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Note 19 - Related Parties
 9 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

19)      Transactions with Related Parties of Amran/Narayan Group



The Amran/Narayan Group, acquired in the second quarter of fiscal year 2025, has certain transactions with parties affiliated with current and former shareholders of the Amran/Narayan Group, including the current President of the Amran/Narayan Group entities in India.  The transactions with these parties continue and are summarized as follows:

 

Names of Related PartiesRelationship with the Amran/Narayan Group
Narayan Epoxy Components Private LimitedEntity controlled by minority shareholders of Narayan
Gujarat Plug In Devices Private LimitedNarayan minority shareholders have significant ownership interest
Narayanshree Infrastructure LLPPartners are former and current minority shareholders of Narayan
Narayan Minority ShareholdersLessors of certain real property

  
At March 31, 2025, $0.1 million is due from and $0.8 million is due to the above related parties which amounts are included in accounts receivable and accounts payable, respectively, in the consolidated balance sheets. During the nine months ended  March 31, 2025, payments for inventory purchases and rental payments were $2.0 million and $0.2 million, respectively.

 

Several of the Amran/Narayan Group leases in India are with Narayanshree Infrastructure LLP and directly with Narayan minority shareholders. Undiscounted cash flows expected to be paid for operating leases with related parties are as follows as of  March 31, 2025:
 

Fiscal Year

 

Amount

 

Remainder of 2025

 $97 

2026

  397 

2027

  410 

2028

  430 

2029

  167 

Thereafter

  11