Note 14 - Severance Costs

12 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Compensation and Employee Benefit Plans [Text Block]

NOTE 14 – SEVERANCE COSTS

The Company recorded severance charges of less than $0.1 million in fiscal 2023 and 2022, respectively. This severance expense was related to reductions in staffing not related to plant restructuring.

The activity in the Company’s accrued severance liability was as follows for the twelve months ended June 30, 2023, and 2022:

	June 30,			June 30,
(In thousands)	2023			2022
Balance at beginning of period	$	-		$	13
Accrual of expense		83			13
Payments		(78	)		(26	)
Balance at end of period	$	5		$	-