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Note 18 - Quarterly Financial Data (Unaudited)
 12 Months Ended
Jun. 30, 2016
Notes to Financial Statements  
Quarterly Financial Information [Text Block]
18. QUARTERLY FINANCIAL DATA (unaudited)
 
(in thousands except per share data)
 
Quarter Ended
 
Net
Sales
 
 
Gross
Margin
 
 
Earnings
Before
Income
Taxes
 
 
Net
Earnings /
(Loss)
 
 
Basic and
Diluted Earnings
/ (Loss)
Per Share
 
September 2014
   $ 60,172     $ 19,143     $ 1,741     $ 923     $ 0.13  
December 2014
     63,821       22,164       4,323       2,447       0.35  
March 2015
     56,116       18,694       3,508       2,437       0.35  
June 2015
     61,441       16,694       370       (563
)
     (0.08
)
    $ 241,550     $ 76,695     $ 9,942     $ 5,244     $ 0.75  
September 2015
   $ 51,038     $ 15,852     $ 482     $ (178
)
   $ (0.03
)
December 2015
     53,671       15,999       992       458       0.07  
March 2016
     50,329       14,733       1,199       597       0.09  
June 2016
     54,647       404       (23,048
)
     (15,007
)
     (2.14
)
    $ 209,685     $ 46,988     $ (20,375
)
   $ (14,130
)
   $ (2.01
)
 
Fourth quarter sales in fiscal 2016 were $6.8 million lower than in the fourth quarter of fiscal 2015. Unfavorable exchange rates represented $2.6 million of the difference. In addition, precision hand tool and saw sales declined $4.4 million in the fourth quarter of fiscal 2016 compared to fiscal 2015. Gross margins declined $16.3 million with a non-cash pension charge of $14.2 million representing approximately 90% of the decline. Lower sales of precision hand tool and saw sales accounted for the majority of the additional $2.1 million decline.