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Note 19 - Disposal of a Business
12 Months Ended
Jun. 30, 2018
Sale of U.S. Roll Plate and Machinery [Member]  
Notes to Financial Statements  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
1
9
.
DISPOSAL OF A BUSINESS
 
During the
first
quarter of fiscal year
2017,
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.
 
During the
fourth
quarter of fiscal year
2016,
the Company recorded a
$7.3
million non-cash loss to adjust the net assets of the business to their net realizable value. The expense is recorded as a component of Other Operating Income, 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.