Note 14 - Severance Costs

12 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

NOTE

14

-

– SEVERANCE COSTS

The Company recorded severance charges of

$523,000

and

$469,000

in fiscal

2017

and

2016,

respectively. This severance expense was related to reductions in staffing

not

related to plant restructuring. See further discussion of restructuring expenses in Note

15.

The activity in the Company’s accrued severance liability was as follows for the

twelve

months ended

June 30, 2017

and

2016:

	Fiscal			Fiscal
	Year Ended			Year Ended
(In thousands)	June 30,			June 30,
	2017			2016
Balance at beginning of the period	$	39		$	379
Accrual of expense		523			469
Payments		(313	)		(742	)
Adjustments		(14	)		(67	)
Balance at end of the period	$	235		$	39