LSI Industries (LYTS) 10-Q 5 May 20 2020 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Mar. 31, 2020	Apr. 27, 2020
Document Information [Line Items]
Entity Registrant Name	LSI INDUSTRIES INC
Entity Central Index Key	0000763532
Trading Symbol	lyts
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		26,192,949
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Common Stock, no par value

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Net Sales		$ 71,010	$ 72,832	$ 242,088	$ 247,330
Cost of products and services sold		54,834	57,180	183,558	190,207
Restructuring costs		223	261	758	792
Severance costs		11	54	11	77
Gross profit		15,942	15,337	57,761	56,254
Selling and administrative expenses		17,032	17,515	55,045	54,990
Restructuring (gain) costs		(3,729)	107	(8,576)	132
Severance costs		8	(12)	62	457
Impairment of goodwill					20,165
Transition and realignment costs					120
Operating income (loss)		2,631	(2,273)	11,230	(19,610)
Interest (income)		(1)	(6)	(3)	(37)
Interest expense		129	585	795	1,749
Other expense		642	183	633	183
Income (loss) before income taxes		1,861	(3,035)	9,805	(21,505)
Income tax expense (benefit)			133	1,726	(4,304)
Net income (loss)		$ 1,861	$ (3,168)	$ 8,079	$ (17,201)
Earnings (loss) per common share (see Note 4)
Basic (in dollars per share)		$ 0.07	$ (0.12)	$ 0.31	$ (0.66)
Diluted (in dollars per share)		$ 0.07	$ (0.12)	$ 0.31	$ (0.66)
Weighted average common shares outstanding
Basic (in shares)		26,301	26,132	26,250	26,083
Diluted (in shares)	[1]	26,623	26,132	26,423	26,083
[1]	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.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Net income (loss)	$ 1,861	$ (3,168)	$ 8,079	$ (17,201)
Foreign currency translation adjustment	(116)		(110)
Comprehensive Income (Loss)	$ 1,745	$ (3,168)	$ 7,969	$ (17,201)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Current assets
Cash and cash equivalents	$ 820	$ 966
Accounts receivable, less allowance for doubtful accounts of $267 and $879, respectively	45,957	54,728
Inventories	43,597	43,512
Refundable income tax	1,807	882
Asset held for sale		7,512
Other current assets	3,106	3,380
Total current assets	95,287	110,980
Property, Plant and Equipment, at cost
Land	3,933	4,576
Buildings	20,215	27,015
Machinery and equipment	70,733	73,185
Construction in progress	803	455
Property, Plant and Equipment, Gross, Ending Balance	95,684	105,231
Less accumulated depreciation	(70,981)	(73,255)
Net property, plant and equipment	24,703	31,976
Goodwill	10,373	10,373
Other Intangible Assets, net	30,631	32,647
Other Long-Term Assets, net	21,238	15,124
Total assets	182,232	201,100
LIABILITIES & SHAREHOLDERS' EQUITY
Accounts payable	18,772	18,664
Accrued expenses	20,106	21,211
Total current liabilities	38,878	39,875
Long-Term Debt	7,919	39,541
Other Long-Term Liabilities	10,728	1,747
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 26,162,209 and 25,967,275 shares, respectively	126,918	125,729
Treasury shares, without par value	(1,057)	(1,468)
Deferred compensation plan	1,055	1,468
Retained (loss)	(2,115)	(5,808)
Accumulated other comprehensive (loss) income	(94)	16
Total shareholders' equity	124,707	119,937
Total liabilities & shareholders' equity	$ 182,232	$ 201,100

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Allowance for doubtful accounts	$ 267	$ 879
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 shares (in shares)	40,000,000	40,000,000
Common shares, outstanding (in shares)	26,162,209	25,967,275

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock Including Additional Paid in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Treasury Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Key Executive Deferred Compensation [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock Including Additional Paid in Capital [Member]	Treasury Stock [Member]	Key Executive Deferred Compensation [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Jun. 30, 2018							25,884	(242)
Balance at Jun. 30, 2018					$ 591	$ 591	$ 124,104	$ (2,110)	$ 2,133		$ 15,124	$ 139,251
Net income (loss)											(17,201)	(17,201)
Other comprehensive income
Stock compensation awards (in shares)							70
Stock compensation awards							$ 265					265
Restricted stock units issued (in shares)							98
Restricted stock units issued
Shares issued for deferred compensation (in shares)							65
Shares issued for deferred compensation							$ 257					257
Activity of treasury shares, net (in shares)								19
Activity of treasury shares, net								$ 481				481
Deferred stock compensation									(474)			(474)
Stock-based compensation expense							951					951
Dividends — $0.20 per share											(3,882)	(3,882)
Balance (in shares) at Mar. 31, 2019							26,117	(223)
Balance at Mar. 31, 2019							$ 125,577	$ (1,629)	1,659		(5,368)	120,239
Balance (in shares) at Jun. 30, 2019							26,176	(209)
Balance at Jun. 30, 2019					$ (428)	$ (428)	$ 125,729	$ (1,468)	1,468	16	(5,808)	119,937
Net income (loss)											8,079	8,079
Other comprehensive income										(110)		(110)
Stock compensation awards (in shares)							48
Stock compensation awards							$ 225					225
Restricted stock units issued (in shares)							21
Restricted stock units issued
Shares issued for deferred compensation (in shares)							54
Shares issued for deferred compensation							$ 296					296
Activity of treasury shares, net (in shares)								42
Activity of treasury shares, net								$ 411				411
Deferred stock compensation									(413)			(413)
Stock-based compensation expense							494					494
Dividends — $0.20 per share											(3,958)	(3,958)
Stock options exercised, net (in shares)							29
Stock options exercised, net							$ 174					174
Balance (in shares) at Mar. 31, 2020							26,328	(167)
Balance at Mar. 31, 2020							$ 126,918	$ (1,057)	$ 1,055	$ (94)	$ (2,115)	$ 124,707

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Dividend per share (in dollars per share)	$ 0.20	$ 0.20

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash Flows from Operating Activities
Net income (loss)	$ 8,079	$ (17,201)
Non-cash items included in net income (loss)
Depreciation and amortization	6,631	7,787
Deferred income taxes	2,637	(4,077)
Impairment of goodwill		20,165
Deferred compensation plan	296	264
Stock compensation expense	494	951
Issuance of common shares as compensation	225	265
Gain on disposition of fixed assets	(8,510)	(22)
Allowance for doubtful accounts	(105)	505
Inventory obsolescence reserve	1,720	2,574
Changes in certain assets and liabilities
Accounts receivable	8,322	2,902
Inventories	(1,981)	(7,368)
Refundable income taxes	(1,170)	323
Accounts payable	1,015	2,705
Accrued expenses and other	(258)	(4,373)
Customer prepayments	(298)	985
Net cash flows provided by operating activities	17,097	6,385
Cash Flows from Investing Activities
Proceeds from the sale of assets	20,040
Purchases of property, plant and equipment	(1,538)	(2,348)
Net cash flows provided by (used in) investing activities	18,502	(2,348)
Cash Flows from Financing Activities
Payments of long-term debt	(169,671)	(89,489)
Borrowings of long-term debt	138,049	87,941
Cash dividends paid	(3,958)	(3,882)
Shares withheld for employees' taxes	(124)	(99)
Proceeds from stock option exercises	174
Net cash flows used in financing activities	(35,530)	(5,529)
Change related to foreign currency	(215)
Decrease in cash and cash equivalents	(146)	(1,492)
Cash and cash equivalents at beginning of period	966	3,178
Cash and cash equivalents at end of period	$ 820	$ 1,686

Note 1 - Interim Condensed Cons

Note 1 - Interim Condensed Consolidated Financial Statements	9 Months Ended
	Mar. 31, 2020
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, 2020, three nine March 31, 2020 2019, nine March 31, 2020 2019. 2019 10 June 30, 2019

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Consolidation: A summary of the Company’s significant accounting policies is included in Note 1 2019 10 2014 09 606 first 2019 2016 02, first 2020 Revenue Recognition: The Company recognizes revenue when it satisfies the performance obligation in its customer contracts or purchase orders. Most of the Company’s products have a single performance obligation which is satisfied at a point in time when control is transferred to the customer. Control is generally transferred at time of shipment when title and risk of ownership passes to the customer. For customer contracts with multiple performance obligations, the Company allocates the transaction price and any discounts to each performance obligation based on relative standalone selling prices. Payment terms are typically within 30 90 not Installation is a separate performance obligation, except for the Company’s digital signage products. For digital signage products, installation is not not no A number of the Company's Graphics and select lighting products are highly customized for specific customers. As a result, these customized products do not not no ● Customer specific print graphics branding ● Electrical components based on customer specifications ● Digital signage and related media content The Company also offers installation services for its Graphics and select lighting products. Installation revenue is recognized over time as our customer simultaneously receives and consumes the benefits provided through the installation process. For these customized products and installation services, revenue is recognized using a cost-based input method: recognizing revenue and gross profit as work is performed based on the relationship between the actual cost incurred and the total estimated cost for the contract. Disaggregation of Revenue The Company disaggregates the revenue from contracts with customers by the timing of revenue recognition because the Company believes it best depicts the nature, amount, and timing of its revenue and cash flows. The table presents a reconciliation of the disaggregation by reportable segments. Three Months Ended Nine Months Ended (In thousands) March 31, 2020 March 31, 2020 Lighting Segment Graphics Segment Lighting Segment Graphics Segment Timing of revenue recognition Products and services transferred at a point in time $ 43,222 $ 15,093 $ 147,260 $ 50,339 Products and services transferred over time 5,791 6,904 18,380 26,109 $ 49,013 $ 21,997 $ 165,640 $ 76,448 Three Months Ended Nine Months Ended March 31, 2020 March 31, 2020 Lighting Segment Graphics Segment Lighting Segment Graphics Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 42,536 $ 2,234 $ 143,615 $ 13,515 Legacy products 5,949 14,444 20,252 47,155 Turnkey services and other 528 5,319 1,773 15,778 $ 49,013 $ 21,997 $ 165,640 $ 76,448 Legacy products include lighting fixtures utilizing light sources other than LED technology and printed two three Practical Expedients and Exemptions ● The Company’s contracts with customers have an expected duration of one ● Shipping costs that are not ● The Company’s accounts receivable balance represents the Company’s unconditional right to receive payment from its customers with contracts. Payments are generally due within 30 90 not ● The Company collects sales tax and other taxes concurrent with revenue-producing activities which are excluded from revenue. Shipping and handling costs are treated as fulfillment activities and included in cost of products and services sold on the Consolidated Statements of Operations. New Accounting Pronouncements: On July 1, 2018, 2014 09. 606 not June 30, 2018. July 1, 2018 606, not $591,000 July 1, 2018 606, ASC 606 Cumulative Impact (in thousands) Balance as of Balance as of June 30, 2018 Adjustments July 1, 2018 Assets: Accounts receivable, net $ 50,609 $ 4,935 $ 55,544 Inventories, net $ 50,994 $ (4,167 ) $ 46,827 Other long-term assets, net $ 9,786 $ (177 ) $ 9,609 Shareholder's Equity: Retained earnings $ 15,124 $ 591 $ 15,715 In February 2016, 2016 02, December 15, 2018, 2020, July 1, 2019 not not not not twelve The Company’s most significant leases are those relating to certain manufacturing facilities along with a small office space. Besides these real estate leases, most other leases are insignificant and consist of leases related to a vehicle, forklifts, small tooling, and various office equipment. All of the Company’s leases are operating leases and are included in other long-term assets with the corresponding liability in other long-term liabilities. Lease expense is recognized on a straight-line basis over the lease term. The Company used its incremental borrowing rate when determining the present value of lease payments. The adoption of the new lease standard resulted in the recognition of right-of-use assets (ROU assets) of $10.4 $10.8 July 1, 2019 no 15 Subsequent Events: The Company has evaluated subsequent events for potential recognition and disclosure through the date the consolidated financial statements were filed. No In December 2019, 19” January 2020, February 28, 2020, 19 March 11, 2020, 19 As of the date of this filing, the Company’s locations and primary suppliers continue to be operating. However, the broader implications of COVID- 19 may Risk Factors 1A 10 19 .

Note 3 - Segment Reporting Info

Note 3 - Segment Reporting Information	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 3 The accounting guidance on Segment Reporting establishes standards for reporting information regarding operating segments in annual financial statements and requires selected information of those segments to be presented in financial statements. Operating segments are identified as components of an enterprise for which separate discrete financial information is available for evaluation by the chief operating decision maker (the Company’s Chief Executive Officer or “CODM”) in making decisions on how to allocate resources and assess performance. The Company’s two one The Lighting Segment includes outdoor and indoor lighting utilizing both traditional and LED light sources that have been fabricated and assembled for the Company’s markets, primarily petroleum / convenience stores, automotive dealerships, quick-service restaurants, grocery and pharmacy store, and retail/national accounts. The Company also addresses lighting product customers through the commercial, industrial, stock and flow, and renovation channels. 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 expenses, expense related to the Company’s Board of Directors, equity compensation expense for various equity awards 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, 2020 2019. no March 31, 2020 June 30, 2019. Summarized financial information for the Company’s operating segments is provided for the indicated periods and as of March 31, 2020 March 31, 2019: Three Months Ended Nine Months Ended (In thousands) March 31 March 31 2020 2019 2020 2019 Net Sales: Lighting Segment $ 49,013 $ 52,785 $ 165,640 $ 177,871 Graphics Segment 21,997 20,047 76,448 69,459 $ 71,010 $ 72,832 $ 242,088 $ 247,330 Operating Income (Loss): Lighting Segment $ 1,102 $ 691 $ 13,411 $ (13,911 ) Graphics Segment 4,015 (898 ) 6,394 2,350 Corporate and Eliminations (2,486 ) (2,066 ) (8,575 ) (8,049 ) $ 2,631 $ (2,273 ) $ 11,230 $ (19,610 ) Capital Expenditures: Lighting Segment $ 126 $ 769 $ 1,013 $ 1,633 Graphics Segment 234 - 279 515 Corporate and Eliminations 59 - 246 200 $ 419 $ 769 $ 1,538 $ 2,348 Depreciation and Amortization: Lighting Segment $ 1,650 $ 1,925 $ 5,089 $ 5,867 Graphics Segment 347 391 1,107 1,183 Corporate and Eliminations 83 236 435 737 $ 2,080 $ 2,552 $ 6,631 $ 7,787 March 31, June 30, Identifiable Assets: Lighting Segment $ 130,370 $ 142,105 Graphics Segment 35,213 40,914 Corporate and Eliminations 16,649 18,081 $ 182,232 $ 201,100 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% Inter-segment sales Three Months Ended Nine Months Ended (In thousands) March 31 March 31 2020 2019 2020 2019 Lighting Segment inter-segment net sales $ 744 $ 479 $ 2,415 $ 1,758 Graphics Segment inter-segment net sales $ 153 $ 96 $ 251 $ 171 The Company’s operations are located solely within North America. As a result, the geographic distribution of the Company’s net sales and long-lived assets originate within North America.

Note 4 - Earnings Per Common Sh

Note 4 - Earnings Per Common Share	9 Months Ended
	Mar. 31, 2020
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 2020 2019 2020 2019 BASIC EARNINGS PER SHARE Net income (loss) $ 1,861 $ (3,168 ) $ 8,079 $ (17,201 ) Weighted average shares outstanding during the period, net of treasury shares 26,151 25,893 26,087 25,828 Weighted average vested restricted stock units outstanding 6 33 7 40 Weighted average shares outstanding in the Deferred Compensation Plan during the period 144 206 156 215 Weighted average shares outstanding 26,301 26,132 26,250 26,083 Basic income (loss) per share $ 0.07 $ (0.12 ) $ 0.31 $ (0.66 ) DILUTED EARNINGS PER SHARE Net income (loss) $ 1,861 $ (3,168 ) $ 8,079 $ (17,201 ) Weighted average shares outstanding Basic 26,301 26,132 26,250 26,083 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 322 - 173 - Weighted average shares outstanding 26,623 26,132 26,423 26,083 Diluted income (loss) per share $ 0.07 $ (0.12 ) $ 0.31 $ (0.66 ) Anti-dilutive securities (b) 1,875 3,788 2,038 3,702 (a) 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. (b) Anti-dilutive securities were excluded from the computation of diluted net income per share for the three nine March 31, 2020 three nine March 31, 2019, not

Note 5 - Inventories

Note 5 - Inventories	9 Months Ended
	Mar. 31, 2020
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) 2020 2019 Inventories: Raw materials $ 29,457 $ 27,927 Work-in-progress 1,592 2,193 Finished goods 12,548 13,392 Total Inventories $ 43,597 $ 43,512

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	9 Months Ended
	Mar. 31, 2020
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) 2020 2019 Accrued Expenses: Compensation and benefits $ 5,095 $ 5,319 Customer prepayments 1,443 1,768 Accrued sales commissions 1,556 1,301 Accrued warranty 7,464 7,687 Other accrued expenses 4,548 5,136 Total Accrued Expenses $ 20,106 $ 21,211

Note 7 - Goodwill and Other Int

Note 7 - Goodwill and Other Intangible Assets	9 Months Ended
	Mar. 31, 2020
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 not 3 820 may may The Company identified its reporting units in conjunction with its annual goodwill impairment testing. The Company has a total of two one one not As of March 1, 2020, two $31.6 33% $4.7 619% fourth 2020. not A significant decline in the Company’s stock price during March 2020 19 March 1 March 31, 2020 . 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, 2019 Goodwill $ 94,564 $ 28,690 $ 123,254 Accumulated impairment losses (85,356 ) (27,525 ) (112,881 ) Goodwill, net as of June 30, 2019 $ 9,208 $ 1,165 $ 10,373 Balance as of March 31, 2020 Goodwill $ 94,564 $ 28,690 $ 123,254 Accumulated impairment losses (85,356 ) (27,525 ) (112,881 ) Goodwill, net as of March 31, 2020 $ 9,208 $ 1,165 $ 10,373 The Company performed its annual review of indefinite-lived intangible assets as of March 1, 2020 no $16.8 392% fourth 2020. not The following table presents the gross carrying amount and accumulated amortization by each major asset class: Other Intangible Assets March 31, 2020 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 35,563 $ 13,614 $ 21,949 Patents 338 270 68 LED technology firmware, software 16,066 12,731 3,335 Trade name 2,658 801 1,857 Total Amortized Intangible Assets 54,625 27,416 27,209 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 $ 58,047 $ 27,416 $ 30,631 Other Intangible Assets June 30, 2019 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 35,563 $ 12,070 $ 23,493 Patents 338 247 91 LED technology firmware, software 16,066 12,364 3,702 Trade name 2,658 719 1,939 Total Amortized Intangible Assets 54,625 25,400 29,225 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 $ 58,047 $ 25,400 $ 32,647 Three Months Ended Nine Months Ended March 31 March 31 (In thousands) 2020 2019 2020 2019 Amortization Expense of Other Intangible Assets $ 670 $ 691 $ 2,016 $ 2,071 The Company expects to record annual amortization expense as follows: (In thousands) 2020 $ 2,687 2021 $ 2,682 2022 $ 2,459 2023 $ 2,412 2024 $ 2,412 After 2024 $ 16,573

Note 8 - Revolving Line of Cred

Note 8 - Revolving Line of Credit	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 8 - REVOLVING LINE OF CREDIT In February 2019, $75 $100 third 2022. 125 250 125 fourth 2020. $75 20 March 31, 2020, $7.9 $67.1 The Company is in compliance with all of its loan covenants as of March 31, 2020.

Note 9 - Cash Dividends

Note 9 - Cash Dividends	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 9 CASH DIVIDENDS The Company paid cash dividends of $3,958,000 $3,882,000 nine March 31, 2020 2019, $59,077 $40,798 March 31, 2020 2019, April 2020, $0.05 May 12, 2020 May 4, 2020 $0.20

Note 10 - Equity Compensation

Note 10 - Equity Compensation	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	NOTE 10 In November 2019, 2019 “2019 2019 may 2019 2012 “2012 2019 2,650,000 2012 2019 3,812,997, March 31, 2020. 2019 2.5 2019 In the third 2020, 150,000 $6.51. first 2020, 455,429 $3.83 199,310 81,917 $3.83 103,000 $224,000 three March 31, 2020 2019, $494,000 $951,000 nine March 31, 2020 2019,

Note 11 - Supplemental Cash Flo

Note 11 - Supplemental Cash Flow Information	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 1 1 - SUPPLEMENTAL CASH FLOW INFORMATION Nine Months Ended (In thousands) March 31 2020 2019 Cash Payments: Interest $ 889 $ 1,669 Income taxes $ 8 $ 3 Non-cash investing and financing activities Issuance of common shares as compensation $ 225 $ 265 Issuance of common shares to fund deferred compensation plan $ 296 $ 257

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	9 Months Ended
	Mar. 31, 2020
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, 2020, no

Note 13 - Severance Costs

Note 13 - Severance Costs	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	NOTE 1 3 – SEVERANCE COSTS The activity in the Company’s accrued severance liability is as follows for the periods indicated: Nine Months Nine Months Fiscal Year Ended Ended Ended March 31, March 31, June 30, (In thousands) 2020 2019 2019 Balance at beginning of period $ 1,134 $ 1,772 $ 1,772 Accrual of expense 73 534 560 Payments (481 ) (956 ) (1,198 ) Balance at end of period $ 726 $ 1,350 $ 1,134 Of the total $726,000 March 31, 2020, $612,000 twelve $114,000

Note 14 - Restructuring Costs

Note 14 - Restructuring Costs	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	NOTE 1 4 – RESTRUCTURING COSTS In the first 2020, $12.3 $4.8 first 2020 Restructuring costs incurred in the second 2020 In the third 2020, $7.7 $3.7 third 2020 fourth 2020. $451,000 not Total restructuring costs were $235,000 $744,000 three nine March 31, 2020, The following table presents information about restructuring costs for the periods indicated: Three Months Ended Nine Months Ended March 31 March 31 (In thousands) 2020 2019 2020 2019 Severance benefits $ - $ 263 $ - $ 484 Impairment of fixed assets and accelerated depreciation - - 49 228 Facility repairs - 52 - 99 Gain on sale of facility (3,741 ) - (8,562 ) - Exit costs 235 53 419 113 Manufacturing realignment costs - - 276 - Total $ (3,506 ) $ 368 $ (7,818 ) $ 924 The following table presents a roll forward of the beginning and ending liability balances related to the restructuring costs: Balance as of Balance as of June 30, Restructuring March 31, (In thousands) 2019 Expense Payments Adjustments 2020 Severance and termination benefits $ 236 $ - $ (209 ) $ - $ 27 Other restructuring costs - 695 (695 ) - $ - Total $ 236 $ 695 $ (904 ) $ - $ 27

Note 15 - Leases

Note 15 - Leases	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE 15 The Company leases certain manufacturing facilities along with a small office space, a company vehicle, several forklifts, several small tooling items, and various items of office equipment. All of the Company’s leases are operating leases and are included in other long-term assets with the corresponding liability in other long-term liabilities. Leases have a remaining term of 1 5 not not The Company has periodically entered into short-term operating leases with an initial term of twelve not three nine March 31, 2020, The Company has certain leases that contain lease and non-lease components and has elected to utilize the practical expedient to account for these components together as a single lease component. Lease expense is recognized on a straight-line basis over the lease term. The Company used its incremental borrowing rate when determining the present value of lease payments. The adoption of the new lease standard resulted in the recognition of right-of-use assets (ROU assets) of $10.4 $10.8 July 1, 2019 no Three months ended Nine months ended (In thousands) March 31, 2020 March 31, 2020 Operating lease cost $ 574 $ 1,736 Supplemental Cash Flow Information: Nine months ended (In thousands) March 31, 2020 Operating cash flows from operating leases Fixed payments 1,707 Liability reduction 1,334 Operating Leases: At March 31, 2020 Total operating right-of-use asset (Other long-term assets) 9,050 Accrued expenses (Current liabilities) 362 Long-term operating lease liability (Other long-term liabilities) 9,440 9,802 Weighted Average remaining Lease Term (in years) 4.81 Weighted Average Discount Rate 4.85 % Maturities of Lease Liability: 2020 955 2021 2,303 2022 2,279 2023 2,244 2024 1,917 Thereafter 1,683 Total lease payments 11,381 Less: Interest (1,579 ) Present Value of Lease Liabilities 9,802

Note 16 - Income Taxes

Note 16 - Income Taxes	9 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 1 6 – INCOME TAXES The Company's effective income tax rate is based on expected income, statutory rates and tax planning opportunities available in the various jurisdictions in which it operates. For interim financial reporting, the Company estimates the annual income tax rate based on projected taxable income for the full year and records a quarterly income tax provision or benefit in accordance with the anticipated annual rate. The Company refines the estimates of the year's taxable income 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 Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law in March 2020. $0.3 third 2020. third 2020 $3.7 In the first 2020, $4.8 $864,000 In the second 2019, $4.8 Three Months Ended Nine Months Ended March 31 March 31 2020 2019 2020 2019 Reconciliation of effective tax rate: Provision for income taxes at the anticipated annual tax rate 10.8 % (0.7 )% 16.7 % 13.6 % Uncertain tax positions 1.5 (0.1 ) (0.3 ) 0.6 Deferred income tax adjustments (16.7 ) - (2.5 ) 6.7 Shared-based compensation 4.4 (3.6 ) 3.7 (0.9 ) Effective tax rate - % (4.4 )% 17.6 % 20.0 %

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Consolidation: A summary of the Company’s significant accounting policies is included in Note 1 2019 10 2014 09 606 first 2019 2016 02, first 2020
Revenue [Policy Text Block]	Revenue Recognition: The Company recognizes revenue when it satisfies the performance obligation in its customer contracts or purchase orders. Most of the Company’s products have a single performance obligation which is satisfied at a point in time when control is transferred to the customer. Control is generally transferred at time of shipment when title and risk of ownership passes to the customer. For customer contracts with multiple performance obligations, the Company allocates the transaction price and any discounts to each performance obligation based on relative standalone selling prices. Payment terms are typically within 30 90 not Installation is a separate performance obligation, except for the Company’s digital signage products. For digital signage products, installation is not not no A number of the Company's Graphics and select lighting products are highly customized for specific customers. As a result, these customized products do not not no ● Customer specific print graphics branding ● Electrical components based on customer specifications ● Digital signage and related media content The Company also offers installation services for its Graphics and select lighting products. Installation revenue is recognized over time as our customer simultaneously receives and consumes the benefits provided through the installation process. For these customized products and installation services, revenue is recognized using a cost-based input method: recognizing revenue and gross profit as work is performed based on the relationship between the actual cost incurred and the total estimated cost for the contract. Disaggregation of Revenue The Company disaggregates the revenue from contracts with customers by the timing of revenue recognition because the Company believes it best depicts the nature, amount, and timing of its revenue and cash flows. The table presents a reconciliation of the disaggregation by reportable segments. Three Months Ended Nine Months Ended (In thousands) March 31, 2020 March 31, 2020 Lighting Segment Graphics Segment Lighting Segment Graphics Segment Timing of revenue recognition Products and services transferred at a point in time $ 43,222 $ 15,093 $ 147,260 $ 50,339 Products and services transferred over time 5,791 6,904 18,380 26,109 $ 49,013 $ 21,997 $ 165,640 $ 76,448 Three Months Ended Nine Months Ended March 31, 2020 March 31, 2020 Lighting Segment Graphics Segment Lighting Segment Graphics Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 42,536 $ 2,234 $ 143,615 $ 13,515 Legacy products 5,949 14,444 20,252 47,155 Turnkey services and other 528 5,319 1,773 15,778 $ 49,013 $ 21,997 $ 165,640 $ 76,448 Legacy products include lighting fixtures utilizing light sources other than LED technology and printed two three Practical Expedients and Exemptions ● The Company’s contracts with customers have an expected duration of one ● Shipping costs that are not ● The Company’s accounts receivable balance represents the Company’s unconditional right to receive payment from its customers with contracts. Payments are generally due within 30 90 not ● The Company collects sales tax and other taxes concurrent with revenue-producing activities which are excluded from revenue. Shipping and handling costs are treated as fulfillment activities and included in cost of products and services sold on the Consolidated Statements of Operations.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements: On July 1, 2018, 2014 09. 606 not June 30, 2018. July 1, 2018 606, not $591,000 July 1, 2018 606, ASC 606 Cumulative Impact (in thousands) Balance as of Balance as of June 30, 2018 Adjustments July 1, 2018 Assets: Accounts receivable, net $ 50,609 $ 4,935 $ 55,544 Inventories, net $ 50,994 $ (4,167 ) $ 46,827 Other long-term assets, net $ 9,786 $ (177 ) $ 9,609 Shareholder's Equity: Retained earnings $ 15,124 $ 591 $ 15,715 In February 2016, 2016 02, December 15, 2018, 2020, July 1, 2019 not not not not twelve The Company’s most significant leases are those relating to certain manufacturing facilities along with a small office space. Besides these real estate leases, most other leases are insignificant and consist of leases related to a vehicle, forklifts, small tooling, and various office equipment. All of the Company’s leases are operating leases and are included in other long-term assets with the corresponding liability in other long-term liabilities. Lease expense is recognized on a straight-line basis over the lease term. The Company used its incremental borrowing rate when determining the present value of lease payments. The adoption of the new lease standard resulted in the recognition of right-of-use assets (ROU assets) of $10.4 $10.8 July 1, 2019 no 15
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 In December 2019, 19” January 2020, February 28, 2020, 19 March 11, 2020, 19 As of the date of this filing, the Company’s locations and primary suppliers continue to be operating. However, the broader implications of COVID- 19 may Risk Factors 1A 10 19 .

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended Nine Months Ended (In thousands) March 31, 2020 March 31, 2020 Lighting Segment Graphics Segment Lighting Segment Graphics Segment Timing of revenue recognition Products and services transferred at a point in time $ 43,222 $ 15,093 $ 147,260 $ 50,339 Products and services transferred over time 5,791 6,904 18,380 26,109 $ 49,013 $ 21,997 $ 165,640 $ 76,448 Three Months Ended Nine Months Ended March 31, 2020 March 31, 2020 Lighting Segment Graphics Segment Lighting Segment Graphics Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 42,536 $ 2,234 $ 143,615 $ 13,515 Legacy products 5,949 14,444 20,252 47,155 Turnkey services and other 528 5,319 1,773 15,778 $ 49,013 $ 21,997 $ 165,640 $ 76,448
Accounting Standards Update and Change in Accounting Principle [Table Text Block]	ASC 606 Cumulative Impact (in thousands) Balance as of Balance as of June 30, 2018 Adjustments July 1, 2018 Assets: Accounts receivable, net $ 50,609 $ 4,935 $ 55,544 Inventories, net $ 50,994 $ (4,167 ) $ 46,827 Other long-term assets, net $ 9,786 $ (177 ) $ 9,609 Shareholder's Equity: Retained earnings $ 15,124 $ 591 $ 15,715

Note 3 - Segment Reporting In_2

Note 3 - Segment Reporting Information (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Nine Months Ended (In thousands) March 31 March 31 2020 2019 2020 2019 Net Sales: Lighting Segment $ 49,013 $ 52,785 $ 165,640 $ 177,871 Graphics Segment 21,997 20,047 76,448 69,459 $ 71,010 $ 72,832 $ 242,088 $ 247,330 Operating Income (Loss): Lighting Segment $ 1,102 $ 691 $ 13,411 $ (13,911 ) Graphics Segment 4,015 (898 ) 6,394 2,350 Corporate and Eliminations (2,486 ) (2,066 ) (8,575 ) (8,049 ) $ 2,631 $ (2,273 ) $ 11,230 $ (19,610 ) Capital Expenditures: Lighting Segment $ 126 $ 769 $ 1,013 $ 1,633 Graphics Segment 234 - 279 515 Corporate and Eliminations 59 - 246 200 $ 419 $ 769 $ 1,538 $ 2,348 Depreciation and Amortization: Lighting Segment $ 1,650 $ 1,925 $ 5,089 $ 5,867 Graphics Segment 347 391 1,107 1,183 Corporate and Eliminations 83 236 435 737 $ 2,080 $ 2,552 $ 6,631 $ 7,787
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	March 31, June 30, Identifiable Assets: Lighting Segment $ 130,370 $ 142,105 Graphics Segment 35,213 40,914 Corporate and Eliminations 16,649 18,081 $ 182,232 $ 201,100
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Inter-segment sales Three Months Ended Nine Months Ended (In thousands) March 31 March 31 2020 2019 2020 2019 Lighting Segment inter-segment net sales $ 744 $ 479 $ 2,415 $ 1,758 Graphics Segment inter-segment net sales $ 153 $ 96 $ 251 $ 171

Note 4 - Earnings Per Common _2

Note 4 - Earnings Per Common Share (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended March 31 March 31 2020 2019 2020 2019 BASIC EARNINGS PER SHARE Net income (loss) $ 1,861 $ (3,168 ) $ 8,079 $ (17,201 ) Weighted average shares outstanding during the period, net of treasury shares 26,151 25,893 26,087 25,828 Weighted average vested restricted stock units outstanding 6 33 7 40 Weighted average shares outstanding in the Deferred Compensation Plan during the period 144 206 156 215 Weighted average shares outstanding 26,301 26,132 26,250 26,083 Basic income (loss) per share $ 0.07 $ (0.12 ) $ 0.31 $ (0.66 ) DILUTED EARNINGS PER SHARE Net income (loss) $ 1,861 $ (3,168 ) $ 8,079 $ (17,201 ) Weighted average shares outstanding Basic 26,301 26,132 26,250 26,083 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 322 - 173 - Weighted average shares outstanding 26,623 26,132 26,423 26,083 Diluted income (loss) per share $ 0.07 $ (0.12 ) $ 0.31 $ (0.66 ) Anti-dilutive securities (b) 1,875 3,788 2,038 3,702

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 31, June 30, (In thousands) 2020 2019 Inventories: Raw materials $ 29,457 $ 27,927 Work-in-progress 1,592 2,193 Finished goods 12,548 13,392 Total Inventories $ 43,597 $ 43,512

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	March 31, June 30, (In thousands) 2020 2019 Accrued Expenses: Compensation and benefits $ 5,095 $ 5,319 Customer prepayments 1,443 1,768 Accrued sales commissions 1,556 1,301 Accrued warranty 7,464 7,687 Other accrued expenses 4,548 5,136 Total Accrued Expenses $ 20,106 $ 21,211

Note 7 - Goodwill and Other I_2

Note 7 - Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Goodwill [Table Text Block]	Goodwill (In thousands) Lighting Graphics Segment Segment Total Balance as of June 30, 2019 Goodwill $ 94,564 $ 28,690 $ 123,254 Accumulated impairment losses (85,356 ) (27,525 ) (112,881 ) Goodwill, net as of June 30, 2019 $ 9,208 $ 1,165 $ 10,373 Balance as of March 31, 2020 Goodwill $ 94,564 $ 28,690 $ 123,254 Accumulated impairment losses (85,356 ) (27,525 ) (112,881 ) Goodwill, net as of March 31, 2020 $ 9,208 $ 1,165 $ 10,373
Schedule of Intangible Assets and Goodwill [Table Text Block]	Other Intangible Assets March 31, 2020 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 35,563 $ 13,614 $ 21,949 Patents 338 270 68 LED technology firmware, software 16,066 12,731 3,335 Trade name 2,658 801 1,857 Total Amortized Intangible Assets 54,625 27,416 27,209 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 $ 58,047 $ 27,416 $ 30,631 Other Intangible Assets June 30, 2019 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 35,563 $ 12,070 $ 23,493 Patents 338 247 91 LED technology firmware, software 16,066 12,364 3,702 Trade name 2,658 719 1,939 Total Amortized Intangible Assets 54,625 25,400 29,225 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 $ 58,047 $ 25,400 $ 32,647
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	Three Months Ended Nine Months Ended March 31 March 31 (In thousands) 2020 2019 2020 2019 Amortization Expense of Other Intangible Assets $ 670 $ 691 $ 2,016 $ 2,071
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(In thousands) 2020 $ 2,687 2021 $ 2,682 2022 $ 2,459 2023 $ 2,412 2024 $ 2,412 After 2024 $ 16,573

Note 11 - Supplemental Cash F_2

Note 11 - Supplemental Cash Flow Information (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Nine Months Ended (In thousands) March 31 2020 2019 Cash Payments: Interest $ 889 $ 1,669 Income taxes $ 8 $ 3 Non-cash investing and financing activities Issuance of common shares as compensation $ 225 $ 265 Issuance of common shares to fund deferred compensation plan $ 296 $ 257

Note 13 - Severance Costs (Tabl

Note 13 - Severance Costs (Tables)	9 Months Ended
	Mar. 31, 2020
Employee Severance [Member]
Notes Tables
Schedule of Accrued Severance Liability [Table Text Block]	Nine Months Nine Months Fiscal Year Ended Ended Ended March 31, March 31, June 30, (In thousands) 2020 2019 2019 Balance at beginning of period $ 1,134 $ 1,772 $ 1,772 Accrual of expense 73 534 560 Payments (481 ) (956 ) (1,198 ) Balance at end of period $ 726 $ 1,350 $ 1,134

Note 14 - Restructuring Costs (

Note 14 - Restructuring Costs (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Restructuring and Related Costs [Table Text Block]	Three Months Ended Nine Months Ended March 31 March 31 (In thousands) 2020 2019 2020 2019 Severance benefits $ - $ 263 $ - $ 484 Impairment of fixed assets and accelerated depreciation - - 49 228 Facility repairs - 52 - 99 Gain on sale of facility (3,741 ) - (8,562 ) - Exit costs 235 53 419 113 Manufacturing realignment costs - - 276 - Total $ (3,506 ) $ 368 $ (7,818 ) $ 924
Schedule of Liability Balances Related to Restructuring Costs [Table Text Block]	Balance as of Balance as of June 30, Restructuring March 31, (In thousands) 2019 Expense Payments Adjustments 2020 Severance and termination benefits $ 236 $ - $ (209 ) $ - $ 27 Other restructuring costs - 695 (695 ) - $ - Total $ 236 $ 695 $ (904 ) $ - $ 27

Note 15 - Leases (Tables)

Note 15 - Leases (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Lease, Cost [Table Text Block]	Three months ended Nine months ended (In thousands) March 31, 2020 March 31, 2020 Operating lease cost $ 574 $ 1,736 Supplemental Cash Flow Information: Nine months ended (In thousands) March 31, 2020 Operating cash flows from operating leases Fixed payments 1,707 Liability reduction 1,334 Operating Leases: At March 31, 2020 Total operating right-of-use asset (Other long-term assets) 9,050 Accrued expenses (Current liabilities) 362 Long-term operating lease liability (Other long-term liabilities) 9,440 9,802 Weighted Average remaining Lease Term (in years) 4.81 Weighted Average Discount Rate 4.85 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Maturities of Lease Liability: 2020 955 2021 2,303 2022 2,279 2023 2,244 2024 1,917 Thereafter 1,683 Total lease payments 11,381 Less: Interest (1,579 ) Present Value of Lease Liabilities 9,802

Note 16 - Income Taxes (Tables)

Note 16 - Income Taxes (Tables)	9 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Three Months Ended Nine Months Ended March 31 March 31 2020 2019 2020 2019 Reconciliation of effective tax rate: Provision for income taxes at the anticipated annual tax rate 10.8 % (0.7 )% 16.7 % 13.6 % Uncertain tax positions 1.5 (0.1 ) (0.3 ) 0.6 Deferred income tax adjustments (16.7 ) - (2.5 ) 6.7 Shared-based compensation 4.4 (3.6 ) 3.7 (0.9 ) Effective tax rate - % (4.4 )% 17.6 % 20.0 %

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	Mar. 31, 2020	Jul. 01, 2019	Jun. 30, 2019	Mar. 31, 2019	Jul. 01, 2018	Jun. 30, 2018
Cumulative Effect on Retained Earnings, Net of Tax, Total	$ 124,707,000		$ 119,937,000	$ 120,239,000		$ 139,251,000
Operating Lease, Right-of-Use Asset	9,050,000
Operating Lease, Liability, Total	9,802,000
Retained Earnings [Member]
Cumulative Effect on Retained Earnings, Net of Tax, Total	$ (2,115,000)		(5,808,000)	$ (5,368,000)		15,124,000
Cumulative Effect, Period of Adoption, Adjustment [Member]
Cumulative Effect on Retained Earnings, Net of Tax, Total			(428,000)			591,000
Cumulative Effect, Period of Adoption, Adjustment [Member] | Retained Earnings [Member]
Cumulative Effect on Retained Earnings, Net of Tax, Total			$ (428,000)			$ 591,000
Accounting Standards Update 2014-09 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Retained Earnings [Member]
Cumulative Effect on Retained Earnings, Net of Tax, Total					$ 591,000
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset		$ 10,400,000
Operating Lease, Liability, Total		$ 10,800,000

Note 2 - Summary of Significa_4

Note 2 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Revenue	$ 71,010	$ 72,832	$ 242,088	$ 247,330
Lighting Segment [Member]
Revenue	49,013	52,785	165,640	177,871
Lighting Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Revenue	42,536		143,615
Lighting Segment [Member] | Legacy Products [Member]
Revenue	5,949		20,252
Lighting Segment [Member] | Turnkey Services and Other [Member]
Revenue	528		1,773
Graphics Segment [Member]
Revenue	21,997	$ 20,047	76,448	$ 69,459
Graphics Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Revenue	2,234		13,515
Graphics Segment [Member] | Legacy Products [Member]
Revenue	14,444		47,155
Graphics Segment [Member] | Turnkey Services and Other [Member]
Revenue	5,319		15,778
Transferred at Point in Time [Member] | Lighting Segment [Member]
Revenue	43,222		147,260
Transferred at Point in Time [Member] | Graphics Segment [Member]
Revenue	15,093		50,339
Transferred over Time [Member] | Lighting Segment [Member]
Revenue	5,791		18,380
Transferred over Time [Member] | Graphics Segment [Member]
Revenue	$ 6,904		$ 26,109

Note 2 - Summary of Significa_5

Note 2 - Summary of Significant Accounting Policies - New Accounting Pronouncements (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019	Jul. 01, 2018	Jun. 30, 2018
Accounts receivable, net	$ 45,957	$ 54,728	$ 55,544	$ 50,609
Inventories, net	43,597	43,512	46,827	50,994
Other long-term assets, net	21,238	15,124	9,609	9,786
Retained earnings	$ (2,115)	$ (5,808)	15,715	$ 15,124
Revision of Prior Period, Adjustment [Member]
Accounts receivable, net			4,935
Inventories, net			(4,167)
Other long-term assets, net			(177)
Retained earnings			$ 591

Note 3 - Segment Reporting In_3

Note 3 - Segment Reporting Information (Details Textual)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Number of Operating Segments			2
Intersegment Revenue Markup Percentage			10.00%
Revenue Benchmark [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 In_4

Note 3 - Segment Reporting Information - Summarized Financial Information by Reportable Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Net Sales	$ 71,010	$ 72,832	$ 242,088	$ 247,330
Operating income (loss)	2,631	(2,273)	11,230	(19,610)
Capital expenditures	419	769	1,538	2,348
Depreciation and amortization	2,080	2,552	6,631	7,787
Corporate and Eliminations [Member]
Operating income (loss)	(2,486)	(2,066)	(8,575)	(8,049)
Capital expenditures	59		246	200
Depreciation and amortization	83	236	435	737
Lighting Segment [Member]
Net Sales	49,013	52,785	165,640	177,871
Lighting Segment [Member] | Operating Segments [Member]
Operating income (loss)	1,102	691	13,411	(13,911)
Capital expenditures	126	769	1,013	1,633
Depreciation and amortization	1,650	1,925	5,089	5,867
Graphics Segment [Member]
Net Sales	21,997	20,047	76,448	69,459
Graphics Segment [Member] | Operating Segments [Member]
Operating income (loss)	4,015	(898)	6,394	2,350
Capital expenditures	234		279	515
Depreciation and amortization	$ 347	$ 391	$ 1,107	$ 1,183

Note 3 - Segment Reporting In_5

Note 3 - Segment Reporting Information - Identifiable Assets by Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Identifiable assets	$ 182,232	$ 201,100
Corporate and Eliminations [Member]
Identifiable assets	16,649	18,081
Lighting Segment [Member] | Operating Segments [Member]
Identifiable assets	130,370	142,105
Graphics Segment [Member] | Operating Segments [Member]
Identifiable assets	$ 35,213	$ 40,914

Note 3 - Segment Reporting In_6

Note 3 - Segment Reporting Information - Intersegment Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Inter-segment Revenues	$ 71,010	$ 72,832	$ 242,088	$ 247,330
Lighting Segment [Member]
Inter-segment Revenues	49,013	52,785	165,640	177,871
Graphics Segment [Member]
Inter-segment Revenues	21,997	20,047	76,448	69,459
Intersegment Eliminations [Member] | Lighting Segment [Member]
Inter-segment Revenues	744	479	2,415	1,758
Intersegment Eliminations [Member] | Graphics Segment [Member]
Inter-segment Revenues	$ 153	$ 96	$ 251	$ 171

Note 4 - Earnings Per Common _3

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, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
BASIC EARNINGS PER SHARE
Net income (loss)		$ 1,861	$ (3,168)	$ 8,079	$ (17,201)
Weighted average shares outstanding during the period, net of treasury shares (in shares)	[1]	26,151	25,893	26,087	25,828
Weighted average vested restricted stock units outstanding (in shares)		144	206	156	215
Weighted average shares outstanding (in shares)		26,301	26,132	26,250	26,083
Basic income (loss) per share (in dollars per share)		$ 0.07	$ (0.12)	$ 0.31	$ (0.66)
Basic (in shares)		26,301	26,132	26,250	26,083
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any (in shares)	[1]	322		173
Weighted average shares outstanding (in shares)	[1]	26,623	26,132	26,423	26,083
Diluted income (loss) per share (in dollars per share)		$ 0.07	$ (0.12)	$ 0.31	$ (0.66)
Anti-dilutive securities (b) (in shares)	[2]	1,875	3,788	2,038	3,702
Restricted Stock Units (RSUs) [Member]
BASIC EARNINGS PER SHARE
Weighted average vested restricted stock units outstanding (in shares)		6	33	7	40
[1]	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.
[2]	Anti-dilutive securities were excluded from the computation of diluted net income per share for the three and nine months ended March 31, 2020 because the exercise price was greater than the average fair market price of the common shares or because the assumed proceeds from the awards exercise or vesting was greater than the average fair market price of the common shares. For the three and nine months ended March 31, 2019, the effect of dilutive securities was not included in the calculation of diluted loss per share because there was a net loss for the period.

Note 5 - Inventories - Inventor

Note 5 - Inventories - Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019	Jul. 01, 2018	Jun. 30, 2018
Inventories:
Raw materials	$ 29,457	$ 27,927
Work-in-progress	1,592	2,193
Finished goods	12,548	13,392
Total Inventories	$ 43,597	$ 43,512	$ 46,827	$ 50,994

Note 6 - Accrued Expenses - Acc

Note 6 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Accrued Expenses:
Compensation and benefits	$ 5,095	$ 5,319
Customer prepayments	1,443	1,768
Accrued sales commissions	1,556	1,301
Accrued warranty	7,464	7,687
Other accrued expenses	4,548	5,136
Total Accrued Expenses	$ 20,106	$ 21,211

Note 7 - Goodwill and Other I_3

Note 7 - Goodwill and Other Intangible Assets (Details Textual) $ in Thousands	Mar. 01, 2020USD ($)	Mar. 31, 2020
Number of Reporting Units		2
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 0
Intangible Assets, Indefinite-lived, Amount of Fair Value in Excess of Carrying Amount	$ 16,800
Intangible Assets, Indefinite-lived, Percentage of Fair Value in Excess of Carrying Amount	392.00%
Lighting Segment [Member]
Number of Reporting Units		1
Good will Impairment Testing Value Above Carrying Value	$ 31,600
Good will Impairment Testing Percent Value Above Carrying Value	33.00%
Graphics Segment [Member]
Number of Reporting Units		1
Good will Impairment Testing Value Above Carrying Value	$ 4,700
Good will Impairment Testing Percent Value Above Carrying Value	619.00%

Note 7 - Goodwill and Other I_4

Note 7 - Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Goodwill	$ 123,254	$ 123,254
Accumulated impairment losses	(112,881)	(112,881)
Goodwill, net	10,373	10,373
Lighting Segment [Member]
Goodwill	94,564	94,564
Accumulated impairment losses	(85,356)	(85,356)
Goodwill, net	9,208	9,208
Graphics Segment [Member]
Goodwill	28,690	28,690
Accumulated impairment losses	(27,525)	(27,525)
Goodwill, net	$ 1,165	$ 1,165

Note 7 - Goodwill and Other I_5

Note 7 - Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Amortized intangible assets, gross	$ 54,625	$ 54,625
Accumulated amortization	27,416	25,400
Amortized intangible assets, net	27,209	29,225
Indefinite-lived intangible assets, gross	3,422	3,422
Total other intangible assets, gross	58,047	58,047
Total other intangible assets, net	30,631	32,647
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	13,614	12,070
Amortized intangible assets, net	21,949	23,493
Patents [Member]
Amortized intangible assets, gross	338	338
Accumulated amortization	270	247
Amortized intangible assets, net	68	91
Technology-Based Intangible Assets [Member]
Amortized intangible assets, gross	16,066
Accumulated amortization	12,731
Amortized intangible assets, net	3,335
LED Technology Firmware Software [Member]
Amortized intangible assets, gross		16,066
Accumulated amortization		12,364
Amortized intangible assets, net		$ 3,702
Trade Names [Member]
Amortized intangible assets, gross	2,658
Accumulated amortization	801
Amortized intangible assets, net	$ 1,857

Note 7 - Goodwill and Other I_6

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, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Amortization Expense of Other Intangible Assets	$ 670	$ 691	$ 2,016	$ 2,071

Note 7 - Goodwill and Other I_7

Note 7 - Goodwill and Other Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Mar. 31, 2020USD ($)
2020	$ 2,687
2021	2,682
2022	2,459
2023	2,412
2024	2,412
After 2024	$ 16,573

Note 8 - Revolving Line of Cr_2

Note 8 - Revolving Line of Credit (Details Textual) - USD ($) $ in Millions	1 Months Ended	9 Months Ended
	Feb. 28, 2019	Mar. 31, 2020	Feb. 27, 2019
Long-term Line of Credit, Total		$ 7.9
Line of Credit Facility, Remaining Borrowing Capacity		$ 67.1
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		1.25%
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	$ 75		$ 100
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.20%

Note 9 - Cash Dividends (Detail

Note 9 - Cash Dividends (Details Textual) - USD ($)	1 Months Ended	9 Months Ended
	Apr. 30, 2020	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2020
Payments of Dividends, Total		$ 3,958,000	$ 3,882,000
Dividends Accrued		$ 59,077	$ 40,798
Forecast [Member]
Annual Indicated per Share Dividend Rate (in dollars per share)				$ 0.20
Subsequent Event [Member]
Quarterly Indicated Per Share Dividend Rate (in dollars per share)	$ 0.05
Dividends Payable, Date to be Paid	May 12, 2020
Dividends Payable, Date of Record	May 4, 2020

Note 10 - Equity Compensation (

Note 10 - Equity Compensation (Details Textual)	1 Months Ended	3 Months Ended			9 Months Ended
	Nov. 30, 2019shares	Mar. 31, 2020USD ($)$ / sharesshares	Sep. 30, 2019shares	Mar. 31, 2019USD ($)	Mar. 31, 2020USD ($)$ / sharesshares	Mar. 31, 2019USD ($)
Share-based Payment Arrangement, Expense | $		$ (103,000)		$ 224,000	$ 494,000	$ 951,000
The 2019 Omnibus Award Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	2,650,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)		3,812,997			3,812,997
The 2019 Omnibus Award Plan [Member] | Inducement Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)		150,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ / shares		$ 6.51
The 2019 Omnibus Award Plan [Member] | Non-qualified Serviced-based Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)			455,429
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares		3.83			$ 3.83
The 2019 Omnibus Award Plan [Member] | Performance Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			199,310
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares		$ 3.83
The 2019 Omnibus Award Plan [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		81,917
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares		$ 3.83
The 2012 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fungible Share Ratio	2.5

Note 11 - Supplemental Cash F_3

Note 11 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash Payments:
Interest	$ 889	$ 1,669
Income taxes	8	3
Issuance of common shares as compensation	225	265
Issuance of common shares to fund deferred compensation plan	$ 296	$ 257

Note 12 - Commitments and Con_2

Note 12 - Commitments and Contingencies (Details Textual) $ in Thousands	Mar. 31, 2020USD ($)
Standby Letters of Credit [Member]
Letters of Credit Outstanding, Amount	$ 0

Note 13 - Severance Costs (Deta

Note 13 - Severance Costs (Details Textual) - Employee Severance [Member]	Mar. 31, 2020USD ($)
Postemployment Benefits Liability, Total	$ 726,000
Postemployment Benefits Liability, Current	612,000
Postemployment Benefits Liability, Noncurrent	$ 114,000

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, 2020	Mar. 31, 2019	Jun. 30, 2019
Balance	$ 1,134	$ 1,772	$ 1,772
Accrual of expense	73	534	560
Payments	(481)	(956)	(1,198)
Balance	$ 726	$ 1,350	$ 1,134

Note 14 - Restructuring Costs_2

Note 14 - Restructuring Costs (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2020	Mar. 31, 2019
Proceeds from Sale of Property, Plant, and Equipment, Total			$ 20,040,000
Inventory Write-down			1,720,000	$ 2,574,000
Restructuring and Related Costs, Incurred Cost, Total	$ 235,000		$ 744,000
Sell Manufacturing Facility In New Windsor, New York [Member]
Proceeds from Sale of Property, Plant, and Equipment, Total		$ 12,300,000
Gain (Loss) on Disposition of Property Plant Equipment, Total		$ 4,800,000
Sale of Manufacturing Facility in North Canton, Ohio [Member]
Proceeds from Sale of Property, Plant, and Equipment, Total	7,700,000
Gain (Loss) on Disposition of Property Plant Equipment, Total	3,700,000
Inventory Write-down	$ 451,000

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, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Severance benefits		$ 263		$ 484
Impairment of fixed assets and accelerated depreciation			49	228
Facility repairs		52		99
Gain on sale of facility	(3,741)		(8,562)
Exit costs	235	53	419	113
Manufacturing realignment costs			276
Total	$ (3,506)	$ 368	$ (7,818)	$ 924

Note 14 - Restructuring Costs_3

Note 14 - Restructuring Costs - Liability Balances Related to Restructuring Costs (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2020USD ($)
Balance, beginning	$ 236
Restructuring Expense	695
Payments	(904)
Adjustments	0
Balance, ending	27
Severance and Other Termination Benefits [Member]
Balance, beginning	236
Restructuring Expense
Payments	(209)
Adjustments	0
Balance, ending	27
Other Restructuring [Member]
Balance, beginning	0
Restructuring Expense	695
Payments	(695)
Adjustments	0
Balance, ending

Note 15 - Leases (Details Textu

Note 15 - Leases (Details Textual) - USD ($)	Mar. 31, 2020	Jul. 01, 2019
Operating Lease, Right-of-Use Asset	$ 9,050,000
Operating Lease, Liability, Total	$ 9,802,000
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset		$ 10,400,000
Operating Lease, Liability, Total		$ 10,800,000
Minimum [Member]
Operating Lease, Weighted Average Remaining Lease Term (Year)	1 year
Maximum [Member]
Operating Lease, Weighted Average Remaining Lease Term (Year)	5 years

Note 15 - Leases - Operating Le

Note 15 - Leases - Operating Lease Information (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2020USD ($)
Operating lease cost	$ 574	$ 1,736
Fixed payments		1,707
Liability reduction		1,334
Operating Lease, Right-of-Use Asset	9,050	9,050
Accrued expenses (Current liabilities)	362	362
Long-term operating lease liability (Other long-term liabilities)	9,440	9,440
Operating Lease, Liability, Total	$ 9,802	$ 9,802
Weighted Average remaining Lease Term (in years) (Year)	4 years 295 days	4 years 295 days
Weighted Average Discount Rate	4.85%	4.85%

Note 15 - Leases - Maturities o

Note 15 - Leases - Maturities of Lease Liability (Details) $ in Thousands	Mar. 31, 2020USD ($)
2020	$ 955
2021	2,303
2022	2,279
2023	2,244
2024	1,917
Thereafter	1,683
Total lease payments	11,381
Less: Interest	(1,579)
Present Value of Lease Liabilities	$ 9,802

Note 16 - Income Taxes (Details

Note 16 - Income Taxes (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2020	Sep. 30, 2019	Dec. 31, 2019
Deferred Tax Assets, Operating Loss Carryforwards, Revaluation Due to CARES Act	$ 300,000
Deferred Tax Assets, Property, Plant and Equipment		$ 864,000
Deferred Tax Assets, Goodwill and Intangible Assets			$ 4,800,000
Sale of Manufacturing Facility in North Canton, Ohio [Member]
Gain (Loss) on Disposition of Property Plant Equipment, Total	$ 3,700,000
Sell Manufacturing Facility In New Windsor, New York [Member]
Gain (Loss) on Disposition of Property Plant Equipment, Total		$ 4,800,000

Note 16 - Income Taxes - Reconc

Note 16 - Income Taxes - Reconciliation of Income Tax Rate (Details)	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Provision for income taxes at the anticipated annual tax rate	10.80%	(0.70%)	16.70%	13.60%
Uncertain tax positions	1.50%	(0.10%)	(0.30%)	0.60%
Deferred income tax adjustments	(16.70%)		(2.50%)	6.70%
Shared-based compensation	4.40%	(3.60%)	3.70%	(0.90%)
Effective tax rate		(4.40%)	17.60%	20.00%