LSI Industries (LYTS) 10-Q 5 Nov 20 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2020	Oct. 30, 2020
Document Information [Line Items]
Entity Central Index Key	0000763532
Entity Registrant Name	LSI INDUSTRIES INC
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	0-13375
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-0888951
Entity Address, Address Line One	10000 Alliance Road
Entity Address, City or Town	Cincinnati
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45242
City Area Code	513
Local Phone Number	793-3200
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	LYTS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		26,355,467

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Net Sales	$ 70,006	$ 88,701
Cost of products and services sold	51,731	66,588
Restructuring costs	3	258
Gross profit	18,272	21,855
Selling and administrative expenses	16,070	19,862
Restructuring gains	0	(4,846)
Operating income	2,202	6,839
Interest (income)	(1)	(1)
Interest expense	58	432
Other (income) expense	(105)	82
Income before income taxes	2,250	6,326
Income tax expense	260	1,851
Net income	$ 1,990	$ 4,475
Earnings per common share (see Note 4)
Basic (in dollars per share)	$ 0.08	$ 0.17
Diluted (in dollars per share)	$ 0.07	$ 0.17
Weighted average common shares outstanding
Basic (in shares)	26,520	26,236
Diluted (in shares)	26,968	26,293

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Net income (loss)	$ 1,990	$ 4,475
Foreign currency translation adjustment	45	(23)
Comprehensive Income	$ 2,035	$ 4,452

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020
Current assets
Cash and cash equivalents	$ 9,463	$ 3,517
Accounts receivable, less allowance for doubtful accounts of $219 and $273, respectively	44,122	37,836
Inventories	37,351	38,752
Refundable income tax	3,175	2,776
Other current assets	3,832	2,977
Total current assets	97,943	85,858
Property, Plant and Equipment, at cost
Land	3,933	3,933
Buildings	20,660	20,638
Machinery and equipment	67,737	67,796
Buildings under finance leases	2,033	2,033
Construction in progress	772	440
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization	95,135	94,840
Less accumulated depreciation	(69,533)	(68,305)
Net property, plant and equipment	25,602	26,535
Goodwill	10,373	10,373
Other Intangible Assets, net	29,289	29,960
Operating Lease, Right-of-Use Asset	8,195	8,663
Other Long-Term Assets, net	10,393	10,874
Total assets	181,795	172,263
LIABILITIES & SHAREHOLDERS' EQUITY
Accounts payable	20,292	14,216
Accrued expenses	22,567	20,433
Total current liabilities	42,859	34,649
Long-Term Debt	0	0
Finance Lease Liabilities	1,694	1,755
Operating Lease Liabilities	8,640	9,021
Other Long-Term Liabilities	1,162	1,138
Commitments and Contingencies (Note 12)	0	0
Shareholders' Equity
Preferred shares, without par value; Authorized 1,000,000 shares, none issued	0	0
Common shares, without par value; Authorized 40,000,000 shares; Outstanding 26,340,512 and 26,286,009 shares, respectively	128,758	127,713
Treasury shares, without par value	(1,504)	(1,121)
Deferred compensation plan	1,504	1,121
Retained (loss)	(1,270)	(1,920)
Accumulated other comprehensive loss	(48)	(93)
Total shareholders' equity	127,440	125,700
Total liabilities & shareholders' equity	$ 181,795	$ 172,263

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Sep. 30, 2020	Jun. 30, 2020
Allowance for doubtful accounts	$ 219	$ 273
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)	26,340,512	26,286,009

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, 2019							26,176	(209)
Balance at Jun. 30, 2019	$ 0	$ 0	$ 0	$ 0	$ (428)	$ (428)	$ 125,729	$ (1,468)	$ 1,468	$ 16	$ (5,808)	$ 119,937
Net income (loss)							0	0	0	0	4,475	4,475
Other comprehensive income (loss)							$ 0	$ 0	0	(23)	0	(23)
Stock compensation awards (in shares)							21	0
Stock compensation awards							$ 75	$ 0	0	0	0	75
Restricted stock units issued (in shares)							18	0
Restricted stock units issued							$ 0	$ 0	0	0	0	0
Shares issued for deferred compensation (in shares)							7	0
Shares issued for deferred compensation							$ 33	$ 0	0	0	0	33
Activity of treasury shares, net (in shares)							0	36
Activity of treasury shares, net							$ 0	$ 360	0	0	0	360
Deferred stock compensation							0	0	(350)	0	0	(350)
Stock compensation expense							398	0	0	0	0	398
Dividends — $0.20 per share							$ 0	$ 0	0	0	(1,319)	(1,319)
Balance (in shares) at Sep. 30, 2019							26,222	(173)
Balance at Sep. 30, 2019							$ 126,235	$ (1,108)	1,118	(7)	(3,080)	123,158
Balance (in shares) at Jun. 30, 2020							26,466	(180)
Balance at Jun. 30, 2020							$ 127,713	$ (1,121)	1,121	(93)	(1,920)	125,700
Net income (loss)							0	0	0	0	1,990	1,990
Other comprehensive income (loss)							$ 0	$ 0	0	45	0	45
Stock compensation awards (in shares)							12	0
Stock compensation awards							$ 75	$ 0	0	0	0	75
Restricted stock units issued (in shares)							28	0
Restricted stock units issued							$ 0	$ 0	0	0	0	0
Shares issued for deferred compensation (in shares)							62	0
Shares issued for deferred compensation							$ 412	$ 0	0	0	0	412
Activity of treasury shares, net (in shares)							0	(59)
Activity of treasury shares, net							$ 0	$ (383)	0	0	0	(383)
Deferred stock compensation							0	0	383	0	0	383
Stock compensation expense							505	0	0	0	0	505
Dividends — $0.20 per share							$ 0	$ 0	0	0	(1,340)	(1,340)
Stock options exercised, net (in shares)							11	0
Stock options exercised, net							$ 53	$ 0	0	0	0	53
Balance (in shares) at Sep. 30, 2020							26,579	(239)
Balance at Sep. 30, 2020							$ 128,758	$ (1,504)	$ 1,504	$ (48)	$ (1,270)	$ 127,440

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Sep. 30, 2020	Sep. 30, 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	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash Flows from Operating Activities
Net income (loss)	$ 1,990	$ 4,475
Non-cash items included in net income
Depreciation and amortization	2,033	2,399
Deferred income taxes	381	1,823
Deferred compensation plan	412	43
Stock compensation expense	505	398
Issuance of common shares as compensation	75	75
Gain on disposition of fixed assets	0	(4,752)
Allowance for doubtful accounts	(38)	140
Inventory obsolescence reserve	496	298
Changes in certain assets and liabilities
Accounts receivable	(6,136)	(3,854)
Inventories	926	136
Refundable income taxes	(393)	(3)
Accounts payable	5,912	4,611
Accrued expenses and other	(521)	440
Customer prepayments	1,997	130
Net cash flows provided by operating activities	7,639	6,359
Cash Flows from Investing Activities
Purchases of property, plant and equipment	(405)	(355)
Proceeds from the sale of fixed assets	0	12,338
Net cash flows (used in) provided by investing activities	(405)	11,983
Cash Flows from Financing Activities
Payments of long-term debt	0	(51,612)
Borrowings of long-term debt	0	35,252
Cash dividends paid	(1,321)	(1,319)
Shares withheld for employees' taxes	(5)	(50)
Payments on financing lease obligations	(58)	0
Proceeds from stock option exercises	53	0
Net cash flows used in financing activities	(1,331)	(17,729)
Change related to foreign currency	43	0
Increase in cash and cash equivalents	5,946	613
Cash and cash equivalents at beginning of period	3,517	966
Cash and cash equivalents at end of period	$ 9,463	$ 1,579

Note 1 - Interim Condensed Cons

Note 1 - Interim Condensed Consolidated Financial Statements	3 Months Ended
	Sep. 30, 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 September 30, 2020, three September 30, 2020 2019, three September 30, 2020 2019. 2020 10 June 30, 2020

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	3 Months Ended
	Sep. 30, 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 2020 10 2016 02 2016 02” 842 842 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 (In thousands) September 30, 2020 Lighting Segment Graphics Segment Timing of revenue recognition Products and services transferred at a point in time $ 40,040 $ 14,454 Products and services transferred over time 5,365 10,147 $ 45,405 $ 24,601 Three Months Ended September 30, 2020 Lighting Segment Graphics Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 37,869 $ 5,081 Legacy products 7,074 14,325 Turnkey services and other 462 5,195 $ 45,405 $ 24,601 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, 2019, 2016 02 not not not The Company’s most significant leases are those related 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 and various office equipment. The adoption of the new lease standard resulted in the recognition of right-of-use assets (ROU assets) of $10.4 million, lease liabilities of $10.8 million which includes the impact of existing deferred rents and tenant improvement allowances and a $0.4 million adjustment to retained earnings on the consolidated balance sheets as of July 1, 2019 no On July 1, 2020, 2016 13, 326 326 2016 13 not Subsequent Events: The Company has evaluated subsequent events for potential recognition and disclosure through the date the consolidated financial statements were filed. No

Note 3 - Segment Reporting Info

Note 3 - Segment Reporting Information	3 Months Ended
	Sep. 30, 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, parking lot and garage markets, automotive dealerships, quick-service restaurants, grocery and pharmacy stores, and retail/national accounts. The Company serves these 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 which are 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 and menu board systems that are either digital or print by design. These products are used in visual image programs in several markets including the petroleum / convenience store market, quick-service restaurant market, the grocery store and pharmacy markets, as well as customers with multi-site retail operations. The Graphics Segment implements, installs and provides program management services related to products sold by the Graphics Segment and by the Lighting Segment. The Company’s corporate administration activities are reported in the Corporate and Eliminations line item. These activities primarily include intercompany profit in inventory eliminations, expense related to certain corporate officers and support staff, the Company’s internal audit 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 concentration of consolidated net sales in the three September 30, 2020 2019. September 30, 2020 June 30, 2020. Summarized financial information for the Company’s operating segments is provided for the indicated periods and as of September 30, 2020 September 30, 2019: Three Months Ended (In thousands) September 30 2020 2019 Net Sales: Lighting Segment $ 45,405 $ 63,191 Graphics Segment 24,601 25,510 $ 70,006 $ 88,701 Operating Income (Loss): Lighting Segment $ 3,588 $ 9,159 Graphics Segment 1,823 1,017 Corporate and Eliminations (3,209 ) (3,337 ) $ 2,202 $ 6,839 Capital Expenditures: Lighting Segment $ 369 $ 330 Graphics Segment 27 - Corporate and Eliminations 9 25 $ 405 $ 355 Depreciation and Amortization: Lighting Segment $ 1,619 $ 1,778 Graphics Segment 358 386 Corporate and Eliminations 56 235 $ 2,033 $ 2,399 September 30, June 30, Identifiable Assets: Lighting Segment $ 120,449 $ 118,819 Graphics Segment 35,882 35,021 Corporate and Eliminations 25,464 18,423 $ 181,795 $ 172,263 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% mark-up on intersegment revenues. Any intersegment profit in inventory is eliminated in consolidation. Intersegment revenues were eliminated in consolidation as follows: Three Months Ended (In thousands) September 30 2020 2019 Lighting Segment inter-segment net sales $ 4,080 $ 811 Graphics Segment inter-segment net sales $ 38 $ 24 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	3 Months Ended
	Sep. 30, 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 September 30 2020 2019 BASIC EARNINGS PER SHARE Net income $ 1,990 $ 4,475 Weighted average shares outstanding during the period, net of treasury shares 26,318 26,024 Weighted average vested restricted stock units outstanding 10 24 Weighted average shares outstanding in the Deferred Compensation Plan during the period 192 188 Weighted average shares outstanding 26,520 26,236 Basic income per share $ 0.08 $ 0.17 DILUTED EARNINGS PER SHARE Net income $ 1,990 $ 4,475 Weighted average shares outstanding: Basic 26,520 26,236 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 448 57 Weighted average shares outstanding 26,968 26,293 Diluted income per share $ 0.07 $ 0.17 Anti-dilutive securities (b) 1,302 2,861 (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 September 30, 2020 September 30, 2019

Note 5 - Inventories

Note 5 - Inventories	3 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 5 The following information is provided as of the dates indicated: September 30, June 30, (In thousands) 2020 2020 Inventories: Raw materials $ 26,335 $ 27,331 Work-in-progress 1,465 1,566 Finished goods 9,551 9,855 Total Inventories $ 37,351 $ 38,752

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	3 Months Ended
	Sep. 30, 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: September 30, June 30, (In thousands) 2020 2020 Accrued Expenses: Accrued warranty $ 6,639 $ 6,956 Compensation and benefits 6,179 6,001 Customer prepayments 3,699 1,698 Accrued sales commissions 1,473 1,289 Operating lease liabilities 292 376 Finance lease liabilities 242 239 Other accrued expenses 4,043 3,874 Total Accrued Expenses $ 22,567 $ 20,433

Note 7 - Goodwill and Other Int

Note 7 - Goodwill and Other Intangible Assets	3 Months Ended
	Sep. 30, 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 reporting units that contain goodwill. There is one reporting unit within the Lighting Segment and one reporting unit within the Graphics Segment. The Company relies upon a number of factors, judgments and estimates when conducting its impairment testing including, but not The following table presents information about the Company's goodwill as of September 30, 2020 June 30, 2020: Goodwill (In thousands) Lighting Graphics Segment Segment Total Goodwill $ 86,711 $ 28,690 $ 115,401 Accumulated impairment losses (77,503 ) (27,525 ) (105,028 ) Goodwill, net $ 9,208 $ 1,165 $ 10,373 The following table presents the gross carrying amount and accumulated amortization by each major asset class: Other Intangible Assets September 30, 2020 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 35,563 $ 14,644 $ 20,919 Patents 338 285 53 LED technology firmware, software 16,066 12,973 3,093 Trade name 2,658 856 1,802 Total Amortized Intangible Assets 54,625 28,758 25,867 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 $ 28,758 $ 29,289 Other Intangible Assets June 30, 2020 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 35,563 $ 14,129 $ 21,434 Patents 338 277 61 LED technology firmware, software 16,066 12,852 3,214 Trade name 2,658 829 1,829 Total Amortized Intangible Assets 54,625 28,087 26,538 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 $ 28,087 $ 29,960 Three Months Ended September 30 (In thousands) 2020 2019 Amortization Expense of Other Intangible Assets $ 671 $ 675 The Company expects to record annual amortization expense as follows: (In thousands) 2021 $ 2,682 2022 $ 2,461 2023 $ 2,412 2024 $ 2,412 2025 $ 2,412 After 2025 $ 14,159

Note 8 - Revolving Line of Cred

Note 8 - Revolving Line of Credit	3 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 8 - REVOLVING LINE OF CREDIT In February 2019, third 2022. second 2021. no $75 September 30, 2020, The Company is in compliance with all of its loan covenants as of September 30, 2020.

Note 9 - Cash Dividends

Note 9 - Cash Dividends	3 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 9 CASH DIVIDENDS The Company paid cash dividends of $1.3 million in both the three September 30, 2020 September 30, 2019. September 30, 2020 2019, October 2020, November 17, 2020 November 9, 2020.

Note 10 - Equity Compensation

Note 10 - Equity Compensation	3 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	NOTE 10 In November 2019, 2019 “2019 2019 may 2019 September 30, 2020. 2019 2019 In the first 2021, three September 30, 2020 2019,

Note 11 - Supplemental Cash Flo

Note 11 - Supplemental Cash Flow Information	3 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 1 1 - SUPPLEMENTAL CASH FLOW INFORMATION Three Months Ended (In thousands) September 30 2020 2019 Cash Payments: Interest $ 24 $ 464 Income taxes $ 223 $ - Non-cash investing and financing activities Issuance of common shares as compensation $ 75 $ 75 Issuance of common shares to fund deferred compensation plan $ 412 $ 33

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	3 Months Ended
	Sep. 30, 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 September 30, 2020, August 2020, 7 2020 10

Note 13 - Severance Costs

Note 13 - Severance Costs	3 Months Ended
	Sep. 30, 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: Three Months Three Months Fiscal Year Ended Ended Ended September 30, September 30, June 30, (In thousands) 2020 2019 2020 Balance at beginning of period $ 639 $ 1,134 $ 1,134 Accrual of expense - 18 344 Payments (225 ) (162 ) (839 ) Balance at end of period $ 414 $ 990 $ 639 The $0.4 million severance reserve reported as of September 30, 2020 twelve

Note 14 - Restructuring Costs

Note 14 - Restructuring Costs	3 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	NOTE 1 4 – RESTRUCTURING COSTS In the first 2020, first 2020 The following table presents information about restructuring costs for the periods indicated: Three Months Ended September 30 (In thousands) 2020 2019 Exit costs $ 3 $ 184 Impairment of fixed assets and accelerated depreciation - 49 Gain on sale of facility - (4,821 ) Total $ 3 $ (4,588 ) 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 September 30, (In thousands) 2020 Expense Payments Adjustments 2020 Severance and termination benefits $ 27 $ - $ - $ - $ 27 Other restructuring costs - 3 (3 ) - $ - Total $ 27 $ 3 $ (3 ) $ - $ 27

Note 15 - Leases

Note 15 - Leases	3 Months Ended
	Sep. 30, 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 but one one five not not The Company has periodically entered into short-term operating leases with an initial term of twelve not three September 30, 2020 2019, 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 million and lease liabilities of $10.8 million which includes the impact of existing deferred rents and tenant improvement allowances on the consolidated balance sheets as of July 1, 2019 no Three months ended Three months ended (In thousands) September 30, 2020 September 30, 2019 Operating lease cost $ 573 $ 587 Financing lease cost: Amortization of right of use assets 73 - Interest on lease liabilities 24 - Variable lease cost 1 - Total lease cost $ 671 $ 587 Supplemental Cash Flow Information: Three months ended Three months ended (In thousands) September 30, 2020 September 30, 2019 Cash flows from operating leases Fixed payments - operating cash flows $ 570 $ 573 Liability reduction - operating cash flows $ 461 $ 443 Cash flows from finance leases Interest - operating cash flows $ 24 $ - Repayments of principal portion - financing cash flows $ 58 $ - Operating Leases: At September 30, 2020 At June 30, 2020 Total operating right-of-use assets $ 8,195 $ 8,663 Accrued expenses (Current liabilities) $ 292 $ 376 Long-term operating lease liability 8,640 9,021 Total operating lease liabilities $ 8,932 $ 9,397 Weighted Average remaining Lease Term (in years) 4.36 4.59 Weighted Average Discount Rate 4.85 % 4.85 % Finance Leases: At September 30, 2020 At June 30, 2020 Buildings under finance leases $ 2,033 $ 2,033 Accumulated depreciation (121 ) (48 ) Total finance lease assets, net $ 1,912 $ 1,985 Accrued expenses (Current liabilities) $ 242 $ 239 Long-term finance lease liability 1,694 1,755 Total finance lease liabilities $ 1,936 $ 1,994 Weighted Average remaining Lease Term (in years) 6.58 6.83 Weighted Average Discount Rate 4.86 % 4.86 % Maturities of Lease Liability: Operating Lease Finance Lease Liabilities Liabilities 2021 $ 1,864 $ 270 2022 2,293 329 2023 2,241 329 2024 1,924 335 2025 1,345 362 Thereafter 360 664 Total lease payments 10,027 2,289 Less: Interest (1,095 ) (353 ) Present Value of Lease Liabilities $ 8,932 $ 1,936

Note 16 - Income Taxes

Note 16 - Income Taxes	3 Months Ended
	Sep. 30, 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. first 2021, In the first 2020, Three Months Ended September 30 2020 2019 Reconciliation of effective tax rate: Provision for income taxes at the anticipated annual tax rate 23.9 % 24.1 % Uncertain tax positions 1.0 0.5 Tax rate changes (15.7 ) - Shared-based compensation 2.4 4.3 Other - 0.4 Effective tax rate 11.6 % 29.3 %

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Consolidation: A summary of the Company’s significant accounting policies is included in Note 1 2020 10 2016 02 2016 02” 842 842 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 (In thousands) September 30, 2020 Lighting Segment Graphics Segment Timing of revenue recognition Products and services transferred at a point in time $ 40,040 $ 14,454 Products and services transferred over time 5,365 10,147 $ 45,405 $ 24,601 Three Months Ended September 30, 2020 Lighting Segment Graphics Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 37,869 $ 5,081 Legacy products 7,074 14,325 Turnkey services and other 462 5,195 $ 45,405 $ 24,601 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, 2019, 2016 02 not not not The Company’s most significant leases are those related 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 and various office equipment. The adoption of the new lease standard resulted in the recognition of right-of-use assets (ROU assets) of $10.4 million, lease liabilities of $10.8 million which includes the impact of existing deferred rents and tenant improvement allowances and a $0.4 million adjustment to retained earnings on the consolidated balance sheets as of July 1, 2019 no On July 1, 2020, 2016 13, 326 326 2016 13 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

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Sep. 30, 2020
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended (In thousands) September 30, 2020 Lighting Segment Graphics Segment Timing of revenue recognition Products and services transferred at a point in time $ 40,040 $ 14,454 Products and services transferred over time 5,365 10,147 $ 45,405 $ 24,601 Three Months Ended September 30, 2020 Lighting Segment Graphics Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 37,869 $ 5,081 Legacy products 7,074 14,325 Turnkey services and other 462 5,195 $ 45,405 $ 24,601

Note 3 - Segment Reporting In_2

Note 3 - Segment Reporting Information (Tables)	3 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended (In thousands) September 30 2020 2019 Net Sales: Lighting Segment $ 45,405 $ 63,191 Graphics Segment 24,601 25,510 $ 70,006 $ 88,701 Operating Income (Loss): Lighting Segment $ 3,588 $ 9,159 Graphics Segment 1,823 1,017 Corporate and Eliminations (3,209 ) (3,337 ) $ 2,202 $ 6,839 Capital Expenditures: Lighting Segment $ 369 $ 330 Graphics Segment 27 - Corporate and Eliminations 9 25 $ 405 $ 355 Depreciation and Amortization: Lighting Segment $ 1,619 $ 1,778 Graphics Segment 358 386 Corporate and Eliminations 56 235 $ 2,033 $ 2,399
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	September 30, June 30, Identifiable Assets: Lighting Segment $ 120,449 $ 118,819 Graphics Segment 35,882 35,021 Corporate and Eliminations 25,464 18,423 $ 181,795 $ 172,263
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Three Months Ended (In thousands) September 30 2020 2019 Lighting Segment inter-segment net sales $ 4,080 $ 811 Graphics Segment inter-segment net sales $ 38 $ 24

Note 4 - Earnings Per Common _2

Note 4 - Earnings Per Common Share (Tables)	3 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30 2020 2019 BASIC EARNINGS PER SHARE Net income $ 1,990 $ 4,475 Weighted average shares outstanding during the period, net of treasury shares 26,318 26,024 Weighted average vested restricted stock units outstanding 10 24 Weighted average shares outstanding in the Deferred Compensation Plan during the period 192 188 Weighted average shares outstanding 26,520 26,236 Basic income per share $ 0.08 $ 0.17 DILUTED EARNINGS PER SHARE Net income $ 1,990 $ 4,475 Weighted average shares outstanding: Basic 26,520 26,236 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 448 57 Weighted average shares outstanding 26,968 26,293 Diluted income per share $ 0.07 $ 0.17 Anti-dilutive securities (b) 1,302 2,861

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	3 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 30, June 30, (In thousands) 2020 2020 Inventories: Raw materials $ 26,335 $ 27,331 Work-in-progress 1,465 1,566 Finished goods 9,551 9,855 Total Inventories $ 37,351 $ 38,752

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	3 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	September 30, June 30, (In thousands) 2020 2020 Accrued Expenses: Accrued warranty $ 6,639 $ 6,956 Compensation and benefits 6,179 6,001 Customer prepayments 3,699 1,698 Accrued sales commissions 1,473 1,289 Operating lease liabilities 292 376 Finance lease liabilities 242 239 Other accrued expenses 4,043 3,874 Total Accrued Expenses $ 22,567 $ 20,433

Note 7 - Goodwill and Other I_2

Note 7 - Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Goodwill [Table Text Block]	Goodwill (In thousands) Lighting Graphics Segment Segment Total Goodwill $ 86,711 $ 28,690 $ 115,401 Accumulated impairment losses (77,503 ) (27,525 ) (105,028 ) Goodwill, net $ 9,208 $ 1,165 $ 10,373
Schedule of Intangible Assets and Goodwill [Table Text Block]	Other Intangible Assets September 30, 2020 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 35,563 $ 14,644 $ 20,919 Patents 338 285 53 LED technology firmware, software 16,066 12,973 3,093 Trade name 2,658 856 1,802 Total Amortized Intangible Assets 54,625 28,758 25,867 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 $ 28,758 $ 29,289 Other Intangible Assets June 30, 2020 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 35,563 $ 14,129 $ 21,434 Patents 338 277 61 LED technology firmware, software 16,066 12,852 3,214 Trade name 2,658 829 1,829 Total Amortized Intangible Assets 54,625 28,087 26,538 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 $ 28,087 $ 29,960
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	Three Months Ended September 30 (In thousands) 2020 2019 Amortization Expense of Other Intangible Assets $ 671 $ 675
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(In thousands) 2021 $ 2,682 2022 $ 2,461 2023 $ 2,412 2024 $ 2,412 2025 $ 2,412 After 2025 $ 14,159

Note 11 - Supplemental Cash F_2

Note 11 - Supplemental Cash Flow Information (Tables)	3 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Three Months Ended (In thousands) September 30 2020 2019 Cash Payments: Interest $ 24 $ 464 Income taxes $ 223 $ - Non-cash investing and financing activities Issuance of common shares as compensation $ 75 $ 75 Issuance of common shares to fund deferred compensation plan $ 412 $ 33

Note 13 - Severance Costs (Tabl

Note 13 - Severance Costs (Tables)	3 Months Ended
	Sep. 30, 2020
Employee Severance [Member]
Notes Tables
Schedule of Accrued Severance Liability [Table Text Block]	Three Months Three Months Fiscal Year Ended Ended Ended September 30, September 30, June 30, (In thousands) 2020 2019 2020 Balance at beginning of period $ 639 $ 1,134 $ 1,134 Accrual of expense - 18 344 Payments (225 ) (162 ) (839 ) Balance at end of period $ 414 $ 990 $ 639

Note 14 - Restructuring Costs (

Note 14 - Restructuring Costs (Tables)	3 Months Ended
	Sep. 30, 2020
Notes Tables
Restructuring and Related Costs [Table Text Block]	Three Months Ended September 30 (In thousands) 2020 2019 Exit costs $ 3 $ 184 Impairment of fixed assets and accelerated depreciation - 49 Gain on sale of facility - (4,821 ) Total $ 3 $ (4,588 )
Schedule of Liability Balances Related to Restructuring Costs [Table Text Block]	Balance as of Balance as of June 30, Restructuring September 30, (In thousands) 2020 Expense Payments Adjustments 2020 Severance and termination benefits $ 27 $ - $ - $ - $ 27 Other restructuring costs - 3 (3 ) - $ - Total $ 27 $ 3 $ (3 ) $ - $ 27

Note 15 - Leases (Tables)

Note 15 - Leases (Tables)	3 Months Ended
	Sep. 30, 2020
Notes Tables
Lease, Cost [Table Text Block]	Three months ended Three months ended (In thousands) September 30, 2020 September 30, 2019 Operating lease cost $ 573 $ 587 Financing lease cost: Amortization of right of use assets 73 - Interest on lease liabilities 24 - Variable lease cost 1 - Total lease cost $ 671 $ 587 Supplemental Cash Flow Information: Three months ended Three months ended (In thousands) September 30, 2020 September 30, 2019 Cash flows from operating leases Fixed payments - operating cash flows $ 570 $ 573 Liability reduction - operating cash flows $ 461 $ 443 Cash flows from finance leases Interest - operating cash flows $ 24 $ - Repayments of principal portion - financing cash flows $ 58 $ - Operating Leases: At September 30, 2020 At June 30, 2020 Total operating right-of-use assets $ 8,195 $ 8,663 Accrued expenses (Current liabilities) $ 292 $ 376 Long-term operating lease liability 8,640 9,021 Total operating lease liabilities $ 8,932 $ 9,397 Weighted Average remaining Lease Term (in years) 4.36 4.59 Weighted Average Discount Rate 4.85 % 4.85 % Finance Leases: At September 30, 2020 At June 30, 2020 Buildings under finance leases $ 2,033 $ 2,033 Accumulated depreciation (121 ) (48 ) Total finance lease assets, net $ 1,912 $ 1,985 Accrued expenses (Current liabilities) $ 242 $ 239 Long-term finance lease liability 1,694 1,755 Total finance lease liabilities $ 1,936 $ 1,994 Weighted Average remaining Lease Term (in years) 6.58 6.83 Weighted Average Discount Rate 4.86 % 4.86 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Maturities of Lease Liability: Operating Lease Finance Lease Liabilities Liabilities 2021 $ 1,864 $ 270 2022 2,293 329 2023 2,241 329 2024 1,924 335 2025 1,345 362 Thereafter 360 664 Total lease payments 10,027 2,289 Less: Interest (1,095 ) (353 ) Present Value of Lease Liabilities $ 8,932 $ 1,936

Note 16 - Income Taxes (Tables)

Note 16 - Income Taxes (Tables)	3 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Three Months Ended September 30 2020 2019 Reconciliation of effective tax rate: Provision for income taxes at the anticipated annual tax rate 23.9 % 24.1 % Uncertain tax positions 1.0 0.5 Tax rate changes (15.7 ) - Shared-based compensation 2.4 4.3 Other - 0.4 Effective tax rate 11.6 % 29.3 %

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Jul. 01, 2019
Operating Lease, Right-of-Use Asset	$ 8,195	$ 8,663
Operating Lease, Liability, Total	8,932	9,397
Retained Earnings (Accumulated Deficit), Ending Balance	$ (1,270)	$ (1,920)
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset			$ 10,400
Operating Lease, Liability, Total			10,800
Accounting Standards Update 2016-02 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained Earnings (Accumulated Deficit), Ending Balance			$ 400

Note 2 - Summary of Significa_4

Note 2 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Revenue	$ 70,006	$ 88,701
Lighting Segment [Member]
Revenue	45,405	63,191
Lighting Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Revenue	37,869
Lighting Segment [Member] | Legacy Products [Member]
Revenue	7,074
Lighting Segment [Member] | Turnkey Services and Other [Member]
Revenue	462
Graphics Segment [Member]
Revenue	24,601	$ 25,510
Graphics Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Revenue	5,081
Graphics Segment [Member] | Legacy Products [Member]
Revenue	14,325
Graphics Segment [Member] | Turnkey Services and Other [Member]
Revenue	5,195
Transferred at Point in Time [Member] | Lighting Segment [Member]
Revenue	40,040
Transferred at Point in Time [Member] | Graphics Segment [Member]
Revenue	14,454
Transferred over Time [Member] | Lighting Segment [Member]
Revenue	5,365
Transferred over Time [Member] | Graphics Segment [Member]
Revenue	$ 10,147

Note 3 - Segment Reporting In_3

Note 3 - Segment Reporting Information (Details Textual)	3 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019
Intersegment Revenue Markup Percentage	10.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Concentration Risk, Percentage	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
	Sep. 30, 2020	Sep. 30, 2019
Net Sales	$ 70,006	$ 88,701
Operating income (loss)	2,202	6,839
Capital expenditures	405	355
Depreciation and amortization	2,033	2,399
Segment Reconciling Items [Member]
Operating income (loss)	(3,209)	(3,337)
Capital expenditures	9	25
Depreciation and amortization	56	235
Lighting Segment [Member]
Net Sales	45,405	63,191
Lighting Segment [Member] | Operating Segments [Member]
Operating income (loss)	3,588	9,159
Capital expenditures	369	330
Depreciation and amortization	1,619	1,778
Graphics Segment [Member]
Net Sales	24,601	25,510
Graphics Segment [Member] | Operating Segments [Member]
Operating income (loss)	1,823	1,017
Capital expenditures	27	0
Depreciation and amortization	$ 358	$ 386

Note 3 - Segment Reporting In_5

Note 3 - Segment Reporting Information - Identifiable Assets by Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020
Identifiable assets	$ 181,795	$ 172,263
Segment Reconciling Items [Member]
Identifiable assets	25,464	18,423
Lighting Segment [Member] | Operating Segments [Member]
Identifiable assets	120,449	118,819
Graphics Segment [Member] | Operating Segments [Member]
Identifiable assets	$ 35,882	$ 35,021

Note 3 - Segment Reporting In_6

Note 3 - Segment Reporting Information - Intersegment Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Inter-segment Revenues	$ 70,006	$ 88,701
Lighting Segment [Member]
Inter-segment Revenues	45,405	63,191
Graphics Segment [Member]
Inter-segment Revenues	24,601	25,510
Intersegment Eliminations [Member] | Lighting Segment [Member]
Inter-segment Revenues	4,080	811
Intersegment Eliminations [Member] | Graphics Segment [Member]
Inter-segment Revenues	$ 38	$ 24

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
		Sep. 30, 2020	Sep. 30, 2019
Net income (loss)		$ 1,990	$ 4,475
Weighted average shares outstanding during the period, net of treasury shares (in shares)		26,318	26,024
Weighted average vested restricted stock units outstanding (in shares)		192	188
Weighted average shares outstanding (in shares)		26,520	26,236
Basic income per share (in dollars per share)		$ 0.08	$ 0.17
Basic (in shares)		26,520	26,236
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any (in shares)	[1]	448	57
Weighted average shares outstanding (in shares)		26,968	26,293
Diluted income per share (in dollars per share)		$ 0.07	$ 0.17
Anti-dilutive securities (b) (in shares)	[2]	1,302	2,861
Restricted Stock Units (RSUs) [Member]
Weighted average vested restricted stock units outstanding (in shares)		10	24
[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 months ended September 30, 2020 and September 30, 2019 because the exercise price was greater than the average fair market price of the common shares or because the assumed proceeds from the award’s exercise or vesting was greater than the average fair market price of the common shares.

Note 5 - Inventories - Inventor

Note 5 - Inventories - Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020
Raw materials	$ 26,335	$ 27,331
Work-in-progress	1,465	1,566
Finished goods	9,551	9,855
Total Inventories	$ 37,351	$ 38,752

Note 6 - Accrued Expenses - Acc

Note 6 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020
Accrued warranty	$ 6,639	$ 6,956
Compensation and benefits	6,179	6,001
Customer prepayments	3,699	1,698
Accrued sales commissions	1,473	1,289
Finance lease liabilities	242	239
Other accrued expenses	4,043	3,874
Total Accrued Expenses	22,567	20,433
Accrued Expenses [Member]
Accrued expenses (Current liabilities)	$ 292	$ 376

Note 7 - Goodwill and Other I_3

Note 7 - Goodwill and Other Intangible Assets (Details Textual)	3 Months Ended
	Sep. 30, 2020
Number of Reporting Units	2
Lighting Segment [Member]
Number of Reporting Units	1
Graphics Segment [Member]
Number of Reporting Units	1

Note 7 - Goodwill and Other I_4

Note 7 - Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020
Goodwill	$ 115,401
Accumulated impairment losses	(105,028)
Goodwill, net	10,373	$ 10,373
Lighting Segment [Member]
Goodwill	86,711
Accumulated impairment losses	(77,503)
Goodwill, net	9,208
Graphics Segment [Member]
Goodwill	28,690
Accumulated impairment losses	(27,525)
Goodwill, net	$ 1,165

Note 7 - Goodwill and Other I_5

Note 7 - Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020
Amortized intangible assets, gross	$ 54,625	$ 54,625
Accumulated amortization	28,758	28,087
Amortized intangible assets, net	25,867	26,538
Indefinite-lived intangible assets, gross	3,422	3,422
Total other intangible assets, gross	58,047	58,047
Total other intangible assets, net	29,289	29,960
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	14,644	14,129
Amortized intangible assets, net	20,919	21,434
Patents [Member]
Amortized intangible assets, gross	338	338
Accumulated amortization	285	277
Amortized intangible assets, net	53	61
Technology-Based Intangible Assets [Member]
Amortized intangible assets, gross	16,066
Accumulated amortization	12,973
Amortized intangible assets, net	3,093
LED Technology Firmware Software [Member]
Amortized intangible assets, gross		16,066
Accumulated amortization		12,852
Amortized intangible assets, net		3,214
Trade Names [Member]
Amortized intangible assets, gross	2,658	2,658
Accumulated amortization	856	829
Amortized intangible assets, net	$ 1,802	$ 1,829

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
	Sep. 30, 2020	Sep. 30, 2019
Amortization Expense of Other Intangible Assets	$ 671	$ 675

Note 7 - Goodwill and Other I_7

Note 7 - Goodwill and Other Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Sep. 30, 2020USD ($)
2021	$ 2,682
2022	2,461
2023	2,412
2024	2,412
2025	2,412
After 2025	$ 14,159

Note 8 - Revolving Line of Cr_2

Note 8 - Revolving Line of Credit (Details Textual) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Feb. 28, 2019	Sep. 30, 2020	Feb. 27, 2019
Long-term Line of Credit, Total		$ 0
Line of Credit Facility, Remaining Borrowing Capacity		$ 75,000
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	$ 75,000		$ 100,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.20%

Note 9 - Cash Dividends (Detail

Note 9 - Cash Dividends (Details Textual) - USD ($)	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Oct. 31, 2020
Payments of Dividends, Total	$ 1,300,000
Dividends Accrued	$ 81,663	$ 34,842
Subsequent Event [Member]
Quarterly Indicated Per Share Dividend Rate (in dollars per share)			$ 0.05
Annual Indicated per Share Dividend Rate (in dollars per share)			$ 0.20

Note 10 - Equity Compensation (

Note 10 - Equity Compensation (Details Textual) $ / shares in Units, $ in Millions	3 Months Ended
	Sep. 30, 2020USD ($)$ / sharesshares	Sep. 30, 2019USD ($)
Share-based Payment Arrangement, Expense | $	$ 0.5	$ 0.4
The 2019 Omnibus Award Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | shares	2,922,194
Share-based Compensation Arrangement by Share-based Payment Award, Fungible Share Ratio	2.5
The 2019 Omnibus Award Plan [Member] | Non-qualified Serviced-based and Inducement Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | shares	318,406
The 2019 Omnibus Award Plan [Member] | Non-qualified Serviced-based and Inducement Stock Options [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 6.80
The 2019 Omnibus Award Plan [Member] | Non-qualified Serviced-based and Inducement Stock Options [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 7.06
The 2019 Omnibus Award Plan [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | shares	134,017
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	$ 6.80
The 2019 Omnibus Award Plan [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | shares	131,126
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	$ 6.80

Note 11 - Supplemental Cash F_3

Note 11 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Interest	$ 24	$ 464
Income taxes	223	0
Issuance of common shares as compensation	75	75
Issuance of common shares to fund deferred compensation plan	$ 412	$ 33

Note 12 - Commitments and Con_2

Note 12 - Commitments and Contingencies (Details Textual) $ in Thousands	Sep. 30, 2020USD ($)
Standby Letters of Credit [Member]
Letters of Credit Outstanding, Amount	$ 0

Note 13 - Severance Costs (Deta

Note 13 - Severance Costs (Details Textual) $ in Millions	Sep. 30, 2020USD ($)
Employee Severance [Member]
Postemployment Benefits Liability, Total	$ 0.4

Note 13 - Severance Costs - Acc

Note 13 - Severance Costs - Accrued Severance Liability Activity (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2020
Balance	$ 639	$ 1,134	$ 1,134
Accrual of expense	0	18	344
Payments	(225)	(162)	(839)
Balance	$ 414	$ 990	$ 639

Note 14 - Restructuring Costs_2

Note 14 - Restructuring Costs (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Proceeds from Sale of Property, Plant, and Equipment, Total	$ 0	$ 12,338
Restructuring Charges, Total	$ 3
Sell Manufacturing Facility In New Windsor, New York [Member]
Proceeds from Sale of Property, Plant, and Equipment, Total		12,300
Gain (Loss) on Disposition of Property Plant Equipment, Total		4,800
Sell Manufacturing Facility In New Windsor, New York [Member] | Facility Closing [Member]
Restructuring Charges, Total		$ 200

Note 14 - Restructuring Costs -

Note 14 - Restructuring Costs - Summary of Restructuring Costs for the Period (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Exit costs	$ 3	$ 184
Impairment of fixed assets and accelerated depreciation	0	49
Gain on sale of facility	0	(4,821)
Total	$ 3	$ (4,588)

Note 14 - Restructuring Costs_3

Note 14 - Restructuring Costs - Liability Balances Related to Restructuring Costs (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2020USD ($)
Balance, beginning	$ 27
Restructuring Expense	3
Payments	(3)
Adjustments	0
Balance, ending	27
Severance and Other Termination Benefits [Member]
Balance, beginning	27
Restructuring Expense	0
Payments	0
Adjustments	0
Balance, ending	27
Other Restructuring [Member]
Balance, beginning	0
Restructuring Expense	3
Payments	(3)
Adjustments	0
Balance, ending	$ 0

Note 15 - Leases (Details Textu

Note 15 - Leases (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Jul. 01, 2019
Operating Lease, Right-of-Use Asset	$ 8,195	$ 8,663
Operating Lease, Liability, Total	$ 8,932	$ 9,397
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset			$ 10,400
Operating Lease, Liability, Total			$ 10,800
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) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2020
Operating lease cost	$ 573	$ 587
Amortization of right of use assets	73	0
Interest on lease liabilities	24	0
Variable lease cost	1	0
Total lease cost	671	587
Fixed payments - operating cash flows	570	573
Liability reduction - operating cash flows	461	443
Interest - operating cash flows	24	0
Repayments of principal portion - financing cash flows	58	$ 0
Total operating right-of-use assets	8,195		$ 8,663
Long-term operating lease liability	8,640		9,021
Total operating lease liabilities	$ 8,932		$ 9,397
Weighted Average remaining Lease Term (in years) (Year)	4 years 4 months 9 days		4 years 7 months 2 days
Weighted Average Discount Rate	4.85%		4.85%
Buildings under finance leases	$ 2,033		$ 2,033
Accumulated depreciation	(121)		(48)
Total finance lease assets, net	1,912		1,985
Accrued expenses (Current liabilities)	242		239
Long-term finance lease liability	1,694		1,755
Total finance lease liabilities	$ 1,936		$ 1,994
Weighted Average remaining Lease Term (in years) (Year)	6 years 6 months 29 days		6 years 9 months 29 days
Weighted Average Discount Rate	4.86%		4.86%
Accrued Expenses [Member]
Accrued expenses (Current liabilities)	$ 292		$ 376

Note 15 - Leases - Maturities o

Note 15 - Leases - Maturities of Lease Liability (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020
2021, operating lease liabilities	$ 1,864
2021, finance lease liabilities	270
2022, operating lease liabilities	2,293
2022, finance lease liabilities	329
2023, operating lease liabilities	2,241
2023, finance lease liabilities	329
2024, operating lease liabilities	1,924
2024, finance lease liabilities	335
2025, operating lease liabilities	1,345
2025, finance lease liabilities	362
Thereafter, operating lease liabilities	360
Thereafter, finance lease liabilities	664
Total lease payments, operating lease liabilities	10,027
Total lease payments, finance lease liabilities	2,289
Less: Interest, operating lease liabilities	(1,095)
Less: Interest, finance lease liabilities	(353)
Present Value of Lease Liabilities, operating lease liabilities	8,932	$ 9,397
Present Value of Lease Liabilities, finance lease liabilities	$ 1,936	$ 1,994

Note 16 - Income Taxes (Details

Note 16 - Income Taxes (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Income Tax Benefit Cares Act	$ 0.4
Deferred Tax Assets, Property, Plant and Equipment		$ 0.9
Sale of Manufacturing Facility in North Canton, Ohio [Member]
Gain (Loss) on Disposition of Property Plant Equipment, Total		$ 4.8

Note 16 - Income Taxes - Reconc

Note 16 - Income Taxes - Reconciliation of Income Tax Rate (Details)	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Provision for income taxes at the anticipated annual tax rate	23.90%	24.10%
Uncertain tax positions	1.00%	0.50%
Tax rate changes	(15.70%)	0.00%
Shared-based compensation	2.40%	4.30%
Other	0.00%	0.40%
Effective tax rate	11.60%	29.30%