Discontinued Operation

12 Months Ended

Jun. 30, 2014

Discontinued Operation

Note 3. Discontinued Operation

During December 2013, the Company completed the discontinuance of its tellurium product line by exiting all business activities associated with this product.  This product line was previously serviced by PRM and was included as part of the Military & Materials segment.   Prior periods have been restated to present this product line on a discontinued operation basis.   The revenues and earnings (losses) of the tellurium product line have been reflected as a discontinued operation for the periods presented as follows ($000):

June 30,	2014		2013			2012
($000)
Revenues	$	1,849	$	7,321		$	18,227
Earnings (loss) from discontinued operation before income taxes		133		(6,789	)		(9,583	)
Income tax benefit		-		-			140
Earnings (loss) from discontinued operation net income taxes	$	133	$	(6,789	)	$	(9,443	)