LSI Industries (LYTS) 10-Q 3 Feb 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2016	Jan. 27, 2017
Document Information [Line Items]
Entity Registrant Name	LSI INDUSTRIES INC
Entity Central Index Key	763,532
Trading Symbol	lyts
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		25,056,164
Document Type	10-Q
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Net sales		$ 85,658	$ 84,687	$ 169,817	$ 170,612
Cost of products and services sold		63,611	60,761	126,432	123,337
Restructuring costs		640		1,143
Gross profit		21,407	23,926	42,242	47,275
Restructuring costs		57		210
Selling and administrative expenses		18,532	18,546	38,148	36,132
Operating income		2,818	5,380	3,884	11,143
Interest (income)		(28)	(17)	(55)	(25)
Interest expense		8	9	21	17
Income before income taxes		2,838	5,388	3,918	11,151
Income tax expense		832	1,606	1,083	3,619
Net income		$ 2,006	$ 3,782	$ 2,835	$ 7,532
Earnings per common share (see Note 4)
Basic (in dollars per share)		$ 0.08	$ 0.15	$ 0.11	$ 0.30
Basic earnings per share (in dollars per share)		$ 0.08	$ 0.15	$ 0.11	$ 0.30
Weighted average common shares outstanding
Basic (in shares)		25,314	24,911	25,294	24,838
Diluted (in shares)	[1]	25,803	25,624	25,859	25,405
[1]	Options to purchase 1,682,270 common shares and 1,115,250 common shares at December 31, 2016 and 2015, respectively, and options to purchase 1,626,770 common shares and 1,506,800 common shares at December 31, 2016 and 2015, respectively were not included in the computation of the three month and six month period for diluted earnings per share, respectively, because the exercise price was greater than the average fair market value of the common shares.

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
ASSETS
Cash and cash equivalents	$ 33,023	$ 33,835
Accounts receivable, less allowance for doubtful accounts of $381 and $226, respectively	49,541	46,975
Inventories	42,404	44,141
Assets held for sale	3,176
Other current assets	2,996	2,792
Total current assets	131,140	127,743
Property, Plant and Equipment, at cost
Land	6,422	6,978
Buildings	34,654	39,317
Machinery and equipment	78,908	82,628
Construction in progress	1,697	838
	121,681	129,761
Less accumulated depreciation	(78,255)	(82,299)
Net property, plant and equipment	43,426	47,462
Goodwill	10,508	10,508
Other Intangible Assets, net	5,378	5,586
Other Long-Term Assets, net	5,384	4,261
Total assets	195,836	195,560
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts payable	13,917	13,892
Accrued expenses	22,980	25,341
Total current liabilities	36,897	39,233
Other Long-Term Liabilities	1,119	807
Commitments and Contingencies (Note 12)
Shareholders’ Equity
Preferred shares, without par value; Authorized 1,000,000 shares, none issued	0	0
Common shares, without par value; Authorized 40,000,000 shares; Outstanding 25,021,703 and 24,982,219 shares, respectively	115,631	113,653
Retained earnings	42,189	41,867
Total shareholders’ equity	157,820	155,520
Total liabilities & shareholders’ equity	$ 195,836	$ 195,560

Condensed Consolidated Balance4

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Preferred shares, no par value (in dollars per share)	$ 0	$ 0
Preferred shares, authorized (in shares)	1,000,000	1,000,000
Preferred shares, issued (in shares)	0	0
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares outstanding (in shares)	25,021,703	24,982,219
Allowance for doubtful accounts	$ 381	$ 226

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash Flows from Operating Activities
Net income	$ 2,835,000	$ 7,532,000
Non-cash items included in net income
Depreciation and amortization	3,605,000	3,174,000
Deferred income taxes	(962,000)	(448,000)
Deferred compensation plan	237,000	310,000
Stock compensation expense	1,688,000	2,150,000
Issuance of common shares as compensation	228,000	113,000
Loss on disposition of fixed assets	53,000	1,000
Fixed asset impairment and accelerated depreciation	354,000
Allowance for doubtful accounts	205,000	131,000
Inventory obsolescence reserve	758,000	699,000
Changes in certain assets and liabilities:
Accounts receivable	(2,771,000)	387,000
Inventories	979,000	(3,480,000)
Refundable income taxes		(475,000)
Accounts payable	(176,000)	(5,962,000)
Accrued expenses and other	(2,630,000)	920,000
Customer prepayments	216,000	438,000
Net cash flows provided by operating activities	4,619,000	5,490,000
Cash Flows from Investing Activities
Purchases of property, plant and equipment	(2,744,000)	(3,384,000)
Proceeds from sale of fixed assets	1,000	4,000
Net cash flows (used in) investing activities	(2,743,000)	(3,380,000)
Cash Flows from Financing Activities
Cash dividends paid	(2,513,000)	(1,721,000)
Exercise of stock options	171,000	2,195,000
Purchase of treasury shares	(390,000)	(277,000)
Issuance of treasury shares	44,000	47,000
Net cash flows provided by (used in) financing activities	(2,688,000)	244,000
Increase (decrease) in cash and cash equivalents	(812,000)	2,354,000
Cash and cash equivalents at beginning of period	33,835,000	26,409,000
Cash and cash equivalents at end of period	$ 33,023,000	$ 28,763,000

Note 1 - Interim Condensed Cons

Note 1 - Interim Condensed Consolidated Financial Statements	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Condensed Financial Statements [Text Block]	NOTE 1 The interim condensed consolidated financial statements are unaudited and are prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information, and rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the interim financial statements include all normal adjustments and disclosures necessary to present fairly the Company’s financial position as of December 31, 2016, three six December 31, 2016 2015, six December 31, 2016 2015. 2016 10 June 30, 2016

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 2 Consolidation: The consolidated financial statements include the accounts of LSI Industries Inc. (an Ohio corporation) and its subsidiaries (collectively, the “Company”), all of which are wholly owned. All intercompany transactions and balances have been eliminated in consolidation. Revenue Recognition: Revenue is recognized when title to goods and risk of loss have passed to the customer, there is persuasive evidence of a purchase arrangement, delivery has occurred or services have been rendered, and collectability is reasonably assured. Sales are recorded net of estimated returns, rebates and discounts. Amounts received from customers prior to the recognition of revenue are accounted for as customer pre-payments and are included in accrued expenses. The Company has five Product revenue is recognized on product-only orders upon passing of title and risk of loss, generally at time of shipment. In certain arrangements with customers, as is the case with the sale of some of our solid-state LED (light emitting diode) video screens, revenue is recognized upon customer acceptance of the video screen at the job site. Product revenue related to orders where the customer requires the Company to install the product is recognized when the product is installed. The Company provides product warranties and certain post-shipment service, support and maintenance of certain solid state LED video screens. Installation revenue is recognized when the products have been fully installed. The Company is not always responsible for installation of products it sells and has no post-installation responsibilities, other than normal warranties. Service revenue from integrated design, project and construction management, and site permitting is recognized when all products at a customer site have been installed. Revenue from the management of media content and digital hardware related to active digital signage is recognized evenly over the service period with the customer. Media content service periods with most customers range from one one Shipping and handling revenue coincides with the recognition of revenue from sale of the product. In situations where the Company is responsible for re-imaging programs with multiple sites, each site is viewed as a separate unit of accounting and has stand-alone value to the customer. Revenue is recognized upon the Company’s complete performance at the location, which may The Company also evaluates the appropriateness of revenue recognition in accordance with the accounting standards on software revenue recognition. Our solid-state LED video screens and active digital signage contain software elements which the Company has determined are incidental. Credit and Collections: The Company maintains allowances for doubtful accounts receivable for probable estimated losses resulting from either customer disputes or the inability of its customers to make required payments. If the financial condition of the Company’s customers were to deteriorate, resulting in their inability to make the required payments, the Company may first The following table presents the Company’s net accounts receivable at the dates indicated. (In thousands) December 31, June 30, 2016 2016 Accounts receivable $ 49,922 $ 47,201 Less: Allowance for doubtful accounts (381 ) (226 ) Accounts receivable, net $ 49,541 $ 46,975 Cash and Cash Equivalents: The cash balance includes cash and cash equivalents which have original maturities of less than three $250,000. As of December 31, 2016 June 30, 2016, $35,995,000 $37,883,000, Inventories and Inventory Reserves: Inventories are stated at the lower of cost or market. Cost of inventories includes the cost of purchased raw materials and components, direct labor, as well as manufacturing overhead which is generally applied to inventory based on direct labor and on material content. Cost is determined on the first first The Company maintains an inventory reserve for obsolete and excess inventory. The Company first Property, Plant and Equipment and Related Depreciation: Property, plant and equipment are stated at cost. Major additions and betterments are capitalized while maintenance and repairs are expensed. For financial reporting purposes, depreciation is computed on the straight-line method over the estimated useful lives of the assets as follows: Buildings (in years) 28 - 40 Machinery and equipment 3 - 10 Computer software 3 - 8 Costs related to the purchase, internal development, and implementation of the Company’s fully integrated enterprise resource planning/business operating software system are either capitalized or expensed. Leasehold improvements are depreciated over the shorter of fifteen The Company recorded $1,669,000 $1,471,000 second 2017 2016, $3,397,000 $2,921,000 first 2017 2016, The Company is in the process of selling the facilities and certain machinery and equipment in Kansas City, Kansas and in Woonsocket, Rhode Island. Both of the facilities are expected to be sold at a gain. The facilities and machinery and equipment have been separately disclosed on the balance sheet as assets held for sale as of December 31, 2016. $1,713,000 $1,463,000 December 31, 2016. 14 Goodwill and Intangible Assets: Intangible assets consisting of customer relationships, trade names and trademarks, patents, technology and software, and non-compete agreements are recorded on the Company's balance sheet. The definite-lived intangible assets are being amortized to expense over periods ranging between seven twenty 7. Fair Value: The Company has financial instruments consisting primarily of cash and cash equivalents, revolving lines of credit, accounts receivable, accounts payable, and on occasion, long-term debt. The fair value of these financial instruments approximates carrying value because of their short-term maturity and/or variable, market-driven interest rates. The Company has no financial instruments with off-balance sheet risk. Fair value measurements of nonfinancial assets and nonfinancial liabilities are primarily used in goodwill and other intangible asset impairment analyses, long-lived asset impairment analyses, in the purchase price of acquired companies (if any), and in the valuation of the contingent earn-out. The accounting guidance on fair value measurement was used to measure the fair value of these nonfinancial assets and nonfinancial liabilities. Product Warranties: The Company offers a limited warranty that its products are free from defects in workmanship and materials. The specific terms and conditions vary somewhat by product line, but generally cover defective products returned within one five 10 Changes in the Company’s warranty liabilities, which are included in accrued expenses in the accompanying consolidated balance sheets, during the periods indicated below were as follows: Six Six Fiscal Months Ended Months Ended Year Ended (In thousands) December 31, December 31, June 30, 2016 2015 2016 Balance at beginning of the period $ 5,069 $ 3,408 $ 3,408 Additions charged to expense 2,243 2,259 5,069 Deductions for repairs and Replacements (1,351 ) (1,357 ) (3,408 ) Balance at end of the period $ 5,961 $ 4,310 $ 5,069 Research and Development Costs: Research and development costs are directly attributable to new product development, including the development of new technology for both existing and new products, and consist of salaries, payroll taxes, employee benefits, materials, outside legal costs and filing fees related to obtaining patents, supplies, depreciation and other administrative costs. The Company expenses as research and development all costs associated with development of software used in solid-state LED products. All costs are expensed as incurred and are included in selling and administrative expenses. Research and development costs related to both product and software development totaled $1,269,000 $1,320,000 three December 31, 2016 2015, $2,670,000 $2,631,000 six December 31, 2016 2015, Cost of Products and Services Sold: Cost of products sold is primarily comprised of direct materials and supplies consumed in the manufacture of products, as well as manufacturing labor, depreciation expense and direct overhead expense necessary to acquire and convert the purchased materials and supplies into finished product. Cost of products sold also includes the cost to distribute products to customers, inbound freight costs, internal transfer costs, warehousing costs and other shipping and handling activity. Cost of services sold is primarily comprised of the internal and external labor costs required to support the Company’s service revenue along with the management of media content. Earnings Per Common Share: The computation of basic earnings per common share is based on the weighted average common shares outstanding for the period net of treasury shares held in the Company’s nonqualified deferred compensation plan. The computation of diluted earnings per share is based on the weighted average common shares outstanding for the period and includes common share equivalents. Common share equivalents include the dilutive effect of stock options, restricted stock units, contingently issuable shares and common shares to be issued under a deferred compensation plan, all of which totaled 787,000 987,000 three December 31, 2016 2015, 852,000 836,000 six December 31, 2016 2015, 4. Income Taxes: The Company accounts for income taxes in accordance with the accounting standards for income taxes. Accordingly, deferred income taxes are provided on items that are reported as either income or expense in different time periods for financial reporting purposes than they are for income tax purposes. Deferred income tax assets are reported on the Company’s balance sheet. Significant management judgment is required in developing the Company’s income tax provision, including the estimation of taxable income and the effective income tax rates in the multiple taxing jurisdictions in which the Company operates, the estimation of the liability for uncertain income tax positions, the determination of deferred tax assets and liabilities, and any valuation allowances that might be required against deferred tax assets. New Accounting Pronouncements: In June 2014, 2014 09, April 2016, 2016 10, May 2016, 2016 12, December 2016, 2016 20, 606, three 2014 09 December 15, 2017, 2019. July 1, 2018. may In November 2015, 2015 17, April 1, 2017. may June 30, 2016. Comprehensive Income: The Company does not have any comprehensive income items other than net income. Subsequent Events: The Company has evaluated subsequent events for potential recognition and disclosure through the date the consolidated financial statements were filed. No items were identified during this evaluation that required adjustment to or disclosure in the accompanying consolidated financial statements. Reclassifications: Certain prior year balance sheet amounts have been reclassified to conform to new accounting guidance on balance sheet classification of deferred taxes. These reclassifications have no impact on net income, earnings per share, or operating cash flows. Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.

Note 3 - Segment Reporting Info

Note 3 - Segment Reporting Information	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 3 SEGMENT REPORTING INFORMATION The accounting guidance on Segment Reporting establishes standards for reporting information regarding operating segments in annual financial statements and requires selected information of those segments to be presented in financial statements. Operating segments are identified as components of an enterprise for which separate discrete financial information is available for evaluation by the chief operating decision maker (the Company’s Chief Executive Officer or “CODM”) in making decisions on how to allocate resources and assess performance. The Company’s three The Lighting Segment includes outdoor and indoor lighting utilizing both traditional and LED light sources that have been fabricated and assembled for the commercial, industrial market, the petroleum / convenience store market, the automotive dealership market, the quick service restaurant market, along with other markets the Company serves. The Graphics Segment designs, manufactures and installs exterior and interior visual image elements such as traditional graphics, active digital signage along with the management of media content related to digital signage, LED video screens, and menu board systems that are either digital or traditional by design. These products are used in visual image programs in several markets, including the petroleum / convenience store market, multi-site retail operations, banking, and restaurants. The Graphics Segment implements, installs and provides program management services related to products sold by the Graphics Segment and by the Lighting Segment. LED video screens that were previously reported in the Technology Segment in prior years’ results have been reclassified to the Graphics Segment. The movement of the LED video screen product line was the result of a change in management responsibility of this product line to the Graphics Segment president during the first 2017. $76,000 second 2016, $3,000 first 2016. distribution channels and corresponding projected future cash flows that support a customer relationship intangible asset related to the LED video screen product line are adequate to support the asset. The net book value of the asset is $492,000 December 31, 2016 The Technology Segment designs, engineers, and manufactures electronic circuit boards, assemblies and sub-assemblies, and various control system products used in other applications (primarily the control of solid-state LED lighting). This operating segment sells its products directly to customers (primarily in the transportation, original equipment manufacturers, sports, and medical markets) and also has significant inter-segment sales to the Lighting Segment. The Company’s corporate administration activities are reported in the Corporate and Eliminations line item. These activities primarily include intercompany profit in inventory eliminations, expense related to certain corporate officers and support staff, the Company’s internal audit staff, expense related to the Company’s Board of Directors, stock option expense for options granted to corporate administration employees, certain consulting expenses, investor relations activities, and a portion of the Company’s legal, auditing and professional fee expenses. Corporate identifiable assets primarily consist of cash, invested cash (if any), refundable income taxes (if any), and deferred income tax assets. There was no three six December 31, 2016 three December 31, 2015. $17,045,000 10% six December 31, 2015. no December 31, 2016 June 30, 2016. Summarized financial information for the Company’s operating segments is provided for the indicated periods and as of December 31, 2016 December 31, 2015: Three Months Ended Six Months Ended ( In thousands) December 31 December 31 2016 2015 2016 2015 Net Sales: Lighting Segment $ 60,169 $ 59,601 $ 120,539 $ 118,676 Graphics Segment 20,582 21,206 39,476 43,536 Technology Segment 4,907 3,880 9,802 8,400 $ 85,658 $ 84,687 $ 169,817 $ 170,612 Operating Income (Loss): Lighting Segment $ 2,738 $ 5,182 $ 5,529 $ 10,864 Graphics Segment 1,174 1,959 2,191 4,193 Technology Segment 924 1,069 1,652 2,336 Corporate and Eliminations (2,018 ) (2,830 ) (5,488 ) (6,250 ) $ 2,818 $ 5,380 $ 3,884 $ 11,143 Capital Expenditures: Lighting Segment $ 183 $ 1,160 $ 1,267 $ 1,849 Graphics Segment 459 604 825 1,192 Technology Segment 22 108 34 141 Corporate and Eliminations 120 150 618 202 $ 784 $ 2,022 $ 2,744 $ 3,384 Depreciation and Amortization: Lighting Segment $ 791 $ 717 $ 1,638 $ 1,422 Graphics Segment 376 237 736 471 Technology Segment 324 340 669 676 Corporate and Eliminations 279 304 562 605 $ 1,770 $ 1,598 $ 3,605 $ 3,174 December 31, 2016 June 30, 2016 Identifiable Assets: Lighting Segment $ 91,010 $ 95,168 Graphics Segment 36,888 33,490 Technology Segment 28,206 28,348 Corporate and Eliminations 39,732 38,554 $ 195,836 $ 195,560 The segment net sales reported above represent sales to external customers. Segment operating income, which is used in management’s evaluation of segment performance, represents net sales less all operating expenses. Identifiable assets are those assets used by each segment in its operations. The Company records a 10% Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2016 2015 2016 2015 Lighting Segment inter-segment net sales $ 713 $ 814 $ 1,487 $ 1,428 Graphics Segment inter-segment net sales $ 680 $ 562 $ 812 $ 1,006 Technology inter-segment net sales $ 8,346 $ 8,932 $ 17,131 $ 18,316 The Company’s operations are located solely within the United States. As a result, the geographic distribution of the Company’s net sales and long-lived assets originate within the United States.

Note 4 - Earnings Per Common Sh

Note 4 - Earnings Per Common Share	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 4 The following table presents the amounts used to compute basic and diluted earnings per common share, as well as the effect of dilutive potential common shares on weighted average shares outstanding (in thousands, except per share data): Three Months Ended Six Months Ended December 31 December 31 2016 2015 2016 2015 BASIC EARNINGS PER SHARE Net income $ 2,006 $ 3,782 $ 2,835 $ 7,532 Weighted average shares outstanding during the period, net of treasury shares (a) 25,016 24,637 25,007 24,569 Weighted average vested restricted stock units outstanding 37 25 37 26 Weighted average shares outstanding in the Deferred Compensation Plan during the period 261 249 250 243 Weighted average shares outstanding 25,314 24,911 25,294 24,838 Basic earnings per share $ 0.08 $ 0.15 $ 0.11 $ 0.30 DILUTED EARNINGS PER SHARE Net income $ 2,006 $ 3,782 $ 2,835 $ 7,532 Weighted average shares outstanding Basic 25,314 24,911 25,294 24,838 Effect of dilutive securities (b): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 489 713 565 567 Weighted average shares outstanding (c) 25,803 25,624 25,859 25,405 Diluted earnings per share $ 0.08 $ 0.15 $ 0.11 $ 0.30 (a) Includes shares accounted for like treasury stock included in the Company’s non-qualified deferred compensation plan. (See Note 10.) (b) Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period. (c) Options to purchase 1,682,270 1,115,250 December 31, 2016 2015, 1,626,770 1,506,800 December 31, 2016 2015, three six

Note 5 - Inventories

Note 5 - Inventories	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 5 The following information is provided as of the dates indicated: December 31, June 30, (In thousands) 2016 2016 Inventories: Raw materials $ 27,638 $ 28,979 Work-in-process 4,108 4,418 Finished goods 10,658 10,744 Total Inventories $ 42,404 $ 44,141

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE 6 The following information is provided as of the dates indicated: December 31, June 30, (In thousands) 2016 2016 Accrued Expenses: Compensation and benefits $ 7,494 $ 11,983 Customer prepayments 1,269 1,053 Accrued sales commissions 2,695 2,792 Accrued warranty 5,961 5,069 Other accrued expenses 5,561 4,444 Total Accrued Expenses $ 22,980 $ 25,341

Note 7 - Goodwill and Other Int

Note 7 - Goodwill and Other Intangible Assets	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 7 Carrying values of goodwill and other intangible assets with indefinite lives are reviewed at least annually for possible impairment. The Company may first first may may The Company identified its reporting units in conjunction with its annual goodwill impairment testing. The Company relies upon a number of factors, judgments and estimates when conducting its impairment testing including, but not limited to operating results, forecasts, anticipated future cash flows and marketplace data. There are inherent uncertainties related to these factors and judgments in applying them to the analysis of goodwill impairment. The following table presents information about the Company's goodwill on the dates or for the periods indicated: Goodwill (In thousands) Lighting Graphics Technology Segment Segment Segment Total Balance as of June 30, 2016 Goodwill $ 34,913 $ 28,690 $ 11,621 $ 75,224 Accumulated impairment losses (34,778 ) (27,525 ) (2,413 ) (64,716 ) Goodwill, net as of June 30, 2016 $ 135 $ 1,165 $ 9,208 $ 10,508 Balance as of December 31, 2016 Goodwill $ 34,913 28,690 11,621 75,224 Accumulated impairment losses (34,778 ) (27,525 ) (2,413 ) (64,716 ) Goodwill, net as of December 31, 2016 $ 135 $ 1,165 $ 9,208 $ 10,508 The gross carrying amount and accumulated amortization by major other intangible asset class is as follows: December 31, 2016 Other Intangible Assets Gross (In thousands) Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 9,316 $ 7,727 $ 1,589 Patents 338 172 166 LED technology firmware, software 11,228 11,027 201 Trade name 460 460 -- Non-compete agreements 710 710 -- Total Amortized Intangible Assets 22,052 20,096 1,956 Indefinite-lived Intangible Assets Trademarks and trade names 3,422 -- 3,422 Total Indefinite-lived Intangible Assets 3,422 -- 3,422 Total Other Intangible Assets $ 25,474 $ 20,096 $ 5,378 June 30, 2016 Other Intangible Assets Gross Carrying Accumulated Net (In thousands) Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 9,316 $ 7,581 $ 1,735 Patents 338 154 184 LED technology firmware, software 11,228 10,989 239 Trade name 460 460 -- Non-compete agreements 710 704 6 Total Amortized Intangible Assets 22,052 19,888 2,164 Indefinite-lived Intangible Assets Trademarks and trade names 3,422 -- 3,422 Total Indefinite-lived Intangible Assets 3,422 -- 3,422 Total Other Intangible Assets $ 25,474 $ 19,888 $ 5,586 (In thousands) Amortization Expense of Other Intangible Assets December 31, 2016 December 31, 2015 Three Months Ended $ 101 $ 127 Six Months Ended $ 208 $ 253 The Company expects to record annual amortization expense as follows: (In thousands) 2017 $ 419 2018 $ 401 2019 $ 401 2020 $ 327 2021 $ 323 After 2021 $ 293

Note 8 - Revolving Line of Cred

Note 8 - Revolving Line of Credit	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 8 In March 2016, $30 third 2019. 150 190 $30 12.5 no December 31, 2016. The Company is in compliance with all of its loan covenants as of December 31, 2016 .

Note 9 - Cash Dividends

Note 9 - Cash Dividends	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 9 The Company paid cash dividends of $2,513,000 $1,721,000 six December 31, 2016 2015, $19,826 $4,690 December 31, 2016 2015, January 2017, $0.05 February 14, 2017 February 6, 2017. The indicated annual cash dividend rate is $0.20

Note 10 - Equity Compensation

Note 10 - Equity Compensation	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 10 - EQUITY COMPENSATION Stock Based Compensation The Company has an equity compensation plan that was approved by shareholders in November 2012 2012 2012 1,600,000 2.5 1 25% ninety 25% one 33.3% one ten 2,364,601 December 31, 2016. six December 31, 2016. December 31, 2016, 3,625,372 one 1,700,025 December 31, 2016, $2,622,788. 27 December 31, 2016, 118,575 $608,468. 33 Stock Options The fair value of each option on the date of grant was estimated using the Black-Scholes option pricing model. The below listed weighted average assumptions were used for grants in the periods indicated. Three Months Ended Six Months Ended December 31 December 31 2016 2015 2016 2015 Dividend yield 2.07 % 1.33 % 1.81 % 1.28 % Expected volatility 41 % 43 % 43 % 44 % Risk-free interest rate 2.06 % 1.38 % 1.00 % 1.67 % Expected life (in years) 6.0 6.0 6.0 6.0 At December 31, 2016, 834,320 first six 2017 $9.65 $11.06 $3.29 $3.83 9.5 10 At December 31, 2015, 1,016,800 first six 2016 $8.84 $11.82 $3.28 $4.48 9.5 9.9 The Company calculates stock option expense using the Black-Scholes model. Stock option expense is recorded on a straight line basis, or sooner if the grantee is retirement eligible as defined in the 2012 3.51% October 1, 2016. 2.0% 3.4% January 1, 2013 September 30, 2016. five The Company recorded a reduction of expense of $142,434 three December 31, 2016 $342,134 three December 31, 2015, three December 31, 2016 $1,296,009 $1,830,707 six December 31, 2016 2015, December 31, 2016, 3,159,692 $8.92 $4,620,655 6.7 Information related to all stock options for the six December 31, 2016 2015 Six Months Ended December 31, 2016 Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Term Intrinsic Shares Price (in years) Value Outstanding at 6/30/16 2,976,490 $ 8.97 6.6 $ 8,338,974 Granted 834,320 $ 11.05 Forfeitures (147,375 ) $ 16.03 Exercised (38,063 ) $ 7.75 Outstanding at 12/31/16 3,625,372 $ 9.18 7.1 $ 4,648,729 Exercisable at 12/31/16 1,700,025 $ 8.73 5.1 $ 3,216,899 Six Months Ended December 31, 2015 Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Term Intrinsic Shares Price (in years) Value Outstanding at 6/30/15 2,677,436 $ 8.85 6.1 $ 4,914,601 Granted 1,016,800 $ 9.38 Forfeitures (55,050 ) $ 11.65 Exercised (298,724 ) $ 7.20 Outstanding at 12/31/15 3,340,462 $ 9.11 6.8 $ 12,661,470 Exercisable at 12/31/15 1,628,976 $ 9.95 4.5 $ 6,032,985 The following table presents information related to unvested stock options: Weighted-Average Grant Date Shares Fair Value Unvested at June 30, 2016 1,663,505 $ 3.39 Granted 834,320 $ 3.83 Vested (546,978 ) $ 3.25 Forfeited (25,500 ) $ 3.50 Unvested at December 31, 2016 1,925,347 $ 3.62 The weighted average grant date fair value of options granted during the six December 31, 2016 2015 $3.83 $3.63, six December 31, 2016 2015 $99,883 $852,596, six December 31, 2016 2015 $1,779,490 $1,035,041, $295,030 $2,149,606 six December 31, 2016 2015, first six 2017 $95,443 $124,056 $22,073 $197,427 twelve first six 2016 $300,868 $46,066 $84,781 $170,021 twelve Restricted Stock Units A total of 71,700 $11.06 six December 31, 2016. 72,000 $9.39 six December 31, 2015. four $19,826 $4,690 December 31, 2016 2015, The following table presents information related to RSU’s: Weighted-Average Grant Date Shares Fair Value Unvested at June 30, 2016 62,500 $ 9.39 Awarded 71,700 $ 11.06 Shares Issued (15,625 ) $ 9.39 Unvested at December 31, 2016 118,575 $ 10.40 As of December 31, 2016, 118,575 2.5 3.5 118,575 December 31, 2016, 114,531 3.4% $89,896 $392,197 three six December 31, 2016, As of December 31, 2015, 67,000 3.5 67,000 December 31, 2015, 64,434 3.3% $33,276 $319,533 three six December 31, 2015, Director and Employee Stock Compensation Awards The Company awarded a total of 21,199 12,590 six December 31, 2016 2015, $228,000 $113,400 Deferred Compensation Plan The Company has a non-qualified deferred compensation plan providing for both Company contributions and participant deferrals of compensation. This plan is fully funded in a Rabbi Trust. All plan investments are in common shares of the Company. As of December 31, 2016, 30 263,506 $2,514,106, 228,103 $2,167,717 December 31, 2016 June 30, 2016, $390,288 $276,800 39,487 29,021 six December 31, 2016 2015, 2017, 45,000 50,000

Note 11 - Supplemental Cash Flo

Note 11 - Supplemental Cash Flow Information	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 11 (In thousands) Six Months Ended December 31 2016 2015 Cash payments: Interest $ 21 $ 23 Income taxes $ 2,381 $ 4,650 Issuance of common shares as compensation $ 228 $ 113

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 1 2 - COMMITMENTS AND CONTINGENCIES The Company is party to various negotiations, customer bankruptcies, and legal proceedings arising in the normal course of business. The Company provides reserves for these matters when a loss is probable and reasonably estimable. The Company does not disclose a range of potential loss because the likelihood of such a loss is remote. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company’s financial position, results of operations, cash flows or liquidity. The Company may third December 31, 2016, no

Note 13 - Severance Costs

Note 13 - Severance Costs	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	NOTE 1 3 – SEVERANCE COSTS The Company recorded severance expense of $173,000 $223,000 six December 31, 2016 2015, 14. The activity in the Company’s accrued severance liability is as follows for the periods indicated: Six Six Fiscal Months Ended Months Ended Year Ended (In thousands) December 31, December 31, June 30, 2016 2015 2016 Balance at beginning of the period $ 39 $ 379 $ 379 Accrual of expense 173 223 469 Payments (205 ) (314 ) (742 ) Adjustments -- (58 ) (67 ) Balance at end of the period $ 7 $ 230 $ 39

Note 14 - Restructuring Costs

Note 14 - Restructuring Costs	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	NOTE 1 4 On September 22, 2016, December 31, 2016. $900,000. , costs related to the preparation of the facility for sale, legal costs, and other related costs. In addition, there was also an inventory write-down of $400,000 first 2017. first 2017 The Company also announced the consolidation of the Beaverton, Oregon facility into other LSI facilities. The light assembly of products in the Beaverton facility was moved to the Company’s Columbus, Ohio facility, and administration and engineering functions were moved to the Company’s Cincinnati, Ohio facility. This consolidation was completed September 30, 2016. $362,000 first 2017, In November 2016, December 31, 2016. . The facility is presented on the balance sheet as an asset held for sale. Total restructuring costs related to the consolidation of the Woonsocket facility are expected to be approximately $300,000. The following table presents information about restructuring costs for the periods indicated: Three Six Months Total Expected Total Months Ended Ended to be Recognized Fiscal 2017 (In thousands) December 31, December 31, in Remainder of Restructuring 2016 2016 Fiscal 2017 Expenses Severance and other termination benefits $ 526 $ 691 $ 77 $ 768 Lease obligation -- 213 -- 213 Impairment of fixed assets and accelerated depreciation 80 353 -- 353 Other 91 96 132 228 Total $ 697 $ 1,353 $ 209 $ 1,562 Impairment and accelerated depreciation expense of $353,000 first 2017 $353,000 $322,000 $31,000 The following table presents restructuring costs incurred by line item in the consolidated statement of operations in which the costs are included: Three Months Ended Six Months Ended (In thousands) December 31 December 31 2016 2016 Cost of Goods Sold $ 640 $ 1,143 Operating Expenses 57 210 Total $ 697 $ 1,353 The following table presents information about restructuring costs by segment for the periods indicated: Three Six Months Total Expected Total Months Ended Ended to be Recognized Fiscal 2017 (In thousands) December 31, December 31, In Remainder of Restructuring 2016 2016 Fiscal 2017 Expenses Lighting Segment $ 479 $ 770 $ 130 $ 900 Graphics Segment 221 221 79 300 Technology Segment (3 ) 251 -- 251 Corporate and Eliminations -- 111 -- 111 Total $ 697 $ 1,353 $ 209 $ 1,562 The above tables exclude the expected gain on the sale of the Kansas City and Woonsocket facilities. Additionally, the above tables do not include expense of $400,000 first 2017 The following table presents a roll forward of the beginning and ending liability balances related to the restructuring costs: (In thousands) Balance as of June 30, 2016 Restructuring Expense Payments Adjustments Balance as of December 31, 2016 Severance and termination benefits $ -- $ 691 $ (306 ) $ (3 ) $ 382 Lease obligation -- 213 (43 ) -- 170 Other -- 96 (90 ) -- 6 Total $ -- $ 1,000 $ (439 ) $ (3 ) $ 558 The above table does not include fixed asset impairment and accelerated depreciation expense of $353,000 first six 2017. Refer to Note 13

Note 15 - Income Taxes

Note 15 - Income Taxes	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 1 5 – INCOME TAXES The Company's effective income tax rate is based on expected income, statutory rates and tax planning opportunities available in the various jurisdictions in which it operates. For interim financial reporting, the Company estimates the annual income tax rate based on projected taxable income for the full year and records a quarterly income tax provision or benefit in accordance with the anticipated annual rate. The Company refines the estimates of the year's taxable income on a periodic basis as new information becomes available, including actual year-to-date financial results. This continual estimation process often results in a change to the expected effective income tax rate for the year. When this occurs, the Company adjusts the income tax provision during the quarter in which the change in estimate occurs so that the year-to-date provision reflects the expected income tax rate. Significant judgment is required in determining the effective tax rate and in evaluating tax positions. Three Months Ended Six Months Ended December 31 December 31 2016 2015 2016 2015 Reconciliation to effective tax rate: Provision for income taxes at the anticipated annual tax rate 30.4 % 33.3 % 30.8 % 34.5 % Enactment of tax law changes -- (2.0 ) -- (1.0 ) Uncertain tax positions (0.6 ) (0.3 ) (0.8 ) (0.3 ) Deferred tax asset adjustment -- -- (1.8 ) -- Other (0.5 ) (1.2 ) (0.6 ) (0.7 ) Effective tax rate 29.3 % 29.8 % 27.6 % 32.5 %

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Consolidation: The consolidated financial statements include the accounts of LSI Industries Inc. (an Ohio corporation) and its subsidiaries (collectively, the “Company”), all of which are wholly owned. All intercompany transactions and balances have been eliminated in consolidation.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition: Revenue is recognized when title to goods and risk of loss have passed to the customer, there is persuasive evidence of a purchase arrangement, delivery has occurred or services have been rendered, and collectability is reasonably assured. Sales are recorded net of estimated returns, rebates and discounts. Amounts received from customers prior to the recognition of revenue are accounted for as customer pre-payments and are included in accrued expenses. The Company has five Product revenue is recognized on product-only orders upon passing of title and risk of loss, generally at time of shipment. In certain arrangements with customers, as is the case with the sale of some of our solid-state LED (light emitting diode) video screens, revenue is recognized upon customer acceptance of the video screen at the job site. Product revenue related to orders where the customer requires the Company to install the product is recognized when the product is installed. The Company provides product warranties and certain post-shipment service, support and maintenance of certain solid state LED video screens. Installation revenue is recognized when the products have been fully installed. The Company is not always responsible for installation of products it sells and has no post-installation responsibilities, other than normal warranties. Service revenue from integrated design, project and construction management, and site permitting is recognized when all products at a customer site have been installed. Revenue from the management of media content and digital hardware related to active digital signage is recognized evenly over the service period with the customer. Media content service periods with most customers range from one one Shipping and handling revenue coincides with the recognition of revenue from sale of the product. In situations where the Company is responsible for re-imaging programs with multiple sites, each site is viewed as a separate unit of accounting and has stand-alone value to the customer. Revenue is recognized upon the Company’s complete performance at the location, which may The Company also evaluates the appropriateness of revenue recognition in accordance with the accounting standards on software revenue recognition. Our solid-state LED video screens and active digital signage contain software elements which the Company has determined are incidental.
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Credit and Collections: The Company maintains allowances for doubtful accounts receivable for probable estimated losses resulting from either customer disputes or the inability of its customers to make required payments. If the financial condition of the Company’s customers were to deteriorate, resulting in their inability to make the required payments, the Company may first The following table presents the Company’s net accounts receivable at the dates indicated. (In thousands) December 31, June 30, 2016 2016 Accounts receivable $ 49,922 $ 47,201 Less: Allowance for doubtful accounts (381 ) (226 ) Accounts receivable, net $ 49,541 $ 46,975
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents: The cash balance includes cash and cash equivalents which have original maturities of less than three $250,000. As of December 31, 2016 June 30, 2016, $35,995,000 $37,883,000,
Inventory, Policy [Policy Text Block]	Inventories and Inventory Reserves: Inventories are stated at the lower of cost or market. Cost of inventories includes the cost of purchased raw materials and components, direct labor, as well as manufacturing overhead which is generally applied to inventory based on direct labor and on material content. Cost is determined on the first first The Company maintains an inventory reserve for obsolete and excess inventory. The Company first
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment and Related Depreciation: Property, plant and equipment are stated at cost. Major additions and betterments are capitalized while maintenance and repairs are expensed. For financial reporting purposes, depreciation is computed on the straight-line method over the estimated useful lives of the assets as follows: Buildings (in years) 28 - 40 Machinery and equipment 3 - 10 Computer software 3 - 8 Costs related to the purchase, internal development, and implementation of the Company’s fully integrated enterprise resource planning/business operating software system are either capitalized or expensed. Leasehold improvements are depreciated over the shorter of fifteen The Company recorded $1,669,000 $1,471,000 second 2017 2016, $3,397,000 $2,921,000 first 2017 2016, The Company is in the process of selling the facilities and certain machinery and equipment in Kansas City, Kansas and in Woonsocket, Rhode Island. Both of the facilities are expected to be sold at a gain. The facilities and machinery and equipment have been separately disclosed on the balance sheet as assets held for sale as of December 31, 2016. $1,713,000 $1,463,000 December 31, 2016. 14
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Intangible Assets: Intangible assets consisting of customer relationships, trade names and trademarks, patents, technology and software, and non-compete agreements are recorded on the Company's balance sheet. The definite-lived intangible assets are being amortized to expense over periods ranging between seven twenty 7.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value: The Company has financial instruments consisting primarily of cash and cash equivalents, revolving lines of credit, accounts receivable, accounts payable, and on occasion, long-term debt. The fair value of these financial instruments approximates carrying value because of their short-term maturity and/or variable, market-driven interest rates. The Company has no financial instruments with off-balance sheet risk. Fair value measurements of nonfinancial assets and nonfinancial liabilities are primarily used in goodwill and other intangible asset impairment analyses, long-lived asset impairment analyses, in the purchase price of acquired companies (if any), and in the valuation of the contingent earn-out. The accounting guidance on fair value measurement was used to measure the fair value of these nonfinancial assets and nonfinancial liabilities.
Standard Product Warranty, Policy [Policy Text Block]	Product Warranties: The Company offers a limited warranty that its products are free from defects in workmanship and materials. The specific terms and conditions vary somewhat by product line, but generally cover defective products returned within one five 10 Changes in the Company’s warranty liabilities, which are included in accrued expenses in the accompanying consolidated balance sheets, during the periods indicated below were as follows: Six Six Fiscal Months Ended Months Ended Year Ended (In thousands) December 31, December 31, June 30, 2016 2015 2016 Balance at beginning of the period $ 5,069 $ 3,408 $ 3,408 Additions charged to expense 2,243 2,259 5,069 Deductions for repairs and Replacements (1,351 ) (1,357 ) (3,408 ) Balance at end of the period $ 5,961 $ 4,310 $ 5,069
Research, Development, and Computer Software, Policy [Policy Text Block]	Research and Development Costs: Research and development costs are directly attributable to new product development, including the development of new technology for both existing and new products, and consist of salaries, payroll taxes, employee benefits, materials, outside legal costs and filing fees related to obtaining patents, supplies, depreciation and other administrative costs. The Company expenses as research and development all costs associated with development of software used in solid-state LED products. All costs are expensed as incurred and are included in selling and administrative expenses. Research and development costs related to both product and software development totaled $1,269,000 $1,320,000 three December 31, 2016 2015, $2,670,000 $2,631,000 six December 31, 2016 2015,
Cost of Sales, Policy [Policy Text Block]	Cost of Products and Services Sold: Cost of products sold is primarily comprised of direct materials and supplies consumed in the manufacture of products, as well as manufacturing labor, depreciation expense and direct overhead expense necessary to acquire and convert the purchased materials and supplies into finished product. Cost of products sold also includes the cost to distribute products to customers, inbound freight costs, internal transfer costs, warehousing costs and other shipping and handling activity. Cost of services sold is primarily comprised of the internal and external labor costs required to support the Company’s service revenue along with the management of media content.
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Common Share: The computation of basic earnings per common share is based on the weighted average common shares outstanding for the period net of treasury shares held in the Company’s nonqualified deferred compensation plan. The computation of diluted earnings per share is based on the weighted average common shares outstanding for the period and includes common share equivalents. Common share equivalents include the dilutive effect of stock options, restricted stock units, contingently issuable shares and common shares to be issued under a deferred compensation plan, all of which totaled 787,000 987,000 three December 31, 2016 2015, 852,000 836,000 six December 31, 2016 2015, 4.
Income Tax, Policy [Policy Text Block]	Income Taxes: The Company accounts for income taxes in accordance with the accounting standards for income taxes. Accordingly, deferred income taxes are provided on items that are reported as either income or expense in different time periods for financial reporting purposes than they are for income tax purposes. Deferred income tax assets are reported on the Company’s balance sheet. Significant management judgment is required in developing the Company’s income tax provision, including the estimation of taxable income and the effective income tax rates in the multiple taxing jurisdictions in which the Company operates, the estimation of the liability for uncertain income tax positions, the determination of deferred tax assets and liabilities, and any valuation allowances that might be required against deferred tax assets.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements: In June 2014, 2014 09, April 2016, 2016 10, May 2016, 2016 12, December 2016, 2016 20, 606, three 2014 09 December 15, 2017, 2019. July 1, 2018. may In November 2015, 2015 17, April 1, 2017. may June 30, 2016.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income: The Company does not have any comprehensive income items other than net income.
Subsequent Events, Policy [Policy Text Block]	Subsequent Events: The Company has evaluated subsequent events for potential recognition and disclosure through the date the consolidated financial statements were filed. No items were identified during this evaluation that required adjustment to or disclosure in the accompanying consolidated financial statements.
Reclassification, Policy [Policy Text Block]	Reclassifications: Certain prior year balance sheet amounts have been reclassified to conform to new accounting guidance on balance sheet classification of deferred taxes. These reclassifications have no impact on net income, earnings per share, or operating cash flows.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.

Note 2 - Summary of Significa22

Note 2 - Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(In thousands) December 31, June 30, 2016 2016 Accounts receivable $ 49,922 $ 47,201 Less: Allowance for doubtful accounts (381 ) (226 ) Accounts receivable, net $ 49,541 $ 46,975
Property, Plant and Equipment [Table Text Block]	Buildings (in years) 28 - 40 Machinery and equipment 3 - 10 Computer software 3 - 8
Schedule of Product Warranty Liability [Table Text Block]	Six Six Fiscal Months Ended Months Ended Year Ended (In thousands) December 31, December 31, June 30, 2016 2015 2016 Balance at beginning of the period $ 5,069 $ 3,408 $ 3,408 Additions charged to expense 2,243 2,259 5,069 Deductions for repairs and Replacements (1,351 ) (1,357 ) (3,408 ) Balance at end of the period $ 5,961 $ 4,310 $ 5,069

Note 3 - Segment Reporting In23

Note 3 - Segment Reporting Information (Tables)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Six Months Ended ( In thousands) December 31 December 31 2016 2015 2016 2015 Net Sales: Lighting Segment $ 60,169 $ 59,601 $ 120,539 $ 118,676 Graphics Segment 20,582 21,206 39,476 43,536 Technology Segment 4,907 3,880 9,802 8,400 $ 85,658 $ 84,687 $ 169,817 $ 170,612 Operating Income (Loss): Lighting Segment $ 2,738 $ 5,182 $ 5,529 $ 10,864 Graphics Segment 1,174 1,959 2,191 4,193 Technology Segment 924 1,069 1,652 2,336 Corporate and Eliminations (2,018 ) (2,830 ) (5,488 ) (6,250 ) $ 2,818 $ 5,380 $ 3,884 $ 11,143 Capital Expenditures: Lighting Segment $ 183 $ 1,160 $ 1,267 $ 1,849 Graphics Segment 459 604 825 1,192 Technology Segment 22 108 34 141 Corporate and Eliminations 120 150 618 202 $ 784 $ 2,022 $ 2,744 $ 3,384 Depreciation and Amortization: Lighting Segment $ 791 $ 717 $ 1,638 $ 1,422 Graphics Segment 376 237 736 471 Technology Segment 324 340 669 676 Corporate and Eliminations 279 304 562 605 $ 1,770 $ 1,598 $ 3,605 $ 3,174
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, 2016 June 30, 2016 Identifiable Assets: Lighting Segment $ 91,010 $ 95,168 Graphics Segment 36,888 33,490 Technology Segment 28,206 28,348 Corporate and Eliminations 39,732 38,554 $ 195,836 $ 195,560
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2016 2015 2016 2015 Lighting Segment inter-segment net sales $ 713 $ 814 $ 1,487 $ 1,428 Graphics Segment inter-segment net sales $ 680 $ 562 $ 812 $ 1,006 Technology inter-segment net sales $ 8,346 $ 8,932 $ 17,131 $ 18,316

Note 4 - Earnings Per Common 24

Note 4 - Earnings Per Common Share (Tables)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 2016 2015 2016 2015 BASIC EARNINGS PER SHARE Net income $ 2,006 $ 3,782 $ 2,835 $ 7,532 Weighted average shares outstanding during the period, net of treasury shares (a) 25,016 24,637 25,007 24,569 Weighted average vested restricted stock units outstanding 37 25 37 26 Weighted average shares outstanding in the Deferred Compensation Plan during the period 261 249 250 243 Weighted average shares outstanding 25,314 24,911 25,294 24,838 Basic earnings per share $ 0.08 $ 0.15 $ 0.11 $ 0.30 DILUTED EARNINGS PER SHARE Net income $ 2,006 $ 3,782 $ 2,835 $ 7,532 Weighted average shares outstanding Basic 25,314 24,911 25,294 24,838 Effect of dilutive securities (b): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 489 713 565 567 Weighted average shares outstanding (c) 25,803 25,624 25,859 25,405 Diluted earnings per share $ 0.08 $ 0.15 $ 0.11 $ 0.30

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, June 30, (In thousands) 2016 2016 Inventories: Raw materials $ 27,638 $ 28,979 Work-in-process 4,108 4,418 Finished goods 10,658 10,744 Total Inventories $ 42,404 $ 44,141

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	December 31, June 30, (In thousands) 2016 2016 Accrued Expenses: Compensation and benefits $ 7,494 $ 11,983 Customer prepayments 1,269 1,053 Accrued sales commissions 2,695 2,792 Accrued warranty 5,961 5,069 Other accrued expenses 5,561 4,444 Total Accrued Expenses $ 22,980 $ 25,341

Note 7 - Goodwill and Other I27

Note 7 - Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Goodwill [Table Text Block]	Goodwill (In thousands) Lighting Graphics Technology Segment Segment Segment Total Balance as of June 30, 2016 Goodwill $ 34,913 $ 28,690 $ 11,621 $ 75,224 Accumulated impairment losses (34,778 ) (27,525 ) (2,413 ) (64,716 ) Goodwill, net as of June 30, 2016 $ 135 $ 1,165 $ 9,208 $ 10,508 Balance as of December 31, 2016 Goodwill $ 34,913 28,690 11,621 75,224 Accumulated impairment losses (34,778 ) (27,525 ) (2,413 ) (64,716 ) Goodwill, net as of December 31, 2016 $ 135 $ 1,165 $ 9,208 $ 10,508
Schedule of Intangible Assets and Goodwill [Table Text Block]	December 31, 2016 Other Intangible Assets Gross (In thousands) Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 9,316 $ 7,727 $ 1,589 Patents 338 172 166 LED technology firmware, software 11,228 11,027 201 Trade name 460 460 -- Non-compete agreements 710 710 -- Total Amortized Intangible Assets 22,052 20,096 1,956 Indefinite-lived Intangible Assets Trademarks and trade names 3,422 -- 3,422 Total Indefinite-lived Intangible Assets 3,422 -- 3,422 Total Other Intangible Assets $ 25,474 $ 20,096 $ 5,378 June 30, 2016 Other Intangible Assets Gross Carrying Accumulated Net (In thousands) Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 9,316 $ 7,581 $ 1,735 Patents 338 154 184 LED technology firmware, software 11,228 10,989 239 Trade name 460 460 -- Non-compete agreements 710 704 6 Total Amortized Intangible Assets 22,052 19,888 2,164 Indefinite-lived Intangible Assets Trademarks and trade names 3,422 -- 3,422 Total Indefinite-lived Intangible Assets 3,422 -- 3,422 Total Other Intangible Assets $ 25,474 $ 19,888 $ 5,586
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	(In thousands) Amortization Expense of Other Intangible Assets December 31, 2016 December 31, 2015 Three Months Ended $ 101 $ 127 Six Months Ended $ 208 $ 253
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(In thousands) 2017 $ 419 2018 $ 401 2019 $ 401 2020 $ 327 2021 $ 323 After 2021 $ 293

Note 10 - Equity Compensation (

Note 10 - Equity Compensation (Tables)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 2016 2015 2016 2015 Dividend yield 2.07 % 1.33 % 1.81 % 1.28 % Expected volatility 41 % 43 % 43 % 44 % Risk-free interest rate 2.06 % 1.38 % 1.00 % 1.67 % Expected life (in years) 6.0 6.0 6.0 6.0
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Six Months Ended December 31, 2016 Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Term Intrinsic Shares Price (in years) Value Outstanding at 6/30/16 2,976,490 $ 8.97 6.6 $ 8,338,974 Granted 834,320 $ 11.05 Forfeitures (147,375 ) $ 16.03 Exercised (38,063 ) $ 7.75 Outstanding at 12/31/16 3,625,372 $ 9.18 7.1 $ 4,648,729 Exercisable at 12/31/16 1,700,025 $ 8.73 5.1 $ 3,216,899 Six Months Ended December 31, 2015 Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Term Intrinsic Shares Price (in years) Value Outstanding at 6/30/15 2,677,436 $ 8.85 6.1 $ 4,914,601 Granted 1,016,800 $ 9.38 Forfeitures (55,050 ) $ 11.65 Exercised (298,724 ) $ 7.20 Outstanding at 12/31/15 3,340,462 $ 9.11 6.8 $ 12,661,470 Exercisable at 12/31/15 1,628,976 $ 9.95 4.5 $ 6,032,985
Schedule of Nonvested Share Activity [Table Text Block]	Weighted-Average Grant Date Shares Fair Value Unvested at June 30, 2016 1,663,505 $ 3.39 Granted 834,320 $ 3.83 Vested (546,978 ) $ 3.25 Forfeited (25,500 ) $ 3.50 Unvested at December 31, 2016 1,925,347 $ 3.62
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	Weighted-Average Grant Date Shares Fair Value Unvested at June 30, 2016 62,500 $ 9.39 Awarded 71,700 $ 11.06 Shares Issued (15,625 ) $ 9.39 Unvested at December 31, 2016 118,575 $ 10.40

Note 11 - Supplemental Cash F29

Note 11 - Supplemental Cash Flow Information (Tables)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	(In thousands) Six Months Ended December 31 2016 2015 Cash payments: Interest $ 21 $ 23 Income taxes $ 2,381 $ 4,650 Issuance of common shares as compensation $ 228 $ 113

Note 13 - Severance Costs (Tabl

Note 13 - Severance Costs (Tables)	6 Months Ended
	Dec. 31, 2016
Employee Severance [Member]
Notes Tables
Schedule of Accrued Severance Liability [Table Text Block]	Six Six Fiscal Months Ended Months Ended Year Ended (In thousands) December 31, December 31, June 30, 2016 2015 2016 Balance at beginning of the period $ 39 $ 379 $ 379 Accrual of expense 173 223 469 Payments (205 ) (314 ) (742 ) Adjustments -- (58 ) (67 ) Balance at end of the period $ 7 $ 230 $ 39

Note 14 - Restructuring Costs (

Note 14 - Restructuring Costs (Tables)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Restructuring and Related Costs [Table Text Block]	Three Six Months Total Expected Total Months Ended Ended to be Recognized Fiscal 2017 (In thousands) December 31, December 31, in Remainder of Restructuring 2016 2016 Fiscal 2017 Expenses Severance and other termination benefits $ 526 $ 691 $ 77 $ 768 Lease obligation -- 213 -- 213 Impairment of fixed assets and accelerated depreciation 80 353 -- 353 Other 91 96 132 228 Total $ 697 $ 1,353 $ 209 $ 1,562
Restructuring and Related Costs, Summary of Costs Incurred by Line Item in the Statement of Operations [Table Text Block]	Three Months Ended Six Months Ended (In thousands) December 31 December 31 2016 2016 Cost of Goods Sold $ 640 $ 1,143 Operating Expenses 57 210 Total $ 697 $ 1,353
Restructuring Costs and Related Costs Incurred by Segment [Table Text Block]	Three Six Months Total Expected Total Months Ended Ended to be Recognized Fiscal 2017 (In thousands) December 31, December 31, In Remainder of Restructuring 2016 2016 Fiscal 2017 Expenses Lighting Segment $ 479 $ 770 $ 130 $ 900 Graphics Segment 221 221 79 300 Technology Segment (3 ) 251 -- 251 Corporate and Eliminations -- 111 -- 111 Total $ 697 $ 1,353 $ 209 $ 1,562
Schedule of Liability Balances Related to Restructuring Costs [Table Text Block]	(In thousands) Balance as of June 30, 2016 Restructuring Expense Payments Adjustments Balance as of December 31, 2016 Severance and termination benefits $ -- $ 691 $ (306 ) $ (3 ) $ 382 Lease obligation -- 213 (43 ) -- 170 Other -- 96 (90 ) -- 6 Total $ -- $ 1,000 $ (439 ) $ (3 ) $ 558

Note 15 - Income Taxes (Tables)

Note 15 - Income Taxes (Tables)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 2016 2015 2016 2015 Reconciliation to effective tax rate: Provision for income taxes at the anticipated annual tax rate 30.4 % 33.3 % 30.8 % 34.5 % Enactment of tax law changes -- (2.0 ) -- (1.0 ) Uncertain tax positions (0.6 ) (0.3 ) (0.8 ) (0.3 ) Deferred tax asset adjustment -- -- (1.8 ) -- Other (0.5 ) (1.2 ) (0.6 ) (0.7 ) Effective tax rate 29.3 % 29.8 % 27.6 % 32.5 %

Note 2 - Summary of Significa33

Note 2 - Summary of Significant Accounting Policies (Details Textual)	3 Months Ended		6 Months Ended
	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)shares	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)shares	Jun. 30, 2016USD ($)
Number of Revenue Sources	5		5
Cash, FDIC Insured Amount	$ 250,000		$ 250,000
Cash, Uninsured Amount	35,995,000		35,995,000		$ 37,883,000
Depreciation	1,669,000	$ 1,471,000	3,397,000	$ 2,921,000
Research and Development Expense	$ 1,269,000	$ 1,320,000	$ 2,670,000	$ 2,631,000
Incremental Common Shares Attributable to Dilutive Effect of Contingently Issuable Shares | shares	787,000	987,000	852,000	836,000
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	$ 0		$ 0
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Asset	0		0
Lighting Segment [Member]
Assets Held-for-sale, Not Part of Disposal Group	1,713,000		1,713,000
Graphics Segment [Member]
Assets Held-for-sale, Not Part of Disposal Group	$ 1,463,000		$ 1,463,000
Minimum [Member]
Media Content Service Period			30 days
Finite-Lived Intangible Asset, Useful Life			7 years
Standard Warranty Term			1 year
Maximum [Member]
Media Content Service Period			1 year
Finite-Lived Intangible Asset, Useful Life			20 years
Standard Warranty Term			5 years
Maximum [Member] | Product Warranty Exceptions [Member]
Standard Warranty Term			10 years
Maximum [Member] | Leasehold Improvements [Member]
Property, Plant and Equipment, Useful Life			15 years

Note 2 - Summary of Significa34

Note 2 - Summary of Significant Accounting Policies - Net Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Accounts receivable	$ 49,922	$ 47,201
Less: Allowance for doubtful accounts	(381)	(226)
Accounts receivable, net	$ 49,541	$ 46,975

Note 2 - Summary of Significa35

Note 2 - Summary of Significant Accounting Policies - Estimated Useful Lives of Long-lived Assets (Details)	6 Months Ended
	Dec. 31, 2016
Building [Member] | Minimum [Member]
Property, plant, and equipment (Year)	28 years
Building [Member] | Maximum [Member]
Property, plant, and equipment (Year)	40 years
Machinery and Equipment [Member] | Minimum [Member]
Property, plant, and equipment (Year)	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, plant, and equipment (Year)	10 years
Software and Software Development Costs [Member] | Minimum [Member]
Property, plant, and equipment (Year)	3 years
Software and Software Development Costs [Member] | Maximum [Member]
Property, plant, and equipment (Year)	8 years

Note 2 - Summary of Significa36

Note 2 - Summary of Significant Accounting Policies - Warranty Liabilities (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Jun. 30, 2016
Balance at beginning of the period	$ 5,069	$ 3,408	$ 3,408
Additions charged to expense	2,243	2,259	5,069
Deductions for repairs and Replacements	(1,351)	(1,357)	(3,408)
Balance at end of the period	$ 5,961	$ 4,310	$ 5,069

Note 3 - Segment Reporting In37

Note 3 - Segment Reporting Information (Details Textual) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Jun. 30, 2016
Number of Operating Segments			3
Intangible Assets, Net (Excluding Goodwill)	$ 5,378,000		$ 5,378,000		$ 5,586,000
Revenue, Net	$ 85,658,000	$ 84,687,000	$ 169,817,000	$ 170,612,000
Intersegment Revenue Markup Percentage			10.00%
Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Concentration Risk, Percentage	0.00%	0.00%	0.00%	0.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Concentration Risk, Percentage			0.00%		0.00%
Graphics Segment [Member]
Revenue, Net	$ 20,582,000	$ 21,206,000	$ 39,476,000	$ 43,536,000
Lighting Segment and Graphics Segment [Member] | Petroleum/Convenience Store Customer [Member]
Revenue, Net				$ 17,045,000
Lighting Segment and Graphics Segment [Member] | Petroleum/Convenience Store Customer [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Concentration Risk, Percentage				10.00%
Customer Relationships [Member] | Graphics Segment [Member]
Intangible Assets, Net (Excluding Goodwill)	$ 492,000		492,000
Reclassification of Operating Loss from the Technology Segment to the Graphics Segment [Member] | Second Quarter of Fiscal 2016 [Member]
Prior Period Reclassification Adjustment			76,000
Reclassification of Operating Loss from the Technology Segment to the Graphics Segment [Member] | First Quarter of Fiscal 2016 [Member]
Prior Period Reclassification Adjustment			$ 3,000

Note 3 - Segment Reporting In38

Note 3 - Segment Reporting Information -Summarized Financial Information by Reportable Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Net Sales:
Net sales	$ 85,658	$ 84,687	$ 169,817	$ 170,612
Operating Income (Loss):
Operating income (loss)	2,818	5,380	3,884	11,143
Capital Expenditures:
Capital expenditures	784	2,022	2,744	3,384
Depreciation and Amortization:
Depreciation and amortization	1,770	1,598	3,605	3,174
Lighting Segment [Member]
Net Sales:
Net sales	60,169	59,601	120,539	118,676
Operating Income (Loss):
Operating income (loss)	2,738	5,182	5,529	10,864
Capital Expenditures:
Capital expenditures	183	1,160	1,267	1,849
Depreciation and Amortization:
Depreciation and amortization	791	717	1,638	1,422
Graphics Segment [Member]
Net Sales:
Net sales	20,582	21,206	39,476	43,536
Operating Income (Loss):
Operating income (loss)	1,174	1,959	2,191	4,193
Capital Expenditures:
Capital expenditures	459	604	825	1,192
Depreciation and Amortization:
Depreciation and amortization	376	237	736	471
Technology Segment [Member]
Net Sales:
Net sales	4,907	3,880	9,802	8,400
Operating Income (Loss):
Operating income (loss)	924	1,069	1,652	2,336
Capital Expenditures:
Capital expenditures	22	108	34	141
Depreciation and Amortization:
Depreciation and amortization	324	340	669	676
Corporate and Eliminations [Member]
Operating Income (Loss):
Operating income (loss)	(2,018)	(2,830)	(5,488)	(6,250)
Capital Expenditures:
Capital expenditures	120	150	618	202
Depreciation and Amortization:
Depreciation and amortization	$ 279	$ 304	$ 562	$ 605

Note 3 - Segment Reporting In39

Note 3 - Segment Reporting Information - Identifiable Assets by Segment (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Identifiable assets	$ 195,836	$ 195,560
Corporate and Eliminations [Member]
Identifiable assets	39,732	38,554
Lighting Segment [Member]
Identifiable assets	91,010	95,168
Graphics Segment [Member]
Identifiable assets	36,888	33,490
Technology Segment [Member]
Identifiable assets	$ 28,206	$ 28,348

Note 3 - Segment Reporting In40

Note 3 - Segment Reporting Information - Inter-segment Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Net sales	$ 85,658	$ 84,687	$ 169,817	$ 170,612
Lighting Segment [Member]
Net sales	60,169	59,601	120,539	118,676
Graphics Segment [Member]
Net sales	20,582	21,206	39,476	43,536
Technology Segment [Member]
Net sales	4,907	3,880	9,802	8,400
Intersegment Eliminations [Member] | Lighting Segment [Member]
Net sales	713	814	1,487	1,428
Intersegment Eliminations [Member] | Graphics Segment [Member]
Net sales	680	562	812	1,006
Intersegment Eliminations [Member] | Technology Segment [Member]
Net sales	$ 8,346	$ 8,932	$ 17,131	$ 18,316

Note 4 - Earnings Per Common 41

Note 4 - Earnings Per Common Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,682,270	1,115,250	1,626,770	1,506,800

Note 4 - Earnings Per Common 42

Note 4 - Earnings Per Common Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
BASIC EARNINGS PER SHARE
Net income		$ 2,006	$ 3,782	$ 2,835	$ 7,532
Weighted average shares outstanding during the period, net of treasury shares (a) (in shares)	[1]	25,016	24,637	25,007	24,569
Weighted average vested units and shares outstanding (in shares)		261	249	250	243
Weighted average shares outstanding (in shares)		25,314	24,911	25,294	24,838
Basic earnings per share (in dollars per share)		$ 0.08	$ 0.15	$ 0.11	$ 0.30
DILUTED EARNINGS PER SHARE
Net income		$ 2,006	$ 3,782	$ 2,835	$ 7,532
Basic (in shares)		25,314	24,911	25,294	24,838
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any (in shares)	[2]	489	713	565	567
Weighted average shares outstanding (in shares)	[3]	25,803	25,624	25,859	25,405
Basic earnings per share (in dollars per share)		$ 0.08	$ 0.15	$ 0.11	$ 0.30
Restricted Stock Units (RSUs) [Member]
BASIC EARNINGS PER SHARE
Weighted average vested units and shares outstanding (in shares)		37	25	37	26
[1]	Includes shares accounted for like treasury stock included in the Company's non-qualified deferred compensation plan. (See Note 10.)
[2]	Calculated using the "Treasury Stock" method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period.
[3]	Options to purchase 1,682,270 common shares and 1,115,250 common shares at December 31, 2016 and 2015, respectively, and options to purchase 1,626,770 common shares and 1,506,800 common shares at December 31, 2016 and 2015, respectively were not included in the computation of the three month and six month period for diluted earnings per share, respectively, because the exercise price was greater than the average fair market value of the common shares.

Note 5 - Inventories - Inventor

Note 5 - Inventories - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Inventories:
Raw materials	$ 27,638	$ 28,979
Work-in-process	4,108	4,418
Finished goods	10,658	10,744
Total Inventories	$ 42,404	$ 44,141

Note 6 - Accrued Expenses - Acc

Note 6 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Accrued Expenses:
Compensation and benefits	$ 7,494	$ 11,983
Customer prepayments	1,269	1,053
Accrued sales commissions	2,695	2,792
Accrued warranty	5,961	5,069	$ 4,310	$ 3,408
Other accrued expenses	5,561	4,444
Total Accrued Expenses	$ 22,980	$ 25,341

Note 7 - Goodwill and Other I45

Note 7 - Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Goodwill, net	$ 10,508	$ 10,508
Lighting Segment [Member]
Goodwill	34,913	34,913
Accumulated impairment losses	(34,778)	(34,778)
Goodwill, net	135	135
Graphics Segment [Member]
Goodwill	28,690	28,690
Accumulated impairment losses	(27,525)	(27,525)
Goodwill, net	1,165	1,165
Technology Segment [Member]
Goodwill	11,621	11,621
Accumulated impairment losses	(2,413)	(2,413)
Goodwill, net	9,208	9,208
All Other Category [Member]
Goodwill	75,224	75,224
Accumulated impairment losses	(64,716)	(64,716)
Goodwill, net	$ 10,508	$ 10,508

Note 7 - Goodwill and Other I46

Note 7 - Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Amortized intangible assets, gross	$ 22,052	$ 22,052
Accumulated amortization	20,096	19,888
Amortized intangible assets, net	1,956	2,164
Indefinite-lived intangible assets, gross	3,422	3,422
Total other intangible assets, gross	25,474	25,474
Other Intangible Assets, net	5,378	5,586
Trademarks and Trade Names [Member]
Indefinite-lived intangible assets, gross	3,422	3,422
Customer Relationships [Member]
Amortized intangible assets, gross	9,316	9,316
Accumulated amortization	7,727	7,581
Amortized intangible assets, net	1,589	1,735
Patents [Member]
Amortized intangible assets, gross	338	338
Accumulated amortization	172	154
Amortized intangible assets, net	166	184
Technology-Based Intangible Assets [Member]
Amortized intangible assets, gross	11,228	11,228
Accumulated amortization	11,027	10,989
Amortized intangible assets, net	201	239
Trade Names [Member]
Amortized intangible assets, gross	460	460
Accumulated amortization	460	460
Amortized intangible assets, net
Noncompete Agreements [Member]
Amortized intangible assets, gross	710	710
Accumulated amortization	710	704
Amortized intangible assets, net		$ 6

Note 7 - Goodwill and Other I47

Note 7 - Goodwill and Other Intangible Assets - Amortization Expense of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Amortization expense of other intangible assets	$ 101	$ 127	$ 208	$ 253

Note 7 - Goodwill and Intangibl

Note 7 - Goodwill and Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2016USD ($)
2,017	$ 419
2,018	401
2,019	401
2,020	327
2,021	323
After 2,021	$ 293

Note 8 - Revolving Line of Cr49

Note 8 - Revolving Line of Credit (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2016
Long-term Line of Credit		$ 0
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	1.90%
UNITED STATES
Line of Credit Facility, Maximum Borrowing Capacity	$ 30,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.125%

Note 9 - Cash Dividends (Detail

Note 9 - Cash Dividends (Details Textual) - USD ($)	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Jan. 31, 2017
Payments of Ordinary Dividends, Common Stock	$ 2,513,000	$ 1,721,000
Dividends Accrued	$ 19,826	$ 4,690
Subsequent Event [Member]
Quarterly Indicated Per Share Dividend Rate			$ 0.05
Annual Indicated per Share Dividend Rate			$ 0.20

Note 10 - Equity Compensation51

Note 10 - Equity Compensation (Details Textual)	3 Months Ended		6 Months Ended		12 Months Ended		45 Months Ended
	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)shares	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Jun. 30, 2016USD ($)shares	Jun. 30, 2015shares	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term			7 years 36 days	6 years 292 days	6 years 219 days	6 years 36 days
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares	2,364,601		2,364,601
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | shares	3,625,372	3,340,462	3,625,372	3,340,462	2,976,490	2,677,436
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number | shares	1,700,025	1,628,976	1,700,025	1,628,976
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 2,622,788		$ 2,622,788
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			2 years 90 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares			834,320	1,016,800
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares			$ 11.05	$ 9.38
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares			$ 3.83	$ 3.63
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term			5 years 36 days	4 years 182 days
Share Based Compensation Valuation Assumptions Expected Forfeiture Rate			3.51%
Stock or Unit Option Plan Expense	$ 142,434	$ 342,134	$ 1,296,009	$ 1,830,707
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | shares	3,159,692		3,159,692
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price | $ / shares	$ 8.92		$ 8.92
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$ 4,620,655		$ 4,620,655
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term			6 years 255 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value			$ 99,883	852,596
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Aggregate Grant Date Fair Value			1,779,490	1,035,041
Proceeds from Stock Options Exercised			171,000	2,195,000
Reduction of Federal Income Taxes Payable Related To Stock Option Exercise			95,443	300,868
Increase (Decrease) In Common Stock Related To Stock Option Exercise			(124,056)	46,066
Reduction of Income Tax Expense Related to Stock Option Exercises			22,073	84,781
Reduction of Deferred Tax Asset Related to Stock Option Exercises			$ 197,427	$ 170,021
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms				3 years 182 days
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | shares			21,199	12,590
Stock Issued During Period, Value, Share-based Compensation, Gross			$ 228,000	$ 113,400
Deferred Compensation Plan, Number of Participants	30		30
Treasury Stock, Shares | shares	263,506		263,506		228,103
Treasury Stock, Value	$ 2,514,106		$ 2,514,106		$ 2,167,717
Employee Salary Deferrals or Company Contributions [Member]
Treasury Stock, Value, Acquired, Cost Method			$ 390,288	$ 276,800
Treasury Stock, Shares, Acquired | shares			39,487	29,021
Excluding Tax Effect of Disqualified Dispositions [Member]
Proceeds from Stock Options Exercised			$ 295,030	$ 2,149,606
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term			10 years
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares			$ 11.06	$ 11.82
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares			$ 3.83	$ 4.48
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term			10 years	9 years 328 days
Share Based Compensation Valuation Assumptions Expected Forfeiture Rate							3.40%
Treasury Stock Acquired, Repurchase Authorization, Shares Expected | shares	50,000		50,000
Minimum [Member]
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares			$ 9.65	$ 8.84
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares			$ 3.29	$ 3.28
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term			9 years 182 days	9 years 182 days
Share Based Compensation Valuation Assumptions Expected Forfeiture Rate							2.00%
Treasury Stock Acquired, Repurchase Authorization, Shares Expected | shares	45,000		45,000
Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 608,468		$ 608,468
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			2 years 270 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	118,575	67,000	118,575	67,000	62,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares			$ 11.06	$ 9.39
Share Based Compensation Valuation Assumptions Expected Forfeiture Rate			3.40%	3.30%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | shares	114,531		114,531
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares			71,700	72,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			4 years
Dividends			$ 19,826	$ 4,690
Allocated Share-based Compensation Expense	$ 89,896	$ 33,276	$ 392,197	$ 319,533
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Other Than Options Expected To Vest Outstanding Number | shares		64,434		64,434
Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms			3 years 182 days
Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms			2 years 182 days
Annually [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			33.30%
Non-Employee Directors [Member] | Each Ninety Days [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			25.00%
Employees [Member] | Annually [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			25.00%
The 2012 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized | shares			1,600,000
Share-based Compensation Arrangement by Share-based Payment Award, Fungible Share Ratio			2.5

Note 10 - Equity Compensation -

Note 10 - Equity Compensation - Weighted Average Assumptions Used to Develop the Fair Value of Stock Options (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Dividend yield	2.07%	1.33%	1.81%	1.28%
Expected volatility	41.00%	43.00%	43.00%	44.00%
Risk-free interest rate	2.06%	1.38%	1.00%	1.67%
Expected life (Year)	6 years	6 years	6 years	6 years

Note 10 - Equity Compensation53

Note 10 - Equity Compensation - Stock Options (Details) - USD ($)	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Jun. 30, 2016	Jun. 30, 2015
Outstanding (in shares)	2,976,490	2,677,436	2,677,436
Outstanding (in dollars per share)	$ 8.97	$ 8.85	$ 8.85
Outstanding (Year)	7 years 36 days	6 years 292 days	6 years 219 days	6 years 36 days
Outstanding	$ 4,648,729	$ 12,661,470	$ 8,338,974	$ 4,914,601
Granted (in shares)	834,320	1,016,800
Granted (in dollars per share)	$ 11.05	$ 9.38
Forfeitures (in shares)	(147,375)	(55,050)
Forfeitures (in dollars per share)	$ 16.03	$ 11.65
Exercised (in shares)	(38,063)	(298,724)
Exercised (in dollars per share)	$ 7.75	$ 7.20
Outstanding (in shares)	3,625,372	3,340,462	2,976,490	2,677,436
Outstanding (in dollars per share)	$ 9.18	$ 9.11	$ 8.97	$ 8.85
Exercisable (in shares)	1,700,025	1,628,976
Exercisable (in dollars per share)	$ 8.73	$ 9.95
Exercisable (Year)	5 years 36 days	4 years 182 days
Exercisable	$ 3,216,899	$ 6,032,985

Note 10 - Equity Compensation54

Note 10 - Equity Compensation - Summary of Unvested Stock Options (Details) - $ / shares	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Unvested (in shares)	1,663,505
Unvested (in dollars per share)	$ 3.39
Granted (in shares)	834,320	1,016,800
Granted (in dollars per share)	$ 3.83	$ 3.63
Vested (in shares)	(546,978)
Vested (in dollars per share)	$ 3.25
Forfeited (in shares)	(25,500)
Forfeited (in dollars per share)	$ 3.50
Unvested (in shares)	1,925,347
Unvested (in dollars per share)	$ 3.62

Note 10 - Equity Compensation55

Note 10 - Equity Compensation - Summary of Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Unvested (in shares)	62,500
Unvested (in dollars per share)	$ 9.39
Awarded (in shares)	71,700	72,000
Awarded (in dollars per share)	$ 11.06
Shares Issued (in shares)	(15,625)
Shares Issued (in dollars per share)	$ 9.39
Unvested (in shares)	118,575	67,000
Unvested (in dollars per share)	$ 10.40

Note 11 - Supplemental Cash F56

Note 11 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($)	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash payments:
Interest	$ 21,000	$ 23,000
Income taxes	2,381,000	4,650,000
Stock Issued During Period, Value, Share-based Compensation, Gross	$ 228,000	$ 113,400

Note 12 - Commitments and Con57

Note 12 - Commitments and Contingencies (Details Textual) $ in Thousands	Dec. 31, 2016USD ($)
Standby Letters of Credit [Member]
Letters of Credit Outstanding, Amount	$ 0

Note 13 - Severance Costs (Deta

Note 13 - Severance Costs (Details Textual) - USD ($)	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Severance Costs	$ 173,000	$ 223,000

Note 13 - Severance Costs - Acc

Note 13 - Severance Costs - Accrued Severance Liability Activity (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Jun. 30, 2016
Balance at	$ 39	$ 379	$ 379
Accrual of expense	173	223	469
Payments	(205)	(314)	(742)
Adjustments		(58)	(67)
Balance at	$ 7	$ 230	$ 39

Note 14 - Restructuring Costs60

Note 14 - Restructuring Costs (Details Textual) - USD ($)	3 Months Ended	6 Months Ended
	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Restructuring and Related Cost, Expected Cost		$ 1,562,000
Inventory Write-down		758,000	$ 699,000
Restructuring Charges		1,000,000
Impairment of Long-Lived Assets Held-for-use		354,000
Machinery and Equipment at the Kansas City and Beaverton Facilities [Member] | Lighting Segment [Member]
Impairment of Long-Lived Assets Held-for-use		322,000
Machinery and Equipment at the Kansas City and Beaverton Facilities [Member] | Technology Segment [Member]
Impairment of Long-Lived Assets Held-for-use		31,000
Closure of Kansas City Facility [Member]
Restructuring and Related Cost, Expected Cost		900,000
Inventory Write-down	$ 400,000
Consolidation of Beaverton, Oregon Facility into Other LSI Facilities [Member]
Restructuring Charges		362,000
Consolidation of Woonsocket, Rhode Island Manufacturing Operation into Its North Canton, Ohio Operation [Member]
Restructuring and Related Cost, Expected Cost		300,000
Closure of Kansas City Facility and Consolidation of Beaverton, Oregon Facility Into Other LSI Facilities [Member] | Machinery and Equipment at the Kansas City and Beaverton Facilities [Member]
Impairment of Long-Lived Assets Held-for-use		$ 353,000

Note 14 - Restructuring Costs -

Note 14 - Restructuring Costs - Summary of Restructuring Costs for the Period (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Restructuring and related costs, incurred cost	$ 697	$ 1,353
Total expected to be recognized in remainder of fiscal 2017	209	209
Total fiscal 2017 restructuring expenses	1,562	1,562
Severance and Other Termination Benefits [Member]
Restructuring and related costs, incurred cost	526	691
Total expected to be recognized in remainder of fiscal 2017	77	77
Total fiscal 2017 restructuring expenses	768	768
Lease Obligation Restructuring [Member]
Restructuring and related costs, incurred cost		213
Total expected to be recognized in remainder of fiscal 2017
Total fiscal 2017 restructuring expenses	213	213
Restructuring Impairment of Fixed Assets and Accelerated Depreciation [Member]
Restructuring and related costs, incurred cost	80	353
Total expected to be recognized in remainder of fiscal 2017
Total fiscal 2017 restructuring expenses	353	353
Other Restructuring [Member]
Restructuring and related costs, incurred cost	91	96
Total expected to be recognized in remainder of fiscal 2017	132	132
Total fiscal 2017 restructuring expenses	$ 228	$ 228

Note 14 - Restructuring Costs62

Note 14 - Restructuring Costs - Cost Incurred by Line Items on the Statement of Operations (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2016
Restructuring and related costs, incurred cost	$ 697	$ 1,353
Cost of Goods Sold [Member]
Restructuring and related costs, incurred cost	640	1,143
Operating Expense [Member]
Restructuring and related costs, incurred cost	$ 57	$ 210

Note 14 - Restructuring Costs63

Note 14 - Restructuring Costs - Summary of Restructuring Costs by Segment (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Restructuring and related costs, incurred cost	$ 697	$ 1,353
Total expected to be recognized in remainder of fiscal 2017	209	209
Total fiscal 2017 restructuring expenses	1,562	1,562
Corporate, Non-Segment [Member]
Restructuring and related costs, incurred cost		111
Total expected to be recognized in remainder of fiscal 2017
Total fiscal 2017 restructuring expenses	111	111
Lighting Segment [Member] | Operating Segments [Member]
Restructuring and related costs, incurred cost	479	770
Total expected to be recognized in remainder of fiscal 2017	130	130
Total fiscal 2017 restructuring expenses	900	900
Graphics Segment [Member] | Operating Segments [Member]
Restructuring and related costs, incurred cost	221	221
Total expected to be recognized in remainder of fiscal 2017	79	79
Total fiscal 2017 restructuring expenses	300	300
Technology Segment [Member] | Operating Segments [Member]
Restructuring and related costs, incurred cost	(3)	251
Total expected to be recognized in remainder of fiscal 2017
Total fiscal 2017 restructuring expenses	$ 251	$ 251

Note 14 - Restructuring Costs64

Note 14 - Restructuring Costs - Liability Balances Related to Restructuring Costs (Details) $ in Thousands	6 Months Ended
	Dec. 31, 2016USD ($)
Balance	$ 0
Restructuring Expense	1,000
Payments	(439)
Adjustments	(3)
Balance	558
Severance and Other Termination Benefits [Member]
Balance	0
Restructuring Expense	691
Payments	(306)
Adjustments	(3)
Balance	382
Lease Obligation Restructuring [Member]
Balance	0
Restructuring Expense	213
Payments	(43)
Adjustments
Balance	170
Other Restructuring [Member]
Balance	0
Restructuring Expense	96
Payments	(90)
Adjustments
Balance	$ 6

Note 15 - Income Taxes - Reconc

Note 15 - Income Taxes - Reconciliation of Income Tax Rate (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Reconciliation to effective tax rate:
Provision for income taxes at the anticipated annual tax rate	30.40%	33.30%	30.80%	34.50%
Enactment of tax law changes		(2.00%)		(1.00%)
Uncertain tax positions	(0.60%)	(0.30%)	(0.80%)	(0.30%)
Deferred tax asset adjustment			(1.80%)
Other	(0.50%)	(1.20%)	(0.60%)	(0.70%)
Effective tax rate	29.30%	29.80%	27.60%	32.50%