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Note 20 - Insurance Proceeds | 12 Months Ended
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Jun. 30, 2014
Extraordinary and Unusual Items [Abstract] |
Business Insurance Recoveries [Text Block] | 20. INSURANCE PROCEEDS During 2014, the Company recorded $3.5 million net gain, as a component of other operating income net, from insurance proceeds we received related to a catastrophic failure of a large vertical machining center located at our Engineering Technologies facility in Massachusetts. Insurance proceeds of $4.5 million were partially offset by the write-off of the net book value of the machine of $1.0 million. We have acquired a replacement machine for approximately $2.9 million and anticipate being operational in the first half of the first quarter of 2015. During 2014, the Company recorded $3.4 million gain, as a component of other net, from proceeds for a life insurance policy triggered by the death of a former executive. This life insurance policy relates to an inactive program for key executives. There are six retired executives remaining in this program and current management is ineligible to participate.

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- Definition The entire disclosure for business interruption insurance recoveries. Includes, but is not limited to, the nature of the event resulting in business interruption losses, the aggregate amount of business interruption insurance recoveries recognized, and the line item in the statement of operations in which those recoveries are classified (including amounts reported as an extraordinary item). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6365675&loc=d3e16285-107787 + Details
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