Note 7 - Other Liabilities

3 Months Ended

Sep. 30, 2013

Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]

Other Liabilities Disclosure [Text Block]

(7) Other Liabilities

Other liabilities consist of the following:

(amounts in thousands)	September 30, 2013			June 30, 2013
Deferred compensation	$	312		$	322
Supplemental retirement plan		1,026			995
Warranty accrual		192			170
Income tax liability		103			102
Deferred gain		736			760
Other		216			216
		2,585			2,565
Less current portion		(1,608	)		(1,555	)
	$	977		$	1,010

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, 2012	$	181
Additions		38
Costs incurred		(38	)
Adjustments		-
Balance as of September 30, 2012	$	181
Balance as of July 1, 2013	$	170
Additions		145
Costs incurred		(99	)
Adjustments		(24	)
Balance as of September 30, 2013	$	192