LSI Industries (LYTS) 10-Q 4 Feb 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2021	Jan. 28, 2022
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	Q2
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2021
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		26,641,808

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Net Sales	$ 111,143	$ 76,387	$ 217,540	$ 146,393
Cost of products and services sold	85,695	56,676	167,582	108,407
Severance costs	0	5	0	5
Restructuring costs	0	0	0	3
Gross profit	25,448	19,706	49,958	37,978
Selling and administrative expenses	21,026	17,004	41,092	33,074
Severance costs	0	16	0	16
Operating income	4,422	2,686	8,866	4,888
Interest (income)	0	(1)	0	(2)
Interest expense	529	63	763	121
Other expense (income)	9	(135)	88	(240)
Income before income taxes	3,884	2,759	8,015	5,009
Income tax expense	779	551	1,777	811
Net income	$ 3,105	$ 2,208	$ 6,238	$ 4,198
Earnings per common share (see Note 5)
Basic (in dollars per share)	$ 0.11	$ 0.08	$ 0.23	$ 0.16
Diluted (in dollars per share)	$ 0.11	$ 0.08	$ 0.22	$ 0.15
Weighted average common shares outstanding
Basic (in shares)	27,292	26,639	27,144	26,580
Diluted (in shares)	28,067	27,360	27,895	27,161

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Net Income	$ 3,105	$ 2,208	$ 6,238	$ 4,198
Foreign currency translation adjustment	9	102	(35)	147
Comprehensive Income	$ 3,114	$ 2,310	$ 6,203	$ 4,345

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Current assets
Cash and cash equivalents	$ 914	$ 2,282
Accounts receivable, less allowance for credit losses of $405 and $256, respectively	69,168	57,685
Inventories	71,954	58,941
Refundable income taxes	1,194	1,275
Other current assets	3,413	4,825
Total current assets	146,643	125,008
Property, Plant and Equipment, at cost
Land	4,010	3,984
Buildings	24,433	24,393
Machinery and equipment	67,087	65,928
Buildings under finance leases	2,033	2,033
Construction in progress	347	933
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization	97,910	97,271
Less accumulated depreciation	(69,296)	(66,719)
Net property, plant and equipment	28,614	30,552
Goodwill	44,388	43,788
Other intangible assets, net	70,360	72,773
Operating lease right-of-use assets	10,185	11,579
Other long-term assets, net	3,279	3,121
Total assets	303,469	286,821
LIABILITIES & SHAREHOLDERS' EQUITY
Current maturities of long-term debt	3,571	0
Accounts payable	36,737	32,977
Accrued expenses	27,483	37,918
Total current liabilities	67,791	70,895
Long-term debt	83,030	68,178
Finance lease liabilities	1,386	1,521
Operating lease liabilities	9,436	10,890
Other long-term liabilities	2,940	4,167
Commitments and contingencies (Note 13)	0	0
Shareholders' Equity
Preferred shares, without par value; Authorized 1,000,000 shares, none issued	0	0
Common shares, without par value; Authorized 50,000,000 shares; Outstanding 26,630,923 and 26,517,836 shares, respectively	136,707	132,526
Treasury shares, without par value	(4,941)	(2,450)
Deferred compensation plan	4,941	2,450
Retained earnings (loss)	2,165	(1,405)
Accumulated other comprehensive income	14	49
Total shareholders' equity	138,886	131,170
Total liabilities & shareholders' equity	$ 303,469	$ 286,821

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Allowance for doubtful accounts	$ 405	$ 256
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)	50,000,000	50,000,000
Common shares, outstanding (in shares)	26,630,923	26,517,836

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	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, 2020	26,466	(180)
Balance at Jun. 30, 2020	$ 127,713	$ (1,121)	$ 1,121	$ (93)	$ (1,920)	$ 125,700
Net Income	0	0	0	0	4,198	4,198
Other comprehensive income (loss)	$ 0	$ 0	0	147	0	147
Stock compensation awards (in shares)	25	0
Stock compensation awards	$ 150	$ 0	0	0	0	150
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)	96	0
Shares issued for deferred compensation	$ 679	$ 0	0	0	0	679
Activity of treasury shares, net (in shares)	0	(83)
Activity of treasury shares, net	$ 0	$ (571)	0	0	0	(571)
Deferred stock compensation	0	0	571	0	0	571
Stock compensation expense	$ 902	$ 0	0	0	0	902
Stock options exercised, net (in shares)	33	0
Stock options exercised, net	$ 178	$ 0	0	0	0	178
Dividends — $0.20 per share	$ 0	$ 0	0	0	(2,681)	(2,681)
Balance (in shares) at Dec. 31, 2020	26,648	(263)
Balance at Dec. 31, 2020	$ 129,622	$ (1,692)	1,692	54	(403)	129,273
Balance (in shares) at Jun. 30, 2021	26,863	(346)
Balance at Jun. 30, 2021	$ 132,526	$ (2,450)	2,450	49	(1,405)	131,170
Net Income	0	0	0	0	6,238	6,238
Other comprehensive income (loss)	$ 0	$ 0	0	(35)	0	(35)
Stock compensation awards (in shares)	19	0
Stock compensation awards	$ 150	$ 0	0	0	0	150
Shares issued for deferred compensation (in shares)	334	0
Shares issued for deferred compensation	$ 2,569	$ 0	0	0	0	2,569
Activity of treasury shares, net (in shares)	0	(324)
Activity of treasury shares, net	$ 0	$ (2,491)	0	0	0	(2,491)
Deferred stock compensation	0	0	2,491	0	0	2,491
Stock compensation expense	$ 1,686	$ 0	0	0	0	1,686
Stock options exercised, net (in shares)	5	0
Stock options exercised, net	$ 26	$ 0	0	0	0	26
Dividends — $0.20 per share	$ 0	$ 0	0	0	(2,668)	(2,668)
Restricted stock units issued, net of shares withheld for tax withholdings (in shares)	80	0
Restricted stock units issued, net of shares withheld for tax withholdings	$ (250)	$ 0	0	0	0	(250)
Balance (in shares) at Dec. 31, 2021	27,301	(670)
Balance at Dec. 31, 2021	$ 136,707	$ (4,941)	$ 4,941	$ 14	$ 2,165	$ 138,886

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
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	6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash Flows from Operating Activities
Net Income	$ 6,238	$ 4,198
Non-cash items included in net income
Depreciation and amortization	5,101	4,023
Deferred income taxes	(256)	315
Deferred compensation plan	2,569	679
Stock compensation expense	1,686	902
Issuance of common shares as compensation	150	150
Loss on disposition of fixed assets	22	0
Allowance for doubtful accounts	148	96
Inventory obsolescence reserve	955	817
Changes in certain assets and liabilities
Accounts receivable	(11,608)	(6,476)
Inventories	(13,995)	3,195
Refundable income taxes	77	(522)
Accounts payable	3,747	3,933
Accrued expenses and other	(6,360)	834
Customer prepayments	(5,017)	1,273
Net cash flows (used in) provided by operating activities	(16,543)	13,417
Cash Flows from Investing Activities
Purchases of property, plant and equipment	(745)	(880)
Adjustment to JSI acquisition purchase price	500	0
Net cash flows used in investing activities	(245)	(880)
Cash Flows from Financing Activities
Payments of long-term debt	(77,737)	0
Borrowings of long-term debt	96,192	0
Cash dividends paid	(2,657)	(2,639)
Shares withheld for employees' taxes	(250)	(28)
Payments on financing lease obligations	(129)	(118)
Proceeds from stock option exercises	26	178
Net cash flows provided by (used in) financing activities	15,445	(2,607)
Change related to foreign currency	(25)	137
(Decrease) increase in cash and cash equivalents	(1,368)	10,067
Cash and cash equivalents at beginning of period	2,282	3,517
Cash and cash equivalents at end of period	$ 914	$ 13,584

Note 1 - Interim Condensed Cons

Note 1 - Interim Condensed Consolidated Financial Statements	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Condensed Financial Statements [Text Block]	NOTE 1 - INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS The interim condensed consolidated financial statements are unaudited and are prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information, and rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the interim financial statements include all normal adjustments and disclosures necessary to present fairly the Company’s financial position as of December 31, 2021, three six December 31, 2021 2020, six December 31, 2021 2020. 2021 10 June 30, 2021

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2021
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 2021 10 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 display solutions and select lighting products are highly customized for specific customers. As a result, these customized products do not not no ● Customer specific branded print graphics ● Electrical components based on customer specifications ● Digital signage and related media content The Company also offers installation services for its display solutions elements and select lighting products. Installation revenue is recognized over time as the 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 performance obligation. On occasion, the Company enters into bill-and-hold arrangements on a limited basis. Each bill-and-hold arrangement is reviewed and revenue is recognized only when certain criteria have been met: ( 1 not 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 below presents a reconciliation of the disaggregation by reportable segments: Three Months Ended (In thousands) December 31, 2021 December 31, 2020 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 50,141 $ 35,437 $ 39,941 $ 15,987 Products and services transferred over time 7,135 18,430 5,185 15,274 $ 57,276 $ 53,867 $ 45,126 $ 31,261 Six Months Ended (In thousands) December 31, 2021 December 31, 2020 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 94,723 $ 72,868 $ 79,981 $ 30,441 Products and services transferred over time 13,813 36,136 10,550 25,421 $ 108,536 $ 109,004 $ 90,531 $ 55,862 Three Months Ended (In thousands) December 31, 2021 December 31, 2020 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 47,626 $ 12,551 $ 40,514 $ 6,870 Poles, printed graphics, display fixtures 9,079 31,127 4,154 15,392 Project management, installation services, shipping and handling 571 10,189 458 8,999 $ 57,276 $ 53,867 $ 45,126 $ 31,261 Six Months Ended (In thousands) December 31, 2021 December 31, 2020 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 89,505 $ 24,979 $ 78,383 $ 11,951 Poles, printed graphics, display fixtures 18,045 64,429 11,228 29,717 Project management, installation services, shipping and handling 986 19,596 920 14,194 $ 108,536 $ 109,004 $ 90,531 $ 55,862 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: In October 2021, 2021 08, 805 805. 606, December 15, 2022, On July 1, 2020, 2016 13, 326 326 2016 13 not In March 2020 January 2021, 2020 04, 2021 01, March 12, 2020, may December 31, 2022. may

Note 3 - Acquisition of JSI Sto

Note 3 - Acquisition of JSI Store Fixtures	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Business Combination Disclosure [Text Block]	NOTE 3 ACQUISITION OF JSI STORE FIXTURES On May 21, 2021, The Company accounted for this transaction as a business combination. The Company preliminarily allocated the purchase price of approximately $93.7 million, which included an estimate of customary post-closing purchase price adjustments to the assets acquired and liabilities assumed at estimated fair values, and the excess of the purchase price over the aggregate fair values was recorded as goodwill. During the second 2022, fourth 2022. May 21, 2021, May 21, 2021 as initially May 21, 2021 (In thousands) reported Adjustments as adjusted Cash and cash equivalents $ 4,067 $ - $ 4,067 Accounts receivable, net 9,252 - 9,252 Inventories 9,898 - 9,898 Property, plant and equipment 7,076 - 7,076 Other assets 7,440 - 7,440 Intangible assets 45,760 - 45,760 Accounts payable (4,199 ) - (4,199 ) Accrued liabilities (8,434 ) - (8,434 ) Deferred tax liability (10,583 ) - (10,583 ) Identifiable assets 60,277 - 60,277 Goodwill 33,415 600 34,015 Net purchase consideration $ 93,692 $ 600 $ 94,292 The gross amount of accounts receivable is $9.3 million. Goodwill recorded from the acquisition of JSI is attributable to the impact of the positive cash flow from JSI in addition to expected synergies from the business combination. The intangible assets include amounts recognized for the fair value of the trade name, technology assets, non-compete agreements and customer relationships. The fair value of the intangible assets was determined based upon the income (discounted cash flow) approach. The following table presents the details of the intangible assets acquired at the date of acquisition: Estimated Estimated Useful (In thousands) Fair Value Life (Years) Tradename $ 8,680 Indefinite life Technology asset 4,900 7 Non-compete 260 5 Customer relationship 31,920 20 $ 45,760 The fair market value write-up of the property, plant, and equipment totaled $1.8 million. Transaction costs related to the acquisition totaled $2.9 million in the fourth 2021. Pro Forma Impact of the Acquisition of JSI (unaudited) The following table represents unaudited pro forma results of operations and gives effect to the acquisition of JSI as if the transaction had occurred on July 1, 2019. not may not The unaudited pro forma financial information for the twelve June 30, 2021 June 30, 2020 1 2 3 Twelve Months Ended June 30 (In thousands, unaudited) 2021 2020 Net sales $ 391,000 $ 362,541 Gross profit $ 97,947 $ 86,399 Operating income $ 19,312 $ 13,878

Note 4 - Segment Reporting Info

Note 4 - Segment Reporting Information	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 4 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 non-residential outdoor and indoor lighting fixtures utilizing LED light sources that have been fabricated and assembled for the Company’s markets, primarily the petroleum/convenience markets, parking lot and garage markets, quick-service restaurant market, retail and grocery store markets, the automotive market, the warehouse market, and the sports complex market. The Company also offers a variety of lighting controls to complement its lighting fixtures which include sensors, photocontrols, dimmers, motion detection and Bluetooth systems. The Company also services lighting product customers through the commercial and industrial project, 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 Company acquired JSI in the fourth 2021, The Company’s corporate administration activities are reported in the Corporate and Eliminations line item. These activities primarily include intercompany profit in inventory eliminations, expense related to certain corporate officers and support staff, the Company’s internal audit staff, expense related to the Company’s Board of Directors, 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. One three six December 31, 2021, 10% three six December 31, 2020. December 31, 2021 June 30, 2021. Summarized financial information for the Company’s operating segments is provided for the indicated periods and as of December 31, 2021 December 31, 2020: Three Months Ended Six Months Ended (In thousands) December 31 December 31 2021 2020 2021 2020 Net Sales: Lighting Segment $ 57,276 $ 45,126 $ 108,536 $ 90,531 Display Solutions Segment 53,867 31,261 109,004 55,862 $ 111,143 $ 76,387 $ 217,540 $ 146,393 Operating Income (Loss): Lighting Segment $ 4,623 $ 2,134 $ 8,962 $ 5,722 Display Solutions Segment 3,837 3,143 7,586 4,966 Corporate and Eliminations (4,038 ) (2,591 ) (7,682 ) (5,800 ) $ 4,422 $ 2,686 $ 8,866 $ 4,888 Capital Expenditures: Lighting Segment $ 172 $ 275 $ 352 $ 644 Display Solutions Segment 254 40 475 67 Corporate and Eliminations 22 160 (82 ) 169 $ 448 $ 475 $ 745 $ 880 Depreciation and Amortization: Lighting Segment $ 1,450 $ 1,610 $ 2,911 $ 3,229 Display Solutions Segment 1,016 304 2,047 662 Corporate and Eliminations 72 76 143 132 $ 2,538 $ 1,990 $ 5,101 $ 4,023 December 31, 2021 June 30, 2021 Identifiable Assets: Lighting Segment $ 144,107 $ 132,169 Display Solutions Segment 153,921 147,354 Corporate and Eliminations 5,441 7,298 $ 303,469 $ 286,821 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 Six Months Ended (In thousands) December 31 December 31 2021 2020 2021 2020 Lighting Segment inter-segment net sales $ 11,266 $ 5,038 $ 21,723 $ 9,118 Display Solutions Segment inter-segment net sales $ 72 $ 75 $ 235 $ 113 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 5 - Earnings Per Common Sh

Note 5 - Earnings Per Common Share	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 5 EARNINGS PER COMMON SHARE The following table presents the amounts used to compute basic and diluted earnings per common share, as well as the effect of dilutive potential common shares on weighted average shares outstanding (in thousands, except per share data): Three Months Ended Six Months Ended December 31 December 31 2021 2020 2021 2020 BASIC EARNINGS PER SHARE Net income $ 3,105 $ 2,208 $ 6,238 $ 4,198 Weighted average shares outstanding during the period, net of treasury shares 26,625 26,367 26,589 26,343 Weighted average vested restricted stock units outstanding 30 20 24 15 Weighted average shares outstanding in the Deferred Compensation Plan during the period 637 252 531 222 Weighted average shares outstanding 27,292 26,639 27,144 26,580 Basic income per share $ 0.11 $ 0.08 $ 0.23 $ 0.16 DILUTED EARNINGS PER SHARE Net income $ 3,105 $ 2,208 $ 6,238 $ 4,198 Weighted average shares outstanding: Basic 27,292 26,639 27,144 26,580 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 775 721 751 581 Weighted average shares outstanding 28,067 27,360 27,895 27,161 Diluted income per share $ 0.11 $ 0.08 $ 0.22 $ 0.15 Anti-dilutive securities (b) 981 1,062 984 1,101 (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 six December 31, 2021 December 31, 2020

Note 6 - Inventories, Net

Note 6 - Inventories, Net	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 6 INVENTORIES, NET The following information is provided as of the dates indicated: December 31, June 30, (In thousands) 2021 2021 Inventories: Raw materials $ 50,924 $ 40,567 Work-in-progress 2,646 4,757 Finished goods 18,384 13,617 Total Inventories $ 71,954 $ 58,941

Note 7 - Accrued Expenses

Note 7 - Accrued Expenses	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE 7 - ACCRUED EXPENSES The following information is provided as of the dates indicated: December 31, June 30, (In thousands) 2021 2021 Accrued Expenses: Customer prepayments $ 6,333 $ 11,352 Accrued warranty 4,686 5,295 Compensation and benefits 4,649 10,051 Accrued sales commissions 1,953 2,568 Operating lease liabilities 1,446 1,424 Accrued FICA 1,114 1,190 Finance lease liabilities 269 263 Accrued income tax - 434 Other accrued expenses 7,033 5,341 Total Accrued Expenses $ 27,483 $ 37,918

Note 8 - Goodwill and Other Int

Note 8 - Goodwill and Other Intangible Assets	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 8 - GOODWILL AND OTHER INTANGIBLE ASSETS The carrying values of goodwill and other intangible assets with indefinite lives are reviewed at least annually for possible impairment. The Company may first not not no not not first may may The Company identified its reporting units in conjunction with its annual goodwill impairment testing. Following the acquisition of JSI, the Company has a total of three One two not The following table presents information about the Company's goodwill on the dates or for the periods indicated: (In thousands) Display Lighting Solutions Segment Segment Total Balance as of December 31, 2021 Goodwill $ 70,971 $ 62,105 $ 133,076 Measurement period adjustment - 600 600 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of December 31, 2021 $ 9,208 $ 35,180 $ 44,388 Balance as of June 30, 2021 Goodwill $ 70,971 $ 28,690 $ 99,661 Goodwill acquired - 33,415 33,415 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of June 30, 2021 $ 9,208 $ 34,580 $ 43,788 The gross carrying amount and accumulated amortization by each major intangible asset class is as follows: December 31, 2021 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 12,692 $ 49,391 Patents 268 252 16 LED technology firmware, software 20,966 14,007 6,959 Trade name 2,658 994 1,664 Non-compete 260 32 228 Total Amortized Intangible Assets 86,235 27,977 58,258 Indefinite-lived Intangible Assets Trademarks and trade names 12,102 - 12,102 Total indefinite-lived Intangible Assets 12,102 - 12,102 Total Other Intangible Assets $ 98,337 $ 27,977 $ 70,360 June 30, 2021 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 10,967 $ 51,116 Patents 268 237 31 LED technology firmware, software 20,966 13,415 7,551 Trade name 2,658 939 1,719 Non-compete 260 6 254 Total Amortized Intangible Assets 86,235 25,564 60,671 Indefinite-lived Intangible Assets Trademarks and trade names 12,102 - 12,102 Total indefinite-lived Intangible Assets 12,102 - 12,102 Total Other Intangible Assets $ 98,337 $ 25,564 $ 72,773 Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2021 2020 2021 2020 Amortization Expense of Other Intangible Assets $ 1,198 $ 670 $ 2,413 $ 1,341 The Company expects to record annual amortization expense as follows: 2022 $ 4,808 2023 $ 4,760 2024 $ 4,760 2025 $ 4,760 2026 $ 4,754 After 2026 $ 36,829

Note 9 - Debt

Note 9 - Debt	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 9 - DEBT The Company’s long-term debt as of December 31, 2021 June 30, 2021 December 31, June 30, (In thousands) 2021 2021 Secured line of credit $ 62,525 $ 68,178 Term loan, net of debt issuance costs of $31 and $0, respectively 24,076 - Total debt 86,601 68,178 Less: amounts due within one year 3,571 - Total amounts due after one year, net $ 83,030 $ 68,178 In September 2021, third 2026. five not fourth 2022. December 31, 2021, The Company is in compliance with all of its loan covenants as of December 31, 2021.

Note 10 - Cash Dividends

Note 10 - Cash Dividends	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 10 - CASH DIVIDENDS The Company paid cash dividends of $2.7 million and $2.6 million in the six December 31, 2021 December 31, 2020, December 31, 2021 2020, January 2022, February 15, 2022 February 7, 2022. $0.20

Note 11 - Equity Compensation

Note 11 - Equity Compensation	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	NOTE 11 EQUITY COMPENSATION In November 2019, 2019 “2019 2019 may 2019 December 31, 2021. 2019 2019 In the six December 31, 2021, $8.16. three December 31, 2021 2020, six December 31, 2021 2020,

Note 12 - Supplemental Cash Flo

Note 12 - Supplemental Cash Flow Information	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 12 - SUPPLEMENTAL CASH FLOW INFORMATION Six Months Ended (In thousands) December 31 2021 2020 Cash Payments: Interest $ 627 $ 48 Income taxes $ 2,820 $ 1,123 Non-cash investing and financing activities Issuance of common shares as compensation $ 150 $ 150 Issuance of common shares to fund deferred compensation plan $ 2,569 $ 679

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 13 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 December 31, 2021, no

Note 14 - Severance Costs

Note 14 - Severance Costs	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	NOTE 14 SEVERANCE COSTS The activity in the Company’s accrued severance liability is as follows for the periods indicated: Six Months Six Months Fiscal Year Ended Ended Ended December 31, December 31, June 30, (In thousands) 2021 2020 2021 Balance at beginning of period $ 13 $ 639 $ 639 Accrual of expense - 21 41 Payments (13 ) (392 ) (667 ) Balance at end of period $ - $ 268 $ 13

Note 15 - Leases

Note 15 - Leases	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Lessee, Leases [Text Block]	NOTE 15 The Company leases certain manufacturing facilities along with a small office space, several forklifts, several small tooling items and various items of office equipment. The Company also acquired buildings, machinery and forklift leases with the acquisition of JSI, as well as one two one seven not not The Company has periodically entered into short-term operating leases with an initial term of twelve not three six December 31, 2021 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. Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2021 2020 2021 2020 Operating lease cost $ 870 $ 565 $ 1,749 $ 1,138 Financing lease cost: Amortization of right of use assets 74 72 148 145 Interest on lease liabilities 20 23 41 47 Variable lease cost 22 1 44 2 Sublease income (94 ) - (188 ) - Total lease cost $ 892 $ 661 $ 1,794 $ 1,332 Six Months Ended December 31 (In thousands) 2021 2020 Cash flows from operating leases Fixed payments - operating cash flows $ 1,778 $ 1,141 Liability reduction - operating cash flows $ 1,502 $ 929 Cash flows from finance leases Interest - operating cash flows $ 42 $ 47 Repayments of principal portion - financing cash flows $ 129 $ 118 Operating Leases: December 31, June 30, 2021 2021 Total operating right-of-use assets $ 10,185 $ 11,579 Accrued expenses (Current liabilities) $ 1,446 $ 1,424 Long-term operating lease liability 9,436 10,890 Total operating lease liabilities $ 10,882 $ 12,314 Weighted Average remaining Lease Term (in years) 3.49 3.93 Weighted Average Discount Rate 4.81 % 4.81 % Finance Leases: December 31, June 30, 2021 2021 Buildings under finance leases $ 2,033 $ 2,033 Equipment under finance leases 30 30 Accumulated depreciation (487 ) (339 ) Total finance lease assets, net $ 1,576 $ 1,724 Accrued expenses (Current liabilities) $ 269 $ 263 Long-term finance lease liability 1,386 1,521 Total finance lease liabilities $ 1,655 $ 1,784 Weighted Average remaining Lease Term (in years) 5.28 5.78 Weighted Average Discount Rate 4.86 % 4.86 % Maturities of Lease Liability: Operating Lease Liabilities Finance Lease Liabilities Operating Subleases Net Lease Commitments 2022 $ 1,920 $ 191 $ (189 ) $ 1,922 2023 3,577 342 (377 ) 3,542 2024 3,280 337 (377 ) 3,240 2025 2,130 362 (31 ) 2,461 2026 828 362 - 1,190 Thereafter 216 304 - 520 Total lease payments $ 11,951 $ 1,898 $ (974 ) $ 12,875 Less: Interest (1,069 ) (243 ) (1,312 ) Present Value of Lease Liabilities $ 10,882 $ 1,655 $ 11,563

Note 16 - Income Taxes

Note 16 - Income Taxes	6 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 16 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 Three Months Ended Six Months Ended December 31 December 31 2021 2020 2021 2020 Reconciliation of effective tax rate: Provision for income taxes at the anticipated annual tax rate 23.8 % 25.0 % 24.0 % 24.5 % Uncertain tax positions (3.9 ) (4.8 ) (1.5 ) (2.2 ) Tax rate changes - - - (7.0 ) Share-based compensation 0.1 (0.2 ) (0.3 ) 0.9 Effective tax rate 20.0 % 20.0 % 22.2 % 16.2 %

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Consolidation: A summary of the Company’s significant accounting policies is included in Note 1 2021 10
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 display solutions and select lighting products are highly customized for specific customers. As a result, these customized products do not not no ● Customer specific branded print graphics ● Electrical components based on customer specifications ● Digital signage and related media content The Company also offers installation services for its display solutions elements and select lighting products. Installation revenue is recognized over time as the 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 performance obligation. On occasion, the Company enters into bill-and-hold arrangements on a limited basis. Each bill-and-hold arrangement is reviewed and revenue is recognized only when certain criteria have been met: ( 1 not 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 below presents a reconciliation of the disaggregation by reportable segments: Three Months Ended (In thousands) December 31, 2021 December 31, 2020 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 50,141 $ 35,437 $ 39,941 $ 15,987 Products and services transferred over time 7,135 18,430 5,185 15,274 $ 57,276 $ 53,867 $ 45,126 $ 31,261 Six Months Ended (In thousands) December 31, 2021 December 31, 2020 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 94,723 $ 72,868 $ 79,981 $ 30,441 Products and services transferred over time 13,813 36,136 10,550 25,421 $ 108,536 $ 109,004 $ 90,531 $ 55,862 Three Months Ended (In thousands) December 31, 2021 December 31, 2020 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 47,626 $ 12,551 $ 40,514 $ 6,870 Poles, printed graphics, display fixtures 9,079 31,127 4,154 15,392 Project management, installation services, shipping and handling 571 10,189 458 8,999 $ 57,276 $ 53,867 $ 45,126 $ 31,261 Six Months Ended (In thousands) December 31, 2021 December 31, 2020 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 89,505 $ 24,979 $ 78,383 $ 11,951 Poles, printed graphics, display fixtures 18,045 64,429 11,228 29,717 Project management, installation services, shipping and handling 986 19,596 920 14,194 $ 108,536 $ 109,004 $ 90,531 $ 55,862 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: In October 2021, 2021 08, 805 805. 606, December 15, 2022, On July 1, 2020, 2016 13, 326 326 2016 13 not In March 2020 January 2021, 2020 04, 2021 01, March 12, 2020, may December 31, 2022. may

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended (In thousands) December 31, 2021 December 31, 2020 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 50,141 $ 35,437 $ 39,941 $ 15,987 Products and services transferred over time 7,135 18,430 5,185 15,274 $ 57,276 $ 53,867 $ 45,126 $ 31,261 Six Months Ended (In thousands) December 31, 2021 December 31, 2020 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 94,723 $ 72,868 $ 79,981 $ 30,441 Products and services transferred over time 13,813 36,136 10,550 25,421 $ 108,536 $ 109,004 $ 90,531 $ 55,862 Three Months Ended (In thousands) December 31, 2021 December 31, 2020 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 47,626 $ 12,551 $ 40,514 $ 6,870 Poles, printed graphics, display fixtures 9,079 31,127 4,154 15,392 Project management, installation services, shipping and handling 571 10,189 458 8,999 $ 57,276 $ 53,867 $ 45,126 $ 31,261 Six Months Ended (In thousands) December 31, 2021 December 31, 2020 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 89,505 $ 24,979 $ 78,383 $ 11,951 Poles, printed graphics, display fixtures 18,045 64,429 11,228 29,717 Project management, installation services, shipping and handling 986 19,596 920 14,194 $ 108,536 $ 109,004 $ 90,531 $ 55,862

Note 3 - Acquisition of JSI S_2

Note 3 - Acquisition of JSI Store Fixtures (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	May 21, 2021 as initially May 21, 2021 (In thousands) reported Adjustments as adjusted Cash and cash equivalents $ 4,067 $ - $ 4,067 Accounts receivable, net 9,252 - 9,252 Inventories 9,898 - 9,898 Property, plant and equipment 7,076 - 7,076 Other assets 7,440 - 7,440 Intangible assets 45,760 - 45,760 Accounts payable (4,199 ) - (4,199 ) Accrued liabilities (8,434 ) - (8,434 ) Deferred tax liability (10,583 ) - (10,583 ) Identifiable assets 60,277 - 60,277 Goodwill 33,415 600 34,015 Net purchase consideration $ 93,692 $ 600 $ 94,292
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	Estimated Estimated Useful (In thousands) Fair Value Life (Years) Tradename $ 8,680 Indefinite life Technology asset 4,900 7 Non-compete 260 5 Customer relationship 31,920 20 $ 45,760
Business Acquisition, Pro Forma Information [Table Text Block]	Twelve Months Ended June 30 (In thousands, unaudited) 2021 2020 Net sales $ 391,000 $ 362,541 Gross profit $ 97,947 $ 86,399 Operating income $ 19,312 $ 13,878

Note 4 - Segment Reporting In_2

Note 4 - Segment Reporting Information (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Six Months Ended (In thousands) December 31 December 31 2021 2020 2021 2020 Net Sales: Lighting Segment $ 57,276 $ 45,126 $ 108,536 $ 90,531 Display Solutions Segment 53,867 31,261 109,004 55,862 $ 111,143 $ 76,387 $ 217,540 $ 146,393 Operating Income (Loss): Lighting Segment $ 4,623 $ 2,134 $ 8,962 $ 5,722 Display Solutions Segment 3,837 3,143 7,586 4,966 Corporate and Eliminations (4,038 ) (2,591 ) (7,682 ) (5,800 ) $ 4,422 $ 2,686 $ 8,866 $ 4,888 Capital Expenditures: Lighting Segment $ 172 $ 275 $ 352 $ 644 Display Solutions Segment 254 40 475 67 Corporate and Eliminations 22 160 (82 ) 169 $ 448 $ 475 $ 745 $ 880 Depreciation and Amortization: Lighting Segment $ 1,450 $ 1,610 $ 2,911 $ 3,229 Display Solutions Segment 1,016 304 2,047 662 Corporate and Eliminations 72 76 143 132 $ 2,538 $ 1,990 $ 5,101 $ 4,023
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, 2021 June 30, 2021 Identifiable Assets: Lighting Segment $ 144,107 $ 132,169 Display Solutions Segment 153,921 147,354 Corporate and Eliminations 5,441 7,298 $ 303,469 $ 286,821
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Three Months Ended Six Months Ended (In thousands) December 31 December 31 2021 2020 2021 2020 Lighting Segment inter-segment net sales $ 11,266 $ 5,038 $ 21,723 $ 9,118 Display Solutions Segment inter-segment net sales $ 72 $ 75 $ 235 $ 113

Note 5 - Earnings Per Common _2

Note 5 - Earnings Per Common Share (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 2021 2020 2021 2020 BASIC EARNINGS PER SHARE Net income $ 3,105 $ 2,208 $ 6,238 $ 4,198 Weighted average shares outstanding during the period, net of treasury shares 26,625 26,367 26,589 26,343 Weighted average vested restricted stock units outstanding 30 20 24 15 Weighted average shares outstanding in the Deferred Compensation Plan during the period 637 252 531 222 Weighted average shares outstanding 27,292 26,639 27,144 26,580 Basic income per share $ 0.11 $ 0.08 $ 0.23 $ 0.16 DILUTED EARNINGS PER SHARE Net income $ 3,105 $ 2,208 $ 6,238 $ 4,198 Weighted average shares outstanding: Basic 27,292 26,639 27,144 26,580 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 775 721 751 581 Weighted average shares outstanding 28,067 27,360 27,895 27,161 Diluted income per share $ 0.11 $ 0.08 $ 0.22 $ 0.15 Anti-dilutive securities (b) 981 1,062 984 1,101

Note 6 - Inventories, Net (Tabl

Note 6 - Inventories, Net (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, June 30, (In thousands) 2021 2021 Inventories: Raw materials $ 50,924 $ 40,567 Work-in-progress 2,646 4,757 Finished goods 18,384 13,617 Total Inventories $ 71,954 $ 58,941

Note 7 - Accrued Expenses (Tabl

Note 7 - Accrued Expenses (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	December 31, June 30, (In thousands) 2021 2021 Accrued Expenses: Customer prepayments $ 6,333 $ 11,352 Accrued warranty 4,686 5,295 Compensation and benefits 4,649 10,051 Accrued sales commissions 1,953 2,568 Operating lease liabilities 1,446 1,424 Accrued FICA 1,114 1,190 Finance lease liabilities 269 263 Accrued income tax - 434 Other accrued expenses 7,033 5,341 Total Accrued Expenses $ 27,483 $ 37,918

Note 8 - Goodwill and Other I_2

Note 8 - Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Goodwill [Table Text Block]	(In thousands) Display Lighting Solutions Segment Segment Total Balance as of December 31, 2021 Goodwill $ 70,971 $ 62,105 $ 133,076 Measurement period adjustment - 600 600 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of December 31, 2021 $ 9,208 $ 35,180 $ 44,388 Balance as of June 30, 2021 Goodwill $ 70,971 $ 28,690 $ 99,661 Goodwill acquired - 33,415 33,415 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of June 30, 2021 $ 9,208 $ 34,580 $ 43,788
Schedule of Intangible Assets and Goodwill [Table Text Block]	December 31, 2021 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 12,692 $ 49,391 Patents 268 252 16 LED technology firmware, software 20,966 14,007 6,959 Trade name 2,658 994 1,664 Non-compete 260 32 228 Total Amortized Intangible Assets 86,235 27,977 58,258 Indefinite-lived Intangible Assets Trademarks and trade names 12,102 - 12,102 Total indefinite-lived Intangible Assets 12,102 - 12,102 Total Other Intangible Assets $ 98,337 $ 27,977 $ 70,360 June 30, 2021 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 10,967 $ 51,116 Patents 268 237 31 LED technology firmware, software 20,966 13,415 7,551 Trade name 2,658 939 1,719 Non-compete 260 6 254 Total Amortized Intangible Assets 86,235 25,564 60,671 Indefinite-lived Intangible Assets Trademarks and trade names 12,102 - 12,102 Total indefinite-lived Intangible Assets 12,102 - 12,102 Total Other Intangible Assets $ 98,337 $ 25,564 $ 72,773
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2021 2020 2021 2020 Amortization Expense of Other Intangible Assets $ 1,198 $ 670 $ 2,413 $ 1,341
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2022 $ 4,808 2023 $ 4,760 2024 $ 4,760 2025 $ 4,760 2026 $ 4,754 After 2026 $ 36,829

Note 9 - Debt (Tables)

Note 9 - Debt (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Debt [Table Text Block]	December 31, June 30, (In thousands) 2021 2021 Secured line of credit $ 62,525 $ 68,178 Term loan, net of debt issuance costs of $31 and $0, respectively 24,076 - Total debt 86,601 68,178 Less: amounts due within one year 3,571 - Total amounts due after one year, net $ 83,030 $ 68,178

Note 12 - Supplemental Cash F_2

Note 12 - Supplemental Cash Flow Information (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Six Months Ended (In thousands) December 31 2021 2020 Cash Payments: Interest $ 627 $ 48 Income taxes $ 2,820 $ 1,123 Non-cash investing and financing activities Issuance of common shares as compensation $ 150 $ 150 Issuance of common shares to fund deferred compensation plan $ 2,569 $ 679

Note 14 - Severance Costs (Tabl

Note 14 - Severance Costs (Tables)	6 Months Ended
	Dec. 31, 2021
Employee Severance [Member]
Notes Tables
Schedule of Accrued Severance Liability [Table Text Block]	Six Months Six Months Fiscal Year Ended Ended Ended December 31, December 31, June 30, (In thousands) 2021 2020 2021 Balance at beginning of period $ 13 $ 639 $ 639 Accrual of expense - 21 41 Payments (13 ) (392 ) (667 ) Balance at end of period $ - $ 268 $ 13

Note 15 - Leases (Tables)

Note 15 - Leases (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2021 2020 2021 2020 Operating lease cost $ 870 $ 565 $ 1,749 $ 1,138 Financing lease cost: Amortization of right of use assets 74 72 148 145 Interest on lease liabilities 20 23 41 47 Variable lease cost 22 1 44 2 Sublease income (94 ) - (188 ) - Total lease cost $ 892 $ 661 $ 1,794 $ 1,332 Six Months Ended December 31 (In thousands) 2021 2020 Cash flows from operating leases Fixed payments - operating cash flows $ 1,778 $ 1,141 Liability reduction - operating cash flows $ 1,502 $ 929 Cash flows from finance leases Interest - operating cash flows $ 42 $ 47 Repayments of principal portion - financing cash flows $ 129 $ 118 December 31, June 30, 2021 2021 Total operating right-of-use assets $ 10,185 $ 11,579 Accrued expenses (Current liabilities) $ 1,446 $ 1,424 Long-term operating lease liability 9,436 10,890 Total operating lease liabilities $ 10,882 $ 12,314 Weighted Average remaining Lease Term (in years) 3.49 3.93 Weighted Average Discount Rate 4.81 % 4.81 % December 31, June 30, 2021 2021 Buildings under finance leases $ 2,033 $ 2,033 Equipment under finance leases 30 30 Accumulated depreciation (487 ) (339 ) Total finance lease assets, net $ 1,576 $ 1,724 Accrued expenses (Current liabilities) $ 269 $ 263 Long-term finance lease liability 1,386 1,521 Total finance lease liabilities $ 1,655 $ 1,784 Weighted Average remaining Lease Term (in years) 5.28 5.78 Weighted Average Discount Rate 4.86 % 4.86 %
Lessee, Leases, Liability, Maturity [Table Text Block]	Operating Lease Liabilities Finance Lease Liabilities Operating Subleases Net Lease Commitments 2022 $ 1,920 $ 191 $ (189 ) $ 1,922 2023 3,577 342 (377 ) 3,542 2024 3,280 337 (377 ) 3,240 2025 2,130 362 (31 ) 2,461 2026 828 362 - 1,190 Thereafter 216 304 - 520 Total lease payments $ 11,951 $ 1,898 $ (974 ) $ 12,875 Less: Interest (1,069 ) (243 ) (1,312 ) Present Value of Lease Liabilities $ 10,882 $ 1,655 $ 11,563

Note 16 - Income Taxes (Tables)

Note 16 - Income Taxes (Tables)	6 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 2021 2020 2021 2020 Reconciliation of effective tax rate: Provision for income taxes at the anticipated annual tax rate 23.8 % 25.0 % 24.0 % 24.5 % Uncertain tax positions (3.9 ) (4.8 ) (1.5 ) (2.2 ) Tax rate changes - - - (7.0 ) Share-based compensation 0.1 (0.2 ) (0.3 ) 0.9 Effective tax rate 20.0 % 20.0 % 22.2 % 16.2 %

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Revenue	$ 111,143	$ 76,387	$ 217,540	$ 146,393
Lighting Segment [Member]
Revenue	57,276	45,126	108,536	90,531
Lighting Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Revenue	47,626	40,514	89,505	78,383
Lighting Segment [Member] | Poles, Other Display Solution Elements [Member]
Revenue	9,079	4,154	18,045	11,228
Lighting Segment [Member] | Project Management, Installation Services, Shipping and Handling [Member]
Revenue	571	458	986	920
Display Solutions Segment [Member]
Revenue	53,867	31,261	109,004	55,862
Display Solutions Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Revenue	12,551	6,870	24,979	11,951
Display Solutions Segment [Member] | Poles, Other Display Solution Elements [Member]
Revenue	31,127	15,392	64,429	29,717
Display Solutions Segment [Member] | Project Management, Installation Services, Shipping and Handling [Member]
Revenue	10,189	8,999	19,596	14,194
Transferred at Point in Time [Member] | Lighting Segment [Member]
Revenue	50,141	39,941	94,723	79,981
Transferred at Point in Time [Member] | Display Solutions Segment [Member]
Revenue	35,437	15,987	72,868	30,441
Transferred over Time [Member] | Lighting Segment [Member]
Revenue	7,135	5,185	13,813	10,550
Transferred over Time [Member] | Display Solutions Segment [Member]
Revenue	$ 18,430	$ 15,274	$ 36,136	$ 25,421

Note 3 - Acquisition of JSI S_3

Note 3 - Acquisition of JSI Store Fixtures (Details Textual) - USD ($) $ in Thousands	May 21, 2021	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2021	Jun. 30, 2021	Jun. 30, 2020
Goodwill, Purchase Accounting Adjustments				$ 600
JSI Store Fixtures [Member]
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Business Combination, Consideration Transferred, Total	$ 93,700
Business Combination, Consideration Transferred, Liabilities Incurred	71,600
Goodwill, Purchase Accounting Adjustments		$ 600
Cash Received from Recovery of Pre-funded Working		$ 500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	9,252
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Property, Plant, and Equipment	$ 1,800
Business Acquisition, Pro Forma Net Income (Loss)					$ 19,312	$ 13,878
JSI Store Fixtures [Member] | Selling, General and Administrative Expenses [Member]
Business Combination, Acquisition Related Costs			$ 2,900		$ 2,900

Note 3 - Acquisition of JSI S_4

Note 3 - Acquisition of JSI Store Fixtures - Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021	May 21, 2021
Goodwill	$ 44,388	$ 43,788
JSI Store Fixtures [Member]
Cash and cash equivalents			$ 4,067
Accounts receivable, net			9,252
Inventories			9,898
Property, plant and equipment			7,076
Other assets			7,440
Intangible assets			45,760
Accounts payable			(4,199)
Accrued liabilities			(8,434)
Deferred tax liability			(10,583)
Identifiable assets			60,277
Goodwill			34,015
Net purchase consideration			94,292
JSI Store Fixtures [Member] | As Initially Reported [Member]
Cash and cash equivalents			4,067
Accounts receivable, net			9,252
Inventories			9,898
Property, plant and equipment			7,076
Other assets			7,440
Intangible assets			45,760
Accounts payable			(4,199)
Accrued liabilities			(8,434)
Deferred tax liability			(10,583)
Identifiable assets			60,277
Goodwill			33,415
Net purchase consideration			93,692
JSI Store Fixtures [Member] | Fair Value Adjustments [Member]
Goodwill			600
Net purchase consideration			$ 600

Note 3 - Acquisition of JSI S_5

Note 3 - Acquisition of JSI Store Fixtures - Intangible Assets Acquired (Details) - JSI Store Fixtures [Member] $ in Thousands	May 21, 2021USD ($)
Acquired intangible assets	$ 45,760
Technology-Based Intangible Assets [Member]
Finite-lived intangibles assets	$ 4,900
Estimated Useful Life (Year)	7 years
Noncompete Agreements [Member]
Finite-lived intangibles assets	$ 260
Estimated Useful Life (Year)	5 years
Customer Relationships [Member]
Finite-lived intangibles assets	$ 31,920
Estimated Useful Life (Year)	20 years
Trade Names [Member]
Indefinite intangible assets	$ 8,680

Note 3 - Acquisition of JSI S_6

Note 3 - Acquisition of JSI Store Fixtures - Pro Forma Information (Details) - JSI Store Fixtures [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Net sales	$ 391,000	$ 362,541
Gross profit	97,947	86,399
Operating income	$ 19,312	$ 13,878

Note 4 - Segment Reporting In_3

Note 4 - Segment Reporting Information (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2021USD ($)	Jun. 30, 2021	Dec. 31, 2020USD ($)
Number of Operating Segments			2
Revenue from Contract with Customer, Including Assessed Tax	$ 111,143	$ 76,387	$ 217,540		$ 146,393
Intersegment Revenue Markup Percentage			10.00%
Display Solutions Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	53,867	$ 31,261	$ 109,004		$ 55,862
Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Number of Major Customers		0
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Display Solutions Segment [Member] | One Customer [Member]
Number of Major Customers			1
Revenue from Contract with Customer, Including Assessed Tax	$ 11,400		$ 23,700
Concentration Risk, Percentage	10.30%		10.90%
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Number of Major Customers			0	0	0

Note 4 - Segment Reporting In_4

Note 4 - Segment Reporting Information - Summarized Financial Information by Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Net Sales	$ 111,143	$ 76,387	$ 217,540	$ 146,393
Operating income (loss)	4,422	2,686	8,866	4,888
Capital expenditures	448	475	745	880
Depreciation and amortization	2,538	1,990	5,101	4,023
Corporate and Eliminations [Member]
Operating income (loss)	(4,038)	(2,591)	(7,682)	(5,800)
Capital expenditures	22	160	(82)	169
Depreciation and amortization	72	76	143	132
Lighting Segment [Member]
Net Sales	57,276	45,126	108,536	90,531
Lighting Segment [Member] | Operating Segments [Member]
Operating income (loss)	4,623	2,134	8,962	5,722
Capital expenditures	172	275	352	644
Depreciation and amortization	1,450	1,610	2,911	3,229
Display Solutions Segment [Member]
Net Sales	53,867	31,261	109,004	55,862
Display Solutions Segment [Member] | Operating Segments [Member]
Operating income (loss)	3,837	3,143	7,586	4,966
Capital expenditures	254	40	475	67
Depreciation and amortization	$ 1,016	$ 304	$ 2,047	$ 662

Note 4 - Segment Reporting In_5

Note 4 - Segment Reporting Information - Identifiable Assets by Segment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Identifiable assets	$ 303,469	$ 286,821
Corporate and Eliminations [Member]
Identifiable assets	5,441	7,298
Lighting Segment [Member] | Operating Segments [Member]
Identifiable assets	144,107	132,169
Display Solutions Segment [Member] | Operating Segments [Member]
Identifiable assets	$ 153,921	$ 147,354

Note 4 - Segment Reporting In_6

Note 4 - Segment Reporting Information - Intersegment Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer, Including Assessed Tax	$ 111,143	$ 76,387	$ 217,540	$ 146,393
Lighting Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	57,276	45,126	108,536	90,531
Display Solutions Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	53,867	31,261	109,004	55,862
Intersegment Eliminations [Member] | Lighting Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	11,266	5,038	21,723	9,118
Intersegment Eliminations [Member] | Display Solutions Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 72	$ 75	$ 235	$ 113

Note 5 - Earnings per Common _3

Note 5 - Earnings per Common Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Net Income		$ 3,105	$ 2,208	$ 6,238	$ 4,198
Weighted average shares outstanding during the period, net of treasury shares (in shares)		26,625	26,367	26,589	26,343
Weighted average vested restricted stock units outstanding (in shares)		637	252	531	222
Weighted average shares outstanding (in shares)		27,292	26,639	27,144	26,580
Basic income per share (in dollars per share)		$ 0.11	$ 0.08	$ 0.23	$ 0.16
Basic (in shares)		27,292	26,639	27,144	26,580
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any (in shares)	[1]	775	721	751	581
Weighted average shares outstanding (in shares)		28,067	27,360	27,895	27,161
Diluted income per share (in dollars per share)		$ 0.11	$ 0.08	$ 0.22	$ 0.15
Anti-dilutive securities (b) (in shares)	[2]	981	1,062	984	1,101
Restricted Stock Units (RSUs) [Member]
Weighted average vested restricted stock units outstanding (in shares)		30	20	24	15
[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 six months ended December 31, 2021 and December 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 award’s exercise or vesting was greater than the average fair market price of the common shares.

Note 6 - Inventories, Net - Inv

Note 6 - Inventories, Net - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Raw materials	$ 50,924	$ 40,567
Work-in-progress	2,646	4,757
Finished goods	18,384	13,617
Total Inventories	$ 71,954	$ 58,941

Note 7 - Accrued Expenses - Acc

Note 7 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Customer prepayments	$ 6,333	$ 11,352
Accrued warranty	4,686	5,295
Compensation and benefits	4,649	10,051
Accrued sales commissions	1,953	2,568
Accrued FICA	1,114	1,190
Finance lease liabilities	269	263
Accrued income tax	0	434
Other accrued expenses	7,033	5,341
Total Accrued Expenses	27,483	37,918
Accrued Expenses [Member]
Operating lease liabilities	$ 1,446	$ 1,424

Note 8 - Goodwill and Other I_3

Note 8 - Goodwill and Other Intangible Assets (Details Textual)	6 Months Ended
	Dec. 31, 2021
Number of Reporting Units	2
Display Solutions Segment [Member]
Number of Reporting Units	1
Lighting Segment [Member]
Number of Reporting Units	1

Note 8 - Goodwill and Other I_4

Note 8 - Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2021	Dec. 31, 2021
Goodwill	$ 99,661	$ 133,076
Measurement period adjustment		600
Accumulated impairment losses	(89,288)	(89,288)
Goodwill	43,788	44,388
Goodwill acquired	33,415
Lighting Segment [Member]
Goodwill	70,971	70,971
Measurement period adjustment		0
Accumulated impairment losses	(61,763)	(61,763)
Goodwill	9,208	9,208
Goodwill acquired	0
Display Solutions Segment [Member]
Goodwill	28,690	62,105
Measurement period adjustment		600
Accumulated impairment losses	(27,525)	(27,525)
Goodwill	34,580	$ 35,180
Goodwill acquired	$ 33,415

Note 8 - Goodwill and Other I_5

Note 8 - Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Amortized intangible assets, gross	$ 86,235	$ 86,235
Accumulated amortization	27,977	25,564
Amortized intangible assets, net	58,258	60,671
Indefinite-lived intangible assets, gross	12,102	12,102
Total other intangible assets, gross	98,337	98,337
Other intangible assets, net	70,360	72,773
Trademarks and Trade Names [Member]
Indefinite-lived intangible assets, gross	12,102	12,102
Customer Relationships [Member]
Amortized intangible assets, gross	62,083	62,083
Accumulated amortization	12,692	10,967
Amortized intangible assets, net	49,391	51,116
Patents [Member]
Amortized intangible assets, gross	268	268
Accumulated amortization	252	237
Amortized intangible assets, net	16	31
Technology-Based Intangible Assets [Member]
Amortized intangible assets, gross	20,966
Accumulated amortization	14,007
Amortized intangible assets, net	6,959
LED Technology Firmware Software [Member]
Amortized intangible assets, gross		20,966
Accumulated amortization		13,415
Amortized intangible assets, net		7,551
Trade Names [Member]
Amortized intangible assets, gross	2,658	2,658
Accumulated amortization	994	939
Amortized intangible assets, net	1,664	1,719
Noncompete Agreements [Member]
Amortized intangible assets, gross	260	260
Accumulated amortization	32	6
Amortized intangible assets, net	$ 228	$ 254

Note 8 - Goodwill and Other I_6

Note 8 - Goodwill and Other Intangible Assets - Amortization Expense of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Amortization Expense of Other Intangible Assets	$ 1,198	$ 670	$ 2,413	$ 1,341

Note 8 - Goodwill and Other I_7

Note 8 - Goodwill and Other Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2021USD ($)
2022	$ 4,808
2023	4,760
2024	4,760
2025	4,760
2026	4,754
After 2026	$ 36,829

Note 9 - Debt (Details Textual)

Note 9 - Debt (Details Textual) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2021	Jun. 30, 2020
Line of Credit Facility, Maximum Borrowing Capacity					$ 100
Line of Credit Facility, Remaining Borrowing Capacity	$ 75	$ 75
Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.15%
Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.25%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate		0.50%
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		1.00%	2.00%
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		1.00%
London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		2.25%
Base Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		0.00%
Base Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		1.25%
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	75	$ 75
Line of Credit Facility, Remaining Borrowing Capacity				$ 13.4
Term Loan [Member]
Debt Instrument, Face Amount	25	25
Debt Instrument, Annual Principal Payment	$ 3.6	$ 3.6
Debt Instrument, Term (Year)	5 years

Note 9 - Debt - Debt (Details)

Note 9 - Debt - Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Secured line of credit	$ 62,525	$ 68,178
Term loan, net of debt issuance costs of $31 and $0, respectively	86,601	68,178
Less: amounts due within one year	3,571	0
Total amounts due after one year, net	83,030	68,178
Term Loan [Member]
Term loan, net of debt issuance costs of $31 and $0, respectively	$ 24,076	$ 0

Note 9 - Debt - Debt (Details)

Note 9 - Debt - Debt (Details) (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
Term Loan [Member]
Debt Issuance Costs	$ 31	$ 0

Note 10 - Cash Dividends (Detai

Note 10 - Cash Dividends (Details Textual) - USD ($) $ / shares in Units, $ in Millions	Jan. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Feb. 15, 2022
Payments of Dividends, Total		$ 2.7	$ 2.6
Dividends Accrued		$ 0.1	$ 0.1
Subsequent Event [Member]
Quarterly Indicated Per Share Dividend Rate (in dollars per share)				$ 0.05
Dividends Payable, Date to be Paid	Feb. 15, 2022

Note 11 - Equity Compensation (

Note 11 - Equity Compensation (Details Textual) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2021USD ($)shares	Dec. 31, 2020USD ($)	Dec. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)
Share-based Payment Arrangement, Expense | $	$ 1.1	$ 0.4	$ 1.7	$ 0.9
The 2019 Omnibus Award Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)	1,692,180		1,692,180
Share-based Compensation Arrangement by Share-based Payment Award, Fungible Share Ratio			2.5
The 2019 Omnibus Award Plan [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			189,980
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			$ 8.16
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)			145,781
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			$ 8.16

Note 12 - Supplemental Cash F_3

Note 12 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Interest	$ 627	$ 48
Income taxes	2,820	1,123
Issuance of common shares as compensation	150	150
Issuance of common shares to fund deferred compensation plan	$ 2,569	$ 679

Note 13 - Commitments and Con_2

Note 13 - Commitments and Contingencies (Details Textual) $ in Thousands	Dec. 31, 2021USD ($)
Standby Letters of Credit [Member]
Letters of Credit Outstanding, Amount	$ 0

Note 14 - Severance Costs - Acc

Note 14 - Severance Costs - Accrued Severance Liability Activity (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021
Balance	$ 13	$ 639	$ 639
Accrual of expense	0	21	41
Payments	(13)	(392)	(667)
Balance	$ 0	$ 268	$ 13

Note 15 - Leases (Details Textu

Note 15 - Leases (Details Textual)	6 Months Ended
	Dec. 31, 2021
Minimum [Member]
Lessee, Leases, Remaining Term (Year)	1 year
Maximum [Member]
Lessee, Leases, Remaining Term (Year)	7 years

Note 15 - Leases - Operating Le

Note 15 - Leases - Operating Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021
Operating lease cost	$ 870	$ 565	$ 1,749	$ 1,138
Amortization of right of use assets	74	72	148	145
Interest on lease liabilities	20	23	41	47
Variable lease cost	22	1	44	2
Sublease income	(94)	0	(188)	0
Total lease cost	892	$ 661	1,794	1,332
Fixed payments - operating cash flows			1,778	1,141
Liability reduction - operating cash flows			1,502	929
Interest - operating cash flows			42	47
Repayments of principal portion - financing cash flows			129	$ 118
Total operating right-of-use assets	10,185		10,185		$ 11,579
Long-term operating lease liability	9,436		9,436		10,890
Total operating lease liabilities	$ 10,882		$ 10,882		$ 12,314
Weighted Average remaining Lease Term (in years) (Year)	3 years 5 months 26 days		3 years 5 months 26 days		3 years 11 months 4 days
Weighted Average Discount Rate	4.81%		4.81%		4.81%
Finance leases, right of use assets	$ 2,033		$ 2,033		$ 2,033
Accumulated depreciation	(487)		(487)		(339)
Total finance lease assets, net	1,576		1,576		1,724
Accrued expenses (Current liabilities)	269		269		263
Long-term finance lease liability	1,386		1,386		1,521
Total finance lease liabilities	$ 1,655		$ 1,655		$ 1,784
Weighted Average remaining Lease Term (in years) (Year)	5 years 3 months 10 days		5 years 3 months 10 days		5 years 9 months 10 days
Weighted Average Discount Rate	4.86%		4.86%		4.86%
Accrued Expenses [Member]
Operating lease liabilities	$ 1,446		$ 1,446		$ 1,424
Buildings Under Finance Leases [Member]
Finance leases, right of use assets	2,033		2,033		2,033
Equipment Under Finance Leases [Member]
Finance leases, right of use assets	$ 30		$ 30		$ 30

Note 15 - Leases - Maturities o

Note 15 - Leases - Maturities of Lease Liability (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021
2022	$ 1,920
2022	191
2022	(189)
2022	1,922
2023	3,577
2023	342
2023	(377)
2023	3,542
2024	3,280
2024	337
2024	(377)
2024	3,240
2025	2,130
2025	362
2025	(31)
2025	2,461
2026	828
2026	362
2026	0
2026	1,190
Thereafter	216
Thereafter	304
Thereafter	0
Thereafter	520
Total lease payments, operating lease liabilities	11,951
Total lease payments, finance lease liabilities	1,898
Total lease payments, operating subleases	(974)
Total lease payments, net lease commitments	12,875
Less: Interest, operating lease liabilities	(1,069)
Less: Interest, finance lease liabilities	(243)
Less: Interest, net lease commitments	(1,312)
Present Value of Lease Liabilities, operating lease liabilities	10,882	$ 12,314
Present Value of Lease Liabilities, finance lease liabilities	1,655	$ 1,784
Present Value of Lease Liabilities, net lease commitments	$ 11,563

Note 16 - Income Taxes (Details

Note 16 - Income Taxes (Details Textual) $ in Millions	3 Months Ended
	Sep. 30, 2020USD ($)
Income Tax Benefit Cares Act	$ 0.4

Note 16 - Income Taxes - Reconc

Note 16 - Income Taxes - Reconciliation of Income Tax Rate (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Provision for income taxes at the anticipated annual tax rate	23.80%	25.00%	24.00%	24.50%
Uncertain tax positions	(3.90%)	(4.80%)	(1.50%)	(2.20%)
Tax rate changes	0.00%	0.00%	0.00%	(7.00%)
Share-based compensation	(0.10%)	0.20%	0.30%	(0.90%)
Effective tax rate	20.00%	20.00%	22.20%	16.20%