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Note 3 - Acquisition of EMI Industries, LLC (Tables) | 3 Months Ended
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Sep. 30, 2024
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
(In thousands) |  | April 18, 2024 as initially reported |  |  | Adjustments |  |  | April 18, 2024 as adjusted |
Accounts Receivable |  | $ | 11,386 |  |  | $ | - |  |  | $ | 11,386 |
Inventory |  |  | 12,246 |  |  |  | - |  |  |  | 12,246 |
Property, Plant and Equipment |  |  | 7,719 |  |  |  | - |  |  |  | 7,719 |
Operating Lease Right-Of-Use Assets |  |  | 8,734 |  |  |  | - |  |  |  | 8,734 |
Other Assets |  |  | 1,176 |  |  |  | - |  |  |  | 1,176 |
Intangible Assets |  |  | 15,670 |  |  |  | - |  |  |  | 15,670 |
Accounts Payable |  |  | (7,103 | ) |  |  | - |  |  |  | (7,103 | )
Accrued Expenses |  |  | (6,308 | ) |  |  | - |  |  |  | (6,308 | )
Operating Lease Liabilities |  |  | (5,987 | ) |  |  | - |  |  |  | (5,987 | )
Identifiable Assets |  |  | 37,533 |  |  |  | - |  |  |  | 37,533 |
Goodwill |  |  | 12,367 |  |  |  | 59 |  |  |  | 12,426 |
Net Purchase Consideration |  | $ | 49,900 |  |  | $ | 59 |  |  | $ | 49,959 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] |
(in thousands) |  | Estimated Fair Value |  |  | Estimated Useful Life (Years) |
Tradename |  | $ | 4,880 |  |  | Indefinite life |
Technology assets |  |  | 3,160 |  |  |  | 7 |
Non-compete |  |  | 140 |  |  |  | 5 |
Customer relationships |  |  | 7,490 |  |  |  | 20 |
|  | $ | 15,670 |  |  |  |  |
Business Acquisition, Pro Forma Information [Table Text Block] |
(in thousands; unaudited) |  | Twelve Month Ended June 30 |
|  | 2024 |  |  | 2023 |
Sales |  | $ | 535,849 |  |  | $ | 578,169 |
Gross Profit |  | $ | 141,788 |  |  | $ | 147,967 |
Operating Income |  | $ | 36,303 |  |  | $ | 38,798 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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