LSI Industries (LYTS) 10-Q 6 May 22 2022 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Mar. 31, 2022	Apr. 29, 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	Q3
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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		26,654,990

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Net Sales	$ 110,111	$ 72,204	$ 327,651	$ 218,597
Cost of products and services sold	83,318	54,112	250,900	162,519
Severance costs	0	0	0	5
Restructuring costs	0	0	0	3
Gross profit	26,793	18,092	76,751	56,070
Selling and administrative expenses	21,627	15,996	62,719	49,070
Severance costs	5	0	5	16
Operating income	5,161	2,096	14,027	6,984
Interest (income)	0	(2)	0	(4)
Interest expense	524	54	1,287	175
Other (income) expense	(55)	43	33	(197)
Income before income taxes	4,692	2,001	12,707	7,010
Income tax expense	1,074	529	2,851	1,340
Net income	$ 3,618	$ 1,472	$ 9,856	$ 5,670
Earnings per common share (see Note 5)
Basic (in dollars per share)	$ 0.13	$ 0.05	$ 0.36	$ 0.21
Diluted (in dollars per share)	$ 0.13	$ 0.05	$ 0.35	$ 0.21
Weighted average common shares outstanding
Basic (in shares)	27,378	26,771	27,220	26,642
Diluted (in shares)	28,083	27,727	27,945	27,352

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Net Income	$ 3,618	$ 1,472	$ 9,856	$ 5,670
Foreign currency translation adjustment	46	(54)	11	93
Comprehensive Income	$ 3,664	$ 1,418	$ 9,867	$ 5,763

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Current assets
Cash and cash equivalents	$ 1,248	$ 2,282
Accounts receivable, less allowance for credit losses of $421 and $256, respectively	73,618	57,685
Inventories	78,364	58,941
Refundable income taxes	1,029	1,275
Other current assets	4,299	4,825
Total current assets	158,558	125,008
Property, Plant and Equipment, at cost
Land	4,010	3,984
Buildings	24,454	24,393
Machinery and equipment	67,446	65,928
Buildings under finance leases	2,033	2,033
Construction in progress	665	933
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization	98,608	97,271
Less accumulated depreciation	(70,626)	(66,719)
Net property, plant and equipment	27,982	30,552
Goodwill	44,388	43,788
Other intangible assets, net	69,162	72,773
Operating lease right-of-use assets	9,464	11,579
Other long-term assets, net	3,001	3,121
Total assets	312,555	286,821
LIABILITIES & SHAREHOLDERS' EQUITY
Current maturities of long-term debt	3,571	0
Accounts payable	38,697	32,977
Accrued expenses	32,903	37,918
Total current liabilities	75,171	70,895
Long-term debt	81,387	68,178
Finance lease liabilities	1,316	1,521
Operating lease liabilities	9,068	10,890
Other long-term liabilities	3,068	4,167
Commitments and contingencies (Note 13)
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 26,642,320 and 26,517,836 shares, respectively	138,082	132,526
Treasury shares, without par value	(5,457)	(2,450)
Deferred compensation plan	5,457	2,450
Retained earnings (loss)	4,403	(1,405)
Accumulated other comprehensive income	60	49
Total shareholders' equity	142,545	131,170
Total liabilities & shareholders' equity	$ 312,555	$ 286,821

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Allowance for doubtful accounts	$ 421	$ 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)	26,642,320	26,517,836

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ 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	5,670	5,670
Other comprehensive income	$ 0	$ 0	0	93	0	93
Stock compensation awards (in shares)	35	0
Stock compensation awards	$ 242	$ 0	0	0	0	242
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)	141	0
Shares issued for deferred compensation	$ 1,096	$ 0	0	0	0	1,096
Activity of treasury shares, net (in shares)	0	(128)
Activity of treasury shares, net	$ 0	$ (990)	0	0	0	(990)
Deferred stock compensation	0	0	990	0	0	990
Stock compensation expense	$ 1,317	$ 0	0	0	0	1,317
Stock options exercised, net (in shares)	128	0
Stock options exercised, net	$ 962	$ 0	0	0	0	962
Dividends — $0.20 per share	$ 0	$ 0	0	0	(4,010)	(4,010)
Balance (in shares) at Mar. 31, 2021	26,798	(308)
Balance at Mar. 31, 2021	$ 131,330	$ (2,111)	2,111	0	(260)	131,070
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	9,856	9,856
Other comprehensive income	$ 0	$ 0	0	11	0	11
Stock compensation awards (in shares)	30	0
Stock compensation awards	$ 225	$ 0	0	0	0	225
Shares issued for deferred compensation (in shares)	412	0
Shares issued for deferred compensation	$ 3,089	$ 0	0	0	0	3,089
Activity of treasury shares, net (in shares)	0	(401)
Activity of treasury shares, net	$ 0	$ (3,007)	0	0	0	(3,007)
Deferred stock compensation	0	0	3,007	0	0	3,007
Stock compensation expense	$ 2,466	$ 0	0	0	0	2,466
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	(4,048)	(4,048)
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 Mar. 31, 2022	27,390	(747)
Balance at Mar. 31, 2022	$ 138,082	$ (5,457)	$ 5,457	$ 60	$ 4,403	$ 142,545

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Dividend per share (in dollars per share)	$ 0.20	$ 0.20

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash Flows from Operating Activities
Net Income	$ 9,856	$ 5,670
Non-cash items included in net income
Depreciation and amortization	7,632	5,943
Deferred income taxes	26	332
Deferred compensation plan	3,089	1,096
Stock compensation expense	2,466	1,317
Issuance of common shares as compensation	225	242
Loss on disposition of fixed assets	57	0
Allowance for doubtful accounts	205	(15)
Inventory obsolescence reserve	752	1,226
Changes in certain assets and liabilities
Accounts receivable	(16,104)	(6,867)
Inventories	(20,175)	(2,817)
Refundable income taxes	247	(444)
Accounts payable	5,695	10,450
Accrued expenses and other	(3,708)	1,269
Customer prepayments	(2,931)	7,232
Net cash flows (used in) provided by operating activities	(12,668)	24,634
Cash Flows from Investing Activities
Purchases of property, plant and equipment	(1,276)	(1,517)
Adjustment to JSI acquisition purchase price	500	0
Net cash flows used in investing activities	(776)	(1,517)
Cash Flows from Financing Activities
Payments of long-term debt	(113,195)	0
Borrowings of long-term debt	130,006	0
Cash dividends paid	(3,989)	(3,963)
Shares withheld for employees' taxes	(250)	(28)
Payments on financing lease obligations	(196)	(178)
Proceeds from stock option exercises	26	962
Net cash flows provided by (used in) financing activities	12,402	(3,207)
Change related to foreign currency	8	101
(Decrease) increase in cash and cash equivalents	(1,034)	20,011
Cash and cash equivalents at beginning of period	2,282	3,517
Cash and cash equivalents at end of period	$ 1,248	$ 23,528

Note 1 - Interim Condensed Cons

Note 1 - Interim Condensed Consolidated Financial Statements	9 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Condensed Financial Statements [Text Block]	NOTE 1 - INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS The interim condensed consolidated financial statements are unaudited and are prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information, and rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the interim financial statements include all normal adjustments and disclosures necessary to present fairly the Company’s financial position as of March 31, 2022, three nine March 31, 2022 2021, nine March 31, 2022 2021. 2021 10 June 30, 2021

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2022
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 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) March 31, 2022 March 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 49,283 $ 41,231 $ 39,497 $ 12,550 Products and services transferred over time 7,843 11,754 6,243 13,914 $ 57,126 $ 52,985 $ 45,740 $ 26,464 Nine Months Ended (In thousands) March 31, 2022 March 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 144,006 $ 114,099 $ 119,478 $ 42,991 Products and services transferred over time 21,656 47,890 16,793 39,335 $ 165,662 $ 161,989 $ 136,271 $ 82,326 Three Months Ended (In thousands) March 31, 2022 March 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 47,196 $ 6,906 $ 40,298 $ 8,595 Poles, printed graphics, display fixtures 9,358 35,536 5,071 11,809 Project management, installation services, shipping and handling 572 10,543 371 6,060 $ 57,126 $ 52,985 $ 45,740 $ 26,464 Nine Months Ended (In thousands) March 31, 2022 March 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 136,701 $ 31,885 $ 118,681 $ 20,546 Poles, printed graphics, display fixtures 27,403 99,965 16,299 41,526 Project management, installation services, shipping and handling 1,558 30,139 1,291 20,254 $ 165,662 $ 161,989 $ 136,271 $ 82,326 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. Reclassifications Certain amounts reported in the prior year in Note 7 New Accounting Pronouncements: In October 2021, 2021 08, 805 805. 606, December 15, 2022, may 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. not

Note 3 - Acquisition of JSI Sto

Note 3 - Acquisition of JSI Store Fixtures	9 Months Ended
	Mar. 31, 2022
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 2021 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	9 Months Ended
	Mar. 31, 2022
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 operating segments are Lighting and Display Solutions (formerly known as the Graphics Segment), with 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. There were no customers or customer programs representing a concentration of 10% three nine March 31, 2022 March 31, 2021. March 31, 2022 June 30, 2021. Summarized financial information for the Company’s operating segments is provided for the indicated periods and as of March 31, 2022 March 31, 2021: Three Months Ended Nine Months Ended (In thousands) March 31 March 31 2022 2021 2022 2021 Net Sales: Lighting Segment $ 57,126 $ 45,740 $ 165,662 $ 136,271 Display Solutions Segment 52,985 26,464 161,989 82,326 $ 110,111 $ 72,204 $ 327,651 $ 218,597 Operating Income (Loss): Lighting Segment $ 4,959 $ 3,797 $ 13,921 $ 9,519 Display Solutions Segment 4,556 1,230 12,142 6,196 Corporate and Eliminations (4,354 ) (2,931 ) (12,036 ) (8,731 ) $ 5,161 $ 2,096 $ 14,027 $ 6,984 Capital Expenditures: Lighting Segment $ 272 $ 605 $ 624 $ 1,249 Display Solutions Segment 185 17 660 84 Corporate and Eliminations 74 15 (8 ) 184 $ 531 $ 637 $ 1,276 $ 1,517 Depreciation and Amortization: Lighting Segment $ 1,450 $ 1,566 $ 4,361 $ 4,795 Display Solutions Segment 1,021 278 3,068 940 Corporate and Eliminations 60 76 203 208 $ 2,531 $ 1,920 $ 7,632 $ 5,943 March 31, 2022 June 30, 2021 Identifiable Assets: Lighting Segment $ 149,062 $ 132,169 Display Solutions Segment 158,415 147,354 Corporate and Eliminations 5,078 7,298 $ 312,555 $ 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 Nine Months Ended (In thousands) March 31 March 31 2022 2021 2022 2021 Lighting Segment inter-segment net sales $ 5,683 $ 6,880 $ 27,406 $ 15,998 Display Solutions Segment inter-segment net sales $ 54 $ 46 $ 289 $ 159 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	9 Months Ended
	Mar. 31, 2022
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 Nine Months Ended March 31 March 31 2022 2021 2022 2021 BASIC EARNINGS PER SHARE Net income $ 3,618 $ 1,472 $ 9,856 $ 5,670 Weighted average shares outstanding during the period, net of treasury shares 26,642 26,467 26,606 26,384 Weighted average vested restricted stock units outstanding 31 20 26 16 Weighted average shares outstanding in the Deferred Compensation Plan during the period 705 284 588 242 Weighted average shares outstanding 27,378 26,771 27,220 26,642 Basic income per share $ 0.13 $ 0.05 $ 0.36 $ 0.21 DILUTED EARNINGS PER SHARE Net income $ 3,618 $ 1,472 $ 9,856 $ 5,670 Weighted average shares outstanding: Basic 27,378 26,771 27,220 26,642 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 705 956 725 710 Weighted average shares outstanding 28,083 27,727 27,945 27,352 Diluted income per share $ 0.13 $ 0.05 $ 0.35 $ 0.21 Anti-dilutive securities (b) 1,427 654 1,043 1,017 (a) Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period. (b) Anti-dilutive securities were excluded from the computation of diluted net income per share for the three nine March 31, 2022 March 31, 2021

Note 6 - Inventories, Net

Note 6 - Inventories, Net	9 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 6 INVENTORIES, NET The following information is provided as of the dates indicated: March 31, June 30, (In thousands) 2022 2021 Inventories: Raw materials $ 53,534 $ 40,567 Work-in-progress 2,789 4,757 Finished goods 22,041 13,617 Total Inventories $ 78,364 $ 58,941

Note 7 - Accrued Expenses

Note 7 - Accrued Expenses	9 Months Ended
	Mar. 31, 2022
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: March 31, June 30, (In thousands) 2022 2021 Accrued Expenses: Customer prepayments $ 8,421 $ 11,352 Compensation and benefits 8,029 10,051 Accrued warranty 4,337 5,295 Accrued freight 3,213 1,629 Accrued sales commissions 2,458 2,568 Accrued FICA 1,179 1,190 Operating lease liabilities 1,070 1,424 Finance lease liabilities 272 263 Accrued income tax - 434 Other accrued expenses 3,924 3,712 Total Accrued Expenses $ 32,903 $ 37,918

Note 8 - Goodwill and Other Int

Note 8 - Goodwill and Other Intangible Assets	9 Months Ended
	Mar. 31, 2022
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 reporting units that contain goodwill. One not As of March 1, 2022 , one second fourth 2022 . 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 March 31, 2022 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 March 31, 2022 $ 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 Company has two March 1, 2022 first second fourth 2022 . not The gross carrying amount and accumulated amortization by each major intangible asset class is as follows: March 31, 2022 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 13,546 $ 48,537 Patents 268 260 8 LED technology firmware, software 20,966 14,303 6,663 Trade name 2,658 1,021 1,637 Non-compete 260 45 215 Total Amortized Intangible Assets 86,235 29,175 57,060 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 $ 29,175 $ 69,162 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 Nine Months Ended March 31 March 31 (In thousands) 2022 2021 2022 2021 Amortization Expense of Other Intangible Assets $ 1,198 $ 671 $ 3,611 $ 2,012 The Company expects to record annual amortization expense as follows: (In thousands) 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	9 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 9 - DEBT The Company’s long-term debt as of March 31, 2022 June 30, 2021 March 31, June 30, (In thousands) 2022 2021 Secured line of credit $ 61,774 $ 68,178 Term loan, net of debt issuance costs of $ 30 0 23,184 - Total debt 84,958 68,178 Less: amounts due within one year 3,571 - Total amounts due after one year, net $ 81,387 $ 68,178 In September 2021, third 2026. five not first 2023. March 31, 2022, The Company is in compliance with all of its loan covenants as of March 31, 2022.

Note 10 - Cash Dividends

Note 10 - Cash Dividends	9 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 10 - CASH DIVIDENDS The Company paid cash dividends of $4.0 million in both the nine March 31, 2022 March 31, 2021. March 31, 2022 2021. April 2022, May 17, 2022 May 9, 2022

Note 11 - Equity Compensation

Note 11 - Equity Compensation	9 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	NOTE 11 EQUITY COMPENSATION In November 2019, 2019 “2019 2019 may 2019 March 31, 2022. 2019 2019 In the nine March 31, 2022, three March 31, 2022 2021, nine March 31, 2022 2021,

Note 12 - Supplemental Cash Flo

Note 12 - Supplemental Cash Flow Information	9 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 12 - SUPPLEMENTAL CASH FLOW INFORMATION Nine Months Ended (In thousands) March 31 2022 2021 Cash Payments: Interest $ 1,067 $ 71 Income taxes $ 3,581 $ 1,473 Non-cash investing and financing activities Issuance of common shares as compensation $ 225 $ 242 Issuance of common shares to fund deferred compensation plan $ 3,089 $ 1,096

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	9 Months Ended
	Mar. 31, 2022
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 March 31, 2022,

Note 14 - Severance Costs

Note 14 - Severance Costs	9 Months Ended
	Mar. 31, 2022
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: Nine Months Nine Months Fiscal Year Ended Ended Ended March 31, March 31, June 30, (In thousands) 2022 2021 2021 Balance at beginning of period $ 13 $ 639 $ 639 Accrual of expense 5 21 41 Payments (18 ) (555 ) (667 ) Balance at end of period $ - $ 105 $ 13

Note 15 - Leases

Note 15 - Leases	9 Months Ended
	Mar. 31, 2022
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 nine March 31, 2022 2021, 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 Nine Months Ended March 31 March 31 (In thousands) 2022 2021 2022 2021 Operating lease cost $ 868 $ 576 $ 2,617 $ 1,714 Financing lease cost: Amortization of right of use assets 74 73 221 218 Interest on lease liabilities 19 22 61 69 Variable lease cost 22 - 65 2 Sublease income (94 ) - (283 ) - Total lease cost $ 889 $ 671 $ 2,681 $ 2,003 Supplemental Cash Flow Information: Nine Months Ended March 31 (In thousands) 2022 2021 Cash flows from operating leases Fixed payments - operating cash flows $ 2,669 $ 1,707 Liability reduction - operating cash flows $ 2,271 $ 1,397 Cash flows from finance leases Interest - operating cash flows $ 61 $ 69 Repayments of principal portion - financing cash flows $ 196 $ 178 Operating Leases: March 31, June 30, 2022 2021 Total operating right-of-use assets $ 9,464 $ 11,579 Accrued expenses (Current liabilities) $ 1,070 $ 1,424 Long-term operating lease liability 9,068 10,890 Total operating lease liabilities $ 10,138 $ 12,314 Weighted Average remaining Lease Term (in years) 3.27 3.93 Weighted Average Discount Rate 4.81 % 4.81 % Finance Leases: March 31, June 30, 2022 2021 Buildings under finance leases $ 2,033 $ 2,033 Equipment under finance leases 30 30 Accumulated depreciation (561 ) (339 ) Total finance lease assets, net $ 1,502 $ 1,724 Accrued expenses (Current liabilities) $ 272 $ 263 Long-term finance lease liability 1,316 1,521 Total finance lease liabilities $ 1,588 $ 1,784 Weighted Average remaining Lease Term (in years) 5.03 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 $ 1,029 $ 105 $ (94 ) $ 1,040 2023 3,583 342 (377 ) 3,548 2024 3,280 337 (377 ) 3,240 2025 2,131 362 (31 ) 2,462 2026 829 362 - 1,191 Thereafter 221 303 - 524 Total lease payments $ 11,073 $ 1,811 $ (879 ) $ 12,005 Less: Interest (935 ) (223 ) (1,158 ) Present Value of Lease Liabilities $ 10,138 $ 1,588 $ 10,847

Note 16 - Income Taxes

Note 16 - Income Taxes	9 Months Ended
	Mar. 31, 2022
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 Nine Months Ended March 31 March 31 2022 2021 2022 2021 Reconciliation of effective tax rate: Provision for income taxes at the anticipated annual tax rate 22.4 % 23.8 % 23.4 % 24.3 % Uncertain tax positions 0.5 0.8 (0.8 ) (1.3 ) Tax rate changes - - - (5.0 ) Share-based compensation - 1.8 (0.2 ) 1.1 Effective tax rate 22.9 % 26.4 % 22.4 % 19.1 %

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2022
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 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) March 31, 2022 March 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 49,283 $ 41,231 $ 39,497 $ 12,550 Products and services transferred over time 7,843 11,754 6,243 13,914 $ 57,126 $ 52,985 $ 45,740 $ 26,464 Nine Months Ended (In thousands) March 31, 2022 March 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 144,006 $ 114,099 $ 119,478 $ 42,991 Products and services transferred over time 21,656 47,890 16,793 39,335 $ 165,662 $ 161,989 $ 136,271 $ 82,326 Three Months Ended (In thousands) March 31, 2022 March 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 47,196 $ 6,906 $ 40,298 $ 8,595 Poles, printed graphics, display fixtures 9,358 35,536 5,071 11,809 Project management, installation services, shipping and handling 572 10,543 371 6,060 $ 57,126 $ 52,985 $ 45,740 $ 26,464 Nine Months Ended (In thousands) March 31, 2022 March 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 136,701 $ 31,885 $ 118,681 $ 20,546 Poles, printed graphics, display fixtures 27,403 99,965 16,299 41,526 Project management, installation services, shipping and handling 1,558 30,139 1,291 20,254 $ 165,662 $ 161,989 $ 136,271 $ 82,326 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.
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications Certain amounts reported in the prior year in Note 7
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements: In October 2021, 2021 08, 805 805. 606, December 15, 2022, may 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. not

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Mar. 31, 2022
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended (In thousands) March 31, 2022 March 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 49,283 $ 41,231 $ 39,497 $ 12,550 Products and services transferred over time 7,843 11,754 6,243 13,914 $ 57,126 $ 52,985 $ 45,740 $ 26,464 Nine Months Ended (In thousands) March 31, 2022 March 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 144,006 $ 114,099 $ 119,478 $ 42,991 Products and services transferred over time 21,656 47,890 16,793 39,335 $ 165,662 $ 161,989 $ 136,271 $ 82,326 Three Months Ended (In thousands) March 31, 2022 March 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 47,196 $ 6,906 $ 40,298 $ 8,595 Poles, printed graphics, display fixtures 9,358 35,536 5,071 11,809 Project management, installation services, shipping and handling 572 10,543 371 6,060 $ 57,126 $ 52,985 $ 45,740 $ 26,464 Nine Months Ended (In thousands) March 31, 2022 March 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 136,701 $ 31,885 $ 118,681 $ 20,546 Poles, printed graphics, display fixtures 27,403 99,965 16,299 41,526 Project management, installation services, shipping and handling 1,558 30,139 1,291 20,254 $ 165,662 $ 161,989 $ 136,271 $ 82,326

Note 3 - Acquisition of JSI S_2

Note 3 - Acquisition of JSI Store Fixtures (Tables)	9 Months Ended
	Mar. 31, 2022
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)	9 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Nine Months Ended (In thousands) March 31 March 31 2022 2021 2022 2021 Net Sales: Lighting Segment $ 57,126 $ 45,740 $ 165,662 $ 136,271 Display Solutions Segment 52,985 26,464 161,989 82,326 $ 110,111 $ 72,204 $ 327,651 $ 218,597 Operating Income (Loss): Lighting Segment $ 4,959 $ 3,797 $ 13,921 $ 9,519 Display Solutions Segment 4,556 1,230 12,142 6,196 Corporate and Eliminations (4,354 ) (2,931 ) (12,036 ) (8,731 ) $ 5,161 $ 2,096 $ 14,027 $ 6,984 Capital Expenditures: Lighting Segment $ 272 $ 605 $ 624 $ 1,249 Display Solutions Segment 185 17 660 84 Corporate and Eliminations 74 15 (8 ) 184 $ 531 $ 637 $ 1,276 $ 1,517 Depreciation and Amortization: Lighting Segment $ 1,450 $ 1,566 $ 4,361 $ 4,795 Display Solutions Segment 1,021 278 3,068 940 Corporate and Eliminations 60 76 203 208 $ 2,531 $ 1,920 $ 7,632 $ 5,943
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	March 31, 2022 June 30, 2021 Identifiable Assets: Lighting Segment $ 149,062 $ 132,169 Display Solutions Segment 158,415 147,354 Corporate and Eliminations 5,078 7,298 $ 312,555 $ 286,821
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Three Months Ended Nine Months Ended (In thousands) March 31 March 31 2022 2021 2022 2021 Lighting Segment inter-segment net sales $ 5,683 $ 6,880 $ 27,406 $ 15,998 Display Solutions Segment inter-segment net sales $ 54 $ 46 $ 289 $ 159

Note 5 - Earnings Per Common _2

Note 5 - Earnings Per Common Share (Tables)	9 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended March 31 March 31 2022 2021 2022 2021 BASIC EARNINGS PER SHARE Net income $ 3,618 $ 1,472 $ 9,856 $ 5,670 Weighted average shares outstanding during the period, net of treasury shares 26,642 26,467 26,606 26,384 Weighted average vested restricted stock units outstanding 31 20 26 16 Weighted average shares outstanding in the Deferred Compensation Plan during the period 705 284 588 242 Weighted average shares outstanding 27,378 26,771 27,220 26,642 Basic income per share $ 0.13 $ 0.05 $ 0.36 $ 0.21 DILUTED EARNINGS PER SHARE Net income $ 3,618 $ 1,472 $ 9,856 $ 5,670 Weighted average shares outstanding: Basic 27,378 26,771 27,220 26,642 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 705 956 725 710 Weighted average shares outstanding 28,083 27,727 27,945 27,352 Diluted income per share $ 0.13 $ 0.05 $ 0.35 $ 0.21 Anti-dilutive securities (b) 1,427 654 1,043 1,017

Note 6 - Inventories, Net (Tabl

Note 6 - Inventories, Net (Tables)	9 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 31, June 30, (In thousands) 2022 2021 Inventories: Raw materials $ 53,534 $ 40,567 Work-in-progress 2,789 4,757 Finished goods 22,041 13,617 Total Inventories $ 78,364 $ 58,941

Note 7 - Accrued Expenses (Tabl

Note 7 - Accrued Expenses (Tables)	9 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	March 31, June 30, (In thousands) 2022 2021 Accrued Expenses: Customer prepayments $ 8,421 $ 11,352 Compensation and benefits 8,029 10,051 Accrued warranty 4,337 5,295 Accrued freight 3,213 1,629 Accrued sales commissions 2,458 2,568 Accrued FICA 1,179 1,190 Operating lease liabilities 1,070 1,424 Finance lease liabilities 272 263 Accrued income tax - 434 Other accrued expenses 3,924 3,712 Total Accrued Expenses $ 32,903 $ 37,918

Note 8 - Goodwill and Other I_2

Note 8 - Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Goodwill [Table Text Block]	(In thousands) Display Lighting Solutions Segment Segment Total Balance as of March 31, 2022 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 March 31, 2022 $ 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]	March 31, 2022 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 13,546 $ 48,537 Patents 268 260 8 LED technology firmware, software 20,966 14,303 6,663 Trade name 2,658 1,021 1,637 Non-compete 260 45 215 Total Amortized Intangible Assets 86,235 29,175 57,060 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 $ 29,175 $ 69,162 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 Nine Months Ended March 31 March 31 (In thousands) 2022 2021 2022 2021 Amortization Expense of Other Intangible Assets $ 1,198 $ 671 $ 3,611 $ 2,012
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(In thousands) 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)	9 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Debt [Table Text Block]	March 31, June 30, (In thousands) 2022 2021 Secured line of credit $ 61,774 $ 68,178 Term loan, net of debt issuance costs of $ 30 0 23,184 - Total debt 84,958 68,178 Less: amounts due within one year 3,571 - Total amounts due after one year, net $ 81,387 $ 68,178

Note 12 - Supplemental Cash F_2

Note 12 - Supplemental Cash Flow Information (Tables)	9 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Nine Months Ended (In thousands) March 31 2022 2021 Cash Payments: Interest $ 1,067 $ 71 Income taxes $ 3,581 $ 1,473 Non-cash investing and financing activities Issuance of common shares as compensation $ 225 $ 242 Issuance of common shares to fund deferred compensation plan $ 3,089 $ 1,096

Note 14 - Severance Costs (Tabl

Note 14 - Severance Costs (Tables)	9 Months Ended
	Mar. 31, 2022
Employee Severance [Member]
Notes Tables
Schedule of Accrued Severance Liability [Table Text Block]	Nine Months Nine Months Fiscal Year Ended Ended Ended March 31, March 31, June 30, (In thousands) 2022 2021 2021 Balance at beginning of period $ 13 $ 639 $ 639 Accrual of expense 5 21 41 Payments (18 ) (555 ) (667 ) Balance at end of period $ - $ 105 $ 13

Note 15 - Leases (Tables)

Note 15 - Leases (Tables)	9 Months Ended
	Mar. 31, 2022
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended Nine Months Ended March 31 March 31 (In thousands) 2022 2021 2022 2021 Operating lease cost $ 868 $ 576 $ 2,617 $ 1,714 Financing lease cost: Amortization of right of use assets 74 73 221 218 Interest on lease liabilities 19 22 61 69 Variable lease cost 22 - 65 2 Sublease income (94 ) - (283 ) - Total lease cost $ 889 $ 671 $ 2,681 $ 2,003 Nine Months Ended March 31 (In thousands) 2022 2021 Cash flows from operating leases Fixed payments - operating cash flows $ 2,669 $ 1,707 Liability reduction - operating cash flows $ 2,271 $ 1,397 Cash flows from finance leases Interest - operating cash flows $ 61 $ 69 Repayments of principal portion - financing cash flows $ 196 $ 178 Operating Leases: March 31, June 30, 2022 2021 Total operating right-of-use assets $ 9,464 $ 11,579 Accrued expenses (Current liabilities) $ 1,070 $ 1,424 Long-term operating lease liability 9,068 10,890 Total operating lease liabilities $ 10,138 $ 12,314 Weighted Average remaining Lease Term (in years) 3.27 3.93 Weighted Average Discount Rate 4.81 % 4.81 % Finance Leases: March 31, June 30, 2022 2021 Buildings under finance leases $ 2,033 $ 2,033 Equipment under finance leases 30 30 Accumulated depreciation (561 ) (339 ) Total finance lease assets, net $ 1,502 $ 1,724 Accrued expenses (Current liabilities) $ 272 $ 263 Long-term finance lease liability 1,316 1,521 Total finance lease liabilities $ 1,588 $ 1,784 Weighted Average remaining Lease Term (in years) 5.03 5.78 Weighted Average Discount Rate 4.86 % 4.86 %
Lessee, Leases, Liability, Maturity [Table Text Block]	Maturities of Lease Liability: Operating Lease Liabilities Finance Lease Liabilities Operating Subleases Net Lease Commitments 2022 $ 1,029 $ 105 $ (94 ) $ 1,040 2023 3,583 342 (377 ) 3,548 2024 3,280 337 (377 ) 3,240 2025 2,131 362 (31 ) 2,462 2026 829 362 - 1,191 Thereafter 221 303 - 524 Total lease payments $ 11,073 $ 1,811 $ (879 ) $ 12,005 Less: Interest (935 ) (223 ) (1,158 ) Present Value of Lease Liabilities $ 10,138 $ 1,588 $ 10,847

Note 16 - Income Taxes (Tables)

Note 16 - Income Taxes (Tables)	9 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Three Months Ended Nine Months Ended March 31 March 31 2022 2021 2022 2021 Reconciliation of effective tax rate: Provision for income taxes at the anticipated annual tax rate 22.4 % 23.8 % 23.4 % 24.3 % Uncertain tax positions 0.5 0.8 (0.8 ) (1.3 ) Tax rate changes - - - (5.0 ) Share-based compensation - 1.8 (0.2 ) 1.1 Effective tax rate 22.9 % 26.4 % 22.4 % 19.1 %

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Revenue	$ 110,111	$ 72,204	$ 327,651	$ 218,597
Lighting Segment [Member]
Revenue	57,126	45,740	165,662	136,271
Lighting Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Revenue	47,196	40,298	136,701	118,681
Lighting Segment [Member] | Poles, Other Display Solution Elements [Member]
Revenue	9,358	5,071	27,403	16,299
Lighting Segment [Member] | Project Management, Installation Services, Shipping and Handling [Member]
Revenue	572	371	1,558	1,291
Display Solutions Segment [Member]
Revenue	52,985	26,464	161,989	82,326
Display Solutions Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Revenue	6,906	8,595	31,885	20,546
Display Solutions Segment [Member] | Poles, Other Display Solution Elements [Member]
Revenue	35,536	11,809	99,965	41,526
Display Solutions Segment [Member] | Project Management, Installation Services, Shipping and Handling [Member]
Revenue	10,543	6,060	30,139	20,254
Transferred at Point in Time [Member] | Lighting Segment [Member]
Revenue	49,283	39,497	144,006	119,478
Transferred at Point in Time [Member] | Display Solutions Segment [Member]
Revenue	41,231	12,550	114,099	42,991
Transferred over Time [Member] | Lighting Segment [Member]
Revenue	7,843	6,243	21,656	16,793
Transferred over Time [Member] | Display Solutions Segment [Member]
Revenue	$ 11,754	$ 13,914	$ 47,890	$ 39,335

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	Mar. 31, 2022	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	Mar. 31, 2022	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)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Number of Operating Segments			2
Intersegment Revenue Markup Percentage			10.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Number of Major Customers	0	0	0	0
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Number of Major Customers			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		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Net Sales	$ 110,111	$ 72,204	$ 327,651	$ 218,597
Operating income (loss)	5,161	2,096	14,027	6,984
Capital expenditures	531	637	1,276	1,517
Depreciation and amortization	2,531	1,920	7,632	5,943
Corporate and Eliminations [Member]
Operating income (loss)	(4,354)	(2,931)	(12,036)	(8,731)
Capital expenditures	74	15	(8)	184
Depreciation and amortization	60	76	203	208
Lighting Segment [Member]
Net Sales	57,126	45,740	165,662	136,271
Lighting Segment [Member] | Operating Segments [Member]
Operating income (loss)	4,959	3,797	13,921	9,519
Capital expenditures	272	605	624	1,249
Depreciation and amortization	1,450	1,566	4,361	4,795
Display Solutions Segment [Member]
Net Sales	52,985	26,464	161,989	82,326
Display Solutions Segment [Member] | Operating Segments [Member]
Operating income (loss)	4,556	1,230	12,142	6,196
Capital expenditures	185	17	660	84
Depreciation and amortization	$ 1,021	$ 278	$ 3,068	$ 940

Note 4 - Segment Reporting In_5

Note 4 - Segment Reporting Information - Identifiable Assets by Segment (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Identifiable assets	$ 312,555	$ 286,821
Corporate and Eliminations [Member]
Identifiable assets	5,078	7,298
Lighting Segment [Member] | Operating Segments [Member]
Identifiable assets	149,062	132,169
Display Solutions Segment [Member] | Operating Segments [Member]
Identifiable assets	$ 158,415	$ 147,354

Note 4 - Segment Reporting In_6

Note 4 - Segment Reporting Information - Intersegment Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Inter-segment Revenues	$ 110,111	$ 72,204	$ 327,651	$ 218,597
Lighting Segment [Member]
Inter-segment Revenues	57,126	45,740	165,662	136,271
Display Solutions Segment [Member]
Inter-segment Revenues	52,985	26,464	161,989	82,326
Intersegment Eliminations [Member] | Lighting Segment [Member]
Inter-segment Revenues	5,683	6,880	27,406	15,998
Intersegment Eliminations [Member] | Display Solutions Segment [Member]
Inter-segment Revenues	$ 54	$ 46	$ 289	$ 159

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		9 Months Ended
		Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Net Income		$ 3,618	$ 1,472	$ 9,856	$ 5,670
Weighted average shares outstanding during the period, net of treasury shares (in shares)		26,642	26,467	26,606	26,384
Weighted average vested restricted stock units outstanding (in shares)		705	284	588	242
Weighted average shares outstanding (in shares)		27,378	26,771	27,220	26,642
Basic income per share (in dollars per share)		$ 0.13	$ 0.05	$ 0.36	$ 0.21
Basic (in shares)		27,378	26,771	27,220	26,642
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any (in shares)	[1]	705	956	725	710
Weighted average shares outstanding (in shares)		28,083	27,727	27,945	27,352
Diluted income per share (in dollars per share)		$ 0.13	$ 0.05	$ 0.35	$ 0.21
Anti-dilutive securities (b) (in shares)	[2]	1,427	654	1,043	1,017
Restricted Stock Units (RSUs) [Member]
Weighted average vested restricted stock units outstanding (in shares)		31	20	26	16
[1]	Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period.
[2]	Anti-dilutive securities were excluded from the computation of diluted net income per share for the three and nine months ended March 31, 2022 and March 31, 2021 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	Mar. 31, 2022	Jun. 30, 2021
Raw materials	$ 53,534	$ 40,567
Work-in-progress	2,789	4,757
Finished goods	22,041	13,617
Total Inventories	$ 78,364	$ 58,941

Note 7 - Accrued Expenses - Acc

Note 7 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Customer prepayments	$ 8,421	$ 11,352
Compensation and benefits	8,029	10,051
Accrued warranty	4,337	5,295
Accrued freight	3,213	1,629
Accrued sales commissions	2,458	2,568
Accrued FICA	1,179	1,190
Finance lease liabilities	272	263
Accrued income tax	0	434
Other accrued expenses	3,924	3,712
Total Accrued Expenses	32,903	37,918
Accrued Expenses [Member]
Operating lease liabilities	$ 1,070	$ 1,424

Note 8 - Goodwill and Other I_3

Note 8 - Goodwill and Other Intangible Assets (Details Textual) $ in Thousands	Mar. 01, 2022USD ($)	Mar. 31, 2022
Number of Reporting Units		3
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill)	$ 0
First Indefinite Lived Intangible Asset [Member]
Intangible Assets, Indefinite-lived, Amount of Fair Value in Excess of Carrying Amount	$ 17,000
Intangible Assets, Indefinite-lived, Percentage of Fair Value in Excess of Carrying Amount	396.00%
Second Indefinite Lived Intangible Asset [Member]
Intangible Assets, Indefinite-lived, Amount of Fair Value in Excess of Carrying Amount	$ 10,600
Intangible Assets, Indefinite-lived, Percentage of Fair Value in Excess of Carrying Amount	22.00%
Display Solutions Segment [Member]
Number of Reporting Units		2
Display Solutions Segment [Member] | First Reporting Unit [Member]
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount	$ 12,200
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	1316.00%
Display Solutions Segment [Member] | Second Reporting Unit [Member]
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount	$ 100,400
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	12.00%
Lighting Segment [Member]
Number of Reporting Units		1
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount	$ 31,600
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	18.00%

Note 8 - Goodwill and Other I_4

Note 8 - Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2021	Mar. 31, 2022
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	Mar. 31, 2022	Jun. 30, 2021
Amortized intangible assets, gross	$ 86,235	$ 86,235
Accumulated amortization	29,175	25,564
Amortized intangible assets, net	57,060	60,671
Indefinite-lived intangible assets, gross	12,102	12,102
Total other intangible assets, gross	98,337	98,337
Other intangible assets, net	69,162	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	13,546	10,967
Amortized intangible assets, net	48,537	51,116
Patents [Member]
Amortized intangible assets, gross	268	268
Accumulated amortization	260	237
Amortized intangible assets, net	8	31
Technology-Based Intangible Assets [Member]
Amortized intangible assets, gross	20,966
Accumulated amortization	14,303
Amortized intangible assets, net	6,663
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	1,021	939
Amortized intangible assets, net	1,637	1,719
Noncompete Agreements [Member]
Amortized intangible assets, gross	260	260
Accumulated amortization	45	6
Amortized intangible assets, net	$ 215	$ 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		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Amortization Expense of Other Intangible Assets	$ 1,198	$ 671	$ 3,611	$ 2,012

Note 8 - Goodwill and Other I_7

Note 8 - Goodwill and Other Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Mar. 31, 2022USD ($)
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, 2022	Mar. 31, 2022	Jun. 30, 2020
Line of Credit Facility, Maximum Borrowing Capacity				$ 100
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%
London Interbank Offered Rate (LIBOR) [Member] | Forecast [Member]
Debt Instrument, Basis Spread on Variable Rate		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			$ 13.2
Term Loan [Member]
Debt Instrument, Face Amount	25
Debt Instrument, Annual Principal Payment	$ 3.6
Debt Instrument, Term (Year)	5 years

Note 9 - Debt - Debt (Details)

Note 9 - Debt - Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Secured line of credit	$ 61,774	$ 68,178
Term loan, net of debt issuance costs of $30 and $0, respectively	84,958	68,178
Less: amounts due within one year	3,571	0
Total amounts due after one year, net	81,387	68,178
Term Loan [Member]
Term loan, net of debt issuance costs of $30 and $0, respectively	$ 23,184	$ 0

Note 9 - Debt - Debt (Details)

Note 9 - Debt - Debt (Details) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Term Loan [Member]
Debt Issuance Costs	$ 30	$ 0

Note 10 - Cash Dividends (Detai

Note 10 - Cash Dividends (Details Textual) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	9 Months Ended
	Apr. 30, 2022	Mar. 31, 2022	Mar. 31, 2021
Payments of Dividends, Total		$ 4	$ 4
Dividends Accrued		$ 0.1	$ 0.1
Annual Indicated per Share Dividend Rate (in dollars per share)		$ 0.20
Subsequent Event [Member]
Quarterly Indicated Per Share Dividend Rate (in dollars per share)	$ 0.05
Dividends Payable, Date to be Paid	May 17, 2022
Dividends Payable, Date of Record	May 9, 2022

Note 11 - Equity Compensation (

Note 11 - Equity Compensation (Details Textual) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2022USD ($)shares	Mar. 31, 2021USD ($)	Mar. 31, 2022USD ($)$ / sharesshares	Mar. 31, 2021USD ($)
Share-Based Payment Arrangement, Expense | $	$ 0.8	$ 0.4	$ 2.5	$ 1.3
The 2019 Omnibus Award Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)	1,569,938		1,569,938
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	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest	$ 1,067	$ 71
Income taxes	3,581	1,473
Issuance of common shares as compensation	225	242
Issuance of common shares to fund deferred compensation plan	$ 3,089	$ 1,096

Note 13 - Commitments and Con_2

Note 13 - Commitments and Contingencies (Details Textual) $ in Thousands	Mar. 31, 2022USD ($)
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	9 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Balance	$ 13	$ 639	$ 639
Accrual of expense	5	21	41
Payments	(18)	(555)	(667)
Balance	$ 0	$ 105	$ 13

Note 15 - Leases (Details Textu

Note 15 - Leases (Details Textual)	9 Months Ended
	Mar. 31, 2022
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		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Operating lease cost	$ 868	$ 576	$ 2,617	$ 1,714
Amortization of right of use assets	74	73	221	218
Interest on lease liabilities	19	22	61	69
Variable lease cost	22	0	65	2
Sublease income	(94)	0	(283)	0
Total lease cost	889	$ 671	2,681	2,003
Fixed payments - operating cash flows			2,669	1,707
Liability reduction - operating cash flows			2,271	1,397
Interest - operating cash flows			61	69
Repayments of principal portion - financing cash flows			196	$ 178
Total operating right-of-use assets	9,464		9,464		$ 11,579
Long-term operating lease liability	9,068		9,068		10,890
Total operating lease liabilities	$ 10,138		$ 10,138		$ 12,314
Weighted Average remaining Lease Term (in years) (Year)	3 years 3 months 7 days		3 years 3 months 7 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	(561)		(561)		(339)
Total finance lease assets, net	1,502		1,502		1,724
Accrued expenses (Current liabilities)	272		272		263
Long-term finance lease liability	1,316		1,316		1,521
Total finance lease liabilities	$ 1,588		$ 1,588		$ 1,784
Weighted Average remaining Lease Term (in years) (Year)	5 years 10 days		5 years 10 days		5 years 9 months 10 days
Weighted Average Discount Rate	4.86%		4.86%		4.86%
Accrued Expenses [Member]
Operating lease liabilities	$ 1,070		$ 1,070		$ 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	Mar. 31, 2022	Jun. 30, 2021
2022, operating lease liabilities	$ 1,029
2022, finance lease liabilities	105
2022, operating subleases	(94)
2022	1,040
2023, operating lease liabilities	3,583
2023, finance lease liabilities	342
2023, operating subleases	(377)
2023, net lease commitments	3,548
2024, operating lease liabilities	3,280
2024, finance lease liabilities	337
2024, operating subleases	(377)
2024, net lease commitments	3,240
2025, operating lease liabilities	2,131
2025, finance lease liabilities	362
2025, operating subleases	(31)
2025, net lease commitments	2,462
2026, operating lease liabilities	829
2026, finance lease liabilities	362
2026, operating subleases	0
2026, net lease commitments	1,191
Thereafter, operating lease liabilities	221
Thereafter, finance lease liabilities	303
Thereafter, operating subleases	0
Thereafter, net lease commitments	524
Total lease payments, operating lease liabilities	11,073
Total lease payments, finance lease liabilities	1,811
Total lease payments, operating subleases	(879)
Total lease payments, net lease commitments	12,005
Less: Interest, operating lease liabilities	(935)
Less: Interest, finance lease liabilities	(223)
Less: Interest, net lease commitments	(1,158)
Present Value of Lease Liabilities, operating lease liabilities	10,138	$ 12,314
Present Value of Lease Liabilities, finance lease liabilities	1,588	$ 1,784
Present Value of Lease Liabilities, net lease commitments	$ 10,847

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		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Provision for income taxes at the anticipated annual tax rate	22.40%	23.80%	23.40%	24.30%
Uncertain tax positions	0.50%	0.80%	(0.80%)	(1.30%)
Tax rate changes	0.00%	0.00%	0.00%	(5.00%)
Share-based compensation	0.00%	(1.80%)	0.20%	(1.10%)
Effective tax rate	22.90%	26.40%	22.40%	19.10%