Note 6 - Inventories

12 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Inventory Disclosure [Text Block]

6.  INVENTORIES

Inventories consist of the following (in thousands):

	June 30, 2016			June 30, 2015
Raw materials and supplies	$	29,209		$	32,784
Goods in process and finished parts		16,459			18,569
Finished goods		39,449			39,689
		85,117			91,042
LIFO reserve		(28,796	)		(28,039	)
	$	56,321		$	63,003

LIFO inventories were $10.5 million and $14.6 million at June 30, 2016 and June 30, 2015, respectively, such amounts being approximately $28.8 million and $28.0 million, respectively, less than if determined on a FIFO basis.  The use of LIFO compared to FIFO on an annual basis resulted in a $0.8 million increase in cost of goods sold in fiscal 2016

compared to an increase in cost of goods sold of $0.7 million in fiscal 2015.