Note 7 - Warranty Reserves

9 Months Ended

Mar. 31, 2025

Product Warranty Disclosure [Text Block]

7) Warranty Reserves

The expected cost associated with warranty obligations on our products is recorded as a component of cost of sales when the revenue is recognized. The Company’s estimate of warranty cost is based on contract terms and historical warranty loss experience that is periodically adjusted for recent actual experience. Since warranty estimates are forecasts based on the best available information, claims costs may differ from amounts provided. Adjustments to initial obligations for warranties are made as changes in the obligations become reasonable to estimate.

The change in warranty reserves from continuing operations, which are recorded as a component of accrued liabilities were as follows (in thousands):

	*March 31, 2025*			*June 30, 2024*
Balance at beginning of year	$	2,209		$	2,094
Acquisitions and other charges		222			92
Warranty expense		760			2,230
Warranty claims		(552	)		(2,207	)
Balance at end of period	$	2,639		$	2,209