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Note 14 - Restructuring Costs | 3 Months Ended
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Sep. 30, 2020
Notes to Financial Statements |
Restructuring and Related Activities Disclosure [Text Block] | NOTE 1 4 – RESTRUCTURING COSTS In the first quarter of fiscal 2020, the Company sold its New Windsor, New York facility. The net proceeds from the sale were $12.3 million resulting in a gain of $4.8 million. The Company also incurred additional restructuring costs totaling $0.2 million in the first quarter of fiscal 2020 related to the closure of the New Windsor facility, which impacted both the Lighting and Graphics segment. The following table presents information about restructuring costs for the periods indicated:
|  | Three Months Ended |
|  | September 30 |
(In thousands) |  | 2020 |  |  | 2019 |
Exit costs |  | $ | 3 |  |  | $ | 184 |
Impairment of fixed assets and accelerated depreciation |  |  | - |  |  |  | 49 |
Gain on sale of facility |  |  | - |  |  |  | (4,821 | )
Total |  | $ | 3 |  |  | $ | (4,588 | )
The following table presents a roll forward of the beginning and ending liability balances related to the restructuring costs:
|  | Balance as of |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Balance as of |
|  | June 30, |  |  | Restructuring |  |  |  |  |  |  |  |  |  |  | September 30, |
(In thousands) |  | 2020 |  |  | Expense |  |  | Payments |  |  | Adjustments |  |  | 2020 |
Severance and termination benefits |  | $ | 27 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 27 |
Other restructuring costs |  |  | - |  |  |  | 3 |  |  |  | (3 | ) |  |  | - |  |  | $ | - |
Total |  | $ | 27 |  |  | $ | 3 |  |  | $ | (3 | ) |  | $ | - |  |  | $ | 27 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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