Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Inventories

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Note 5 - Inventories
 6 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Inventory Disclosure [Text Block]
(
5
)
Inventories
 
Inventories are stated at the lower of cost (on
first
-in, 
first
-out basis) or net realizable value. Cost is determined based solely on those charges incurred in the acquisition and production of the related inventory.
 
Inventories at
December 31, 2019
and
June 30, 2019
are summarized as follows (in thousands):
 
   
December 31,
    
June 30,
  
   
2019
    
2019
  
Finished goods
   $
107,105
     $
128,047
  
Work in process
    
8,975
      
9,185
  
Raw materials
    
24,395
      
26,661
  
Inventory reserves
    
(1,478
 )    
(1,504
 )
Inventories, net
   $
138,997
     $
162,389