Note 2 - Interim Basis of Presentation |
3 Months Ended | ||
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Sep. 30, 2019 | |||
Notes to Financial Statements | |||
Business Description and Basis of Presentation [Text Block] |
Use of Estimates . not limited to, revenue recognition, inventory obsolescence, useful lives for property, plant and equipment, goodwill and indefinite-lived intangible asset impairment analyses, business insurance retention reserves, tax valuation allowances, the evaluation of uncertain tax positions and other loss reserves.Principles of Consolidation. two reportable segments: Wholesale and Retail. These two segments represent strategic business areas of our vertically integrated enterprise that operate separately and provide their own distinctive services. The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany activity and balances have been eliminated from the consolidated financial statements. In our opinion, all adjustments, consisting only of normal recurring adjustments necessary for fair presentation, have been included in the consolidated financial statements. The results of operations for the three months ended September 30, 2019 are not necessarily indicative of results that may be expected for the entire fiscal year. The interim consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our fiscal 2019 Annual Report on Form 10 -K (the “2019 Annual Report on Form 10 -K”).Reclassifications. not have any impact on previously reported results.The Company has evaluated subsequent events through the date that the financial statements were issued.
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