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Note M - Subsequent Events
9 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Subsequent Events [Text Block]

M. Subsequent Events

 

On April 11, 2025, we purchased three forward contracts designated and effective as cash flow hedges to protect against the foreign currency exchange risk inherent in a portion of our forecasted sales transactions denominated in Euros. The three contracts expire quarterly beginning December 2025 and ending April 2026. The forward contracts have a notional amount of EUR 8.1 million and a weighted average forward rate of 1.1514.

 

On April 29, 2025, we purchased three forward contracts designated and effective as cash flow hedges to protect against the foreign currency exchange risk inherent in a portion of our forecasted sales transactions denominated in Swiss Francs. The three contracts expire quarterly beginning December 2025 and ending April 2026. The forward contracts have a notional amount of CHF 4.3 million and a weighted average forward rate of 1.2458.

 

On May 14, 2025, we executed a Fifth Amendment to our credit facility with Wells Fargo that extends the maturity date of our credit facility from May 23, 2025 to June 23, 2025. The extension of the maturity date of our credit facility will allow us to finalize negotiations of an amended credit agreement while minimizing the risk of the credit facility expiring before the new agreement can be executed.