LSI Industries (LYTS) 10-Q 7 Feb 18 2018 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2017	Jan. 27, 2018
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)		25,574,457
Document Type	10-Q
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,018
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, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Net sales		$ 92,305	$ 85,658	$ 179,771	$ 169,817
Cost of products and services sold		66,998	63,611	130,761	126,432
Restructuring costs			640		1,143
Gross profit		25,307	21,407	49,010	42,242
Restructuring costs			57		210
Impairment of goodwill				28,000
Selling and administrative expenses		20,760	18,532	41,277	38,148
Operating income (loss)		4,547	2,818	(20,267)	3,884
Interest (income)		(8)	(28)	(16)	(55)
Interest expense		425	8	836	21
Income (loss) before income taxes		4,130	2,838	(21,087)	3,918
Income tax expense (benefit)		5,598	832	(3,990)	1,083
Net (loss) income		$ (1,468)	$ 2,006	$ (17,097)	$ 2,835
(Loss) Earnings per common share (see Note 4)
Basic (in dollars per share)		$ (0.06)	$ 0.08	$ (0.66)	$ 0.11
Diluted (in dollars per share)		$ (0.06)	$ 0.08	$ (0.66)	$ 0.11
Weighted average common shares outstanding
Basic (in shares)		25,858	25,314	25,824	25,294
Diluted (in shares)	[1]	25,858	25,803	25,824	25,859
[1]	Options to purchase 3,569,762 common shares and 1,682,270 common shares for the three months ended December 31, 2017 and 2016, respectively, and options to purchase 3,549,705 common shares and 1,626,770 common shares for the six months ended December 31, 2017 and 2016, 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. For the three and six months ended December 31, 2017, the effect of dilutive securities was not included in the calculation of diluted earnings (loss) per share because there was a net operating loss for the period.

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
ASSETS
Cash and cash equivalents	$ 3,177	$ 3,039
Accounts receivable, less allowance for doubtful accounts of $475 and $506, respectively	59,740	48,880
Inventories	48,662	50,008
Refundable income tax		775
Assets held for sale		1,463
Other current assets	3,712	2,964
Total current assets	115,291	107,129
Property, Plant and Equipment, at cost
Land	6,469	6,429
Buildings	35,855	35,463
Machinery and equipment	82,152	78,804
Construction in progress	796	3,805
	125,272	124,501
Less accumulated depreciation	(80,409)	(77,147)
Net property, plant and equipment	44,863	47,354
Goodwill	30,538	58,538
Other Intangible Assets, net	36,789	38,169
Other Long-Term Assets, net	10,893	5,490
Total assets	238,374	256,680
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts payable	16,828	19,356
Accrued expenses	25,713	26,069
Total current liabilities	42,541	45,425
Long-Term Debt	52,149	49,698
Other Long-Term Liabilities	1,356	1,479
Commitments and Contingencies (Note 12)
Shareholders’ Equity
Preferred shares, without par value; Authorized 1,000,000 shares, none issued
Common shares, without par value; Authorized 40,000,000 shares; Outstanding 25,562,003 and 24,429,223 shares, respectively	122,170	120,259
Retained earnings	20,158	39,819
Total shareholders’ equity	142,328	160,078
Total liabilities & shareholders’ equity	$ 238,374	$ 256,680

Condensed Consolidated Balance4

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Allowance for doubtful accounts	$ 475	$ 506
Preferred shares, par value (in dollars per share)	$ 0	$ 0
Preferred shares, authorized shares (in shares)	1,000,000	1,000,000
Preferred shares, issued (in shares)	0	0
Common shares, par value (in dollars per share)	$ 0	$ 0
Common shares, authorized (in shares)	40,000,000	40,000,000
Common shares, outstanding (in shares)	25,562,003	24,429,223

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash Flows from Operating Activities
Net (loss) income	$ (17,097,000)	$ 2,835,000
Non-cash items included in net income
Depreciation and amortization	5,124,000	3,605,000
Deferred income taxes	(5,667,000)	(962,000)
Impairment of goodwill	28,000,000
Deferred compensation plan	(413,000)	237,000
Stock compensation expense	1,463,000	1,688,000
Issuance of common shares as compensation	156,000	228,000
Loss (gain) on disposition of fixed assets	(29,000)	53,000
Fixed asset impairment and accelerated depreciation		354,000
Allowance for doubtful accounts	115,000	205,000
Inventory obsolescence reserve	1,033,000	758,000
Changes in certain assets and liabilities:
Accounts receivable	(10,975,000)	(2,771,000)
Inventories	313,000	979,000
Refundable income taxes	775,000
Accounts payable	(2,626,000)	(176,000)
Accrued expenses and other	(742,000)	(2,630,000)
Customer prepayments	(221,000)	216,000
Net cash flows (used in) provided by operating activities	(791,000)	4,619,000
Cash Flows from Investing Activities
Purchases of property, plant and equipment	(1,190,000)	(2,744,000)
Proceeds from sale of fixed assets	1,527,000	1,000
Net cash flows provided by (used in) investing activities	337,000	(2,743,000)
Cash Flows from Financing Activities
Payments of long-term debt	(48,553,000)
Borrowings of long-term debt	51,004,000
Cash dividends paid	(2,564,000)	(2,513,000)
Exercise of stock options	174,965	295,030
Purchase of treasury shares	(107,000)	(390,000)
Acquisition of common stock for tax withholding related to share based compensation	183,000
Issuance of treasury shares	454,000	44,000
Net cash flows provided by (used in) financing activities	592,000	(2,688,000)
Increase (decrease) in cash and cash equivalents	138,000	(812,000)
Cash and cash equivalents at beginning of period	3,039,000	33,835,000
Cash and cash equivalents at end of period	$ 3,177,000	$ 33,023,000

Note 1 - Interim Condensed Cons

Note 1 - Interim Condensed Consolidated Financial Statements	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Condensed Financial Statements [Text Block]	NOTE 1 - INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 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, 2017, three six December 31, 2017 2016, six December 31, 2017 2016. 2017 10 June 30, 2017

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 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 multiple sources of revenue: revenue from product sales; revenue from installation of products; service revenue generated from providing integrated design, project and construction management, site engineering and site permitting, and commissioning of lighting controls; revenue from the management of media content and digital hardware related to active digital signage; and revenue from shipping and handling. 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 no Service revenue from integrated design, project and construction management, and site permitting is reco gnized 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: T he 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, 2017 2017 Accounts receivable $ 60,215 $ 49,386 Less: Allowance for doubtful accounts (475 ) (506 ) Accounts receivable, net $ 59,740 $ 48,880 Cash and Cash Equivalents: The cash balance includes cash and cash equivalents which have original maturities of less than three In the United States, the FDIC limit for insurance coverage on non-interest bearing accounts is $250,000. As of December 31, 2017 June 30, 2017, $4,827,512 $4,488,000, 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 (in years) 3 - 10 Computer software (in years) 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 $1,862,000 $1,669,000 second 2018 2017, $3,744,000 $3,397,000 first 2018 2017, 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 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, and in the purchase price of acquired companies (if any). 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 ten 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, 2017 2016 2017 Balance at beginning of the period $ 7,560 $ 5,069 $ 5,069 Additions charged to expense 2,394 2,243 4,956 Addition from acquired company -- -- 907 Deductions for repairs and replacements (3,266 ) (1,351 ) (3,372 ) Balance at end of the period $ 6,688 $ 5,961 $ 7,560 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 $1,379,000 $1,269,00 three December 31, 2017 2016, $2,941,000 $2,670,000 six December 31, 2017 2016, 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 756,000 787,000 three December 31, 2017 2016, 686,000 852,000 six December 31, 2017 2016, 4. Income Taxes: The Company accounts for income taxes in accordance with the accounting guidance 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. The Tax Cuts and Jobs Act was signed into law on December 22nd, 2017 21% January 1, 2018. ’s tax year, the Company will have a US statutory income tax rate of 27.7% 2018, 21% December 31, 2017, one $4,676,578. New Accounting Pronouncements: In June 2014, 2014 09, Revenue from Contracts with Customers.” This amended guidance supersedes and replaces all existing U.S. GAAP revenue recognition guidance. The guidance established a new revenue recognition model, changes the basis for deciding when revenue is recognized, provides new and more detailed guidance on specific revenue topics, and expands and improves disclosures about revenue. In April 2016, 2016 10, May 2016, 2016 12, December 2016, 2016 20, 606, three 2014 09 December 15, 2017, 2019. July 1, 2018 not not may may six In February 2016, 2016 02, December 15, 2018, ’s fiscal 2020, not In March 2016, 2016 09, Improvements to Employee Share-Based Payment Accounting.” This amended guidance simplifies several aspects of the accounting for share-based payment award transactions. The amended guidance is effective for financial statements issued for fiscal and interim periods within those years, beginning after December 15, 2016, 2018. July 1, 2017 87,354 six December 31, 2017 . The amount may not may July 1, 2017, Additionally, excess tax benefits are now included in net cash flows provided by operating activities rather than net cash flows provided by financing activities in the Company’s Consolidated Statement of Cash Flows. The treatment of forfeitures has not no In January 2017, 2017 04, December 15, 2019, ’s fiscal 2021. 7 Comprehensive Income: The Company does not Subsequent Events: The Company has evaluated subsequent events for potential recognition and disclosure through the date the consolidated financial statements were filed. No Use of Estimates: The pr eparation 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, 2017
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. In the first 2018, two Corporate and Eliminations, which captures the Company’s corporate administrative activities, is also reported in the segment information. 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 Lighting Segment also includes the design, engineering, and manufacturing of electronic circuit boards, assemblies and sub-assemblies used to manufacture certain LED light fixtures and sold directly to customers. The Graphics Segment designs, manufactures and installs exterior and interior visual image elements such as traditional graphics, interior branding, electrical and architectural signage, 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, but not 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 taxes. There was no d net sales in the three six December 31, 2017 2016. no December 31, 2017 June 30, 2017. Summarized financial information for the Company ’s operating segments is provided for the indicated periods and as of December 31, 2017 December 31, 2016: Three Months Ended Six Months Ended ( In thousands) December 31 December 31 2017 2016 2017 2016 Net Sales: Lighting Segment $ 69,174 $ 65,076 $ 137,602 $ 130,341 Graphics Segment 23,131 20,582 42,169 39,476 $ 92,305 $ 85,658 $ 179,771 $ 169,817 Operating Income (Loss): Lighting Segment $ 5,275 $ 3,761 $ (17,655 ) $ 6,852 Graphics Segment 2,255 1,174 3,731 2,191 Corporate and Eliminations (2,983 ) (2,117 ) (6,343 ) (5,159 ) $ 4,547 $ 2,818 $ (20,267 ) $ 3,884 Capital Expenditures: Lighting Segment $ 499 $ 205 $ 760 $ 1,301 Graphics Segment 157 459 339 825 Corporate and Eliminations 36 120 91 618 $ 692 $ 784 $ 1,190 $ 2,744 Depreciation and Amortization: Lighting Segment $ 1,885 $ 1,115 $ 3,786 $ 2,307 Graphics Segment 384 376 763 736 Corporate and Eliminations 283 279 575 562 $ 2,552 $ 1,770 $ 5,124 $ 3,605 Dec ember 31, 2017 June 30, 2017 Identifiable Assets: Lighting Segment $ 182,680 $ 214,070 Graphics Segment 39,394 33,144 Corporate and Eliminations 16,300 9,466 $ 238,374 $ 256,680 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) 2017 2016 2017 2016 Lighting Segment inter-segment net sales $ 992 $ 700 $ 1,707 $ 1,453 Graphics Segment inter-segment net sales $ 1,040 $ 680 $ 1,071 $ 812 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, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 4 EARNINGS PER COMMON SHARE 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 2017 2016 2017 2016 BASIC EARNINGS PER SHARE Net (loss) income $ (1,468 ) $ 2,006 $ (17,097 ) $ 2,835 Weighted average shares outstanding during the period, net of treasury shares (a) 25,551 25,016 25,528 25,007 Weighted average vested restricted stock units outstanding 63 37 52 37 Weighted average shares outstanding in the Deferred Compensation Plan during the period 244 261 244 250 Weighted average shares outstanding 25,858 25,314 25,824 25,294 Basic (loss) earnings per share $ (0.06 ) $ 0.08 $ (0.66 ) $ 0.11 DILUTED EARNINGS PER SHARE Net (loss) income $ (1,468 ) $ 2,006 $ (17,097 ) $ 2,835 Weighted average shares outstanding Basic 25,858 25,314 25,824 25,294 Effect of dilutive securities (b): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any -- 489 -- 565 Weighted average shares outstanding (c) 25,858 25,803 25,824 25,859 Diluted (loss) earnings per share $ (0.06 ) $ 0.08 $ (0.66 ) $ 0.11 (a) Includes shares accounted for like treasury stock. (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 3,569,762 1,682,270 three December 31, 2017 2016, 3,549,705 1,626,770 six December 31, 2017 2016, not three six For the three six December 31, 2017, not

Note 5 - Inventories

Note 5 - Inventories	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 5 - INVENTORIES The following information is provided as of the dates indicated: December 31, June 30, (In thousands) 2017 2017 Inventories: Raw materials $ 31,156 $ 32,421 Work-in-process 2,772 3,527 Finished goods 14,734 14,060 Total Inventories $ 48,662 $ 50,008

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE 6 - ACCRUED EXPENSES The following information is provided as of the dates indicated: December 31, June 30, (In thousands) 2017 2017 Accrued Expenses: Compensation and benefits $ 8,667 $ 9,759 Customer prepayments 840 1,061 Accrued sales commissions 2,214 2,314 Accrued warranty 6,688 7,560 Other accrued expenses 7,304 5,375 Total Accrued Expenses $ 25,713 $ 26,069

Note 7 - Goodwill and Other Int

Note 7 - Goodwill and Other Intangible Assets	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 7 - GOODWILL AND OTHER INTANGIBLE ASSETS Carrying values of goodwill and other intangible assets with indefinite lives are reviewed at least annually for possible impairment. The Company may first not not no not not first ’s impairment testing continues with the estimation of the fair value of goodwill and indefinite-lived intangible assets using a combination of a market approach and an income (discounted cash flow) approach, at the reporting unit level. The estimation of the fair value of goodwill and intangible assets requires significant management judgment with respect to revenue and expense growth rates, changes in working capital and the selection and use of an appropriate discount rate. The estimates of fair value of reporting units are based on the best information available as of the date of the assessment. The use of different assumptions would increase or decrease estimated discounted future operating cash flows and could increase or decrease an impairment charge. Company management uses its judgment in assessing whether assets may may The Company identified its reporting units in conjunction with its annual goodwill impairment testing. The Company has a total of three two one 3 not A sustained and significant decline in the Company’s stock price in the first 2018 one September 30, 2017. ASU 2017 04, 2 not $28,000,000. The following table presents information about the Company's goodwill on the dates or for the periods indicated : Goodwill (In thousands) Lighting Graphics Segment Segment Total Balance as of June 30, 2017 Goodwill $ 94,564 $ 28,690 $ 123,254 Accumulated impairment losses (37,191 ) (27,525 ) (64,716 ) Goodwill, net as of June 30, 2017 $ 57,373 $ 1,165 $ 58,538 Goodwill Impairment (28,000 ) -- (28,000 ) Balance as of December 31, 2017 Goodwill $ 94,564 28,690 123,254 Accumulated impairment losses (65,191 ) (27,525 ) (92,716 ) Goodwill, net as of December 31, 2017 $ 29,373 $ 1,165 $ 30,538 The gross carrying amount and accumulated amortization by major other intangible asset class is as follows: December 31, 2017 Other Intangible Assets Gross (In thousands) Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 35,563 $ 8,982 $ 26,581 Patents 338 201 137 LED technology firmware, software 16,066 11,521 4,545 Trade name 2,658 554 2,104 Non-compete agreements 710 710 -- Total Amortized Intangible Assets 55,335 21,968 33,367 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 $ 58,757 $ 21,968 $ 36,789 June 30, 2017 Other Intangible Assets Gross Carrying Accumulated Net (In thousands) Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 35,563 $ 7,956 $ 27,607 Patents 338 186 152 LED technology firmware, software 16,066 11,237 4,829 Trade name 2,658 499 2,159 Non-compete agreements 710 710 - Total Amortized Intangible Assets 55,335 20,588 34,747 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 $ 58,757 $ 20,588 $ 38,169 (In thousands) Amortization Expense of Other Intangible Assets December 31, 201 7 December 31, 2016 Three Months Ended $ 690 $ 101 Six Months Ended $ 1,380 $ 208 The Company expects to record annual amortization expense as follows: (In thousands) 201 8 $ 2,760 201 9 $ 2,760 2020 $ 2,687 2021 $ 2,682 2022 $ 2,461 After 2022 $ 21,397

Note 8 - Revolving Line of Cred

Note 8 - Revolving Line of Credit	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 8 - REVOLVING LINE OF CREDIT In February 2017 $100 third 2022. 125 250 175 twelve $100 15 December 31, 2017, $52.1 $47.9 The Company is in compliance with all of its loan covenants as of December 31, 2017 .

Note 9 - Cash Dividends

Note 9 - Cash Dividends	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 9 - CASH DIVIDENDS The Company paid cash dividends of $2,564,000 $2,513,000 six December 31, 2017 2016, $38,463 $19,826 December 31, 2017 2016, January 2018, $0.05 February 13, 2018 February 5, 2018. The indicated annual cash dividend rate is $0.20

Note 10 - Equity Compensation

Note 10 - Equity Compensation	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 10 - EQUITY COMPENSATION Stock Based Compensation The Company ’s equity compensation plan, the 2012 2012 November 2012. 2012 November 2016, 2012 1,600,000 2.5 1 2012 2012 Stock option grants may Service-based options granted during fiscal 2017 four one 2018 three one three one 2012 ten The number of shares reserved for issuance under the 2012 1,453,356 December 31, 2017. six December 31, 2017. December 31, 2017, 3,448,677 2012 one 1,527,651 December 31, 2017, $2,563,987. 24 December 31, 2017, 187,150 $775,144. 30 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 2017 2016 2017 2016 Dividend yield 3.06 % 2.07 % 3.35 % 1.81 % Expected volatility 41 % 41 % 41 % 43 % Risk-free interest rate 1.94 % 2.06 % 1.77 % 1.00 % Expected life (in years) 6.0 6.0 6.0 6.0 At December 31, 2017 , the 794,537 first six 2018 $5.92 $6.54 $1.71 $1.96 9.5 10 At December 31, 2016, 834,320 first six 2017 $9.65 $11.06 $3.29 $3.83 9.5 10 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 8.54% October 1, 2017. 2.0% 8.3% January 1, 2013 September 30, 2017. five The Company recorded $367,920 three December 31, 2017 $142,434 three December 31, 2016, three December 31, 2016 not $1,125,728 $1,296,009 six December 31, 2017 2016, December 31, 2017, 3,344,138 $8.13 $905,309 7.4 Information related to all stock options for the si x December 31, 2017 2016 Si x Months Ended December 31, 2017 Weighted Weighted Average Average Aggregate Exercise Remaining Intrinsic Shares Price Contractual Term (in years) Value Outstanding at 6/30/17 3,119,688 $ 9.12 7.4 $ 2,332,224 Granted 794,537 $ 5.98 Forfeitures (438,609 ) $ 11.62 Exercised (26,939 ) $ 6.49 Outstanding at 12/31/17 3,448,677 $ 8.10 7.4 $ 971,344 Exercisable at 12/31/17 1,527,651 $ 8.14 5.7 $ 218,246 Si x Months Ended December 31, 2016 Weighted Weighted Average Average Aggregate Exercise Remaining Intrinsic Shares Price Contractual Term (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 The following table presents information related to unvested stock options: Shares Weighted-Average Grant Date Fair Value Unvested at June 30, 2017 1,842,127 $ 3.52 Granted 794,537 $ 1.73 Vested (513,504 ) $ 3.49 Forfeited (202,134 ) $ 3.46 Unvested at December 31, 2017 1,921,026 $ 2.79 The weighted average grant date fair value of options granted during the six periods ended December 31, 2017 2016 $1.73 $3.83, six December 31, 2017 2016 $22,079 $99,883, six December 31, 2017 2016 $1,793,086 $1,779,490, $174,965 $295,030 six December 31, 2017 2016, first six 2018 $83,608 $559,474 $87,354 $170,462 first six 2017 $95,443 $124,056 $22,073 $197,427 twelve Restricted Stock Units A total of 91,490 $5.92 six December 31, 2017. 2018 three one 71,700 $11.06 six December 31, 2016. 2017 four one four $38,463 $19,826 December 31, 2017 2016, The following table presents information r elated to RSUs: Shares Weighted-Average Grant Date Fair Value Unvested at June 30, 2017 133,335 $ 10.38 Awarded 91,490 $ 5.92 Shares Issued (30,675 ) $ 10.30 Shares Forfeited (7,000 ) $ 10.46 Unvested at December 31, 2017 187,150 $ 8.21 As of December 31, 2017 , the 187,150 2.5 3.5 187,150 December 31, 2017, 176,073 8.5% $81,895 $337,310 three six December 31, 2017, As of December 31, 2016, e 118,575 2.5 3.5 118,575 December 31, 2016, 114,531 3.4% $89,896 $392,197 three six December 31, 2016, Director and Employee Stock Compensation Awards The Company awarded a total of 19,920 21,199 six December 31, 2017 2016, $155,974 $228,000 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, 2017 38 245,732 $2,187,811, 257,898 $2,456,875 December 31, 2017 June 30, 2017, 42,280 December 31, 2017 not 2017. $106,537 $390,288 15,225 39,487 six December 31, 2017 2016, The Company ’s non-qualified deferred compensation is no September 30, 2017. 2012

Note 11 - Supplemental Cash Flo

Note 11 - Supplemental Cash Flow Information	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 11 - SUPPLEMENTAL CASH FLOW INFORMATION (In thousands) Six Months Ended December 31 2017 2016 Cash payments: Interest $ 767 $ 21 Income taxes $ 1,232 $ 2,381 Non-cash investing and finance activities: Issuance of common shares as compensation $ 156 $ 228 Issuance of common shares to fund deferred compensation plan $ 261 $ --

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	6 Months Ended
	Dec. 31, 2017
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 not ’s financial position, results of operations, cash flows or liquidity. The Company may hird parties. As of December 31, 2017, no

Note 13 - Severance Costs

Note 13 - Severance Costs	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	NOTE 1 3 – SEVERANCE COSTS The Company recorded severance expense of $ 83,000 $173,000 six December 31, 2017 2016, not 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, 201 7 201 6 201 7 Balance at beginning of the period $ 235 $ 39 $ 39 Accrual of expense 83 173 523 Payments (218 ) (205 ) (313 ) Adjustments (14 ) -- (14 ) Balance at end of the period $ 86 $ 7 $ 235

Note 14 - Restructuring Costs

Note 14 - Restructuring Costs	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	NOTE 1 4 On September 22, 2016, lighting facility in Kansas City, Kansas. The decision was based upon the market shift away from fluorescent and other technologies and the rapid movement to LED lighting which is produced at other LSI facilities. The Company expects to continue to meet the demand for products containing fluorescent light sources as long as these products are commercially viable. All operations at the Kansas City facility ceased prior to December 31, 2016. 2017 $944,000. no 2018. $485,000 2017. first 2017 $1,361,000 T he 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. $377,000 2017, no 2018. In November 2016, of the Woonsocket, Rhode Island manufacturing operation into its North Canton, Ohio operation. The manufacturing operations in Woonsocket ceased prior to December 31, 2016. September 2017. $452,000 2017. no 2018. Management does not 2018. restructuring projects were completed in fiscal 2017 2017. The following table presents information about restructuring costs for the periods indicated: Three Six Months Three Six Months Months Ended Ended Months Ended Ended (In thousands) December 31, December 31, December 31, December 31, 2017 2017 2016 2016 Severance and other termination benefits $ -- $ -- $ 526 $ 691 Lease obligation -- -- -- 213 Impairment of fixed assets and accelerated depreciation -- -- 80 353 Other -- -- 91 96 Total $ -- $ -- $ 697 $ 1,353 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 Three Six Months Months Ended Ended Months Ended Ended (In thousands) December 31, December 31, December 31, December 31, 2017 2017 2016 2016 Lighting Segment $ -- $ -- $ 476 $ 1,021 Graphics Segment -- -- 221 221 Corporate and Eliminations -- -- -- 111 Total $ -- $ -- $ 697 $ 1,353 The above tables exclude the gain on the sale of the Kansas City and Woonsocket facilities. Additionally, the above tables do not $400,000 first 2017 The following table presents a roll forward of the beg inning and ending liability balances related to the restructuring costs: (In thousands) Balance as of June 30, 2017 Restructuring Expense Payments Adjustments Balance as of December 31, 2017 Severance and termination benefits $ -- $ -- $ -- $ -- $ -- Lease obligation 85 -- (85 ) -- -- Other -- -- -- -- -- Total $ 85 $ -- $ (85 ) $ -- $ -- Refer to Note 13 not

Note 15 - Income Taxes

Note 15 - Income Taxes	6 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 15 – 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. The Tax Cuts and Jobs Act was signed into law on December 22nd, 2017 21% January 1, 2018. ’s tax year, the Company will have a US statutory income tax rate of 27.7% 2018, 21% December 31, 2017, one $4,676,578. 2018 27.7%. Three Months Ended Six Months Ended December 31 December 31 2017 2016 2017 2016 Reconciliation to effective tax rate: Provision for income taxes at the anticipated annual tax rate 28.9 % 30.4 % 28.9 % 30.8 % Enactment of tax law changes 111.2 -- (22.2 ) -- Uncertain tax positions (4.8 ) (0.6 ) 0.5 (0.8 ) Difference between deferred and current tax rate related to the impairment of goodwill -- -- 12.1 -- Other -- -- -- (1.8 ) Tax impact related to share based compensation 0.3 (0.5 ) (0.4 ) (0.6 ) Effective tax rate 135.6 % 29.3 % 18.9 % 27.6 %

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2017
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 multiple sources of revenue: revenue from product sales; revenue from installation of products; service revenue generated from providing integrated design, project and construction management, site engineering and site permitting, and commissioning of lighting controls; revenue from the management of media content and digital hardware related to active digital signage; and revenue from shipping and handling. 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 no Service revenue from integrated design, project and construction management, and site permitting is reco gnized 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: T he 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, 2017 2017 Accounts receivable $ 60,215 $ 49,386 Less: Allowance for doubtful accounts (475 ) (506 ) Accounts receivable, net $ 59,740 $ 48,880
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 In the United States, the FDIC limit for insurance coverage on non-interest bearing accounts is $250,000. As of December 31, 2017 June 30, 2017, $4,827,512 $4,488,000,
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 (in years) 3 - 10 Computer software (in years) 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 $1,862,000 $1,669,000 second 2018 2017, $3,744,000 $3,397,000 first 2018 2017,
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 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, and in the purchase price of acquired companies (if any). 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 ten 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, 2017 2016 2017 Balance at beginning of the period $ 7,560 $ 5,069 $ 5,069 Additions charged to expense 2,394 2,243 4,956 Addition from acquired company -- -- 907 Deductions for repairs and replacements (3,266 ) (1,351 ) (3,372 ) Balance at end of the period $ 6,688 $ 5,961 $ 7,560
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 $1,379,000 $1,269,00 three December 31, 2017 2016, $2,941,000 $2,670,000 six December 31, 2017 2016,
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 756,000 787,000 three December 31, 2017 2016, 686,000 852,000 six December 31, 2017 2016, 4.
Income Tax, Policy [Policy Text Block]	Income Taxes: The Company accounts for income taxes in accordance with the accounting guidance 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. The Tax Cuts and Jobs Act was signed into law on December 22nd, 2017 21% January 1, 2018. ’s tax year, the Company will have a US statutory income tax rate of 27.7% 2018, 21% December 31, 2017, one $4,676,578.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements: In June 2014, 2014 09, Revenue from Contracts with Customers.” This amended guidance supersedes and replaces all existing U.S. GAAP revenue recognition guidance. The guidance established a new revenue recognition model, changes the basis for deciding when revenue is recognized, provides new and more detailed guidance on specific revenue topics, and expands and improves disclosures about revenue. In April 2016, 2016 10, May 2016, 2016 12, December 2016, 2016 20, 606, three 2014 09 December 15, 2017, 2019. July 1, 2018 not not may may six In February 2016, 2016 02, December 15, 2018, ’s fiscal 2020, not In March 2016, 2016 09, Improvements to Employee Share-Based Payment Accounting.” This amended guidance simplifies several aspects of the accounting for share-based payment award transactions. The amended guidance is effective for financial statements issued for fiscal and interim periods within those years, beginning after December 15, 2016, 2018. July 1, 2017 87,354 six December 31, 2017 . The amount may not may July 1, 2017, Additionally, excess tax benefits are now included in net cash flows provided by operating activities rather than net cash flows provided by financing activities in the Company’s Consolidated Statement of Cash Flows. The treatment of forfeitures has not no In January 2017, 2017 04, December 15, 2019, ’s fiscal 2021. 7
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income: The Company does not
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
Use of Estimates, Policy [Policy Text Block]	Use of Estimates: The pr eparation 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, 2017
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(In thousands) December 31, June 30, 2017 2017 Accounts receivable $ 60,215 $ 49,386 Less: Allowance for doubtful accounts (475 ) (506 ) Accounts receivable, net $ 59,740 $ 48,880
Property, Plant and Equipment [Table Text Block]	Buildings (in years) 28 - 40 Machinery and equipment (in years) 3 - 10 Computer software (in years) 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, 2017 2016 2017 Balance at beginning of the period $ 7,560 $ 5,069 $ 5,069 Additions charged to expense 2,394 2,243 4,956 Addition from acquired company -- -- 907 Deductions for repairs and replacements (3,266 ) (1,351 ) (3,372 ) Balance at end of the period $ 6,688 $ 5,961 $ 7,560

Note 3 - Segment Reporting In23

Note 3 - Segment Reporting Information (Tables)	6 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Six Months Ended ( In thousands) December 31 December 31 2017 2016 2017 2016 Net Sales: Lighting Segment $ 69,174 $ 65,076 $ 137,602 $ 130,341 Graphics Segment 23,131 20,582 42,169 39,476 $ 92,305 $ 85,658 $ 179,771 $ 169,817 Operating Income (Loss): Lighting Segment $ 5,275 $ 3,761 $ (17,655 ) $ 6,852 Graphics Segment 2,255 1,174 3,731 2,191 Corporate and Eliminations (2,983 ) (2,117 ) (6,343 ) (5,159 ) $ 4,547 $ 2,818 $ (20,267 ) $ 3,884 Capital Expenditures: Lighting Segment $ 499 $ 205 $ 760 $ 1,301 Graphics Segment 157 459 339 825 Corporate and Eliminations 36 120 91 618 $ 692 $ 784 $ 1,190 $ 2,744 Depreciation and Amortization: Lighting Segment $ 1,885 $ 1,115 $ 3,786 $ 2,307 Graphics Segment 384 376 763 736 Corporate and Eliminations 283 279 575 562 $ 2,552 $ 1,770 $ 5,124 $ 3,605
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Dec ember 31, 2017 June 30, 2017 Identifiable Assets: Lighting Segment $ 182,680 $ 214,070 Graphics Segment 39,394 33,144 Corporate and Eliminations 16,300 9,466 $ 238,374 $ 256,680
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2017 2016 2017 2016 Lighting Segment inter-segment net sales $ 992 $ 700 $ 1,707 $ 1,453 Graphics Segment inter-segment net sales $ 1,040 $ 680 $ 1,071 $ 812

Note 4 - Earnings Per Common 24

Note 4 - Earnings Per Common Share (Tables)	6 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 2017 2016 2017 2016 BASIC EARNINGS PER SHARE Net (loss) income $ (1,468 ) $ 2,006 $ (17,097 ) $ 2,835 Weighted average shares outstanding during the period, net of treasury shares (a) 25,551 25,016 25,528 25,007 Weighted average vested restricted stock units outstanding 63 37 52 37 Weighted average shares outstanding in the Deferred Compensation Plan during the period 244 261 244 250 Weighted average shares outstanding 25,858 25,314 25,824 25,294 Basic (loss) earnings per share $ (0.06 ) $ 0.08 $ (0.66 ) $ 0.11 DILUTED EARNINGS PER SHARE Net (loss) income $ (1,468 ) $ 2,006 $ (17,097 ) $ 2,835 Weighted average shares outstanding Basic 25,858 25,314 25,824 25,294 Effect of dilutive securities (b): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any -- 489 -- 565 Weighted average shares outstanding (c) 25,858 25,803 25,824 25,859 Diluted (loss) earnings per share $ (0.06 ) $ 0.08 $ (0.66 ) $ 0.11

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	6 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, June 30, (In thousands) 2017 2017 Inventories: Raw materials $ 31,156 $ 32,421 Work-in-process 2,772 3,527 Finished goods 14,734 14,060 Total Inventories $ 48,662 $ 50,008

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	6 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	December 31, June 30, (In thousands) 2017 2017 Accrued Expenses: Compensation and benefits $ 8,667 $ 9,759 Customer prepayments 840 1,061 Accrued sales commissions 2,214 2,314 Accrued warranty 6,688 7,560 Other accrued expenses 7,304 5,375 Total Accrued Expenses $ 25,713 $ 26,069

Note 7 - Goodwill and Other I27

Note 7 - Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Goodwill [Table Text Block]	Goodwill (In thousands) Lighting Graphics Segment Segment Total Balance as of June 30, 2017 Goodwill $ 94,564 $ 28,690 $ 123,254 Accumulated impairment losses (37,191 ) (27,525 ) (64,716 ) Goodwill, net as of June 30, 2017 $ 57,373 $ 1,165 $ 58,538 Goodwill Impairment (28,000 ) -- (28,000 ) Balance as of December 31, 2017 Goodwill $ 94,564 28,690 123,254 Accumulated impairment losses (65,191 ) (27,525 ) (92,716 ) Goodwill, net as of December 31, 2017 $ 29,373 $ 1,165 $ 30,538
Schedule of Intangible Assets and Goodwill [Table Text Block]	December 31, 2017 Other Intangible Assets Gross (In thousands) Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 35,563 $ 8,982 $ 26,581 Patents 338 201 137 LED technology firmware, software 16,066 11,521 4,545 Trade name 2,658 554 2,104 Non-compete agreements 710 710 -- Total Amortized Intangible Assets 55,335 21,968 33,367 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 $ 58,757 $ 21,968 $ 36,789 June 30, 2017 Other Intangible Assets Gross Carrying Accumulated Net (In thousands) Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 35,563 $ 7,956 $ 27,607 Patents 338 186 152 LED technology firmware, software 16,066 11,237 4,829 Trade name 2,658 499 2,159 Non-compete agreements 710 710 - Total Amortized Intangible Assets 55,335 20,588 34,747 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 $ 58,757 $ 20,588 $ 38,169
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	(In thousands) Amortization Expense of Other Intangible Assets December 31, 201 7 December 31, 2016 Three Months Ended $ 690 $ 101 Six Months Ended $ 1,380 $ 208
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(In thousands) 201 8 $ 2,760 201 9 $ 2,760 2020 $ 2,687 2021 $ 2,682 2022 $ 2,461 After 2022 $ 21,397

Note 10 - Equity Compensation (

Note 10 - Equity Compensation (Tables)	6 Months Ended
	Dec. 31, 2017
Notes Tables
Stock Warrants, Valuation Assumptions [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 2017 2016 2017 2016 Dividend yield 3.06 % 2.07 % 3.35 % 1.81 % Expected volatility 41 % 41 % 41 % 43 % Risk-free interest rate 1.94 % 2.06 % 1.77 % 1.00 % Expected life (in years) 6.0 6.0 6.0 6.0
Share-based Compensation, Stock Options, Activity [Table Text Block]	Si x Months Ended December 31, 2017 Weighted Weighted Average Average Aggregate Exercise Remaining Intrinsic Shares Price Contractual Term (in years) Value Outstanding at 6/30/17 3,119,688 $ 9.12 7.4 $ 2,332,224 Granted 794,537 $ 5.98 Forfeitures (438,609 ) $ 11.62 Exercised (26,939 ) $ 6.49 Outstanding at 12/31/17 3,448,677 $ 8.10 7.4 $ 971,344 Exercisable at 12/31/17 1,527,651 $ 8.14 5.7 $ 218,246 Si x Months Ended December 31, 2016 Weighted Weighted Average Average Aggregate Exercise Remaining Intrinsic Shares Price Contractual Term (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
Schedule of Nonvested Share Activity [Table Text Block]	Shares Weighted-Average Grant Date Fair Value Unvested at June 30, 2017 1,842,127 $ 3.52 Granted 794,537 $ 1.73 Vested (513,504 ) $ 3.49 Forfeited (202,134 ) $ 3.46 Unvested at December 31, 2017 1,921,026 $ 2.79
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	Shares Weighted-Average Grant Date Fair Value Unvested at June 30, 2017 133,335 $ 10.38 Awarded 91,490 $ 5.92 Shares Issued (30,675 ) $ 10.30 Shares Forfeited (7,000 ) $ 10.46 Unvested at December 31, 2017 187,150 $ 8.21

Note 11 - Supplemental Cash F29

Note 11 - Supplemental Cash Flow Information (Tables)	6 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	(In thousands) Six Months Ended December 31 2017 2016 Cash payments: Interest $ 767 $ 21 Income taxes $ 1,232 $ 2,381 Non-cash investing and finance activities: Issuance of common shares as compensation $ 156 $ 228 Issuance of common shares to fund deferred compensation plan $ 261 $ --

Note 13 - Severance Costs (Tabl

Note 13 - Severance Costs (Tables)	6 Months Ended
	Dec. 31, 2017
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, 201 7 201 6 201 7 Balance at beginning of the period $ 235 $ 39 $ 39 Accrual of expense 83 173 523 Payments (218 ) (205 ) (313 ) Adjustments (14 ) -- (14 ) Balance at end of the period $ 86 $ 7 $ 235

Note 14 - Restructuring Costs (

Note 14 - Restructuring Costs (Tables)	6 Months Ended
	Dec. 31, 2017
Notes Tables
Restructuring and Related Costs [Table Text Block]	Three Six Months Three Six Months Months Ended Ended Months Ended Ended (In thousands) December 31, December 31, December 31, December 31, 2017 2017 2016 2016 Severance and other termination benefits $ -- $ -- $ 526 $ 691 Lease obligation -- -- -- 213 Impairment of fixed assets and accelerated depreciation -- -- 80 353 Other -- -- 91 96 Total $ -- $ -- $ 697 $ 1,353
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 Three Six Months Months Ended Ended Months Ended Ended (In thousands) December 31, December 31, December 31, December 31, 2017 2017 2016 2016 Lighting Segment $ -- $ -- $ 476 $ 1,021 Graphics Segment -- -- 221 221 Corporate and Eliminations -- -- -- 111 Total $ -- $ -- $ 697 $ 1,353
Schedule of Liability Balances Related to Restructuring Costs [Table Text Block]	(In thousands) Balance as of June 30, 2017 Restructuring Expense Payments Adjustments Balance as of December 31, 2017 Severance and termination benefits $ -- $ -- $ -- $ -- $ -- Lease obligation 85 -- (85 ) -- -- Other -- -- -- -- -- Total $ 85 $ -- $ (85 ) $ -- $ --

Note 15 - Income Taxes (Tables)

Note 15 - Income Taxes (Tables)	6 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 2017 2016 2017 2016 Reconciliation to effective tax rate: Provision for income taxes at the anticipated annual tax rate 28.9 % 30.4 % 28.9 % 30.8 % Enactment of tax law changes 111.2 -- (22.2 ) -- Uncertain tax positions (4.8 ) (0.6 ) 0.5 (0.8 ) Difference between deferred and current tax rate related to the impairment of goodwill -- -- 12.1 -- Other -- -- -- (1.8 ) Tax impact related to share based compensation 0.3 (0.5 ) (0.4 ) (0.6 ) Effective tax rate 135.6 % 29.3 % 18.9 % 27.6 %

Note 2 - Summary of Significa33

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Cash, FDIC Insured Amount	$ 250,000		$ 250,000
Cash, Uninsured Amount	4,827,512		4,827,512				$ 4,488,000
Depreciation	1,862,000	$ 1,669,000	3,744,000	$ 3,397,000
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Asset	0		$ 0
Standard Warranty Extended Term for Exceptions			10 years
Research and Development Expense	$ 1,379,000	$ 126,900	$ 2,941,000	$ 2,670,000
Incremental Common Shares Attributable to Dilutive Effect of Contingently Issuable Shares	756,000	787,000	686,000	852,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	28.90%	30.40%	28.90%	30.80%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability	$ 4,676,578
Income Tax Expense (Benefit)	$ 5,598,000	$ 832,000	$ (3,990,000)	$ 1,083,000
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit)			$ 87,354
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent					21.00%	27.70%
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] | 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, 2017	Jun. 30, 2017
Accounts receivable	$ 60,215	$ 49,386
Less: Allowance for doubtful accounts	(475)	(506)
Accounts receivable, net	$ 59,740	$ 48,880

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, 2017
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, 2017	Dec. 31, 2016	Jun. 30, 2017
Balance at beginning of the period	$ 7,560	$ 5,069	$ 5,069
Additions charged to expense	2,394	2,243	4,956
Addition from acquired company			907
Deductions for repairs and replacements	(3,266)	(1,351)	(3,372)
Balance at end of the period	$ 6,688	$ 5,961	$ 7,560

Note 3 - Segment Reporting In37

Note 3 - Segment Reporting Information (Details Textual)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2017
Number of Operating Segments			2
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%

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, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Net Sales:
Net sales	$ 92,305	$ 85,658	$ 179,771	$ 169,817
Operating Income (Loss):
Operating income (loss)	4,547	2,818	(20,267)	3,884
Capital Expenditures:
Capital expenditures	692	784	1,190	2,744
Depreciation and Amortization:
Depreciation and amortization	2,552	1,770	5,124	3,605
Corporate and Eliminations [Member]
Operating Income (Loss):
Operating income (loss)	(2,983)	(2,117)	(6,343)	(5,159)
Capital Expenditures:
Capital expenditures	36	120	91	618
Depreciation and Amortization:
Depreciation and amortization	283	279	575	562
Lighting Segment [Member]
Net Sales:
Net sales	69,174	65,076	137,602	130,341
Lighting Segment [Member] | Operating Segments [Member]
Operating Income (Loss):
Operating income (loss)	5,275	3,761	(17,655)	6,852
Capital Expenditures:
Capital expenditures	499	205	760	1,301
Depreciation and Amortization:
Depreciation and amortization	1,885	1,115	3,786	2,307
Graphics Segment [Member]
Net Sales:
Net sales	23,131	20,582	42,169	39,476
Graphics Segment [Member] | Operating Segments [Member]
Operating Income (Loss):
Operating income (loss)	2,255	1,174	3,731	2,191
Capital Expenditures:
Capital expenditures	157	459	339	825
Depreciation and Amortization:
Depreciation and amortization	$ 384	$ 376	$ 763	$ 736

Note 3 - Segment Reporting In39

Note 3 - Segment Reporting Information - Identifiable Assets by Segment (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Identifiable assets	$ 238,374	$ 256,680
Corporate and Eliminations [Member]
Identifiable assets	16,300	9,466
Lighting Segment [Member] | Operating Segments [Member]
Identifiable assets	182,680	214,070
Graphics Segment [Member] | Operating Segments [Member]
Identifiable assets	$ 39,394	$ 33,144

Note 3 - Segment Reporting In40

Note 3 - Segment Reporting Information - Intersegment Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Inter-segment Revenues	$ 92,305	$ 85,658	$ 179,771	$ 169,817
Lighting Segment [Member]
Inter-segment Revenues	69,174	65,076	137,602	130,341
Graphics Segment [Member]
Inter-segment Revenues	23,131	20,582	42,169	39,476
Intersegment Eliminations [Member] | Lighting Segment [Member]
Inter-segment Revenues	992	700	1,707	1,453
Intersegment Eliminations [Member] | Graphics Segment [Member]
Inter-segment Revenues	$ 1,040	$ 680	$ 1,071	$ 812

Note 4 - Earnings Per Common 41

Note 4 - Earnings Per Common Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,569,762	1,682,270	3,549,705	1,626,770

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, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
BASIC EARNINGS PER SHARE
Net (loss) income		$ (1,468)	$ 2,006	$ (17,097)	$ 2,835
Weighted average shares outstanding during the period, net of treasury shares (a) (in shares)	[1]	25,551	25,016	25,528	25,007
Weighted average vested units and shares outstanding (in shares)		244	261	244	250
Weighted average shares outstanding (in shares)		25,858	25,314	25,824	25,294
Basic (loss) earnings per share (in dollars per share)		$ (0.06)	$ 0.08	$ (0.66)	$ 0.11
DILUTED EARNINGS PER SHARE
Net (loss) income		$ (1,468)	$ 2,006	$ (17,097)	$ 2,835
Basic (in shares)		25,858	25,314	25,824	25,294
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any (in shares)	[2]		489		565
Weighted average shares outstanding (c) (in shares)	[3]	25,858	25,803	25,824	25,859
Diluted (loss) earnings per share (in dollars per share)		$ (0.06)	$ 0.08	$ (0.66)	$ 0.11
Restricted Stock Units (RSUs) [Member]
BASIC EARNINGS PER SHARE
Weighted average vested units and shares outstanding (in shares)		63	37	52	37
[1]	Includes shares accounted for like treasury stock.
[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 3,569,762 common shares and 1,682,270 common shares for the three months ended December 31, 2017 and 2016, respectively, and options to purchase 3,549,705 common shares and 1,626,770 common shares for the six months ended December 31, 2017 and 2016, 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. For the three and six months ended December 31, 2017, the effect of dilutive securities was not included in the calculation of diluted earnings (loss) per share because there was a net operating loss for the period.

Note 5 - Inventories - Inventor

Note 5 - Inventories - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Inventories:
Raw materials	$ 31,156	$ 32,421
Work-in-process	2,772	3,527
Finished goods	14,734	14,060
Total Inventories	$ 48,662	$ 50,008

Note 6 - Accrued Expenses - Acc

Note 6 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016
Accrued Expenses:
Compensation and benefits	$ 8,667	$ 9,759
Customer prepayments	840	1,061
Accrued sales commissions	2,214	2,314
Accrued warranty	6,688	7,560	$ 5,961	$ 5,069
Other accrued expenses	7,304	5,375
Total Accrued Expenses	$ 25,713	$ 26,069

Note 7 - Goodwill and Other I45

Note 7 - Goodwill and Other Intangible Assets (Details Textual)	3 Months Ended			6 Months Ended
	Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Number of Reporting Units				3
Goodwill, Impairment Loss				$ 28,000,000
Lighting Segment [Member]
Number of Reporting Units				2
Goodwill, Impairment Loss		$ 28,000,000		$ 28,000,000
Graphics Segment [Member]
Number of Reporting Units				1
Goodwill, Impairment Loss

Note 7 - Goodwill and Other I46

Note 7 - Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($)	3 Months Ended			6 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2017
Goodwill, net	$ 30,538,000			$ 30,538,000		$ 58,538,000
Goodwill Impairment				(28,000,000)
Lighting Segment [Member]
Goodwill	94,564,000			94,564,000		94,564,000
Accumulated impairment losses	(65,191,000)			(65,191,000)		(37,191,000)
Goodwill, net	29,373,000			29,373,000		57,373,000
Goodwill Impairment		$ (28,000,000)		(28,000,000)
Graphics Segment [Member]
Goodwill	28,690,000			28,690,000		28,690,000
Accumulated impairment losses	(27,525,000)			(27,525,000)		(27,525,000)
Goodwill, net	1,165,000			1,165,000		1,165,000
Goodwill Impairment
Technology Segment [Member]
Goodwill	123,254,000			123,254,000		123,254,000
Accumulated impairment losses	(92,716,000)			(92,716,000)		(64,716,000)
Goodwill, net	$ 30,538,000			30,538,000		$ 58,538,000
Goodwill Impairment				$ (28,000,000)

Note 7 - Goodwill and Other I47

Note 7 - Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Amortized intangible assets, gross	$ 55,335	$ 55,335
Accumulated amortization	21,968	20,588
Amortized intangible assets, net	33,367	34,747
Indefinite-lived intangible assets, gross	3,422	3,422
Total other intangible assets, gross	58,757	58,757
Other Intangible Assets, net	36,789	38,169
Trademarks and Trade Names [Member]
Indefinite-lived intangible assets, gross	3,422	3,422
Customer Relationships [Member]
Amortized intangible assets, gross	35,563	35,563
Accumulated amortization	8,982	7,956
Amortized intangible assets, net	26,581	27,607
Patents [Member]
Amortized intangible assets, gross	338	338
Accumulated amortization	201	186
Amortized intangible assets, net	137	152
Technology-Based Intangible Assets [Member]
Amortized intangible assets, gross	16,066	16,066
Accumulated amortization	11,521	11,237
Amortized intangible assets, net	4,545	4,829
Trade Names [Member]
Amortized intangible assets, gross	2,658	2,658
Accumulated amortization	554	499
Amortized intangible assets, net	2,104	2,159
Noncompete Agreements [Member]
Amortized intangible assets, gross	710	710
Accumulated amortization	710	710
Amortized intangible assets, net

Note 7 - Goodwill and Other I48

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, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Amortization expense of other intangible assets	$ 690	$ 101	$ 1,380	$ 208

Note 7 - Goodwill and Other I49

Note 7 - Goodwill and Other Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2017USD ($)
2,018	$ 2,760
2,019	2,760
2,020	2,687
2,021	2,682
2,022	2,461
After 2,022	$ 21,397

Note 8 - Revolving Line of Cr50

Note 8 - Revolving Line of Credit (Details Textual) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Feb. 28, 2017	Mar. 31, 2018	Dec. 31, 2017	Feb. 21, 2017
Long-term Line of Credit			$ 52.1
Line of Credit Facility, Remaining Borrowing Capacity			$ 47.9
London Interbank Offered Rate (LIBOR) [Member] | Scenario, Forecast [Member]
Debt Instrument, Basis Spread on Variable Rate		1.75%
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%
London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.50%
UNITED STATES
Line of Credit Facility, Maximum Borrowing Capacity				$ 100
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.15%

Note 9 - Cash Dividends (Detail

Note 9 - Cash Dividends (Details Textual) - USD ($)	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Jan. 31, 2018
Payments of Ordinary Dividends, Common Stock	$ 2,564,000	$ 2,513,000
Dividends Accrued	$ 38,463	$ 19,826
Subsequent Event [Member]
Quarterly Indicated Per Share Dividend Rate			$ 0.05
Annual Indicated per Share Dividend Rate			$ 0.20

Note 10 - Equity Compensation52

Note 10 - Equity Compensation (Details Textual)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended		57 Months Ended
	Nov. 30, 2016shares	Dec. 31, 2017USD ($)$ / sharesshares	Dec. 31, 2016USD ($)shares	Dec. 31, 2017USD ($)$ / sharesshares	Dec. 31, 2016USD ($)$ / sharesshares	Jun. 30, 2017USD ($)shares	Jun. 30, 2016	Sep. 30, 2017	Jun. 30, 2015shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term				7 years 146 days	7 years 36 days	7 years 146 days	6 years 219 days
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares		1,453,356		1,453,356
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | shares		3,448,677	3,625,372	3,448,677	3,625,372	3,119,688			2,976,490
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number | shares		1,527,651	1,700,025	1,527,651	1,700,025
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 2,563,987		$ 2,563,987
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				2 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares				794,537	834,320
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares				$ 5.98	$ 11.05
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares				$ 1.73	$ 3.83
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term				5 years 255 days	5 years 36 days
Share Based Compensation Valuation Assumptions Expected Forfeiture Rate		8.54%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | shares		3,344,138		3,344,138
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price | $ / shares		$ 8.13		$ 8.13
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value		$ 905,309		$ 905,309
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term				7 years 146 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value				$ 22,079	$ 99,883
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Aggregate Grant Date Fair Value				1,793,086	1,779,490
Proceeds from Stock Options Exercised				174,965	295,030
Reduction of Federal Income Taxes Payable Related To Stock Option Exercise				83,608	95,443
Increase (Decrease) In Common Stock Related To Stock Option Exercise				559,474	(124,056)
Reduction of Income Tax Expense Related to Stock Option Exercises				87,354	22,073
Reduction of Deferred Tax Asset Related to Stock Option Exercises				$ 170,462	$ 197,427
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | shares				19,920	21,199
Stock Issued During Period, Value, Share-based Compensation, Gross				$ 155,974	$ 228,000
Deferred Compensation Plan, Number of Participants		38		38
Treasury Stock, Shares | shares		245,732		245,732		257,898
Treasury Stock, Value		$ 2,187,811		$ 2,187,811		$ 2,456,875
Deferred Compensation Arrangement with Individual, Shares Issued | shares				42,280	0
Employee Salary Deferrals or Company Contributions [Member]
Treasury Stock, Value, Acquired, Cost Method				$ 106,537	$ 390,288
Treasury Stock, Shares, Acquired | shares				15,225	39,487
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				$ 6.54	$ 11.06
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares				$ 1.96	$ 3.83
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term				10 years	10 years
Share Based Compensation Valuation Assumptions Expected Forfeiture Rate								8.30%
Minimum [Member]
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares				$ 5.92	$ 9.65
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares				$ 1.71	$ 3.29
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%
Service-based Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				3 years		4 years
Performance-based Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				3 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				3 years	4 years
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 775,144		$ 775,144
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				2 years 180 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares		187,150	118,575	187,150	118,575	133,335
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares				$ 5.92	$ 11.06
Share Based Compensation Valuation Assumptions Expected Forfeiture Rate				8.50%	3.40%
Allocated Share-based Compensation Expense		$ 81,895	$ 89,896	$ 337,310	$ 392,197
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares				91,490	71,700
Dividends				$ 38,463	$ 19,826
Share-based Compensation Arrangement By Share-based Payment Award, Equity Other Than Options, Vested and Expected To Vest, Outstanding, Number | shares		176,073	114,531	176,073	114,531
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	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	2 years 182 days
Employee Stock Option [Member]
Allocated Share-based Compensation Expense		$ 367,920		$ 1,125,728	$ 1,296,009
Allocated Share Based Compensation Expense, Reduction			$ (142,434)
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 Were Used for the Warrants (Details) - Warrant [Member]	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Dividend yield	3.06%	2.07%	3.35%	1.81%
Expected volatility	41.00%	41.00%	41.00%	43.00%
Risk-free interest rate	1.94%	2.06%	1.77%	1.00%
Expected life (in years) (Year)	6 years	6 years	6 years	6 years

Note 10 - Equity Compensation54

Note 10 - Equity Compensation - Stock Options (Details) - USD ($)	6 Months Ended		12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2017	Jun. 30, 2016
Outstanding (in shares)	3,119,688			2,976,490
Outstanding (in dollars per share)	$ 9.12			$ 8.97
Outstanding (Year)	7 years 146 days	7 years 36 days	7 years 146 days	6 years 219 days
Outstanding	$ 971,344	$ 4,648,729	$ 2,332,224	$ 8,338,974
Granted (in shares)	794,537	834,320
Granted (in dollars per share)	$ 5.98	$ 11.05
Forfeitures (in shares)	(438,609)	(147,375)
Forfeitures (in dollars per share)	$ 11.62	$ 16.03
Exercised (in shares)	(26,939)	(38,063)
Exercised (in dollars per share)	$ 6.49	$ 7.75
Outstanding (in shares)	3,448,677	3,625,372	3,119,688
Outstanding (in dollars per share)	$ 8.10	$ 9.18	$ 9.12
Exercisable (in shares)	1,527,651	1,700,025
Exercisable (in dollars per share)	$ 8.14	$ 8.73
Exercisable (Year)	5 years 255 days	5 years 36 days
Exercisable	$ 218,246	$ 3,216,899
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	7 years 146 days	7 years 36 days	7 years 146 days	6 years 219 days
Outstanding	$ 971,344	$ 4,648,729	$ 2,332,224	$ 8,338,974
Forfeitures (in shares)	(438,609)	(147,375)
Forfeitures (in dollars per share)	$ 11.62	$ 16.03
Exercised (in shares)	(26,939)	(38,063)
Exercised (in dollars per share)	$ 6.49	$ 7.75

Note 10 - Equity Compensation55

Note 10 - Equity Compensation - Summary of Unvested Stock Options (Details) - $ / shares	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Unvested (in shares)	1,842,127
Unvested (in dollars per share)	$ 3.52
Granted (in shares)	794,537	834,320
Granted (in dollars per share)	$ 1.73	$ 3.83
Vested (in shares)	(513,504)
Vested (in dollars per share)	$ 3.49
Forfeited (in shares)	(202,134)
Forfeited (in dollars per share)	$ 3.46
Unvested (in shares)	1,921,026
Unvested (in dollars per share)	$ 2.79

Note 10 - Equity Compensation56

Note 10 - Equity Compensation - Summary of Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Unvested (in shares)	133,335
Unvested (in dollars per share)	$ 10.38
Awarded (in shares)	91,490	71,700
Awarded (in dollars per share)	$ 5.92
Shares Issued (in shares)	(30,675)
Shares Issued (in dollars per share)	$ 10.30
Shares Forfeited (in shares)	(7,000)
Shares Forfeited (in dollars per share)	$ 10.46
Unvested (in shares)	187,150	118,575
Unvested (in dollars per share)	$ 8.21

Note 11 - Supplemental Cash F57

Note 11 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($)	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash payments:
Interest	$ 767,000	$ 21,000
Income taxes	1,232,000	2,381,000
Issuance of common shares as compensation	155,974	228,000
Issuance of common shares to fund deferred compensation plan	$ 261,000

Note 12 - Commitments and Con58

Note 12 - Commitments and Contingencies (Details Textual) $ in Thousands	Dec. 31, 2017USD ($)
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, 2017	Dec. 31, 2016
Severance Costs	$ 83,000	$ 173,000

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, 2017	Dec. 31, 2016	Jun. 30, 2017
Balance at	$ 235	$ 39	$ 39
Accrual of expense	83	173	523
Payments	(218)	(205)	(313)
Adjustments	(14)		(14)
Balance at	$ 86	$ 7	$ 235

Note 14 - Restructuring Costs61

Note 14 - Restructuring Costs (Details Textual) - USD ($)	3 Months Ended	6 Months Ended		12 Months Ended
	Sep. 30, 2016	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2017
Inventory Write-down		$ 1,033,000	$ 758,000
Restructuring Charges
Closure of Kansas City Facility [Member]
Restructuring and Related Cost, Expected Cost		0		$ 944,000
Inventory Write-down	$ 400,000			485,000
Gain (Loss) on Disposition of Property Plant Equipment				1,361,000
Consolidation of Beaverton, Oregon Facility into Other LSI Facilities [Member]
Restructuring Charges		0		377,000
Consolidation of Woonsocket, Rhode Island Manufacturing Operation into Its North Canton, Ohio Operation [Member]
Restructuring and Related Cost, Expected Cost				$ 452,000
Restructuring Charges		$ 0

Note 14 - Restructuring Costs -

Note 14 - Restructuring Costs - Summary of Restructuring Costs for the Period (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Restructuring and related costs		$ 697		$ 1,353
Severance and Other Termination Benefits [Member]
Restructuring and related costs		526		691
Lease Obligation Restructuring [Member]
Restructuring and related costs				213
Restructuring Impairment of Fixed Assets and Accelerated Depreciation [Member]
Restructuring and related costs		80		353
Other Restructuring [Member]
Restructuring and related costs		$ 91		$ 96

Note 14 - Restructuring Costs63

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, 2017	Dec. 31, 2016	Dec. 31, 2017	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 Costs64

Note 14 - Restructuring Costs - Summary of Restructuring Costs by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Restructuring and related costs, incurred cost		$ 697		$ 1,353
Corporate, Non-Segment [Member]
Restructuring and related costs, incurred cost				111
Lighting Segment [Member] | Operating Segments [Member]
Restructuring and related costs, incurred cost		476		1,021
Graphics Segment [Member] | Operating Segments [Member]
Restructuring and related costs, incurred cost		$ 221		$ 221

Note 14 - Restructuring Costs65

Note 14 - Restructuring Costs - Liability Balances Related to Restructuring Costs (Details) $ in Thousands	6 Months Ended
	Dec. 31, 2017USD ($)
Balance, beginning	$ 85
Restructuring Expense
Payments	(85)
Adjustments
Balance, ending
Severance and Other Termination Benefits [Member]
Balance, beginning	0
Restructuring Expense
Payments
Adjustments
Balance, ending
Lease Obligation Restructuring [Member]
Balance, beginning	85
Restructuring Expense
Payments	(85)
Adjustments
Balance, ending
Other Restructuring [Member]
Balance, beginning	0
Restructuring Expense
Payments
Adjustments
Balance, ending

Note 15 - Income Taxes (Details

Note 15 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2019	Jun. 30, 2018
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	28.90%	30.40%	28.90%	30.80%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability	$ 4,676,578
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent					21.00%	27.70%

Note 15 - Income Taxes - Reconc

Note 15 - Income Taxes - Reconciliation of Income Tax Rate (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Provision for income taxes at the anticipated annual tax rate	28.90%	30.40%	28.90%	30.80%
Enactment of tax law changes	111.20%		(22.20%)
Uncertain tax positions	(4.80%)	(0.60%)	0.50%	(0.80%)
Difference between deferred and current tax rate related to the impairment of goodwill			12.10%
Other				(1.80%)
Tax impact related to share based compensation	0.30%	(0.50%)	(0.40%)	(0.60%)
Effective tax rate	135.60%	29.30%	18.90%	27.60%