XML 38 R25.htm IDEA: XBRL DOCUMENT v3.6.0.2
Note 19 - Subsequent Event
6 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Subsequent Events [Text Block]
19)
     Subsequent Event
 
On
February
2,
2017,
the Company announced that it has entered into a definitive agreement with Japan-based Oki Electric Industry Co. Ltd. to acquire its wholly owned subsidiary, Oki Sensor Device Corporation (“Oki Sensor Device”). Oki Sensor Device is the world’s leading designer and supplier of magnetic reed switches. Oki Sensor Device recorded revenue of approximately
¥6.8
billion (approximately
$56
million) for its most recently concluded fiscal year ended
March
31,
2016
with approximately
$12.9
million of this revenue comprised of sales to Standex Electronics. The acquisition is anticipated to close on or about
March
31,
2017,
subject to required regulatory approvals.