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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.