Note 7 - Other Liabilities

9 Months Ended

Mar. 31, 2013

Other Liabilities Disclosure [Text Block]

(7) Other Liabilities

Other liabilities consist of the following:

(amounts in thousands)	March 31, 2013			June 30, 2012
Deferred compensation	$	332		$	358
Supplemental retirement plan		966			877
Accrued lease		18			1,121
Warranty accrual		181			181
Income tax liability		209			251
Deferred gain		784			-
Interest & other		272			581
		2,762			3,369
Less current portion		(1,719	)		(2,068	)
	$	1,043		$	1,301

The Company provides warranty policies on its products. In addition, the Company incurs costs to service its products in connection with specific product performance issues. Liabilities for product warranties are based upon expected future product performance and durability, and are estimated largely based upon historical experience. Adjustments are made to accruals as claim data and historical experience warrant. The changes in product warranty reserves are as follows:

(amounts in thousands)
Balance as of July 1, 2011	$	277
Additions		224
Costs incurred		(126	)
Adjustments		(199	)
Balance as of March 31, 2012	$	176

	(amounts in thousands)
Balance as of July 1, 2012	$	181
Additions		311
Costs incurred		(291	)
Adjustments		(20	)
Balance as of March 31, 2013	$	181