LSI Industries (LYTS) 10-Q 8 May 18 2018 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Mar. 31, 2018	May 03, 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)		25,875,184
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Net sales		$ 78,843	$ 78,156	$ 258,614	$ 247,973
Cost of products and services sold		58,925	59,445	189,686	185,877
Restructuring costs			312		1,455
Gross profit		19,918	18,399	68,928	60,641
Impairment of goodwill			479	28,000	479
Acquisition deal costs			1,480		1,480
Restructuring costs (gain)			(1,301)		(1,091)
Selling and administrative expenses		19,175	18,515	60,452	56,663
Operating income (loss)		743	(774)	(19,524)	3,110
Interest (income)		(8)	(25)	(24)	(80)
Interest expense		408	188	1,244	209
Income (loss) before income taxes		343	(937)	(20,744)	2,981
Income tax expense (benefit)		123	(406)	(3,867)	677
Net income (loss)		$ 220	$ (531)	$ (16,877)	$ 2,304
Earnings (Loss) per common share (see Note 4)
Basic (in dollars per share)		$ 0.01	$ (0.02)	$ (0.65)	$ 0.09
Diluted (in dollars per share)		$ 0.01	$ (0.02)	$ (0.65)	$ 0.09
Weighted average common shares outstanding
Basic (in shares)		25,875	25,452	25,835	25,346
Diluted (in shares)	[1]	26,437	25,452	25,835	25,909
[1]	Options to purchase 1,945,348 common shares and 1,364,013 common shares for the three months ended March 31, 2018 and 2017, respectively, and options to purchase 3,086,121 common shares and 1,391,300 common shares for the nine months ended March 31, 2018 and 2017, respectively were not included in the computation of the three month and nine 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 months ended in March 31, 2017 and nine months ended March 31, 2018, 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	Mar. 31, 2018	Jun. 30, 2017
Current Assets
Cash and cash equivalents	$ 2,055	$ 3,039
Accounts receivable, less allowance for doubtful accounts of $362 and $506, respectively	49,529	48,880
Inventories	51,687	50,008
Refundable income tax	340	775
Assets held for sale		1,463
Other current assets	3,339	2,964
Total current assets	106,950	107,129
Property, Plant and Equipment, at cost
Land	6,470	6,429
Buildings	35,880	35,463
Machinery and equipment	82,784	78,804
Construction in progress	1,100	3,805
	126,234	124,501
Less accumulated depreciation	(82,234)	(77,147)
Net property, plant and equipment	44,000	47,354
Goodwill	30,538	58,538
Other Intangible Assets, net	36,098	38,169
Other Long-Term Assets, net	10,781	5,490
Total assets	228,367	256,680
LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts payable	16,353	19,356
Accrued expenses	23,456	26,069
Total current liabilities	39,809	45,425
Long-Term Debt	45,289	49,698
Other Long-Term Liabilities	1,440	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 25,624,299 and 24,429,223 shares, respectively	122,732	120,259
Retained earnings	19,097	39,819
Total shareholders’ equity	141,829	160,078
Total liabilities & shareholders’ equity	$ 228,367	$ 256,680

Condensed Consolidated Balance4

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Allowance for doubtful accounts	$ 362	$ 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)	25,624,299	24,429,223

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash Flows from Operating Activities
Net (loss) income	$ (16,877,000)	$ 2,304,000
Non-cash items included in net income
Depreciation and amortization	7,640,000	5,689,000
Deferred income taxes	(5,650,000)	(947,000)
Impairment of goodwill and intangible asset	28,000,000	479,000
Fixed asset impairment and accelerated depreciation		354,000
Deferred compensation plan	(541,000)	196,000
Stock compensation expense	1,754,000	2,292,000
Issuance of common shares as compensation	234,000	331,000
(Gain) loss on disposition of fixed assets	(28,000)	52,000
(Gain) on the sale of the building		(1,361,000)
Allowance for doubtful accounts	144,000	248,000
Inventory obsolescence reserve	1,762,000	981,000
Changes in certain assets and liabilities:
Accounts receivable	(793,000)	5,189,000
Inventories	(3,441,000)	3,190,000
Refundable income taxes	435,000	(143,000)
Accounts payable	(3,077,000)	(965,000)
Accrued expenses and other	(3,243,000)	(5,119,000)
Customer prepayments	575,000	174,000
Net cash flows provided by operating activities	6,894,000	12,944,000
Cash Flows from Investing Activities
Purchases of property, plant and equipment	(2,178,000)	(3,534,000)
Acquisition of business, net of cash received and warrants issued		(95,077,000)
Proceeds from sale of fixed assets	1,526,000	3,081,000
Net cash flows used in investing activities	(652,000)	(95,530,000)
Cash Flows from Financing Activities
Payments of long-term debt	(77,817,000)	(14,882,000)
Borrowings of long-term debt	73,408,000	69,649,000
Cash dividends paid	(3,845,000)	(3,772,000)
Exercise of stock options	285,875	2,612,578
Purchase of treasury shares	(107,000)	(446,000)
Issuance of treasury shares	873,000	176,000
Net cash flows provided by (used in) financing activities	(7,226,000)	53,126,000
Decrease in cash and cash equivalents	(984,000)	(29,460,000)
Cash and cash equivalents at beginning of period	3,039,000	33,835,000
Cash and cash equivalents at end of period	$ 2,055,000	$ 4,375,000

Note 1 - Interim Condensed Cons

Note 1 - Interim Condensed Consolidated Financial Statements	9 Months Ended
	Mar. 31, 2018
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 March 31, 2018, three nine March 31, 2018 2017, nine March 31, 2018 2017. 2017 10 June 30, 2017

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2018
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 recognized when all products at a customer site have been installed. Revenue from the management of media content and digital hardware related to active digital signage is recognized evenly over the service period with the customer. Media content service periods with most customers range from one one Shipping and handling revenue coincides with the recognition of revenue from sale of the product. In situations where the Company is responsible for re-imaging programs with multiple sites, each site is viewed as a separate unit of accounting and has stand-alone value to the customer. Revenue is recognized upon the Company’s complete performance at the location, which may The Company also evaluates the appropriateness of revenue recognition in accordance with the accounting standards on software revenue recognition. Our solid-state LED video screens and active digital signage contain software elements which the Company has determined are incidental. Credit and Collections: The Company maintains allowances for doubtful accounts receivable for probable estimated losses resulting from either customer disputes or the inability of its customers to make required payments. If the financial condition of the Company’s customers were to deteriorate, resulting in their inability to make the required payments, the Company may first The following table presents the Company’s net accounts receivable at the dates indicated. (In thousands) March 31, June 30, 2018 2017 Accounts receivable $ 49,891 $ 49,386 Less: Allowance for doubtful accounts (362 ) (506 ) Accounts receivable, net $ 49,529 $ 48,880 Cash and Cash Equivalents: The cash balance includes cash and cash equivalents which have original maturities of less than three $250,000. March 31, 2018 June 30, 2017, $4,391,000 $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 $1,825,000 $1,725,000 third 2018 2017, $5,569,000 $5,122,000 first nine 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: Nine Nine Fiscal Months Ended Months Ended Year Ended (In thousands) March 31, March 31, June 30, 2018 2017 2017 Balance at beginning of the period $ 7,560 $ 5,069 $ 5,069 Additions charged to expense 3,813 3,841 4,956 Addition from acquired company -- 907 907 Deductions for repairs and replacements (4,652 ) (2,283 ) (3,372 ) Balance at end of the period $ 6,721 $ 7,534 $ 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 $1,463,000 $1,447,00 three March 31, 2018 2017, $4,404,000 $4,117,000 nine March 31, 2018 2017, 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 856,000 297,000 three March 31, 2018 2017, 289,000 853,000 nine March 31, 2018 2017, 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 (the “Act”) was signed into law on December 22nd, 2017 21% January 1, 2018. 27.6% 2018, 21% December 31, 2017, one $4,676,578. New Accounting Pronouncements: In June 2014, 2014 09, April 2016, 2016 10, May 2016, 2016 12, December 2016, 2016 20, 606, three 2014 09 December 15, 2017, 2019. July 1, 2018 The Company’s assessment efforts to date have included reviewing current accounting policies, processes, and system requirements, as well as assigning internal resources and engaging third not 90% not not In February 2016, 2016 02, December 15, 2018, 2020, not In March 2016, 2016 09, December 15, 2016, 2018. July 1, 2017 $92,996 nine March 31, 2018. may not may July 1, 2017, not no In January 2017, 2017 04, December 15, 2019, 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 On April 23, 2018, fourth 2018 Following the departure of Mr. Wells, the Company’s stock price has declined 20% 25%. may may not Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.

Note 3 - Segment Reporting Info

Note 3 - Segment Reporting Information	9 Months Ended
	Mar. 31, 2018
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 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 three nine March 31, 2018 2017. no March 31, 2018 June 30, 2017. Summarized financial information for the Company’s operating segments is provided for the indicated periods and as of March 31, 2018 March 31, 2017: Three Months Ended Nine Months Ended ( In thousands) March 31 March 31 2018 2017 2018 2017 Net Sales: Lighting Segment $ 61,554 $ 61,693 $ 199,156 $ 192,034 Graphics Segment 17,289 16,463 59,458 55,939 $ 78,843 $ 78,156 $ 258,614 $ 247,973 Operating Income (Loss): Lighting Segment $ 2,982 $ 4,120 $ (14,673 ) $ 10,972 Graphics Segment 415 (480 ) 4,146 1,711 Corporate and Eliminations (2,654 ) (4,414 ) (8,997 ) (9,573 ) $ 743 $ (774 ) $ (19,524 ) $ 3,110 Capital Expenditures: Lighting Segment $ 671 $ 299 $ 1,431 $ 1,600 Graphics Segment 300 499 639 1,324 Corporate and Eliminations 17 (8 ) 108 610 $ 988 $ 790 $ 2,178 $ 3,534 Depreciation and Amortization: Lighting Segment $ 1,865 $ 1,446 $ 5,651 $ 3,753 Graphics Segment 378 357 1,141 1,093 Corporate and Eliminations 273 281 848 843 $ 2,516 $ 2,084 $ 7,640 $ 5,689 March 31, 2018 June 30, 2017 Identifiable Assets: Lighting Segment $ 176,564 $ 214,070 Graphics Segment 36,366 33,144 Corporate and Eliminations 15,437 9,466 $ 228,367 $ 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 Nine Months Ended March 31 March 31 (In thousands) 2018 2017 2018 2017 Lighting Segment inter-segment net sales $ 443 $ 433 $ 2,150 $ 1,886 Graphics Segment inter-segment net sales $ 133 $ 216 $ 1,204 $ 1,028 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	9 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 4 The following table presents the amounts used to compute basic and diluted earnings per common share, as well as the effect of dilutive potential common shares on weighted average shares outstanding (in thousands, except per share data): Three Months Ended Nine Months Ended March 31 March 31 2018 2017 2018 2017 BASIC EARNINGS PER SHARE Net (loss) income $ 220 $ (531 ) $ (16,877 ) $ 2,304 Weighted average shares outstanding during the period, net of treasury shares (a) 25,581 25,155 25,546 25,056 Weighted average vested restricted stock units outstanding 49 37 44 37 Weighted average shares outstanding in the Deferred Compensation Plan during the period 245 260 245 253 Weighted average shares outstanding 25,875 25,452 25,835 25,346 Basic (loss) earnings per share $ 0.01 $ (0.02 ) $ (0.65 ) $ 0.09 DILUTED EARNINGS PER SHARE Net (loss) income $ 220 $ (531 ) $ (16,877 ) $ 2,304 Weighted average shares outstanding Basic 25,875 25,452 25,835 25,346 Effect of dilutive securities (b): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 562 -- -- 563 Weighted average shares outstanding (c) 26,437 25,452 25,835 25,909 Diluted (loss) earnings per share $ 0.01 $ (0.02 ) $ (0.65 ) $ 0.09 (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 1,945,348 2,035,332 three March 31, 2018 2017, 3,086,121 1,391,300 nine March 31, 2018 2017, not three nine three March 31, 2017 nine March 31, 2018, not

Note 5 - Inventories

Note 5 - Inventories	9 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 5 The following information is provided as of the dates indicated: March 31, June 30, (In thousands) 2018 2017 Inventories: Raw materials $ 30,987 $ 32,421 Work-in-process 3,417 3,527 Finished goods 17,283 14,060 Total Inventories $ 51,687 $ 50,008

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	9 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE 6 The following information is provided as of the dates indicated: March 31, June 30, (In thousands) 2018 2017 Accrued Expenses: Compensation and benefits $ 8,388 $ 9,759 Customer prepayments 1,636 1,061 Accrued sales commissions 1,886 2,314 Accrued warranty 6,721 7,560 Other accrued expenses 4,825 5,375 Total Accrued Expenses $ 23,456 $ 26,069

Note 7 - Goodwill and Other Int

Note 7 - Goodwill and Other Intangible Assets	9 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 7 The 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 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. 2017 04, 2 not $28,000,000. may As of March 1, 2018, three one $21.4 15% second $16.1 69% $3.3 319% fourth 2018. not 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 March 31, 2018 Goodwill $ 94,564 28,690 123,254 Accumulated impairment losses (65,191 ) (27,525 ) (92,716 ) Goodwill, net as of March 31, 2018 $ 29,373 $ 1,165 $ 30,538 The Company performed its annual review of indefinite-lived intangible assets as of March 1, 2018 no $20.6 604% fourth 2018. not The gross carrying amount and accumulated amortization by major other intangible asset class is as follows: March 31, 2018 Other Intangible Assets Gross (In thousands) Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 35,563 $ 9,496 $ 26,067 Patents 338 210 129 LED technology firmware, software 16,066 11,661 4,404 Trade name 2,658 582 2,076 Non-compete agreements 710 710 -- Total Amortized Intangible Assets 55,335 22,659 32,676 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 $ 22,659 $ 36,098 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 March 31, 2018 March 31, 2017 Three Months Ended $ 691 $ 359 Nine Months Ended $ 2,071 $ 567 The Company expects to record annual amortization expense as follows: (In thousands) 2018 $ 2,760 2019 $ 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	9 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 8 - REVOLVING LINE OF CREDIT In February 2017 $100 third 2022. 125 250 $100 15 March 31, 2018, $45.3 $54.7 The Company is in compliance with all of its loan covenants as of March 31, 2018.

Note 9 - Cash Dividends

Note 9 - Cash Dividends	9 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 9 CASH DIVIDENDS The Company paid cash dividends of $3,845,000 $3,772,000 nine March 31, 2018 2017, $44,946 $24,120 March 31, 2018 2017, April 2018, $0.05 May 15, 2018 May 7, 2018. $0.20

Note 10 - Equity Compensation

Note 10 - Equity Compensation	9 Months Ended
	Mar. 31, 2018
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 2012 2012 Stock option grants may 2017 four one 2018 three one three one 2012 ten The number of shares reserved for issuance under the 2012 1,449,521 March 31, 2018. nine March 31, 2018. March 31, 2018, 3,377,677 2012 one 1,586,881 March 31, 2018, $1,850,418. 21 March 31, 2018, 180,150 $698,571. 27 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 Nine Months Ended March 31 March 31 2018 2017 2018 2017 Dividend yield -- 1.93 % 3.35 % 1.85 % Expected volatility -- 41 % 41 % 42 % Risk-free interest rate -- 1.92 % 1.77 % 1.31 % Expected life (yrs.) -- 6.2 6.0 6.1 At March 31, 2018, 794,537 first nine 2018 $5.92 $6.54 $1.71 $1.96 9.3 9.8 At March 31, 2017, 1,256,623 first nine 2017 $9.48 $11.06 $3.22 $3.83 9.3 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 8.79% January 1, 2018. 2.0% 8.54% January 1, 2013 December 31, 2017. five The Company recorded $202,811 $510,851 three March 31, 2018 2017, $1,328,539 $1,806,860 nine March 31, 2018 2017, March 31, 2018, 2,973,412 $8.35 $2,008,424 7.0 Information related to all stock options for the nine March 31, 2018 2017 Nine Months Ended March 31, 2018 Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding at 6/30/17 3,119,688 $ 9.12 7.4 $ 2,332,224 Granted 794,537 $ 5.98 Forfeitures (493,609 ) $ 11.34 Exercised (42,939 ) $ 6.66 Outstanding at 3/31/18 3,377,677 $ 8.09 7.2 $ 2,837,701 Exercisable at 3/31/18 1,586,881 $ 8.20 5.7 $ 988,080 Nine Months Ended March 31, 2017 Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding at 6/30/16 2,976,490 $ 8.97 6.6 $ 8,338,974 Granted 1,256,623 $ 10.67 Forfeitures (161,812 ) $ 16.17 Exercised (440,146 ) $ 7.39 Outstanding at 3/31/17 3,631,155 $ 9.43 7.4 $ 4,546,991 Exercisable at 3/31/17 1,423,528 $ 8.99 5.3 $ 2,912,714 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 (640,984 ) $ 3.51 Forfeited (204,884 ) $ 3.46 Unvested at March 31, 2018 1,790,796 $ 2.73 The weighted average grant date fair value of options granted during the nine March 31, 2018 2017 $1.73 $3.71, nine March 31, 2018 2017 $39,011 $1,094,696, nine 31, 2018 2017 $988,080 $2,260,014, $285,875 $2,612,578 nine March 31, 2018 2017, first nine 2018 $103,616 $794,756 $92,996 $196,612 twelve In the first nine 2017 $465,521 $138,793 $109,140 $495,175 twelve Restricted Stock Units A total of 91,490 $5.92 nine March 31, 2018. 2018 three one 96,210 $10.84 nine March 31, 2017. 2017 four one $44,946 $24,120 March 31, 2018 2017, The following table presents information related to RSUs: Shares Weighted-Average Grant Date Fair Value Unvested at June 30, 2017 133,335 $ 10.38 Awarded 91,490 $ 5.92 Vested (43,803 ) $ 10.32 Forfeited (7,000 ) $ 10.46 Unvested at March 31, 2018 174,022 $ 8.05 As of March 31, 2018, 180,150 4.81 180,150 March 31, 2018, 170,769 8.3% $88,811 $426,121 three nine March 31, 2018, As of March 31, 2017, 135,585 6.2 135,585 March 31, 2017, 130,316 3.4% $93,905 $486,102 three nine March 31, 2017, Director and Employee Stock Compensation Awards The Company awarded a total of 31,374 31,782 nine March 31, 2018 2017, $234,000 $331,000 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 March 31, 2018 38 229,970 $2,045,189, 257,898 $2,456,875 March 31, 2018 June 30, 2017, 54,360 nine March 31, 2018 not 2017. $106,537 $446,251 15,225 45,335 nine March 31, 2018 2017, The Company’s non-qualified deferred compensation is no September 30, 2017. 2012

Note 11 - Supplemental Cash Flo

Note 11 - Supplemental Cash Flow Information	9 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 11 SUPPLEMENTAL CASH FLOW INFORMATION (In thousands) Nine Months Ended March 31 2018 2017 Cash payments: Interest $ 1,213 $ 66 Income taxes $ 1,556 $ 2,484 Non-cash investing and finance activities: Issuance of common shares as compensation $ 234 $ 331 Issuance of stock warrants -- 575 Issuance of common shares to fund deferred compensation plan $ 354 $ --

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	9 Months Ended
	Mar. 31, 2018
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 The Company may third March 31, 2018, no

Note 13 - Severance Costs

Note 13 - Severance Costs	9 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	NOTE 1 3 – SEVERANCE COSTS The Company recorded severance expense of $91,000 $222,000 nine March 31, 2018 2017, not 14. The activity in the Company’s accrued severance liability is as follows for the periods indicated: Nine Nine Fiscal Months Ended Months Ended Year Ended (In thousands) March 31, March 31, June 30, 2018 2017 2017 Balance at beginning of the period $ 235 $ 39 $ 39 Accrual of expense 91 222 523 Payments (312 ) (235 ) (313 ) Adjustments (14 ) -- (14 ) Balance at end of the period $ 0 $ 26 $ 235

Note 14 - Restructuring Costs

Note 14 - Restructuring Costs	9 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	NOTE 1 4 On September 22, 2016, December 31, 2016. 2017 $944,000. no 2018. $485,000 2017. first 2017 $1,361,000 The Company also announced the consolidation of the Beaverton, Oregon facility into other LSI facilities. The light assembly of products in the Beaverton facility was moved to the Company’s Columbus, Ohio facility, and administration and engineering functions were moved to the Company’s Cincinnati, Ohio facility. This consolidation was completed September 30, 2016. $377,000 2017, In November 2016, December 31, 2016. September 2017. $452,000 2017. Management does not 2018. 2017 2017. The following table presents information about restructuring costs for the periods indicated: Three Nine Months Three Nine Months Months Ended Ended Months Ended Ended (In thousands) March 31, March 31, March 31, March 31, 2018 2018 2017 2017 Severance and other termination benefits $ -- $ -- $ 120 $ 811 Lease obligation -- -- -- 213 Impairment of fixed assets and accelerated depreciation -- -- 1 354 Gain on sale of facility (1,361 ) (1,361 ) Other -- -- 251 347 Total $ -- $ -- $ (989 ) $ 364 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 Nine Months Ended Three Months Ended Nine Months Ended (In thousands) March 31 March 31 March 31 March 31 2018 2018 2017 2017 Cost of Goods Sold -- -- $ 312 $ 1,445 Operating Expenses -- -- (1,301 ) (1,091 ) Total -- -- $ (989 ) $ 364 The following table presents information about restructuring costs by segment for the periods indicated: Three Nine Months Three Nine Months Months Ended Ended Months Ended Ended (In thousands) March 31, March 31, March 31, March 31, 2018 2018 2017 2017 Lighting Segment $ -- $ -- $ (1,186 ) $ (165 ) Graphics Segment -- -- 183 404 Corporate and Eliminations -- -- 14 125 Total $ -- $ -- $ (989 ) $ 364 The above tables do not $432,000 first nine 2017 The following table presents a roll forward of the beginning and ending liability balances related to the restructuring costs: (In thousands) Balance as of June 30, 2017 Restructuring Expense Payments Adjustments Balance as of March 31, 2018 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	9 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 15 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 Act was signed into law on December 22, 2017 21% January 1, 2018. 27.6% 2018, 21% December 31, 2017, one $4,676,578. 2018 27.6%. December 31, 2017. Three Months Ended Nine Months Ended March 31 March 31 2018 2017 2018 2017 Reconciliation to effective tax rate: Provision for income taxes at the anticipated annual tax rate 28.9 % 32.0 % 28.9 % 30.4 % Enactment of tax law changes -- -- (22.8 ) -- Uncertain tax positions 5.4 4.2 0.7 (2.4 ) Difference between deferred and current tax rate related to the impairment of goodwill -- -- 12.3 -- Other -- (2.2 ) -- (1.7 ) Tax impact related to share based compensation 1.6 9.3 (0.5 ) (3.6 ) Effective tax rate 35.9 % 43.3 % 18.6 % 22.7 %

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2018
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 recognized when all products at a customer site have been installed. Revenue from the management of media content and digital hardware related to active digital signage is recognized evenly over the service period with the customer. Media content service periods with most customers range from one one Shipping and handling revenue coincides with the recognition of revenue from sale of the product. In situations where the Company is responsible for re-imaging programs with multiple sites, each site is viewed as a separate unit of accounting and has stand-alone value to the customer. Revenue is recognized upon the Company’s complete performance at the location, which may The Company also evaluates the appropriateness of revenue recognition in accordance with the accounting standards on software revenue recognition. Our solid-state LED video screens and active digital signage contain software elements which the Company has determined are incidental.
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Credit and Collections: The Company maintains allowances for doubtful accounts receivable for probable estimated losses resulting from either customer disputes or the inability of its customers to make required payments. If the financial condition of the Company’s customers were to deteriorate, resulting in their inability to make the required payments, the Company may first The following table presents the Company’s net accounts receivable at the dates indicated. (In thousands) March 31, June 30, 2018 2017 Accounts receivable $ 49,891 $ 49,386 Less: Allowance for doubtful accounts (362 ) (506 ) Accounts receivable, net $ 49,529 $ 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 $250,000. March 31, 2018 June 30, 2017, $4,391,000 $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 $1,825,000 $1,725,000 third 2018 2017, $5,569,000 $5,122,000 first nine 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: Nine Nine Fiscal Months Ended Months Ended Year Ended (In thousands) March 31, March 31, June 30, 2018 2017 2017 Balance at beginning of the period $ 7,560 $ 5,069 $ 5,069 Additions charged to expense 3,813 3,841 4,956 Addition from acquired company -- 907 907 Deductions for repairs and replacements (4,652 ) (2,283 ) (3,372 ) Balance at end of the period $ 6,721 $ 7,534 $ 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 $1,463,000 $1,447,00 three March 31, 2018 2017, $4,404,000 $4,117,000 nine March 31, 2018 2017,
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 856,000 297,000 three March 31, 2018 2017, 289,000 853,000 nine March 31, 2018 2017, 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 (the “Act”) was signed into law on December 22nd, 2017 21% January 1, 2018. 27.6% 2018, 21% December 31, 2017, one $4,676,578.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements: In June 2014, 2014 09, April 2016, 2016 10, May 2016, 2016 12, December 2016, 2016 20, 606, three 2014 09 December 15, 2017, 2019. July 1, 2018 The Company’s assessment efforts to date have included reviewing current accounting policies, processes, and system requirements, as well as assigning internal resources and engaging third not 90% not not In February 2016, 2016 02, December 15, 2018, 2020, not In March 2016, 2016 09, December 15, 2016, 2018. July 1, 2017 $92,996 nine March 31, 2018. may not may July 1, 2017, not no In January 2017, 2017 04, December 15, 2019, 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 On April 23, 2018, fourth 2018 Following the departure of Mr. Wells, the Company’s stock price has declined 20% 25%. may may not
Use of Estimates, Policy [Policy Text Block]	Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.

Note 2 - Summary of Significa22

Note 2 - Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(In thousands) March 31, June 30, 2018 2017 Accounts receivable $ 49,891 $ 49,386 Less: Allowance for doubtful accounts (362 ) (506 ) Accounts receivable, net $ 49,529 $ 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]	Nine Nine Fiscal Months Ended Months Ended Year Ended (In thousands) March 31, March 31, June 30, 2018 2017 2017 Balance at beginning of the period $ 7,560 $ 5,069 $ 5,069 Additions charged to expense 3,813 3,841 4,956 Addition from acquired company -- 907 907 Deductions for repairs and replacements (4,652 ) (2,283 ) (3,372 ) Balance at end of the period $ 6,721 $ 7,534 $ 7,560

Note 3 - Segment Reporting In23

Note 3 - Segment Reporting Information (Tables)	9 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Nine Months Ended ( In thousands) March 31 March 31 2018 2017 2018 2017 Net Sales: Lighting Segment $ 61,554 $ 61,693 $ 199,156 $ 192,034 Graphics Segment 17,289 16,463 59,458 55,939 $ 78,843 $ 78,156 $ 258,614 $ 247,973 Operating Income (Loss): Lighting Segment $ 2,982 $ 4,120 $ (14,673 ) $ 10,972 Graphics Segment 415 (480 ) 4,146 1,711 Corporate and Eliminations (2,654 ) (4,414 ) (8,997 ) (9,573 ) $ 743 $ (774 ) $ (19,524 ) $ 3,110 Capital Expenditures: Lighting Segment $ 671 $ 299 $ 1,431 $ 1,600 Graphics Segment 300 499 639 1,324 Corporate and Eliminations 17 (8 ) 108 610 $ 988 $ 790 $ 2,178 $ 3,534 Depreciation and Amortization: Lighting Segment $ 1,865 $ 1,446 $ 5,651 $ 3,753 Graphics Segment 378 357 1,141 1,093 Corporate and Eliminations 273 281 848 843 $ 2,516 $ 2,084 $ 7,640 $ 5,689
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	March 31, 2018 June 30, 2017 Identifiable Assets: Lighting Segment $ 176,564 $ 214,070 Graphics Segment 36,366 33,144 Corporate and Eliminations 15,437 9,466 $ 228,367 $ 256,680
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Three Months Ended Nine Months Ended March 31 March 31 (In thousands) 2018 2017 2018 2017 Lighting Segment inter-segment net sales $ 443 $ 433 $ 2,150 $ 1,886 Graphics Segment inter-segment net sales $ 133 $ 216 $ 1,204 $ 1,028

Note 4 - Earnings Per Common 24

Note 4 - Earnings Per Common Share (Tables)	9 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended March 31 March 31 2018 2017 2018 2017 BASIC EARNINGS PER SHARE Net (loss) income $ 220 $ (531 ) $ (16,877 ) $ 2,304 Weighted average shares outstanding during the period, net of treasury shares (a) 25,581 25,155 25,546 25,056 Weighted average vested restricted stock units outstanding 49 37 44 37 Weighted average shares outstanding in the Deferred Compensation Plan during the period 245 260 245 253 Weighted average shares outstanding 25,875 25,452 25,835 25,346 Basic (loss) earnings per share $ 0.01 $ (0.02 ) $ (0.65 ) $ 0.09 DILUTED EARNINGS PER SHARE Net (loss) income $ 220 $ (531 ) $ (16,877 ) $ 2,304 Weighted average shares outstanding Basic 25,875 25,452 25,835 25,346 Effect of dilutive securities (b): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 562 -- -- 563 Weighted average shares outstanding (c) 26,437 25,452 25,835 25,909 Diluted (loss) earnings per share $ 0.01 $ (0.02 ) $ (0.65 ) $ 0.09

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	9 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 31, June 30, (In thousands) 2018 2017 Inventories: Raw materials $ 30,987 $ 32,421 Work-in-process 3,417 3,527 Finished goods 17,283 14,060 Total Inventories $ 51,687 $ 50,008

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	9 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	March 31, June 30, (In thousands) 2018 2017 Accrued Expenses: Compensation and benefits $ 8,388 $ 9,759 Customer prepayments 1,636 1,061 Accrued sales commissions 1,886 2,314 Accrued warranty 6,721 7,560 Other accrued expenses 4,825 5,375 Total Accrued Expenses $ 23,456 $ 26,069

Note 7 - Goodwill and Other I27

Note 7 - Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2018
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 March 31, 2018 Goodwill $ 94,564 28,690 123,254 Accumulated impairment losses (65,191 ) (27,525 ) (92,716 ) Goodwill, net as of March 31, 2018 $ 29,373 $ 1,165 $ 30,538
Schedule of Intangible Assets and Goodwill [Table Text Block]	March 31, 2018 Other Intangible Assets Gross (In thousands) Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 35,563 $ 9,496 $ 26,067 Patents 338 210 129 LED technology firmware, software 16,066 11,661 4,404 Trade name 2,658 582 2,076 Non-compete agreements 710 710 -- Total Amortized Intangible Assets 55,335 22,659 32,676 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 $ 22,659 $ 36,098 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 March 31, 2018 March 31, 2017 Three Months Ended $ 691 $ 359 Nine Months Ended $ 2,071 $ 567
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(In thousands) 2018 $ 2,760 2019 $ 2,760 2020 $ 2,687 2021 $ 2,682 2022 $ 2,461 After 2022 $ 21,397

Note 10 - Equity Compensation (

Note 10 - Equity Compensation (Tables)	9 Months Ended
	Mar. 31, 2018
Notes Tables
Stock Warrants, Valuation Assumptions [Table Text Block]	Three Months Ended Nine Months Ended March 31 March 31 2018 2017 2018 2017 Dividend yield -- 1.93 % 3.35 % 1.85 % Expected volatility -- 41 % 41 % 42 % Risk-free interest rate -- 1.92 % 1.77 % 1.31 % Expected life (yrs.) -- 6.2 6.0 6.1
Share-based Compensation, Stock Options, Activity [Table Text Block]	Nine Months Ended March 31, 2018 Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding at 6/30/17 3,119,688 $ 9.12 7.4 $ 2,332,224 Granted 794,537 $ 5.98 Forfeitures (493,609 ) $ 11.34 Exercised (42,939 ) $ 6.66 Outstanding at 3/31/18 3,377,677 $ 8.09 7.2 $ 2,837,701 Exercisable at 3/31/18 1,586,881 $ 8.20 5.7 $ 988,080 Nine Months Ended March 31, 2017 Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding at 6/30/16 2,976,490 $ 8.97 6.6 $ 8,338,974 Granted 1,256,623 $ 10.67 Forfeitures (161,812 ) $ 16.17 Exercised (440,146 ) $ 7.39 Outstanding at 3/31/17 3,631,155 $ 9.43 7.4 $ 4,546,991 Exercisable at 3/31/17 1,423,528 $ 8.99 5.3 $ 2,912,714
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 (640,984 ) $ 3.51 Forfeited (204,884 ) $ 3.46 Unvested at March 31, 2018 1,790,796 $ 2.73
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 Vested (43,803 ) $ 10.32 Forfeited (7,000 ) $ 10.46 Unvested at March 31, 2018 174,022 $ 8.05

Note 11 - Supplemental Cash F29

Note 11 - Supplemental Cash Flow Information (Tables)	9 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	(In thousands) Nine Months Ended March 31 2018 2017 Cash payments: Interest $ 1,213 $ 66 Income taxes $ 1,556 $ 2,484 Non-cash investing and finance activities: Issuance of common shares as compensation $ 234 $ 331 Issuance of stock warrants -- 575 Issuance of common shares to fund deferred compensation plan $ 354 $ --

Note 13 - Severance Costs (Tabl

Note 13 - Severance Costs (Tables)	9 Months Ended
	Mar. 31, 2018
Employee Severance [Member]
Notes Tables
Schedule of Accrued Severance Liability [Table Text Block]	Nine Nine Fiscal Months Ended Months Ended Year Ended (In thousands) March 31, March 31, June 30, 2018 2017 2017 Balance at beginning of the period $ 235 $ 39 $ 39 Accrual of expense 91 222 523 Payments (312 ) (235 ) (313 ) Adjustments (14 ) -- (14 ) Balance at end of the period $ 0 $ 26 $ 235

Note 14 - Restructuring Costs (

Note 14 - Restructuring Costs (Tables)	9 Months Ended
	Mar. 31, 2018
Notes Tables
Restructuring and Related Costs [Table Text Block]	Three Nine Months Three Nine Months Months Ended Ended Months Ended Ended (In thousands) March 31, March 31, March 31, March 31, 2018 2018 2017 2017 Severance and other termination benefits $ -- $ -- $ 120 $ 811 Lease obligation -- -- -- 213 Impairment of fixed assets and accelerated depreciation -- -- 1 354 Gain on sale of facility (1,361 ) (1,361 ) Other -- -- 251 347 Total $ -- $ -- $ (989 ) $ 364
Restructuring and Related Costs, Summary of Costs Incurred by Line Item in the Statement of Operations [Table Text Block]	Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended (In thousands) March 31 March 31 March 31 March 31 2018 2018 2017 2017 Cost of Goods Sold -- -- $ 312 $ 1,445 Operating Expenses -- -- (1,301 ) (1,091 ) Total -- -- $ (989 ) $ 364
Restructuring Costs and Related Costs Incurred by Segment [Table Text Block]	Three Nine Months Three Nine Months Months Ended Ended Months Ended Ended (In thousands) March 31, March 31, March 31, March 31, 2018 2018 2017 2017 Lighting Segment $ -- $ -- $ (1,186 ) $ (165 ) Graphics Segment -- -- 183 404 Corporate and Eliminations -- -- 14 125 Total $ -- $ -- $ (989 ) $ 364
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 March 31, 2018 Severance and termination benefits $ -- $ -- $ -- $ -- $ -- Lease obligation 85 -- (85 ) -- -- Other -- -- -- -- -- Total $ 85 $ -- $ (85 ) $ -- $ --

Note 15 - Income Taxes (Tables)

Note 15 - Income Taxes (Tables)	9 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Three Months Ended Nine Months Ended March 31 March 31 2018 2017 2018 2017 Reconciliation to effective tax rate: Provision for income taxes at the anticipated annual tax rate 28.9 % 32.0 % 28.9 % 30.4 % Enactment of tax law changes -- -- (22.8 ) -- Uncertain tax positions 5.4 4.2 0.7 (2.4 ) Difference between deferred and current tax rate related to the impairment of goodwill -- -- 12.3 -- Other -- (2.2 ) -- (1.7 ) Tax impact related to share based compensation 1.6 9.3 (0.5 ) (3.6 ) Effective tax rate 35.9 % 43.3 % 18.6 % 22.7 %

Note 2 - Summary of Significa33

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended			9 Months Ended		12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Cash, FDIC Insured Amount	$ 250,000			$ 250,000
Cash, Uninsured Amount	4,391,000			4,391,000				$ 4,488,000
Depreciation, Total	1,825,000		$ 1,725,000	5,569,000	$ 5,122,000
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Asset	0			$ 0
Standard Warranty Extended Term for Exceptions				10 years
Research and Development Expense, Total	$ 1,463,000		$ 144,700	$ 4,404,000	$ 4,117,000
Incremental Common Shares Attributable to Dilutive Effect of Contingently Issuable Shares	856,000		297,000	289,000	853,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	28.90%		32.00%	28.90%	30.40%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability		$ 4,676,578
Income Tax Expense (Benefit), Total	$ 123,000		$ (406,000)	$ (3,867,000)	$ 677,000
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit), Total				$ 92,996
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent						21.00%	27.60%
Scenario, Forecast [Member] | Transferred at Point in Time [Member] | Lighting Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax, Percent of Revenue						90.00%
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	Mar. 31, 2018	Jun. 30, 2017
Accounts receivable	$ 49,891	$ 49,386
Less: Allowance for doubtful accounts	(362)	(506)
Accounts receivable, net	$ 49,529	$ 48,880

Note 2 - Summary of Significa35

Note 2 - Summary of Significant Accounting Policies - Estimated Useful Lives of Long-lived Assets (Details)	9 Months Ended
	Mar. 31, 2018
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	9 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2017
Balance at beginning of the period	$ 7,560	$ 5,069	$ 5,069
Additions charged to expense	3,813	3,841	4,956
Addition from acquired company		907	907
Deductions for repairs and replacements	(4,652)	(2,283)	(3,372)
Balance at end of the period	$ 6,721	$ 7,534	$ 7,560

Note 3 - Segment Reporting In37

Note 3 - Segment Reporting Information (Details Textual)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	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		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Net sales	$ 78,843	$ 78,156	$ 258,614	$ 247,973
Operating Income (Loss):
Operating income (loss)	743	(774)	(19,524)	3,110
Capital Expenditures:
Capital expenditures	988	790	2,178	3,534
Depreciation and Amortization:
Depreciation and amortization	2,516	2,084	7,640	5,689
Corporate and Eliminations [Member]
Operating Income (Loss):
Operating income (loss)	(2,654)	(4,414)	(8,997)	(9,573)
Capital Expenditures:
Capital expenditures	17	(8)	108	610
Depreciation and Amortization:
Depreciation and amortization	273	281	848	843
Lighting Segment [Member]
Net sales	61,554	61,693	199,156	192,034
Lighting Segment [Member] | Operating Segments [Member]
Operating Income (Loss):
Operating income (loss)	2,982	4,120	(14,673)	10,972
Capital Expenditures:
Capital expenditures	671	299	1,431	1,600
Depreciation and Amortization:
Depreciation and amortization	1,865	1,446	5,651	3,753
Graphics Segment [Member]
Net sales	17,289	16,463	59,458	55,939
Graphics Segment [Member] | Operating Segments [Member]
Operating Income (Loss):
Operating income (loss)	415	(480)	4,146	1,711
Capital Expenditures:
Capital expenditures	300	499	639	1,324
Depreciation and Amortization:
Depreciation and amortization	$ 378	$ 357	$ 1,141	$ 1,093

Note 3 - Segment Reporting In39

Note 3 - Segment Reporting Information - Identifiable Assets by Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Identifiable Assets:
Identifiable assets	$ 228,367	$ 256,680
Corporate and Eliminations [Member]
Identifiable Assets:
Identifiable assets	15,437	9,466
Lighting Segment [Member] | Operating Segments [Member]
Identifiable Assets:
Identifiable assets	176,564	214,070
Graphics Segment [Member] | Operating Segments [Member]
Identifiable Assets:
Identifiable assets	$ 36,366	$ 33,144

Note 3 - Segment Reporting In40

Note 3 - Segment Reporting Information - Intersegment Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Inter-segment Revenues	$ 78,843	$ 78,156	$ 258,614	$ 247,973
Lighting Segment [Member]
Inter-segment Revenues	61,554	61,693	199,156	192,034
Graphics Segment [Member]
Inter-segment Revenues	17,289	16,463	59,458	55,939
Intersegment Eliminations [Member] | Lighting Segment [Member]
Inter-segment Revenues	443	433	2,150	1,886
Intersegment Eliminations [Member] | Graphics Segment [Member]
Inter-segment Revenues	$ 133	$ 216	$ 1,204	$ 1,028

Note 4 - Earnings Per Common 41

Note 4 - Earnings Per Common Share (Details Textual) - shares	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,945,348	2,035,332	3,086,121	1,391,300

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		9 Months Ended
		Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
BASIC EARNINGS PER SHARE
Net (loss) income		$ 220	$ (531)	$ (16,877)	$ 2,304
Weighted average shares outstanding during the period, net of treasury shares (a) (in shares)	[1]	25,581	25,155	25,546	25,056
Weighted average vested units and shares outstanding (in shares)		245	260	245	253
Weighted average shares outstanding (in shares)		25,875	25,452	25,835	25,346
Basic (loss) earnings per share (in dollars per share)		$ 0.01	$ (0.02)	$ (0.65)	$ 0.09
DILUTED EARNINGS PER SHARE
Net (loss) income		$ 220	$ (531)	$ (16,877)	$ 2,304
Basic (in shares)		25,875	25,452	25,835	25,346
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any (in shares)	[2]	562			563
Weighted average shares outstanding (c) (in shares)	[3]	26,437	25,452	25,835	25,909
Diluted (loss) earnings per share (in dollars per share)		$ 0.01	$ (0.02)	$ (0.65)	$ 0.09
Restricted Stock Units (RSUs) [Member]
BASIC EARNINGS PER SHARE
Weighted average vested units and shares outstanding (in shares)		49	37	44	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 1,945,348 common shares and 1,364,013 common shares for the three months ended March 31, 2018 and 2017, respectively, and options to purchase 3,086,121 common shares and 1,391,300 common shares for the nine months ended March 31, 2018 and 2017, respectively were not included in the computation of the three month and nine 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 months ended in March 31, 2017 and nine months ended March 31, 2018, 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	Mar. 31, 2018	Jun. 30, 2017
Inventories:
Raw materials	$ 30,987	$ 32,421
Work-in-process	3,417	3,527
Finished goods	17,283	14,060
Total Inventories	$ 51,687	$ 50,008

Note 6 - Accrued Expenses - Acc

Note 6 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2016
Accrued Expenses:
Compensation and benefits	$ 8,388	$ 9,759
Customer prepayments	1,636	1,061
Accrued sales commissions	1,886	2,314
Accrued warranty	6,721	7,560	$ 7,534	$ 5,069
Other accrued expenses	4,825	5,375
Total Accrued Expenses	$ 23,456	$ 26,069

Note 7 - Goodwill and Other I45

Note 7 - Goodwill and Other Intangible Assets (Details Textual)	Mar. 01, 2018USD ($)	Mar. 31, 2018USD ($)	Sep. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)
Number of Reporting Units						3
Goodwill, Impairment Loss				$ 479,000		$ 28,000,000	$ 479,000
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 0
Intangible Assets, Indefinite-lived, Amount of Fair Value in Excess of Carrying Amount	$ 20,600,000
Intangible Assets, Indefinite-lived, Percentage of Fair Value in Excess of Carrying Amount	604.00%
Lighting Segment [Member]
Number of Reporting Units						2
Goodwill, Impairment Loss			$ 28,000,000		$ 28,000,000
Good will Impairment Testing Value Above Carrying Value	$ 21,400,000
Good will Impairment Testing Percent Value Above Carrying Value	15.00%
Graphics Segment [Member]
Number of Reporting Units					1
Goodwill, Impairment Loss
Good will Impairment Testing Value Above Carrying Value	$ 3,300,000
Good will Impairment Testing Percent Value Above Carrying Value	319.00%
Second Lighting Segment [Member]
Good will Impairment Testing Value Above Carrying Value	$ 16,100,000
Good will Impairment Testing Percent Value Above Carrying Value	69.00%

Note 7 - Goodwill and Other I46

Note 7 - Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($)	3 Months Ended			6 Months Ended	9 Months Ended
	Mar. 31, 2018	Sep. 30, 2017	Mar. 31, 2017	Dec. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2017
Goodwill, net	$ 30,538,000				$ 30,538,000		$ 58,538,000
Goodwill Impairment			$ (479,000)		(28,000,000)	$ (479,000)
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	Mar. 31, 2018	Jun. 30, 2017
Amortized intangible assets, gross	$ 55,335	$ 55,335
Accumulated amortization	22,659	20,588
Amortized intangible assets, net	32,676	34,747
Indefinite-lived intangible assets, gross	3,422	3,422
Total other intangible assets, gross	58,757	58,757
Other Intangible Assets, net	36,098	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	9,496	7,956
Amortized intangible assets, net	26,067	27,607
Patents [Member]
Amortized intangible assets, gross	338	338
Accumulated amortization	210	186
Amortized intangible assets, net	129	152
Technology-Based Intangible Assets [Member]
Amortized intangible assets, gross	16,066	16,066
Accumulated amortization	11,661	11,237
Amortized intangible assets, net	4,404	4,829
Trade Names [Member]
Amortized intangible assets, gross	2,658	2,658
Accumulated amortization	582	499
Amortized intangible assets, net	2,076	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		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Amortization expense of other intangible assets	$ 691	$ 359	$ 2,071	$ 567

Note 7 - Goodwill and Other I49

Note 7 - Goodwill and Other Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Mar. 31, 2018USD ($)
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
	Feb. 28, 2017	Mar. 31, 2018	Feb. 21, 2017
Long-term Line of Credit, Total		$ 45.3
Line of Credit Facility, Remaining Borrowing Capacity		$ 54.7
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 ($)	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Apr. 30, 2018
Payments of Ordinary Dividends, Common Stock	$ 3,845,000	$ 3,772,000
Dividends Accrued	$ 44,946	$ 24,120
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	9 Months Ended		12 Months Ended		60 Months Ended
	Nov. 30, 2016shares	Mar. 31, 2018USD ($)$ / sharesshares	Mar. 31, 2017USD ($)shares	Dec. 31, 2017	Mar. 31, 2018USD ($)$ / sharesshares	Mar. 31, 2017USD ($)$ / sharesshares	Jun. 30, 2017USD ($)shares	Jun. 30, 2016shares	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term					7 years 73 days	7 years 146 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		1,449,521			1,449,521
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | shares		3,377,677	3,631,155		3,377,677	3,631,155	3,119,688	2,976,490
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number | shares		1,586,881	1,423,528		1,586,881	1,423,528
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total		$ 1,850,418			$ 1,850,418
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition					1 year 270 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares					794,537	1,256,623
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares					$ 5.98	$ 10.67
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares					$ 1.73	$ 3.71
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term					5 years 255 days	5 years 109 days
Share Based Compensation Valuation Assumptions Expected Forfeiture Rate		8.79%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number | shares		2,973,412			2,973,412
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price | $ / shares		$ 8.35			$ 8.35
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value		$ 2,008,424			$ 2,008,424
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term					7 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value					$ 39,011	$ 1,094,696
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Aggregate Grant Date Fair Value					988,080	2,260,014
Proceeds from Stock Options Exercised					285,875	2,612,578
Reduction of Federal Income Taxes Payable Related To Stock Option Exercise					103,616	465,521
Increase (Decrease) In Common Stock Related To Stock Option Exercise					794,756	(138,793)
Increase of Income Tax Expense Related to Stock Option Exercises					92,996
Reduction of Deferred Tax Asset Related to Stock Option Exercises					$ 196,612	495,175
Reduction of Income Tax Expense Related to Stock Option Exercises						$ 109,140
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | shares					31,374	31,782
Stock Issued During Period, Value, Share-based Compensation, Gross					$ 234,000	$ 331,000
Deferred Compensation Plan, Number of Participants		38			38
Treasury Stock, Shares, Ending Balance | shares		229,970			229,970		257,898
Treasury Stock, Value, Ending Balance		$ 2,045,189			$ 2,045,189		$ 2,456,875
Deferred Compensation Arrangement with Individual, Shares Issued | shares					54,360		0
Employee Salary Deferrals or Company Contributions [Member]
Treasury Stock, Value, Acquired, Cost Method					$ 106,537	$ 446,251
Treasury Stock, Shares, Acquired | shares					15,225	45,335
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					9 years 292 days	10 years
Share Based Compensation Valuation Assumptions Expected Forfeiture Rate									8.54%
Minimum [Member]
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares					$ 5.92	$ 9.48
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares					$ 1.71	$ 3.22
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term					9 years 109 days	9 years 109 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, Total		$ 698,571			$ 698,571
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition					2 years 90 days
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number, Ending Balance | shares		180,150	135,585		180,150	135,585
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares						1,256,623
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares					$ 5.92	$ 10.84
Share Based Compensation Valuation Assumptions Expected Forfeiture Rate					8.30%	3.40%
Allocated Share-based Compensation Expense, Total		$ 88,811	$ 93,905		$ 426,121	$ 486,102
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares					91,490	96,210
Dividends, Total					$ 44,946	$ 24,120
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms					4 years 295 days	6 years 73 days
Share-based Compensation Arrangement By Share-based Payment Award, Equity Other Than Options, Vested and Expected To Vest, Outstanding, Number | shares		170,769	130,316		170,769	130,316
Employee Stock Option [Member]
Allocated Share-based Compensation Expense, Total		$ 202,811	$ 510,851		$ 1,328,539	$ 1,806,860
The 2012 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized | shares	1,600,000
Share-based Compensation Arrangement by Share-based Payment Award, Fungible Share Ratio	2.5

Note 10 - Equity Compensation -

Note 10 - Equity Compensation - Weighted Average Assumptions Used to Develop the Fair Value of Stock Options (Details)	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Dividend yield		1.93%	3.35%	1.85%
Expected volatility		41.00%	41.00%	42.00%
Risk-free interest rate		1.92%	1.77%	1.31%
Expected life (yrs.) (Year)		6 years 73 days	6 years	6 years 36 days

Note 10 - Equity Compensation54

Note 10 - Equity Compensation - Stock Options (Details) - USD ($)	9 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2017	Jun. 30, 2016
Outstanding (in shares)	3,119,688	2,976,490	2,976,490
Outstanding (in dollars per share)	$ 9.12	$ 8.97	$ 8.97
Outstanding (Year)	7 years 73 days	7 years 146 days	7 years 146 days	6 years 219 days
Outstanding	$ 2,837,701	$ 4,546,991	$ 2,332,224	$ 8,338,974
Granted (in shares)	794,537	1,256,623
Granted (in dollars per share)	$ 5.98	$ 10.67
Forfeitures (in shares)	(493,609)	(161,812)
Forfeitures (in dollars per share)	$ 11.34	$ 16.17
Exercised (in shares)	(42,939)	(440,146)
Exercised (in dollars per share)	$ 6.66	$ 7.39
Outstanding (in shares)	3,377,677	3,631,155	3,119,688	2,976,490
Outstanding (in dollars per share)	$ 8.09	$ 9.43	$ 9.12	$ 8.97
Exercisable (in shares)	1,586,881	1,423,528
Exercisable (in dollars per share)	$ 8.20	$ 8.99
Exercisable (Year)	5 years 255 days	5 years 109 days
Exercisable	$ 988,080	$ 2,912,714
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	7 years 73 days	7 years 146 days	7 years 146 days	6 years 219 days
Outstanding	$ 2,837,701	$ 4,546,991	$ 2,332,224	$ 8,338,974
Forfeitures (in shares)	(493,609)	(161,812)
Forfeitures (in dollars per share)	$ 11.34	$ 16.17
Exercised (in shares)	(42,939)	(440,146)
Exercised (in dollars per share)	$ 6.66	$ 7.39

Note 10 - Equity Compensation55

Note 10 - Equity Compensation - Summary of Unvested Stock Options (Details) - $ / shares	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Unvested (in shares)	1,842,127
Unvested (in dollars per share)	$ 3.52
Granted (in shares)	794,537	1,256,623
Granted (in dollars per share)	$ 1.73	$ 3.71
Vested (in shares)	(640,984)
Vested (in dollars per share)	$ 3.51
Forfeited (in shares)	(204,884)
Forfeited (in dollars per share)	$ 3.46
Unvested (in shares)	1,790,796
Unvested (in dollars per share)	$ 2.73

Note 10 - Equity Compensation56

Note 10 - Equity Compensation - Summary of Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Unvested (in shares)	133,335
Unvested (in dollars per share)	$ 10.38
Awarded (in shares)	91,490	96,210
Awarded (in dollars per share)	$ 5.92
Vested (in shares)	(43,803)
Vested (in dollars per share)	$ 10.32
Forfeited (in shares)	(7,000)
Forfeited (in dollars per share)	$ 10.46
Unvested (in shares)	174,022
Unvested (in dollars per share)	$ 8.05

Note 11 - Supplemental Cash F57

Note 11 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($)	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash payments:
Interest	$ 1,213,000	$ 66,000
Income taxes	1,556,000	2,484,000
Issuance of common shares as compensation	234,000	331,000
Issuance of stock warrants		575,000
Issuance of common shares to fund deferred compensation plan	$ 354,000

Note 12 - Commitments and Con58

Note 12 - Commitments and Contingencies (Details Textual) $ in Thousands	Mar. 31, 2018USD ($)
Standby Letters of Credit [Member]
Letters of Credit Outstanding, Amount	$ 0

Note 13 - Severance Costs (Deta

Note 13 - Severance Costs (Details Textual) - USD ($)	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Severance Costs	$ 91,000	$ 222,000

Note 13 - Severance Costs - Acc

Note 13 - Severance Costs - Accrued Severance Liability Activity (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2017
Balance at	$ 235	$ 39	$ 39
Accrual of expense	91	222	523
Payments	(312)	(235)	(313)
Adjustments	(14)		(14)
Balance at	$ 0	$ 26	$ 235

Note 14 - Restructuring Costs61

Note 14 - Restructuring Costs (Details Textual) - USD ($)	9 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2017	Dec. 31, 2017
Inventory Write-down	$ 1,762,000	$ 981,000
Gain (Loss) on Disposition of Property Plant Equipment, Total		1,361,000
Restructuring Charges, Total
Closure of Kansas City Facility [Member]
Restructuring and Related Cost, Expected Cost, Total			$ 944,000	$ 0
Inventory Write-down		$ 432,000	485,000
Gain (Loss) on Disposition of Property Plant Equipment, Total			1,361,000
Consolidation of Beaverton, Oregon Facility into Other LSI Facilities [Member]
Restructuring Charges, Total			377,000
Consolidation of Woonsocket, Rhode Island Manufacturing Operation into Its North Canton, Ohio Operation [Member]
Restructuring and Related Cost, Expected Cost, Total			$ 452,000
Restructuring Charges, Total	$ 0

Note 14 - Restructuring Costs -

Note 14 - Restructuring Costs - Summary of Restructuring Costs for the Period (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Restructuring and related costs		$ (989)		$ 364
Severance and Other Termination Benefits [Member]
Restructuring and related costs		120		811
Lease Obligation Restructuring [Member]
Restructuring and related costs				213
Restructuring Impairment of Fixed Assets and Accelerated Depreciation [Member]
Restructuring and related costs		1		354
Facility Closing [Member]
Restructuring and related costs		(1,361)		(1,361)
Other Restructuring [Member]
Restructuring and related costs		$ 251		$ 347

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		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Restructuring and related costs, incurred cost		$ (989)		$ 364
Cost of Goods Sold [Member]
Restructuring and related costs, incurred cost		312		1,445
Operating Expense [Member]
Restructuring and related costs, incurred cost		$ (1,301)		$ (1,091)

Note 14 - Restructuring Costs64

Note 14 - Restructuring Costs - Summary of Restructuring Costs by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Restructuring and related costs, incurred cost		$ (989)		$ 364
Corporate, Non-Segment [Member]
Restructuring and related costs, incurred cost		14		125
Lighting Segment [Member] | Operating Segments [Member]
Restructuring and related costs, incurred cost		(1,186)		(165)
Graphics Segment [Member] | Operating Segments [Member]
Restructuring and related costs, incurred cost		$ 183		$ 404

Note 14 - Restructuring Costs65

Note 14 - Restructuring Costs - Liability Balances Related to Restructuring Costs (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2018USD ($)
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			9 Months Ended		12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2019	Jun. 30, 2018
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	28.90%		32.00%	28.90%	30.40%
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%	27.60%

Note 15 - Income Taxes - Reconc

Note 15 - Income Taxes - Reconciliation of Income Tax Rate (Details)	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Provision for income taxes at the anticipated annual tax rate	28.90%	32.00%	28.90%	30.40%
Enactment of tax law changes			(22.80%)
Uncertain tax positions	5.40%	4.20%	0.70%	(2.40%)
Difference between deferred and current tax rate related to the impairment of goodwill			12.30%
Other		(2.20%)		(1.70%)
Tax impact related to share based compensation	1.60%	9.30%	(0.50%)	(3.60%)
Effective tax rate	35.90%	43.30%	18.60%	22.70%