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Note 14 - Contingencies
6 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
(
14
) Contingencies
 
Insurance recoveries.
During
August
and
September
of
2017,
operations at our
four
manufacturing facilities located in Texas and Florida were adversely affected by hurricanes Harvey and Irma. We are in the process of submitting the insurance claims relating to the business interruption and property damage resulting from the storms.
 
The Company maintained general liability, business interruption and replacement cost property insurance coverage on its facilities that was sufficient to cover the losses incurred from the storms. During the
three
- and
six
-month periods ended
March 31, 2018,
the Company received
$439,000
of insurance proceeds related to the expenses that were incurred and business interruption losses resulting from the storms. During the
six
-month period ended
March 31, 2018,
the insurance proceeds were recorded in cost of sales (
$418,000
) and selling, general and administrative expense (
$21,000
) on the consolidated statement of operations and comprehensive income, and in cash flows from operating activities on the consolidated statement of cash flows.
 
Legal proceedings
.
We are involved in lawsuits, claims, investigations and proceedings, including commercial, environmental and employment matters, which arise in the ordinary course of business. We do
not
expect the ultimate cost to resolve these matters will have a material adverse effect on our financial position, results of operations or cash flows.