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Note 14 - Severance Costs | 12 Months Ended
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Jun. 30, 2019
Notes to Financial Statements |
Compensation and Employee Benefit Plans [Text Block] | NOTE 14 – SEVERANCE COSTS The Company recorded severance charges of $560,000 and $1,900,000 in fiscal 2019 and 2018, respectively. This severance expense was related to reductions in staffing not related to plant restructuring. See further discussion of restructuring expenses in Note 15. The activity in the Company’s accrued severance liability was as follows for the twelve months ended June 30, 2019 and 2018:
|  | Fiscal |  |  | Fiscal |
|  | Year Ended |  |  | Year Ended |
(In thousands) |  | June 30, |  |  | June 30, |
|  | 201 9 |  |  | 2018 |
Balance at beginning of the period |  | $ | 1,772 |  |  | $ | 235 |
Accrual of expense |  |  | 560 |  |  |  | 1,900 |
Payments |  |  | (1,198 | ) |  |  | (363 | )
Adjustments |  |  | — |  |  |  | — |
Balance at end of the period |  | $ | 1,134 |  |  | $ | 1,772 |
Of the total $1,134,000 severance reserve reported as of June 30, 2019, $591,000 has been classified as a current liability and will be paid out over the next twelve months. The remaining $543,000 has been classified as a long-term liability.

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 712 -URI http://asc.fasb.org/topic&trid=2197446 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -URI http://asc.fasb.org/topic&trid=2127225 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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