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Note 21 - Subsequent Event | 12 Months Ended
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Jun. 30, 2016
Notes to Financial Statements |
Subsequent Events [Text Block] | 22. SUBSEQUENT EVENT Subsequent to our fiscal 2016 year-end, the Company sold its U.S. Roll Plate and Machinery business as it was not strategic and did not meet our growth and return expectations. This divestiture also allows the Company’s management to focus on higher growth and better return businesses within the Engraving segment. The Company entered into an agreement for this sale in June 2016 that closed in fiscal July 2017. During the fourth quarter, the Company recorded a $7.3 million non-cash loss to adjust the net assets of the business to their net realizable value of $2.4 million, which is recorded as an asset held for sale on the Consolidated Balance Sheets. The expense is recorded as a component of Other Operating Income (Expense), net. The sale of the business does not constitute a significant strategic shift that will have a major effect on the entity’s operations and financial results.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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