Note 15 - Commitments and Contingencies
|9 Months Ended
Mar. 31, 2020
|Notes to Financial Statements
|Commitments and Contingencies Disclosure [Text Block]
15) Commitments and Contingencies
We accrue non-income tax liabilities for contingencies when management believes that a loss is probable, and the amounts can be reasonably estimated, while contingent gains are recognized only when realized. We are routinely party to various legal proceedings, claims and litigation that have arisen in the ordinary course of business, including employment matters, commercial and intellectual property disputes and environmental items. For more information on how we determine whether to accrue for potential losses resulting from litigation, see Note
20to our consolidated financial statements included in our
2019Annual Report on Form
10-K. Environmental items typically involve investigations and proceedings concerning air emissions, hazardous waste discharges, and/or management of solid and hazardous wastes. Under applicable environmental laws and regulations, we and/or our subsidiaries are, or
maybe, required to remove or mitigate the effects on the environment due to the disposal or release of certain hazardous materials. We believe that our facilities are in material compliance with all such applicable laws and regulations.
The outcome of any matters pending against us is subject to future resolution, including the uncertainties of litigation. Based on information available at
March 31, 2020,management believes that the ultimate outcome of these unresolved matters against the Company, individually or in the aggregate, will
nothave a material adverse effect on our consolidated financial position, results of operations or cash flows.