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Note B - Acquisition of Veth Propulsion Holding BV - Summary of Preliminary Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) | Jun. 30, 2019 | Jul. 02, 2018 | Jun. 30, 2018 | Jun. 30, 2017
--- | --- | --- | --- | ---
Goodwill (b) |  | $ 25,954,000 |  | $ 2,692,000 | $ 2,585,000
Veth Propulsion [Member] |  |  |  |  |
Cash, including restricted cash |  |  | $ 1,078,000 |  |
Accounts receivable and other current assets |  |  | 10,437,000 |  |
Inventories |  |  | 26,862,000 |  |
Property, plant and equipment |  |  | 2,661,000 |  |
Intangibles (a) | [1] |  | 26,500,000 |  |
Accounts payable and accrued liabilities |  |  | (21,208,000) |  |
Deferred tax liability |  |  | (8,001,000) |  |
Total net assets acquired |  |  | 38,329,000 |  |
Goodwill (b) | [2] |  | 23,999,000 |  |
Total consideration |  |  | $ 62,328,000 |  |
[1] | Intangibles consist of customer relationships, technology and know-how and tradenames, with estimated useful lives 12 years, 7 years, and 10 years, respectively, and weighted average remaining useful life of approximately 9 years. The amounts acquired are presented in Note F, Goodwill and Other Intangibles.
[2] | The Company is not able to deduct any of the goodwill for tax purposes.

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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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- Definition Amount of deferred tax liability attributable to taxable temporary differences assumed at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e31917-109318 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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