

June 30,

 

 

 

2021

 

 

2020

 

Materials, purchased parts and supplies

 

$

52,615

 

 

$

36,692

 

Work in process

 

 

11,353

 

 

 

10,867

 

Finished goods

 

 

15,728

 

 

 

17,608

 

Total

 

$

79,696

 

 

$

65,167

 

 

Inventories are stated at the lower of cost (average cost or first-in, first-out) or net realizable value and are included in prepaid expenses and other current assets on the accompanying consolidated balance sheets.  The Company periodically assesses its current inventory balances and records a provision for damaged, deteriorated, or obsolete inventory based on historical patterns and forecasted sales.