Note 13 - Severance Costs

3 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

NOTE 1

3

– SEVERANCE COSTS

The Company recorded severance expense of $145,000 and $13,000 in the three months ended September 30, 2016 and 2015, respectively. This severance expense was related to reductions in staffing not related to plant restructuring. See further discussion of restructuring expenses in Note 14.

The activity in the Company’s Accrued Severance Liability is as follows for the periods indicated:

	Three			Three			Fiscal
	Months Ended			Months Ended			Year Ended
(In thousands)	September 30,			September 30,			June 30,
	2016			2015			2016
Balance at beginning of the period	$	39		$	379		$	379
Accrual of expense		145			13			469
Payments		(119	)		(200	)		(742	)
Adjustments		--			(58	)		(67	)
Balance at end of the period	$	65		$	134		$	39