LSI Industries (LYTS) 10-K 9 Sep 22 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2022	Aug. 31, 2022	Dec. 31, 2021
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	FY
Document Fiscal Year Focus	2022
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	0-13375
Entity Address, Address Line One	10000 Alliance Road
Entity Incorporation, State or Country Code	OH
Entity Address, City or Town	Cincinnati
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45242
Entity Tax Identification Number	31-0888951
City Area Code	513
Local Phone Number	793-3200
Title of 12(b) Security	Common shares, no par value
Trading Symbol	LYTS
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 166,774,208
Entity Common Stock, Shares Outstanding		26,884,612
Auditor Name	GRANT THORNTON LLP
Auditor Location	Cincinnati, Ohio
Auditor Firm ID	248

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Net sales	$ 455,120	$ 315,612
Cost of products and services sold	345,912	236,637
Severance costs	0	15
Restructuring costs	0	(14)
Gross profit	109,208	78,974
Selling and administrative expenses	87,995	70,918
Severance Costs	12	26
Operating income	21,201	8,030
Interest (income)	0	(19)
Interest expense	1,968	287
Other expense (income)	148	(154)
Income before income taxes	19,085	7,916
Income tax expense	4,053	2,048
Net income	$ 15,032	$ 5,868
Earnings per common share (see Note 4)
Basic (in dollars per share)	$ 0.55	$ 0.22
Diluted (in dollars per share)	$ 0.54	$ 0.21
Weighted average common shares outstanding
Basic (in shares)	27,286	26,692
Diluted (in shares)	27,993	27,440

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Net income	$ 15,032	$ 5,868
Foreign currency translation adjustment	(4)	142
Comprehensive Income	$ 15,028	$ 6,010

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Current assets
Cash and cash equivalents	$ 2,462	$ 2,282
Accounts receivable, less allowance for credit losses of $499 and $256, respectively	77,750	57,685
Inventories	74,421	58,941
Refundable income tax	1,041	1,275
Other current assets	3,243	4,825
Total current assets	158,917	125,008
Property, Plant and Equipment, at cost
Land	4,010	3,984
Buildings	24,495	24,393
Machinery and equipment	66,762	65,928
Buildings under finance leases	2,033	2,033
Construction in progress	618	933
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization	97,918	97,271
Less accumulated depreciation	(70,760)	(66,719)
Net property, plant and equipment	27,158	30,552
Goodwill	45,030	43,788
Total other intangible assets, net	67,964	72,773
Operating Lease Right-Of-Use Assets	8,664	11,579
Other Long-Term Assets, net	3,347	3,121
Total assets	311,080	286,821
LIABILITIES & SHAREHOLDERS' EQUITY
Current maturities of long-term debt	3,571	0
Accounts payable	34,783	32,977
Accrued expenses	36,264	37,918
Total current liabilities	74,618	70,895
Long-Term Debt	76,025	68,178
Finance Lease Liabilities	1,246	1,521
Operating Lease Liabilities	8,240	10,890
Other Long-Term Liabilities	3,182	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 40,000,000 shares; Outstanding 26,662,638 and 26,517,836 shares, respectively	139,500	132,526
Treasury shares, without par value	(5,927)	(2,450)
Deferred compensation plan	5,927	2,450
Retained Earnings (Loss)	8,224	(1,405)
Accumulated other comprehensive income	45	49
Total shareholders' equity	147,769	131,170
Total liabilities & shareholders' equity	$ 311,080	$ 286,821

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Allowance for doubtful accounts	$ 499	$ 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)	40,000,000	40,000,000
Common shares, outstanding (in shares)	26,662,638	26,517,836

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - 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	5,868	5,868
Other comprehensive income (loss)	$ 0	$ 0	0	142	0	142
Stock compensation awards (in shares)	43	0
Stock compensation awards	$ 315	$ 0	0	0	0	315
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)	193	0
Shares issued for deferred compensation	$ 1,534	$ 0	0	0	0	1,534
Activity of treasury shares, net (in shares)	0	(166)
Activity of treasury shares, net	$ 0	$ (1,329)	0	0	0	(1,329)
Deferred stock compensation	0	0	1,329	0	0	1,329
Stock-based compensation expense	$ 1,977	$ 0	0	0	0	1,977
Stock options exercised, net (in shares)	133	0
Stock options exercised, net	$ 987	$ 0	0	0	0	987
Dividends — $0.20 per share	$ 0	$ 0	0	0	(5,353)	(5,353)
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	15,032	15,032
Other comprehensive income (loss)	$ 0	$ 0	0	(4)	0	(4)
Stock compensation awards (in shares)	42	0
Stock compensation awards	$ 300	$ 0	0	0	0	300
Restricted stock units issued (in shares)	80	0
Restricted stock units issued	$ (250)	$ 0	0	0	0	(250)
Shares issued for deferred compensation (in shares)	494	0
Shares issued for deferred compensation	$ 3,610	$ 0	0	0	0	3,610
Activity of treasury shares, net (in shares)	0	(476)
Activity of treasury shares, net	$ 0	$ (3,477)	0	0	0	(3,477)
Deferred stock compensation	0	0	3,477	0	0	3,477
Stock-based compensation expense	$ 3,288	$ 0	0	0	0	$ 3,288
Stock options exercised, net (in shares)	5	0				4,833
Stock options exercised, net	$ 26	$ 0	0	0	0	$ 26
Dividends — $0.20 per share	$ 0	$ 0	0	0	(5,403)	(5,403)
Balance (in shares) at Jun. 30, 2022	27,484	(822)
Balance at Jun. 30, 2022	$ 139,500	$ (5,927)	$ 5,927	$ 45	$ 8,224	$ 147,769

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Dividend per share (in dollars per share)	$ 0.20	$ 0.20

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash Flows from Operating Activities
Net income	$ 15,032	$ 5,868
Non-cash items included in net income
Depreciation and amortization	10,118	8,114
Deferred income taxes	(342)	(1,058)
Deferred compensation plan	3,610	1,534
Stock compensation expense	3,288	1,977
Issuance of common shares as compensation	300	315
Loss on disposition of fixed assets	65	154
Allowance for doubtful accounts	246	19
Inventory obsolescence reserve	2,111	1,754
Changes in certain assets and liabilities:
Accounts receivable	(20,311)	(10,570)
Inventories	(17,586)	(11,983)
Refundable income taxes	235	1,517
Accounts payable	1,784	14,442
Accrued expenses and other	(2,413)	15,926
Net cash (used in) from operating activities	(3,863)	28,009
Cash Flows from Investing Activities
Acquisition of JSI	500	(90,725)
Purchases of property, plant, and equipment	(2,122)	(2,233)
Proceeds from the sale of fixed assets	49	0
Net cash flows (used in) investing activities	(1,573)	(92,958)
Cash Flows from Financing Activities
Payments on long-term debt	(161,627)	(18,579)
Borrowings on long-term debt	173,074	86,757
Cash dividends paid	(5,322)	(5,288)
Shares withheld on employees' taxes	(250)	(60)
Payments on financing lease obligations	(268)	(239)
Proceeds from stock option exercises	26	987
Net cash flows provided by financing activities	5,633	63,578
Change related to Foreign Currency	(17)	136
Increase (decrease) in cash and cash equivalents	180	(1,235)
Cash and cash equivalents at beginning of period	2,282	3,517
Cash and cash equivalents at end of period	$ 2,462	$ 2,282

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Consolidation: The consolidated financial statements include the accounts of LSI Industries Inc. (an Ohio corporation) and its subsidiaries (collectively, the “Company”), all of which are wholly owned. All intercompany transactions and balances have been eliminated in consolidation. Revenue Recognition: 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: Twelve Months Ended (In thousands) June 30, 2022 Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 204,241 $ 156,241 Products and services transferred over time 29,208 65,430 $ 233,449 $ 221,671 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 191,791 $ 44,771 Poles and other display solutions elements 39,339 136,573 Project management, installation services, shipping and handling 2,319 40,327 $ 233,449 $ 221,671 Twelve Months Ended (In thousands) June 30, 2021 Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 165,062 $ 66,123 Products and services transferred over time 23,938 60,489 $ 189,000 $ 126,612 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 164,778 $ 35,976 Poles and other display solutions elements 22,492 61,919 Project management, installation services, shipping and handling 1,730 28,717 $ 189,000 $ 126,612 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. Credit and Collections: The Company maintains allowances for credit losses for probable estimated losses resulting from either customer disputes or the inability of its customers to make required payments. If the financial condition of the Company’s customers were to deteriorate, resulting in their inability to make the required payments, the Company may first (In thousands) June 30, 2022 June 30, 2021 Accounts receivable $ 78,249 $ 57,941 Less: Allowance for credit losses (499 ) (256 ) Accounts receivable, net $ 77,750 $ 57,685 Cash and Cash Equivalents: The cash balance includes cash and cash equivalents which have original maturities of less than three $250,000 June 30, 2022, June 30, 2021, Inventories, Net: Inventories are stated at the lower of cost or net realizable value. Cost of inventories includes the cost of purchased raw materials and purchased components, direct labor, as well as manufacturing overhead which is generally applied to inventory based on direct labor and on material content, is determined on the first first The Company maintains an inventory reserve for obsolete and excess inventory. The Company first Property, Plant and Equipment and Related Depreciation: Property, plant, and equipment are stated at cost. Major additions and betterments are capitalized while maintenance and repairs are expensed. For financial reporting purposes, depreciation is computed on the straight-line method over the estimated useful lives of the assets as follows: Buildings (in years) 28 - 40 Machinery and equipment (in years) 3 - 10 Computer software (in years) 3 - 8 Costs related to the purchase, internal development, and implementation of the Company’s fully integrated enterprise resource planning/business operating software system are either capitalized or expensed. Leasehold improvements are depreciated over the shorter of fifteen The Company recorded $5.3 million and $5.2 million of depreciation expense in the years ended June 30, 2022, 2021 Goodwill and Intangible Assets: Intangible assets consisting of customer relationships, trade names and trademarks, patents, technology and software are recorded on the Company's balance sheet. The definite-lived intangible assets are being amortized to expense over periods ranging between five twenty 7. Fair Value: The Company has financial instruments consisting primarily of cash and cash equivalents, revolving lines of credit, accounts receivable, accounts payable, and long-term debt. The fair value of these financial instruments approximates carrying value because of their short-term maturity and/or variable, market-driven interest rates. The Company has no financial instruments with off-balance sheet risk. Fair value measurements of nonfinancial assets and nonfinancial liabilities are primarily used in goodwill and other intangible asset impairment analyses, long-lived asset impairment analyses and valuation of acquired assets and assumed liabilities. The accounting guidance on fair value measurement was used to measure the fair value of these nonfinancial assets and nonfinancial liabilities. Product Warranties: The Company offers a limited warranty that its products are free from defects in workmanship and materials. The specific terms and conditions vary somewhat by product line, but generally cover defective products returned within one five Changes in the Company’s warranty liabilities, which are included in accrued expenses in the accompanying consolidated balance sheets, during the periods indicated below were as follows: Product Warranties (In thousands) June 30, 2022 June 30, 2021 Balance at beginning of the period $ 5,295 $ 6,956 Additions from company acquired - 248 Additions charged to expense 2,960 859 Deductions for repairs and replacements (3,764 ) (2,768 ) Balance at end of the period $ 4,491 $ 5,295 Employee Benefit Plans: The Company has a 401 401 401 June 30, 2022, 2021, Research and Development Costs: Research and development costs are directly attributable to new product development, including the development of new technology for both existing and new products, and consist of salaries, payroll taxes, employee benefits, materials, outside legal costs and filing fees related to obtaining patents, supplies, depreciation, and other administrative costs. The Company expenses as research and development all costs associated with development of software used in solid-state LED products. All costs are expensed as incurred and are included in selling and administrative expenses. Research and development costs related to both product and software development totaled $3.6 million and $3.7 million for the fiscal years ended June 30, 2022, 2021, Cost of Products and Services Sold: Cost of products sold is primarily comprised of direct materials and supplies consumed in the manufacture of products, as well as manufacturing labor, depreciation expense and direct overhead expense necessary to acquire and convert the purchased materials and supplies into finished product. Cost of products sold also includes the cost to distribute products to customers, inbound freight costs, internal transfer costs, warehousing costs and other shipping and handling activity. Cost of services sold is primarily comprised of the internal and external labor costs required to support the Company’s installation and service revenue along with the management of media content. Stock-Based Compensation: The Company accounts for stock-based compensation to certain employees and its directors in accordance with accounting guidance for stock-based compensation. The accounting guidance requires companies to measure the cost of employee and director services received in exchange for an award of equity instruments, including stock options, restricted stock units, and performance stock unites, based on the grant date fair value of the award and to recognize it as compensation expense over the period the employee is required to provide service in exchange for the award, usually the vesting period. Equity award forfeitures are recognized at the date of employee termination. Earnings Per Common Share: The computation of basic earnings per common share is based on the weighted average common shares outstanding for the period net of treasury shares held in the Company’s nonqualified deferred compensation plan. The computation of diluted earnings per share is based on the weighted average common shares outstanding for the period and includes common share equivalents. Common share equivalents include the dilutive effect of stock options, restricted stock units, contingently issuable shares and common shares to be issued under a deferred compensation plan, all of which totaled 1,375,000 shares and 1,029,000 shares in fiscal 2022 2021, 4. Income Taxes: The Company accounts for income taxes in accordance with the accounting guidance for income taxes. Accordingly, deferred income taxes are provided on items that are reported as either income or expense in different time periods for financial reporting purposes than they are for income tax purposes. Deferred income tax assets are reported on the Company’s balance sheet. Significant management judgment is required in developing the Company’s income tax provision, including the estimation of taxable income and the effective income tax rates in the multiple taxing jurisdictions in which the Company operates, the estimation of the liability for uncertain income tax positions, the determination of deferred tax assets and liabilities, and any valuation allowances that might be required against deferred tax assets. Foreign Exchange: The functional currency of the Company’s Mexican subsidiary is the Mexican Peso and the functional currency of the Company’s Canadian subsidiary is the Canadian Dollar. Assets and liabilities of foreign operations are translated using period end exchange rates. Revenue and expenses are translated using average exchange rates during each period reported. Translation losses (gains) are reported in accumulated other comprehensive loss (gain) as a component of shareholders equity and was nominal as of June 30, 2022, June 30, 2021. June 30, 2022, 2021, 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 In December 2019, 2019 12, 740 740 2019 12 July 1, 2021, not Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Subsequent Events: The Company has evaluated subsequent events for potential recognition and disclosure through the date the consolidated financial statements were filed. No

Note 2 - Acquisition of JSI Sto

Note 2 - Acquisition of JSI Store Fixtures	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Business Combination Disclosure [Text Block]	NOTE 2 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 Adjustments May 21, 2021 Cash and Cash Equivalents $ 4,067 $ 4,067 Account Receivable 9,252 (280 ) 8,972 Inventories 9,898 9,898 Property, Plant and Equipment 7,076 7,076 Other Assets 7,440 (2,062 ) 5,378 Intangible Assets 45,760 45,760 Accounts Payable (4,199 ) (4,199 ) Accrued Liabilities (8,434 ) (225 ) (8,659 ) Deferred Tax Liability (10,583 ) 1,925 (8,658 ) Identifiable Net Assets 60,277 (642 ) 59,635 Goodwill 33,415 1,242 34,657 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. JSI’s post-acquisition results of operations for the period from May 21, 2021, June 30, 2021, May 21, 2021, June 30, 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 3 - Business Segment Infor

Note 3 - Business Segment Information	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 3 BUSINESS SEGMENT INFORMATION The accounting guidance on Segment Reporting establishes standards for reporting information regarding operating segments in annual financial statements and requires selected information of those segments to be presented in financial statements. Operating segments are identified as components of an enterprise for which separate discrete financial information is available for evaluation by the chief operating decision maker (the Company’s Chief Executive Officer or “CODM”) in making decisions on how to allocate resources and assess performance. 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 refueling and convenience store markets, parking lot and garage markets, quick-service restaurant market, retail and grocery store markets, the automotive market, the warehouse market, and the sports court and field 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% June 30, 2022. June 30, 2022, 2021.One June 30, 2021. June 30, 2022, June 30, 2021: (In thousands) Twelve Months Ended June 30 Net Sales: Lighting Segment $ 233,449 $ 189,000 Display Solutions Segment 221,671 126,612 $ 455,120 $ 315,612 Operating Income (Loss): Lighting Segment $ 20,942 $ 13,328 Display Solutions Segment 17,589 9,864 Corporate and Eliminations (17,330 ) (15,162 ) $ 21,201 $ 8,030 Capital Expenditures: Lighting Segment $ 1,017 $ 1,596 Display Solutions Segment 1,162 177 Corporate and Eliminations (57 ) 460 $ 2,122 $ 2,233 Depreciation and Amortization: Lighting Segment $ 5,782 $ 6,306 Display Solutions Segment 4,073 1,525 Corporate and Eliminations 263 283 $ 10,118 $ 8,114 June 30, 2022 June 30, 2021 Identifiable Assets: Lighting Segment $ 152,431 $ 132,169 Display Solutions Segment 152,302 147,354 Corporate and Eliminations 6,347 7,298 $ 311,080 $ 286,821 The segment net sales reported above represent sales to external customers. Segment operating income (loss), 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 most intersegment revenues. Any intersegment profit in inventory is eliminated in consolidation. Intersegment revenues were eliminated in consolidation as follows: Twelve Months Ended (In thousands) June 30 2022 2021 Lighting Segment inter-segment net sales $ 38,310 $ 28,449 Display Solutions Segment inter-segment net sales $ 352 $ 219

Note 4 - Earnings Per Share

Note 4 - Earnings Per Share	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 4 EARNINGS PER 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) BASIC EARNINGS PER SHARE 2022 2021 Net Income $ 15,032 $ 5,868 Weighted average shares outstanding during the period, net of treasury shares 26,618 26,411 Weighted average vested restricted stock units outstanding 30 17 Weighted average shares outstanding in the Deferred Compensation Plan during the period 638 264 Weighted average shares outstanding 27,286 26,692 Basic income per share $ 0.55 $ 0.22 DILUTED EARNINGS PER SHARE Net Income $ 15,032 $ 5,868 Weighted average shares outstanding Basic 27,286 26,692 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and Contingently issuable shares, if any 707 748 Weighted average shares outstanding 27,993 27,440 Diluted income per share $ 0.54 $ 0.21 Anti-dilutive securities (b) 1,100 976 (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 in the computation of diluted earnings per share for the year ended June 30, 2022, June 30, 2021,

Note 5 - Inventories, Net

Note 5 - Inventories, Net	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 5 INVENTORIES, NET The following information is provided as of the dates indicated: (In thousands) June 30, 2022 June 30, 2021 Inventories: Raw materials $ 51,637 $ 40,567 Work-in-progress 3,029 4,757 Finished goods 19,755 13,617 Total Inventories $ 74,421 $ 58,941

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE 6 ACCRUED EXPENSES The following information is provided as of the dates indicated: (In thousands) June 30, 2022 June 30, 2021 Accrued Expenses: Customer prepayments $ 6,416 $ 11,352 Compensation and benefits 9,611 10,051 Accrued warranty 4,491 5,295 Accrued sales commissions 4,783 2,568 Accrued Freight 3,680 1,629 Accrued FICA 1,122 1,190 Operating lease liabilities 1,274 1,424 Accrued income tax 109 434 Finance lease liabilities 275 263 Other accrued expenses 4,503 3,712 Total Accrued Expenses $ 36,264 $ 37,918

Note 7 - Goodwill and Other Int

Note 7 - Goodwill and Other Intangible Assets	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 7 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 two not Fiscal 2022: As of March 1, 2022 , three one second The Company has two March 1, 2022 no first second Fiscal 2021: As of March 1, 2021, two The Company also performed its annual review of its indefinite-lived intangible asset as of March 1, 2021, no The Company has performed an assessment of its goodwill and intangible assets from the date of the interim test as of March 1, 2022, no The following table presents information about the Company's goodwill on the dates or for the periods indicated: (In thousands) Lighting Segment Display Solutions Segment Total 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 Balance as of June 30, 2022 Goodwill $ 70,971 $ 62,105 $ 133,076 Measurement period adjustment - 1,242 1,242 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of June 30, 2022 $ 9,208 $ 35,822 $ 45,030 In fiscal 2021 , The gross carrying amount and accumulated amortization by major other intangible asset class is as follows: (In thousands) June 30, 2022 Gross Carrying Amount Accumulated Amortization Net Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 14,400 $ 47,683 Patents 268 268 - LED technology, software 20,966 14,598 6,368 Trade name 2,658 1,049 1,609 Non-compete 260 58 202 Total Amortized Intangible Assets $ 86,235 $ 30,373 $ 55,862 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 $ 30,373 $ 67,964 (In thousands) June 30, 2021 Gross Carrying Amount Accumulated Amortization Net Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 10,967 $ 51,116 Patents 268 237 31 LED technology, 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 In the fiscal 2021 , (In thousands) 2022 2021 Amortization expense of other intangible assets $ 4,809 $ 2,948 The Company expects to record annual amortization expense as follows: (In thousands) 2023 $ 4,808 2024 $ 4,760 2025 $ 4,760 2026 $ 4,760 2027 $ 4,754 After 2027 $ 32,020

Note 8 - Revolving Line of Cred

Note 8 - Revolving Line of Credit and Long-term Debt	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 8 REVOLVING LINE OF CREDIT AND LONG-TERM DEBT The Company’s long-term debt as of June 30, 2022, June 30, 2021, (In thousands) June 30, 2022 June 30, 2021 Secured line of credit $ 57,275 $ 68,178 Term loan, net of debt issuance costs of $30 $0 22,321 - Total debt 79,596 68,178 Less: amounts due within one year 3,571 - Total amounts due after one year, net $ 76,025 $ 68,178 In September 2021, third 2026. five not June 30, 2022, second 2023. June 30, 2022,

Note 9 - Cash Dividends

Note 9 - Cash Dividends	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 9 CASH DIVIDENDS The Company paid cash dividends of $5.3 million in fiscal years 2022 2021. June 30, 2022, 2021, August 2022, September 6, 2022 August 29, 2022

Note 10 - Equity Compensation

Note 10 - Equity Compensation	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	NOTE 10 EQUITY COMPENSATION In November 2019, 2019 “2019 2019 may 2019 2012 “2012 2019 2012 2019 June 30, 2022. 2019 not 2019 In fiscal 2022, 2021, Stock Options The fair value of each option on the date of grant was estimated using the Black-Scholes option pricing model. The following table summarizes the weighted-average assumptions used in the Black-Scholes option pricing model to value the stock options granted in the periods indicated. There were no options granted in fiscal 2022. Stock Options 2022 2021 Dividend yield - 2.9 % Expected volatility - 50 % Risk-free interest rate - 0.3 % Expected life (in years) - 6.0 Fair value per share - $ 2.40 Stock option expense is recorded on a straight-line basis, or sooner if the grantee is retirement eligible as defined in the 2019 five Servi ce-based options have a three one ten three 2019 ten no 2022. The Company recorded $0.7 million and $0.8 million of expense related to stock options in fiscal years 2022 2021, A summary of stock option activity as of June 30, 2022, July 1, 2021 June 30, 2022 Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding at June 30, 2021 2,327,148 $ 6.07 6.7 $ 5,320,456 Granted - $ - Exercised (4,833 ) $ 5.48 Forfeited (7,024 ) $ 6.80 Expired (14,500 ) $ 9.27 Outstanding at June 30, 2022 2,300,791 $ 6.05 5.7 $ 2,287,764 Exercisable at June 30, 2022 1,730,964 $ 6.31 5.2 $ 1,608,413 Vested and expected to vest at June 30, 2022 2,286,311 $ 6.05 5.7 $ 2,282,521 The aggregate intrinsic value of options exercised during the years ended June 30, 2022, June 30, 2021, June 30, 2022, June 30, 2021. 2022 2021. As of June 30, 2022, For fiscal year 2022, For fiscal year 2021, Restricted Stock Units A total of 146,281 RSUs with a weighted average fair value of $8.13 per share were awarded to employees during fiscal 2021. 2022 three one third June 30, 2022. The Company recorded $0.9 million and $0.6 million of expense related to RSUs during fiscal years 2022, 2021, A summary of outstanding and unvested RSU activity as of June 30, 2022, July 1, 2021, June 30, 2022, Shares Weighted- Average Grant Date Fair Value Unvested at June 30, 2021 200,721 $ 6.42 Granted 146,281 $ 8.13 Vested (96,671 ) $ 6.26 Forfeited (3,059 ) $ 6.96 Unvested at June 30, 2022 247,272 $ 7.48 As of June 30, 2022, 2022 Performance Stock Units A total of 190,980 PSUs with a weighted average fair value of $8.12 per share were awarded to employees during fiscal 2022. three 2012 June 30, 2022, 2021, The Company recorded $1.6 million and $0.6 million of expense related to PSUs during fiscal years 2022, 2021, A summary of outstanding and unvested PSU activity as of June 30, 2022, July 1, 2021 June 30, 2022 Shares Weighted- Average Grant Date Fair Value Unvested at June 30, 2021 456,887 $ 5.96 Granted 190,980 $ 8.12 Vested (27,350 ) $ 4.94 Forfeited (23,950 ) $ 7.50 Unvested at June 30, 2022 596,567 $ 6.63 As of June 30, 2022, Director and Employee Stock Compensation Awards The Company awarded a total of 42,420 and 43,049 common shares as stock compensation awards in fiscal years 2022, 2021, Deferred Compensation Plan The Company has a non-qualified deferred compensation plan providing for both Company matching contributions and participant funded deferrals of compensation. This plan is fully funded in a Rabbi Trust. All plan investments are in common shares of the Company. As of June 30, 2022, 32 June 30, 2022, 2021, The change in the number of shares held by this plan is the net result of newly issued shares as compensation deferred into the plan offset by distributions to terminated employees. The Company issued 494,047 and 193,510 new common shares for purposes of the non-qualified deferred compensation plan during fiscal 2022, 2021,

Note 11 - Leases and Purchase C

Note 11 - Leases and Purchase Commitments	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE 11 LEASES AND PURCHASE COMMITMENTS Purchase commitments of the Company totaled $65.6 June 30, 2022. The Company leases certain manufacturing facilities along with a small office space, a company vehicle, several forklifts, several small tooling items and various items of office equipment. 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 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. (In thousands) 2022 2021 Operating lease cost $ 3,483 $ 2,428 Financing lease cost: Amortization of right of use assets 295 291 Interest on lease liabilities 80 91 Variable lease cost 87 10 Sublease income - (43 ) Total lease cost $ 3,945 $ 2,777 Supplemental Cash Flow Information (in thousands) 2022 2021 Cash flows from operating leases Fixed payments - operating lease cash flows $ 3,576 $ 2,412 Liability reduction - operating cash flows $ 3,064 $ 1,983 Cash flows from finance leases Interest - operating cash flows $ 80 $ 91 Repayments of principal portion - financing cash flows $ 268 $ 239 Operating Leases: June 30, 2022 June 30, 2021 Total operating right-of-use assets $ 8,664 $ 11,579 Accrued expenses (Current liabilities) $ 1,274 $ 1,424 Long-term operating lease liability 8,240 10,890 Total operating lease liabilities $ 9,514 $ 12,314 Weighted Average remaining Lease Term (in years) 3.05 3.93 Weighted Average Discount Rate 4.81 % 4.81 % Finance Leases: June 30, 2022 June 30, 2021 Buldings under finance leases $ 2,033 $ 2,033 Equipment under finance leases 11 30 Accumulated depreciation (634 ) (339 ) Total finance lease assets, net $ 1,410 $ 1,724 Accured expenses (Current liabilities) 275 $ 263 Long-term finance lease liability 1,246 1,521 Total finance lease liabilities $ 1,521 $ 1,784 Weighted Average remaining Lease Term (in years) 4.80 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 2023 $ 3,738 $ 343 $ (377 ) $ 3,704 2024 3,285 337 (377 ) 3,245 2025 2,136 362 (31 ) 2,467 2026 835 362 - 1,197 2027 215 302 - 517 Thereafter 4 - - 4 Total lease payments $ 10,213 $ 1,706 $ (785 ) $ 11,134 Less: Interest (699 ) (185 ) (884 ) Present Value of Lease Liabilities $ 9,514 $ 1,521 $ 10,250

Note 12 - Income Taxes

Note 12 - Income Taxes	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 12 INCOME TAXES The following information is provided for the years ended June 30: (In thousands) 2022 2021 Components of income (loss) before income taxes: United States $ 20,124 $ 7,117 Foreign (1,039 ) 799 Income before income taxes $ 19,085 $ 7,916 Provision for income taxes U.S. Federal $ 3,586 $ 2,425 Foreign 165 247 State and local 644 434 Total current 4,395 3,106 Deferred (342 ) (1,058 ) Total provision for income taxes $ 4,053 $ 2,048 (In thousands) 2022 2021 Reconciliation to federal statutory rate: Federal statutory rate 21.0 % 21.0 % State and local taxes, net of federal benefit 3.0 1.5 Foreign operations - 1.0 Federal tax credits (1.0 ) (1.5 ) Valuation allowance - (25.9 ) NY State Tax Credits - 25.9 Transaction cost - 3.5 Uncertain tax position activity (0.3 ) (0.1 ) Stock-based compensation (0.3 ) 1.0 Tax rate changes (1.4 ) (0.3 ) Other 0.2 (0.2 ) Effective tax rate 21.2 % 25.9 % The components of deferred income tax assets and (liabilities) at June 30, 2022, 2021 Components of deferred income tax assets and liabilities (In thousands) 2022 2021 Uncertain tax positions $ 169 $ 138 Reserves against current assets 1,110 936 Accrued expenses 2,596 3,348 Interest - 927 Deferred compensation 1,195 514 Stock-based compensation 1,421 841 State net operating loss carryover and credits 310 624 Lease Liability 2,667 4,408 Canadian NOL 538 Goodwill, acquisition costs and intangible assets - - U.S. Federal net operating loss carryover and credits 1,235 1,587 Deferred income tax asset before valuation allowance 11,241 13,323 Valuation allowance (108 ) (108 ) Deferred income tax asset 11,133 13,215 Goodwill, acquisition costs and intangible assets (3,519 ) (3,683 ) Depreciation (2,205 ) (2,677 ) Right of Use Asset (2,513 ) (4,299 ) Deferred income tax liability (8,237 ) (10,659 ) Net deferred income tax asset $ 2,896 $ 2,556 The Company has U.S. federal net operating loss carry forward deferred tax assets of $1.1 million and $1.5 million at June 30, 2022, June 30, 2021, 2021 three June 30, 2029. June 30, 2022, June 30, 2021. 382 The Company has Canadian net operating loss carry forward deferred tax assets of $0.5 million at June 30, 2022. The Company has state net operating loss carryovers and tax credit deferred tax assets of $0.3 million and $0.6 million at June 30, 2022, June 30, 2021, June 30, 2021, June 30, 2022 not June 30, 2027. During fiscal year 2021, no At June 30, 2022, At June 30, 2021, The Company is recording estimated interest and penalties related to potential underpayment of income taxes as a component of tax expense in the Consolidated Statements of Operations. The Company recognized a $0.1 million net tax (benefit)/expense in both fiscal 2022 2021, 2022 2021. not twelve The tax activity in the liability for uncertain tax positions was as follows: (In thousands) 2022 2021 Balance at the beginning of the fiscal year $ 682 $ 607 Decreases - tax positions in prior period (117 ) (52 ) Increase - tax positions in current period 82 49 Increases - tax positions in prior period - 78 Settlements and payments - - Lapse of statute of limitations - - Balance at end of the fiscal year 647 682 The Company files a consolidated federal income tax return in the United States, and files various combined and separate tax returns in several state and local jurisdictions, and also in Canada and Mexico. In general, the Company is no June 30, 2019. June 30, 2019, June 30, 2019, June 30, 2020, not

Note 13 - Supplemental Cash Flo

Note 13 - Supplemental Cash Flow Information	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 13 SUPPLEMENTAL CASH FLOW INFORMATION (in thousands) Cash Payments: 2022 2021 Interest $ 1,668 $ 127 Income taxes $ 4,965 $ 356 Non-cash investing and financing activities Issuance of common shares as compensation $ 300 $ 315 Issuance of common shares to fund deferred compensation plan $ 3,610 $ 1,534

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 14 COMMITMENTS AND CONTINGENCIES The Company is party to various negotiations, customer bankruptcies, and legal proceedings arising in the normal course of business. The Company provides reserves for these matters when a loss is probable and reasonably estimable. The Company does not not The Company may third June 30, 2022,

Note 15 - Severance Costs

Note 15 - Severance Costs	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	NOTE 15 SEVERANCE COSTS The Company recorded severance charges of less than $0.1 million in fiscal 2022 2021, not The activity in the Company’s accrued severance liability was as follows for the twelve June 30, 2021, 2020: June 30, June 30, (In thousands) 2022 2021 Balance at beginning of period $ 13 $ 639 Accrual of expense 13 41 Payments (26 ) (667 ) Balance at end of period $ - $ 13

Note 16 - Related Party Transac

Note 16 - Related Party Transactions	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 16 RELATED PARTY TRANSACTIONS One of the Company’s former independent outside directors is a director of Wesco International (Wesco). Wesco purchases lighting fixtures from the Company. Wesco was no 2021 no The Company has recognized revenue related to the following related party transactions in the fiscal years indicated: (In thousands) 2022 2021 Wesco International $ - $ 2,013 As of the balance sheet date indicated, the Company had the following accounts receivable recorded with respect to related party transactions: (In thousands) 2022 2021 Wesco International $ - $ 264

Note 17 - Summary of Quarterly

Note 17 - Summary of Quarterly Results (Unaudited)	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Quarterly Financial Information [Text Block]	NOTE 17 SUMMARY OF QUARTERLY RESULTS (UNAUDITED) Quarter Ended (In thousands except per share data) Sep. 30 Dec. 31 Mar. 31 Jun. 30 Fiscal Year 2022 Net Sales $ 106,397 $ 111,143 $ 110,111 $ 127,469 $ 455,120 Gross Profit 24,510 25,448 26,793 32,457 109,208 Net Income 3,133 3,105 3,618 5,176 15,032 Earnings per share Basic $ 0.12 $ 0.11 $ 0.13 $ 0.19 $ 0.55 (a) Diluted $ 0.11 $ 0.11 $ 0.13 $ 0.18 $ 0.54 (a) Range of share prices High $ 8.43 $ 8.42 $ 7.49 $ 7.66 $ 8.43 Low $ 7.12 $ 6.41 $ 6.00 $ 5.53 $ 5.53 2021 Net Sales $ 70,006 $ 76,387 $ 72,204 $ 97,015 $ 315,612 Gross Profit 18,272 19,706 18,092 22,904 78,974 Net Income 1,990 2,208 1,472 198 5,868 Earnings per share Basic $ 0.08 $ 0.08 $ 0.05 $ 0.01 $ 0.22 (a) Diluted $ 0.07 $ 0.08 $ 0.05 $ 0.01 $ 0.21 (a) Range of share prices High $ 7.34 $ 9.01 $ 10.78 $ 9.54 $ 10.78 Low $ 5.52 $ 6.75 $ 8.09 $ 7.55 $ 5.52

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	LSI INDUSTRIES INC. AND SUBSIDIARIES SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS FOR THE YEARS ENDED JUNE 30, 2022, 2021 (In thousands) Description Balance Beginning of Period Additions Charged to Costs and Expenses Additions from Company Acquired Deductions (a) Balance End of Period Allowance for Credit Losses: Year Ended June 30, 2022 $ 256 $ 249 $ - $ (6 ) $ 499 Year Ended June 30, 2021 $ 273 $ 19 $ 24 $ (60 ) $ 256 Inventory Obsolescence Reserve: Year Ended June 30, 2022 $ 5,050 $ 2,111 $ - $ (1,714 ) $ 5,447 Year Ended June 30, 2021 $ 3,821 $ 1,754 $ 380 $ (905 ) $ 5,050 Deferred Tax Asset Valuation Reserve: Year Ended June 30, 2022 $ 108 $ - $ - $ - $ 108 Year Ended June 30, 2021 $ 2,194 $ - $ - $ (2,086 ) $ 108 (a) For Allowance for credit losses, deductions are uncollectible accounts charged off, less recoveries.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Consolidation: The consolidated financial statements include the accounts of LSI Industries Inc. (an Ohio corporation) and its subsidiaries (collectively, the “Company”), all of which are wholly owned. All intercompany transactions and balances have been eliminated in consolidation.
Revenue [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: Twelve Months Ended (In thousands) June 30, 2022 Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 204,241 $ 156,241 Products and services transferred over time 29,208 65,430 $ 233,449 $ 221,671 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 191,791 $ 44,771 Poles and other display solutions elements 39,339 136,573 Project management, installation services, shipping and handling 2,319 40,327 $ 233,449 $ 221,671 Twelve Months Ended (In thousands) June 30, 2021 Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 165,062 $ 66,123 Products and services transferred over time 23,938 60,489 $ 189,000 $ 126,612 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 164,778 $ 35,976 Poles and other display solutions elements 22,492 61,919 Project management, installation services, shipping and handling 1,730 28,717 $ 189,000 $ 126,612 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.
Accounts Receivable [Policy Text Block]	Credit and Collections: The Company maintains allowances for credit losses for probable estimated losses resulting from either customer disputes or the inability of its customers to make required payments. If the financial condition of the Company’s customers were to deteriorate, resulting in their inability to make the required payments, the Company may first (In thousands) June 30, 2022 June 30, 2021 Accounts receivable $ 78,249 $ 57,941 Less: Allowance for credit losses (499 ) (256 ) Accounts receivable, net $ 77,750 $ 57,685
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents: The cash balance includes cash and cash equivalents which have original maturities of less than three $250,000 June 30, 2022, June 30, 2021,
Inventory, Policy [Policy Text Block]	Inventories, Net: Inventories are stated at the lower of cost or net realizable value. Cost of inventories includes the cost of purchased raw materials and purchased components, direct labor, as well as manufacturing overhead which is generally applied to inventory based on direct labor and on material content, is determined on the first first The Company maintains an inventory reserve for obsolete and excess inventory. The Company first
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment and Related Depreciation: Property, plant, and equipment are stated at cost. Major additions and betterments are capitalized while maintenance and repairs are expensed. For financial reporting purposes, depreciation is computed on the straight-line method over the estimated useful lives of the assets as follows: Buildings (in years) 28 - 40 Machinery and equipment (in years) 3 - 10 Computer software (in years) 3 - 8 Costs related to the purchase, internal development, and implementation of the Company’s fully integrated enterprise resource planning/business operating software system are either capitalized or expensed. Leasehold improvements are depreciated over the shorter of fifteen The Company recorded $5.3 million and $5.2 million of depreciation expense in the years ended June 30, 2022, 2021
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Intangible Assets: Intangible assets consisting of customer relationships, trade names and trademarks, patents, technology and software are recorded on the Company's balance sheet. The definite-lived intangible assets are being amortized to expense over periods ranging between five twenty 7.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value: The Company has financial instruments consisting primarily of cash and cash equivalents, revolving lines of credit, accounts receivable, accounts payable, and long-term debt. The fair value of these financial instruments approximates carrying value because of their short-term maturity and/or variable, market-driven interest rates. The Company has no financial instruments with off-balance sheet risk. Fair value measurements of nonfinancial assets and nonfinancial liabilities are primarily used in goodwill and other intangible asset impairment analyses, long-lived asset impairment analyses and valuation of acquired assets and assumed liabilities. The accounting guidance on fair value measurement was used to measure the fair value of these nonfinancial assets and nonfinancial liabilities.
Standard Product Warranty, Policy [Policy Text Block]	Product Warranties: The Company offers a limited warranty that its products are free from defects in workmanship and materials. The specific terms and conditions vary somewhat by product line, but generally cover defective products returned within one five Changes in the Company’s warranty liabilities, which are included in accrued expenses in the accompanying consolidated balance sheets, during the periods indicated below were as follows: Product Warranties (In thousands) June 30, 2022 June 30, 2021 Balance at beginning of the period $ 5,295 $ 6,956 Additions from company acquired - 248 Additions charged to expense 2,960 859 Deductions for repairs and replacements (3,764 ) (2,768 ) Balance at end of the period $ 4,491 $ 5,295
Pension and Other Postretirement Plans, Policy [Policy Text Block]	Employee Benefit Plans: The Company has a 401 401 401 June 30, 2022, 2021,
Research, Development, and Computer Software, Policy [Policy Text Block]	Research and Development Costs: Research and development costs are directly attributable to new product development, including the development of new technology for both existing and new products, and consist of salaries, payroll taxes, employee benefits, materials, outside legal costs and filing fees related to obtaining patents, supplies, depreciation, and other administrative costs. The Company expenses as research and development all costs associated with development of software used in solid-state LED products. All costs are expensed as incurred and are included in selling and administrative expenses. Research and development costs related to both product and software development totaled $3.6 million and $3.7 million for the fiscal years ended June 30, 2022, 2021,
Cost of Goods and Service [Policy Text Block]	Cost of Products and Services Sold: Cost of products sold is primarily comprised of direct materials and supplies consumed in the manufacture of products, as well as manufacturing labor, depreciation expense and direct overhead expense necessary to acquire and convert the purchased materials and supplies into finished product. Cost of products sold also includes the cost to distribute products to customers, inbound freight costs, internal transfer costs, warehousing costs and other shipping and handling activity. Cost of services sold is primarily comprised of the internal and external labor costs required to support the Company’s installation and service revenue along with the management of media content.
Share-Based Payment Arrangement [Policy Text Block]	Stock-Based Compensation: The Company accounts for stock-based compensation to certain employees and its directors in accordance with accounting guidance for stock-based compensation. The accounting guidance requires companies to measure the cost of employee and director services received in exchange for an award of equity instruments, including stock options, restricted stock units, and performance stock unites, based on the grant date fair value of the award and to recognize it as compensation expense over the period the employee is required to provide service in exchange for the award, usually the vesting period. Equity award forfeitures are recognized at the date of employee termination.
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Common Share: The computation of basic earnings per common share is based on the weighted average common shares outstanding for the period net of treasury shares held in the Company’s nonqualified deferred compensation plan. The computation of diluted earnings per share is based on the weighted average common shares outstanding for the period and includes common share equivalents. Common share equivalents include the dilutive effect of stock options, restricted stock units, contingently issuable shares and common shares to be issued under a deferred compensation plan, all of which totaled 1,375,000 shares and 1,029,000 shares in fiscal 2022 2021, 4.
Income Tax, Policy [Policy Text Block]	Income Taxes: The Company accounts for income taxes in accordance with the accounting guidance for income taxes. Accordingly, deferred income taxes are provided on items that are reported as either income or expense in different time periods for financial reporting purposes than they are for income tax purposes. Deferred income tax assets are reported on the Company’s balance sheet. Significant management judgment is required in developing the Company’s income tax provision, including the estimation of taxable income and the effective income tax rates in the multiple taxing jurisdictions in which the Company operates, the estimation of the liability for uncertain income tax positions, the determination of deferred tax assets and liabilities, and any valuation allowances that might be required against deferred tax assets.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Exchange: The functional currency of the Company’s Mexican subsidiary is the Mexican Peso and the functional currency of the Company’s Canadian subsidiary is the Canadian Dollar. Assets and liabilities of foreign operations are translated using period end exchange rates. Revenue and expenses are translated using average exchange rates during each period reported. Translation losses (gains) are reported in accumulated other comprehensive loss (gain) as a component of shareholders equity and was nominal as of June 30, 2022, June 30, 2021. June 30, 2022, 2021,
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 In December 2019, 2019 12, 740 740 2019 12 July 1, 2021, not
Use of Estimates, Policy [Policy Text Block]	Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Subsequent Events, Policy [Policy Text Block]	Subsequent Events: The Company has evaluated subsequent events for potential recognition and disclosure through the date the consolidated financial statements were filed. No

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Disaggregation of Revenue [Table Text Block]	Twelve Months Ended (In thousands) June 30, 2022 Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 204,241 $ 156,241 Products and services transferred over time 29,208 65,430 $ 233,449 $ 221,671 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 191,791 $ 44,771 Poles and other display solutions elements 39,339 136,573 Project management, installation services, shipping and handling 2,319 40,327 $ 233,449 $ 221,671 Twelve Months Ended (In thousands) June 30, 2021 Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 165,062 $ 66,123 Products and services transferred over time 23,938 60,489 $ 189,000 $ 126,612 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 164,778 $ 35,976 Poles and other display solutions elements 22,492 61,919 Project management, installation services, shipping and handling 1,730 28,717 $ 189,000 $ 126,612
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(In thousands) June 30, 2022 June 30, 2021 Accounts receivable $ 78,249 $ 57,941 Less: Allowance for credit losses (499 ) (256 ) Accounts receivable, net $ 77,750 $ 57,685
Property, Plant and Equipment [Table Text Block]	Buildings (in years) 28 - 40 Machinery and equipment (in years) 3 - 10 Computer software (in years) 3 - 8
Schedule of Product Warranty Liability [Table Text Block]	Product Warranties (In thousands) June 30, 2022 June 30, 2021 Balance at beginning of the period $ 5,295 $ 6,956 Additions from company acquired - 248 Additions charged to expense 2,960 859 Deductions for repairs and replacements (3,764 ) (2,768 ) Balance at end of the period $ 4,491 $ 5,295

Note 2 - Acquisition of JSI S_2

Note 2 - Acquisition of JSI Store Fixtures (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	May 21, 2021 Adjustments May 21, 2021 Cash and Cash Equivalents $ 4,067 $ 4,067 Account Receivable 9,252 (280 ) 8,972 Inventories 9,898 9,898 Property, Plant and Equipment 7,076 7,076 Other Assets 7,440 (2,062 ) 5,378 Intangible Assets 45,760 45,760 Accounts Payable (4,199 ) (4,199 ) Accrued Liabilities (8,434 ) (225 ) (8,659 ) Deferred Tax Liability (10,583 ) 1,925 (8,658 ) Identifiable Net Assets 60,277 (642 ) 59,635 Goodwill 33,415 1,242 34,657 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 3 - Business Segment Inf_2

Note 3 - Business Segment Information (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	(In thousands) Twelve Months Ended June 30 Net Sales: Lighting Segment $ 233,449 $ 189,000 Display Solutions Segment 221,671 126,612 $ 455,120 $ 315,612 Operating Income (Loss): Lighting Segment $ 20,942 $ 13,328 Display Solutions Segment 17,589 9,864 Corporate and Eliminations (17,330 ) (15,162 ) $ 21,201 $ 8,030 Capital Expenditures: Lighting Segment $ 1,017 $ 1,596 Display Solutions Segment 1,162 177 Corporate and Eliminations (57 ) 460 $ 2,122 $ 2,233 Depreciation and Amortization: Lighting Segment $ 5,782 $ 6,306 Display Solutions Segment 4,073 1,525 Corporate and Eliminations 263 283 $ 10,118 $ 8,114
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	June 30, 2022 June 30, 2021 Identifiable Assets: Lighting Segment $ 152,431 $ 132,169 Display Solutions Segment 152,302 147,354 Corporate and Eliminations 6,347 7,298 $ 311,080 $ 286,821
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Twelve Months Ended (In thousands) June 30 2022 2021 Lighting Segment inter-segment net sales $ 38,310 $ 28,449 Display Solutions Segment inter-segment net sales $ 352 $ 219

Note 4 - Earnings Per Share (Ta

Note 4 - Earnings Per Share (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	(in thousands, except per share data) BASIC EARNINGS PER SHARE 2022 2021 Net Income $ 15,032 $ 5,868 Weighted average shares outstanding during the period, net of treasury shares 26,618 26,411 Weighted average vested restricted stock units outstanding 30 17 Weighted average shares outstanding in the Deferred Compensation Plan during the period 638 264 Weighted average shares outstanding 27,286 26,692 Basic income per share $ 0.55 $ 0.22 DILUTED EARNINGS PER SHARE Net Income $ 15,032 $ 5,868 Weighted average shares outstanding Basic 27,286 26,692 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and Contingently issuable shares, if any 707 748 Weighted average shares outstanding 27,993 27,440 Diluted income per share $ 0.54 $ 0.21 Anti-dilutive securities (b) 1,100 976

Note 5 - Inventories, Net (Tabl

Note 5 - Inventories, Net (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Inventory, Current [Table Text Block]	(In thousands) June 30, 2022 June 30, 2021 Inventories: Raw materials $ 51,637 $ 40,567 Work-in-progress 3,029 4,757 Finished goods 19,755 13,617 Total Inventories $ 74,421 $ 58,941

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	(In thousands) June 30, 2022 June 30, 2021 Accrued Expenses: Customer prepayments $ 6,416 $ 11,352 Compensation and benefits 9,611 10,051 Accrued warranty 4,491 5,295 Accrued sales commissions 4,783 2,568 Accrued Freight 3,680 1,629 Accrued FICA 1,122 1,190 Operating lease liabilities 1,274 1,424 Accrued income tax 109 434 Finance lease liabilities 275 263 Other accrued expenses 4,503 3,712 Total Accrued Expenses $ 36,264 $ 37,918

Note 7 - Goodwill and Other I_2

Note 7 - Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Goodwill [Table Text Block]	(In thousands) Lighting Segment Display Solutions Segment Total 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 Balance as of June 30, 2022 Goodwill $ 70,971 $ 62,105 $ 133,076 Measurement period adjustment - 1,242 1,242 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of June 30, 2022 $ 9,208 $ 35,822 $ 45,030
Schedule of Intangible Assets and Goodwill [Table Text Block]	(In thousands) June 30, 2022 Gross Carrying Amount Accumulated Amortization Net Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 14,400 $ 47,683 Patents 268 268 - LED technology, software 20,966 14,598 6,368 Trade name 2,658 1,049 1,609 Non-compete 260 58 202 Total Amortized Intangible Assets $ 86,235 $ 30,373 $ 55,862 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 $ 30,373 $ 67,964 (In thousands) June 30, 2021 Gross Carrying Amount Accumulated Amortization Net Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 10,967 $ 51,116 Patents 268 237 31 LED technology, 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]	(In thousands) 2022 2021 Amortization expense of other intangible assets $ 4,809 $ 2,948
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(In thousands) 2023 $ 4,808 2024 $ 4,760 2025 $ 4,760 2026 $ 4,760 2027 $ 4,754 After 2027 $ 32,020

Note 8 - Revolving Line of Cr_2

Note 8 - Revolving Line of Credit and Long-term Debt (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Debt [Table Text Block]	(In thousands) June 30, 2022 June 30, 2021 Secured line of credit $ 57,275 $ 68,178 Term loan, net of debt issuance costs of $30 $0 22,321 - Total debt 79,596 68,178 Less: amounts due within one year 3,571 - Total amounts due after one year, net $ 76,025 $ 68,178

Note 10 - Equity Compensation (

Note 10 - Equity Compensation (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Stock Options 2022 2021 Dividend yield - 2.9 % Expected volatility - 50 % Risk-free interest rate - 0.3 % Expected life (in years) - 6.0 Fair value per share - $ 2.40
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding at June 30, 2021 2,327,148 $ 6.07 6.7 $ 5,320,456 Granted - $ - Exercised (4,833 ) $ 5.48 Forfeited (7,024 ) $ 6.80 Expired (14,500 ) $ 9.27 Outstanding at June 30, 2022 2,300,791 $ 6.05 5.7 $ 2,287,764 Exercisable at June 30, 2022 1,730,964 $ 6.31 5.2 $ 1,608,413 Vested and expected to vest at June 30, 2022 2,286,311 $ 6.05 5.7 $ 2,282,521
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	Shares Weighted- Average Grant Date Fair Value Unvested at June 30, 2021 200,721 $ 6.42 Granted 146,281 $ 8.13 Vested (96,671 ) $ 6.26 Forfeited (3,059 ) $ 6.96 Unvested at June 30, 2022 247,272 $ 7.48
Share-based Payment Arrangement, Performance Stock Units, Activity [Table Text Block]	Shares Weighted- Average Grant Date Fair Value Unvested at June 30, 2021 456,887 $ 5.96 Granted 190,980 $ 8.12 Vested (27,350 ) $ 4.94 Forfeited (23,950 ) $ 7.50 Unvested at June 30, 2022 596,567 $ 6.63

Note 11 - Leases and Purchase_2

Note 11 - Leases and Purchase Commitments (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Lease, Cost [Table Text Block]	(In thousands) 2022 2021 Operating lease cost $ 3,483 $ 2,428 Financing lease cost: Amortization of right of use assets 295 291 Interest on lease liabilities 80 91 Variable lease cost 87 10 Sublease income - (43 ) Total lease cost $ 3,945 $ 2,777 Supplemental Cash Flow Information (in thousands) 2022 2021 Cash flows from operating leases Fixed payments - operating lease cash flows $ 3,576 $ 2,412 Liability reduction - operating cash flows $ 3,064 $ 1,983 Cash flows from finance leases Interest - operating cash flows $ 80 $ 91 Repayments of principal portion - financing cash flows $ 268 $ 239 Operating Leases: June 30, 2022 June 30, 2021 Total operating right-of-use assets $ 8,664 $ 11,579 Accrued expenses (Current liabilities) $ 1,274 $ 1,424 Long-term operating lease liability 8,240 10,890 Total operating lease liabilities $ 9,514 $ 12,314 Weighted Average remaining Lease Term (in years) 3.05 3.93 Weighted Average Discount Rate 4.81 % 4.81 % Finance Leases: June 30, 2022 June 30, 2021 Buldings under finance leases $ 2,033 $ 2,033 Equipment under finance leases 11 30 Accumulated depreciation (634 ) (339 ) Total finance lease assets, net $ 1,410 $ 1,724 Accured expenses (Current liabilities) 275 $ 263 Long-term finance lease liability 1,246 1,521 Total finance lease liabilities $ 1,521 $ 1,784 Weighted Average remaining Lease Term (in years) 4.80 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 2023 $ 3,738 $ 343 $ (377 ) $ 3,704 2024 3,285 337 (377 ) 3,245 2025 2,136 362 (31 ) 2,467 2026 835 362 - 1,197 2027 215 302 - 517 Thereafter 4 - - 4 Total lease payments $ 10,213 $ 1,706 $ (785 ) $ 11,134 Less: Interest (699 ) (185 ) (884 ) Present Value of Lease Liabilities $ 9,514 $ 1,521 $ 10,250

Note 12 - Income Taxes (Tables)

Note 12 - Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	(In thousands) 2022 2021 Components of income (loss) before income taxes: United States $ 20,124 $ 7,117 Foreign (1,039 ) 799 Income before income taxes $ 19,085 $ 7,916 Provision for income taxes U.S. Federal $ 3,586 $ 2,425 Foreign 165 247 State and local 644 434 Total current 4,395 3,106 Deferred (342 ) (1,058 ) Total provision for income taxes $ 4,053 $ 2,048
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	(In thousands) 2022 2021 Reconciliation to federal statutory rate: Federal statutory rate 21.0 % 21.0 % State and local taxes, net of federal benefit 3.0 1.5 Foreign operations - 1.0 Federal tax credits (1.0 ) (1.5 ) Valuation allowance - (25.9 ) NY State Tax Credits - 25.9 Transaction cost - 3.5 Uncertain tax position activity (0.3 ) (0.1 ) Stock-based compensation (0.3 ) 1.0 Tax rate changes (1.4 ) (0.3 ) Other 0.2 (0.2 ) Effective tax rate 21.2 % 25.9 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Components of deferred income tax assets and liabilities (In thousands) 2022 2021 Uncertain tax positions $ 169 $ 138 Reserves against current assets 1,110 936 Accrued expenses 2,596 3,348 Interest - 927 Deferred compensation 1,195 514 Stock-based compensation 1,421 841 State net operating loss carryover and credits 310 624 Lease Liability 2,667 4,408 Canadian NOL 538 Goodwill, acquisition costs and intangible assets - - U.S. Federal net operating loss carryover and credits 1,235 1,587 Deferred income tax asset before valuation allowance 11,241 13,323 Valuation allowance (108 ) (108 ) Deferred income tax asset 11,133 13,215 Goodwill, acquisition costs and intangible assets (3,519 ) (3,683 ) Depreciation (2,205 ) (2,677 ) Right of Use Asset (2,513 ) (4,299 ) Deferred income tax liability (8,237 ) (10,659 ) Net deferred income tax asset $ 2,896 $ 2,556
Summary of Income Tax Contingencies [Table Text Block]	(In thousands) 2022 2021 Balance at the beginning of the fiscal year $ 682 $ 607 Decreases - tax positions in prior period (117 ) (52 ) Increase - tax positions in current period 82 49 Increases - tax positions in prior period - 78 Settlements and payments - - Lapse of statute of limitations - - Balance at end of the fiscal year 647 682

Note 13 - Supplemental Cash F_2

Note 13 - Supplemental Cash Flow Information (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	(in thousands) Cash Payments: 2022 2021 Interest $ 1,668 $ 127 Income taxes $ 4,965 $ 356 Non-cash investing and financing activities Issuance of common shares as compensation $ 300 $ 315 Issuance of common shares to fund deferred compensation plan $ 3,610 $ 1,534

Note 15 - Severance Costs (Tabl

Note 15 - Severance Costs (Tables)	12 Months Ended
	Jun. 30, 2022
Employee Severance [Member]
Notes Tables
Schedule of Accrued Severance Liability [Table Text Block]	June 30, June 30, (In thousands) 2022 2021 Balance at beginning of period $ 13 $ 639 Accrual of expense 13 41 Payments (26 ) (667 ) Balance at end of period $ - $ 13

Note 16 - Related Party Trans_2

Note 16 - Related Party Transactions (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Related Party Revenue [Table Text Block]	(In thousands) 2022 2021 Wesco International $ - $ 2,013
Schedule of Related Party Assets [Table Text Block]	(In thousands) 2022 2021 Wesco International $ - $ 264

Note 17 - Summary of Quarterl_2

Note 17 - Summary of Quarterly Results (Unaudited) (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Quarterly Financial Information [Table Text Block]	Quarter Ended (In thousands except per share data) Sep. 30 Dec. 31 Mar. 31 Jun. 30 Fiscal Year 2022 Net Sales $ 106,397 $ 111,143 $ 110,111 $ 127,469 $ 455,120 Gross Profit 24,510 25,448 26,793 32,457 109,208 Net Income 3,133 3,105 3,618 5,176 15,032 Earnings per share Basic $ 0.12 $ 0.11 $ 0.13 $ 0.19 $ 0.55 (a) Diluted $ 0.11 $ 0.11 $ 0.13 $ 0.18 $ 0.54 (a) Range of share prices High $ 8.43 $ 8.42 $ 7.49 $ 7.66 $ 8.43 Low $ 7.12 $ 6.41 $ 6.00 $ 5.53 $ 5.53 2021 Net Sales $ 70,006 $ 76,387 $ 72,204 $ 97,015 $ 315,612 Gross Profit 18,272 19,706 18,092 22,904 78,974 Net Income 1,990 2,208 1,472 198 5,868 Earnings per share Basic $ 0.08 $ 0.08 $ 0.05 $ 0.01 $ 0.22 (a) Diluted $ 0.07 $ 0.08 $ 0.05 $ 0.01 $ 0.21 (a) Range of share prices High $ 7.34 $ 9.01 $ 10.78 $ 9.54 $ 10.78 Low $ 5.52 $ 6.75 $ 8.09 $ 7.55 $ 5.52

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Jun. 30, 2022
Notes Tables
Summary of Valuation Allowance [Table Text Block]	Description Balance Beginning of Period Additions Charged to Costs and Expenses Additions from Company Acquired Deductions (a) Balance End of Period Allowance for Credit Losses: Year Ended June 30, 2022 $ 256 $ 249 $ - $ (6 ) $ 499 Year Ended June 30, 2021 $ 273 $ 19 $ 24 $ (60 ) $ 256 Inventory Obsolescence Reserve: Year Ended June 30, 2022 $ 5,050 $ 2,111 $ - $ (1,714 ) $ 5,447 Year Ended June 30, 2021 $ 3,821 $ 1,754 $ 380 $ (905 ) $ 5,050 Deferred Tax Asset Valuation Reserve: Year Ended June 30, 2022 $ 108 $ - $ - $ - $ 108 Year Ended June 30, 2021 $ 2,194 $ - $ - $ (2,086 ) $ 108

Note 1 - Summary of Significa_3

Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash, Uninsured Amount	$ 2,700	$ 2,300
Depreciation, Total	5,300	5,200
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Asset	$ 0
Standard Warranty Extended Term for Exceptions (Year)	10 years
Defined Contribution Plan, Cost	$ 2,900	1,400
Research and Development Expense, Total	$ 3,600	$ 3,700
Incremental Common Shares Attributable to Dilutive Effect of Contingently Issuable Shares (in shares)	1,375,000	1,029,000
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax, Ending Balance		$ (100)
Other Expense [Member]
Foreign Currency Transaction Gain (Loss), before Tax, Total	$ 100	$ 200
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	20 years
Standard Warranty Term (Year)	5 years
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	5 years
Standard Warranty Term (Year)	1 year
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	15 years

Note 1 - Summary of Significa_4

Note 1 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Revenue	$ 455,120	$ 315,612
Lighting Segment [Member]
Revenue	233,449	189,000
Lighting Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Revenue	191,791	164,778
Lighting Segment [Member] | Legacy Products [Member]
Revenue	39,339	22,492
Lighting Segment [Member] | Turnkey Services and Other [Member]
Revenue	2,319	1,730
Display Solutions Segment [Member]
Revenue	221,671	126,612
Display Solutions Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Revenue	44,771	35,976
Display Solutions Segment [Member] | Legacy Products [Member]
Revenue	136,573	61,919
Display Solutions Segment [Member] | Turnkey Services and Other [Member]
Revenue	40,327	28,717
Transferred at Point in Time [Member] | Lighting Segment [Member]
Revenue	204,241	165,062
Transferred at Point in Time [Member] | Display Solutions Segment [Member]
Revenue	156,241	66,123
Transferred over Time [Member] | Lighting Segment [Member]
Revenue	29,208	23,938
Transferred over Time [Member] | Display Solutions Segment [Member]
Revenue	$ 65,430	$ 60,489

Note 1 - Summary of Significa_5

Note 1 - Summary of Significant Accounting Policies - Net Accounts Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Accounts receivable	$ 78,249	$ 57,941
Less: Allowance for credit losses	(499)	(256)
Accounts receivable, net	$ 77,750	$ 57,685

Note 1 - Summary of Significa_6

Note 1 - Summary of Significant Accounting Policies - Estimated Useful Lives of Long-lived Assets (Details)	12 Months Ended
	Jun. 30, 2022
Building [Member] | Minimum [Member]
Property, plant, and equipment (Year)	28 years
Building [Member] | Maximum [Member]
Property, plant, and equipment (Year)	40 years
Machinery and Equipment [Member] | Minimum [Member]
Property, plant, and equipment (Year)	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, plant, and equipment (Year)	10 years
Software and Software Development Costs [Member] | Minimum [Member]
Property, plant, and equipment (Year)	3 years
Software and Software Development Costs [Member] | Maximum [Member]
Property, plant, and equipment (Year)	8 years

Note 1 - Summary of Significa_7

Note 1 - Summary of Significant Accounting Policies - Warranty Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Balance at beginning of the period	$ 5,295	$ 6,956
Additions from company acquired	0	248
Additions charged to expense	2,960	859
Deductions for repairs and replacements	(3,764)	(2,768)
Balance at end of the period	$ 4,491	$ 5,295

Note 2 - Acquisition of JSI S_3

Note 2 - Acquisition of JSI Store Fixtures (Details Textual) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		12 Months Ended
	May 21, 2021	Jun. 30, 2021	Dec. 31, 2021	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Goodwill, Purchase Accounting Adjustments					$ 1,242
JSI Store Fixtures [Member]
Business Acquisition, Percentage of Voting Interests Acquired	100%
Business Combination, Consideration Transferred, Total	$ 94,300
Business Combination, Consideration Transferred, Liabilities Incurred	71,600
Payments to Acquire Businesses, Gross	93,700
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	8,972
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Property, Plant, and Equipment	1,800
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual		$ 9,100
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual		$ 700
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
JSI Store Fixtures [Member] | As Initially Reported [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	$ 9,252

Note 2 - Acquisition of JSI S_4

Note 2 - Acquisition of JSI Store Fixtures - Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	May 21, 2021
Goodwill	$ 45,030	$ 43,788
JSI Store Fixtures [Member]
Cash and Cash Equivalents			$ 4,067
Account Receivable			8,972
Inventories			9,898
Property, Plant and Equipment			7,076
Other Assets			5,378
Intangible Assets			45,760
Accounts Payable			(4,199)
Accrued Liabilities			(8,659)
Deferred Tax Liability			(8,658)
Identifiable Net Assets			59,635
Goodwill			34,657
Net Purchase Consideration			94,292
JSI Store Fixtures [Member] | As Initially Reported [Member]
Cash and Cash Equivalents			4,067
Account Receivable			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 Net Assets			60,277
Goodwill			33,415
Net Purchase Consideration			93,692
JSI Store Fixtures [Member] | Fair Value Adjustments [Member]
Account Receivable			(280)
Other Assets			(2,062)
Accrued Liabilities			(225)
Identifiable Net Assets			(642)
Goodwill			1,242
Net Purchase Consideration			$ 600

Note 2 - Acquisition of JSI S_5

Note 2 - Acquisition of JSI Store Fixtures - Intangible Assets Acquired (Details) - JSI Store Fixtures [Member] $ in Thousands	May 21, 2021 USD ($)
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 2 - Acquisition of JSI S_6

Note 2 - 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 3 - Business Segment Inf_3

Note 3 - Business Segment Information (Details Textual) $ in Thousands	12 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Number of Operating Segments	2
Revenue from Contract with Customer, Including Assessed Tax	$ 455,120	$ 315,612
Intersegment Revenue Markup Percentage	10%
Display Solutions Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 221,671	$ 126,612
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		$ 35,200
Concentration Risk, Percentage		11.20%
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Number of Major Customers	0	0

Note 3 - Business Segment Inf_4

Note 3 - Business Segment Information - Summarized Financial Information by Operating Segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Net sales	$ 455,120	$ 315,612
Operating income (loss)	21,201	8,030
Capital expenditures	2,122	2,233
Depreciation and amortization	10,118	8,114
Corporate and Eliminations [Member]
Operating income (loss)	(17,330)	(15,162)
Capital expenditures	(57)	460
Depreciation and amortization	263	283
Lighting Segment [Member]
Net sales	233,449	189,000
Lighting Segment [Member] | Operating Segments [Member]
Operating income (loss)	20,942	13,328
Capital expenditures	1,017	1,596
Depreciation and amortization	5,782	6,306
Display Solutions Segment [Member]
Net sales	221,671	126,612
Display Solutions Segment [Member] | Operating Segments [Member]
Operating income (loss)	17,589	9,864
Capital expenditures	1,162	177
Depreciation and amortization	$ 4,073	$ 1,525

Note 3 - Business Segment Inf_5

Note 3 - Business Segment Information - Identifiable Assets by Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Identifiable assets	$ 311,080	$ 286,821
Corporate and Eliminations [Member]
Identifiable assets	6,347	7,298
Lighting Segment [Member] | Operating Segments [Member]
Identifiable assets	152,431	132,169
Display Solutions Segment [Member] | Operating Segments [Member]
Identifiable assets	$ 152,302	$ 147,354

Note 3 - Business Segment Inf_6

Note 3 - Business Segment Information - Intersegment Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Revenue from Contract with Customer, Including Assessed Tax	$ 455,120	$ 315,612
Lighting Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	233,449	189,000
Display Solutions Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	221,671	126,612
Intersegment Eliminations [Member] | Lighting Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	38,310	28,449
Intersegment Eliminations [Member] | Display Solutions Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 352	$ 219

Note 4 - Earnings per Share - B

Note 4 - Earnings per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended								12 Months Ended
		Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2022	Jun. 30, 2021
Net income		$ 5,176	$ 3,618	$ 3,105	$ 3,133	$ 198	$ 1,472	$ 2,208	$ 1,990	$ 15,032	$ 5,868
Weighted average shares outstanding during the period, net of treasury shares (in shares)										26,618	26,411
Weighted average vested restricted stock units outstanding (in shares)										638	264
Weighted average shares outstanding (in shares)										27,286	26,692
Basic income per share (in dollars per share)		$ 0.19	$ 0.13	$ 0.11	$ 0.12	$ 0.01	$ 0.05	$ 0.08	$ 0.08	$ 0.55	$ 0.22
Basic (in shares)										27,286	26,692
Impact of common shares to be issued under stock option plans, and Contingently issuable shares, if any (in shares)	[1]									707	748
Weighted average shares outstanding (in shares)										27,993	27,440
Diluted income per share (in dollars per share)		$ 0.18	$ 0.13	$ 0.11	$ 0.11	$ 0.01	$ 0.05	$ 0.08	$ 0.07	$ 0.54	$ 0.21
Anti-dilutive securities (b) (in shares)	[2]									1,100	976
Restricted Stock Units (RSUs) [Member]
Weighted average vested restricted stock units outstanding (in shares)										30	17
[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 5 - Inventories, Net - Inv

Note 5 - Inventories, Net - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Raw materials	$ 51,637	$ 40,567
Work-in-progress	3,029	4,757
Finished goods	19,755	13,617
Total Inventories	$ 74,421	$ 58,941

Note 6 - Accrued Expenses - Acc

Note 6 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Customer prepayments	$ 6,416	$ 11,352
Compensation and benefits	9,611	10,051
Accrued warranty	4,491	5,295
Accrued sales commissions	4,783	2,568
Accrued Freight	3,680	1,629
Accrued FICA	1,122	1,190
Accrued income tax	109	434
Other accrued expenses	4,503	3,712
Total Accrued Expenses	36,264	37,918
Accrued Expenses [Member]
Accrued expenses (Current liabilities)	1,274	1,424
Finance lease liabilities	$ 275	$ 263

Note 7 - Goodwill and Other I_3

Note 7 - Goodwill and Other Intangible Assets (Details Textual) $ in Millions		12 Months Ended
	Mar. 01, 2022 USD ($)	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2021 USD ($)	Mar. 01, 2021 USD ($)
Number of Reporting Units	3	3	2
Intangible Assets, Indefinite-lived, Amount of Fair Value in Excess of Carrying Amount				$ 15.7
Intangible Assets, Indefinite-lived, Percentage of Fair Value in Excess of Carrying Amount				358%
First Indefinite Lived Intangible Asset [Member]
Intangible Assets, Indefinite-lived, Amount of Fair Value in Excess of Carrying Amount	$ 17
Intangible Assets, Indefinite-lived, Percentage of Fair Value in Excess of Carrying Amount	396%
Second Indefinite Lived Intangible Asset [Member]
Intangible Assets, Indefinite-lived, Amount of Fair Value in Excess of Carrying Amount	$ 10.6
Intangible Assets, Indefinite-lived, Percentage of Fair Value in Excess of Carrying Amount	22%
Lighting Segment [Member]
Number of Reporting Units	1
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount	$ 31.6				$ 28.2
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	18%				26%
Display Solutions Segment [Member]
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount					$ 11.4
Reporting Units, Percentage of Fair Value in Excess of Carrying Amount					2,065%
Display Solutions Segment [Member] | First Reporting Unit [Member]
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount	$ 12.2
Reporting Units, Percentage of Fair Value in Excess of Carrying Amount	1,316%
Display Solutions Segment [Member] | Second Reporting Unit [Member]
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount	$ 100.4
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	12%

Note 7 - Goodwill and Other I_4

Note 7 - Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Goodwill		$ 133,076	$ 99,661
Goodwill acquired		33,415
Accumulated impairment losses	$ (89,288)	(89,288)
Goodwill	45,030	43,788
Measurement period adjustment	1,242
Lighting Segment [Member]
Goodwill		70,971	70,971
Goodwill acquired		0
Accumulated impairment losses	(61,763)	(61,763)
Goodwill	9,208	9,208
Measurement period adjustment	0
Display Solutions Segment [Member]
Goodwill		62,105	$ 28,690
Goodwill acquired		33,415
Accumulated impairment losses	(27,525)	(27,525)
Goodwill	35,822	$ 34,580
Measurement period adjustment	$ 1,242

Note 7 - Goodwill and Other I_5

Note 7 - Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Amortized intangible assets, gross	$ 86,235	$ 86,235
Accumulated amortization	30,373	25,564
Amortized intangible assets, net	55,862	60,671
Indefinite-lived intangible assets, gross	12,102	12,102
Total other intangible assets, gross	98,337	98,337
Total other intangible assets, net	67,964	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	14,400	10,967
Amortized intangible assets, net	47,683	51,116
Patents [Member]
Amortized intangible assets, gross	268	268
Accumulated amortization	268	237
Amortized intangible assets, net	0	31
Technology-Based Intangible Assets [Member]
Amortized intangible assets, gross	20,966	20,966
Accumulated amortization	14,598	13,415
Amortized intangible assets, net	6,368	7,551
Trade Names [Member]
Amortized intangible assets, gross	2,658	2,658
Accumulated amortization	1,049	939
Amortized intangible assets, net	1,609	1,719
Noncompete Agreements [Member]
Amortized intangible assets, gross	260	260
Accumulated amortization	58	6
Amortized intangible assets, net	$ 202	$ 254

Note 7 - Goodwill and Other I_6

Note 7 - Goodwill and Other Intangible Assets - Amortization Expense of Other Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Amortization expense of other intangible assets	$ 4,809	$ 2,948

Note 7 - Goodwill and Other I_7

Note 7 - Goodwill and Other Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Jun. 30, 2022 USD ($)
2023	$ 4,808
2024	4,760
2025	4,760
2026	4,760
2027	4,754
After 2027	$ 32,020

Note 8 - Revolving Line of Cr_3

Note 8 - Revolving Line of Credit and Long-term Debt (Details Textual) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2022	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2020
Line of Credit Facility, Maximum Borrowing Capacity				$ 100	$ 75
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 75		$ 75
Line of Credit Facility, Interest Rate During Period			3.70%
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%
Line of Credit Facility, Remaining Borrowing Capacity			$ 17.7
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%
London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member] | Forecast [Member]
Debt Instrument, Basis Spread on Variable Rate		1.75%
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate				1%
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%
Base Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Term Loan [Member]
Debt Instrument, Face Amount	$ 25
Debt Instrument, Annual Principal Payment	$ 3.6
Debt Instrument, Term (Year)	5 years

Note 8 - Revolving Line of Cr_4

Note 8 - Revolving Line of Credit and Long-term Debt - Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Secured line of credit	$ 57,275	$ 68,178
Term loan, net of debt issuance costs of $30 and $0, respectively	79,596	68,178
Less: amounts due within one year	3,571	0
Total amounts due after one year, net	76,025	68,178
Term Loan [Member]
Term loan, net of debt issuance costs of $30 and $0, respectively	$ 22,321	$ 0

Note 8 - Revolving Line of Cr_5

Note 8 - Revolving Line of Credit and Long-term Debt - Debt (Details) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Term Loan [Member]
Debt Issuance Costs	$ 30	$ 0

Note 9 - Cash Dividends (Detail

Note 9 - Cash Dividends (Details Textual) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	12 Months Ended
	Aug. 31, 2022	Jun. 30, 2022	Jun. 30, 2021
Payments of Dividends, Total		$ 5.3	$ 5.3
Dividends Accrued		$ 0.2	$ 0.1
Subsequent Event [Member]
Quarterly Indicated Per Share Dividend Rate (in dollars per share)	$ 0.05
Dividends Payable, Date to be Paid	Sep. 06, 2022
Dividends Payable, Date of Record	Aug. 29, 2022

Note 10 - Equity Compensation_2

Note 10 - Equity Compensation (Details Textual)	12 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 USD ($) shares	Nov. 30, 2019 shares
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | shares	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $		$ 200,000
Proceeds from Stock Options Exercised | $	$ 26,000	987,000
Reduction of Federal Income Taxes Payable Related To Stock Option Exercise | $	200,000	100,000
Reduction of Deferred Tax Asset Related to Stock Option Exercises | $	$ 100,000	$ 100,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in shares) | shares	42,420	43,049
Shares Issued, Value, Share-based Payment Arrangement, before Forfeiture | $		$ 300,000
Deferred Compensation Arrangement with Individual, Shares Issued (in shares) | shares	494,047	193,510
Deferred Compensation Plan With Rabbit Trust [Member]
Treasury Stock, Shares, Total (in shares) | shares	821,876	345,875
Treasury Stock, Value, Total | $	$ 5,900,000	$ 2,500,000
Inducement RSUs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | shares	146,281
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | shares		30,626
Inducement PSUs [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | shares	190,980
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | shares		122,509
Inducement Stock Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | shares		75,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)	10 years
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Expense | $	$ 700,000	$ 800,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $	$ 700,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	1 year 2 months 12 days
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | shares	146,281
Share-Based Payment Arrangement, Expense | $	$ 900,000	600,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $	$ 900,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	1 year 10 months 24 days
Dividends, Total | $	$ 65,743
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $	$ 700,000
Performance Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | shares	190,980
Share-Based Payment Arrangement, Expense | $	$ 1,600,000	600,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $	$ 2,400,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	1 year 10 months 28 days
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	$ 8.12
Dividend, Share-Based Payment Arrangement, Cash | $	$ 104,978	$ 86,196
The 2019 Omnibus Award Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | shares			2,650,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares) | shares	1,411,321
Share-based Compensation Arrangement by Share-based Payment Award, Fungible Share Ratio	2.5
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) | shares	146,281
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	3 years
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	$ 8.13
The 2019 Omnibus Award Plan [Member] | Performance Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | shares	190,980
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	$ 8.12

Note 10 - Equity Compensation -

Note 10 - Equity Compensation - Weighted Average Assumptions Used to Develop the Fair Value of Stock Options (Details) - $ / shares	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Dividend yield	0%	2.90%
Expected volatility	0%	50%
Risk-free interest rate	0%	0.30%
Expected life (Year)		6 years
Granted, weighted average grant date fair value (in dollars per share)	$ 0	$ 2.40

Note 10 - Equity Compensation_3

Note 10 - Equity Compensation - Stock Options (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Outstanding, shares (in shares)	2,327,148
Outstanding, weighted average exercise price (in dollars per share)	$ 6.07
Outstanding, weighted average remaining contractual term (Year)	5 years 8 months 12 days	6 years 8 months 12 days
Outstanding, aggregate intrinsic value	$ 2,287,764	$ 5,320,456
Granted, shares (in shares)	0
Granted, weighted average exercise price (in dollars per share)	$ 0
Exercised, shares (in shares)	(4,833)
Exercised, weighted average exercise price (in dollars per share)	$ 5.48
Forfeited, shares (in shares)	(7,024)
Forfeited, weighted average exercise price (in dollars per share)	$ 6.80
Expired, shares (in shares)	(14,500)
Expired, weighted average exercise price (in dollars per share)	$ 9.27
Outstanding, shares (in shares)	2,300,791	2,327,148
Outstanding, weighted average exercise price (in dollars per share)	$ 6.05	$ 6.07
Exercisable, shares (in shares)	1,730,964
Exercisable, weighted average exercise price (in dollars per share)	$ 6.31
Exercisable, weighted average remaining contractual term (Year)	5 years 2 months 12 days
Exercisable, aggregate intrinsic value	$ 1,608,413
Vested and expected to vest at June 30, 2022 (in shares)	2,286,311
Vested and expected to vest, weighted average exercise price (in dollars per share)	$ 6.05
Vested and expected to vest, weighted average remaining contractual term (Year)	5 years 8 months 12 days
Vested and expected to vest, aggregate intrinsic value	$ 2,282,521

Note 10 - Equity Compensation_4

Note 10 - Equity Compensation - Summary of Restricted Stock Units Activity (Details) - $ / shares	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	0
Granted, weighted average grant date fair value (in dollars per share)	$ 0	$ 2.40
Restricted Stock Units (RSUs) [Member]
Unvested, shares (in shares)	200,721
Unvested, weighted average grant date fair value (in dollars per share)	$ 6.42
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	146,281
Granted, weighted average grant date fair value (in dollars per share)	$ 8.13
Vested, shares (in shares)	(96,671)
Vested, weighted average grant date fair value (in dollars per share)	$ 6.26
Forfeited, shares (in shares)	(3,059)
Forfeited, weighted average grant date fair value (in dollars per share)	$ 6.96
Unvested, shares (in shares)	247,272	200,721
Unvested, weighted average grant date fair value (in dollars per share)	$ 7.48	$ 6.42

Note 10 - Equity Compensation_5

Note 10 - Equity Compensation - Summary of Performance Stock Units Activity (Details) - Performance Stock Units [Member]	12 Months Ended
	Jun. 30, 2022 $ / shares shares
Unvested, shares (in shares) | shares	456,887
Unvested, weighted average grant date fair value (in dollars per share) | $ / shares	$ 5.96
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | shares	190,980
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	$ 8.12
Vested (in shares) | shares	(27,350)
Vested, weighted average grant date fair value (in dollars per share) | $ / shares	$ 4.94
Forfeited (in shares) | shares	(23,950)
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares	$ 7.50
Unvested, shares (in shares) | shares	596,567
Unvested, weighted average grant date fair value (in dollars per share) | $ / shares	$ 6.63

Note 11 - Leases and Purchase_3

Note 11 - Leases and Purchase Commitments (Details Textual) $ in Millions	Jun. 30, 2022 USD ($)
Contractual Obligation, Total	$ 65.6
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	7 years

Note 11 - Leases and Purchase_4

Note 11 - Leases and Purchase Commitments - Operating Lease Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating lease cost	$ 3,483	$ 2,428
Amortization of right of use assets	295	291
Interest on lease liabilities	80	91
Variable lease cost	87	10
Sublease income	0	(43)
Total lease cost	3,945	2,777
Fixed payments - operating lease cash flows	3,576	2,412
Liability reduction - operating cash flows	3,064	1,983
Interest - operating cash flows	80	91
Repayments of principal portion - financing cash flows	268	239
Total operating right-of-use assets	8,664	11,579
Long-term operating lease liability	8,240	10,890
Total operating lease liabilities	$ 9,514	$ 12,314
Weighted Average remaining Lease Term (in years) (Year)	3 years 18 days	3 years 11 months 4 days
Weighted Average Discount Rate	4.81%	4.81%
Finance leases, right of use assets	$ 2,033	$ 2,033
Accumulated depreciation	(634)	(339)
Total finance lease assets, net	1,410	1,724
Long-term finance lease liability	1,246	1,521
Total finance lease liabilities	$ 1,521	$ 1,784
Weighted Average remaining Lease Term (in years) (Year)	4 years 9 months 18 days	5 years 9 months 10 days
Weighted Average Discount Rate	4.86%	4.86%
Accrued Expenses [Member]
Accrued expenses (Current liabilities)	$ 1,274	$ 1,424
Accured expenses (Current liabilities)	275	263
Buildings Under Finance Leases [Member]
Finance leases, right of use assets	2,033	2,033
Equipment Under Finance Leases [Member]
Finance leases, right of use assets	$ 11	$ 30

Note 11 - Leases and Purchase_5

Note 11 - Leases and Purchase Commitments - Maturities of Lease Liability (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
2023, operating lease liabilities	$ 3,738
2023, finance lease liabilities	343
2023, operating subleases	(377)
2023, net lease commitments	3,704
2024, operating lease liabilities	3,285
2024, finance lease liabilities	337
2024, operating subleases	(377)
2024, net lease commitments	3,245
2025, operating lease liabilities	2,136
2025, finance lease liabilities	362
2025, operating subleases	(31)
2025, net lease commitments	2,467
2026, operating lease liabilities	835
2026, finance lease liabilities	362
2026, operating subleases	0
2026, net lease commitments	1,197
2027, operating lease liabilities	215
2027, finance lease liabilities	302
2027, operating subleases	0
2027, net lease commitments	517
Thereafter, operating lease liabilities	4
Thereafter, finance lease liabilities	0
Thereafter, operating subleases	0
Thereafter, net lease commitments	4
Total lease payments, operating lease liabilities	10,213
Total lease payments, finance lease liabilities	1,706
Total lease payments, operating subleases	(785)
Total lease payments, net lease commitments	11,134
Less: Interest, operating lease liabilities	(699)
Less: Interest, finance lease liabilities	(185)
Less: Interest, net lease commitments	(884)
Present Value of Lease Liabilities, operating lease liabilities	9,514	$ 12,314
Present Value of Lease Liabilities, finance lease liabilities	1,521	$ 1,784
Present Value of Lease Liabilities, net lease commitments	$ 10,250

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Deferred Tax Assets, Tax Credit Carryforwards, Research	$ 100,000	$ 100,000
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	538,000
Deferred Tax Assets, Operating Loss Carryforwards, Increase from Acquisition	$ 500,000
Deferred Tax Assets, Operating Loss Carryforwards, Foreign, Period (Year)	20 years
Deferred Tax Assets, Operating Loss Carryforwards and Credits State and Local	$ 310,000	624,000
Oregon Net Operating Loss, Term (Year)			4 years
Unrecognized Tax Benefits, Ending Balance	600,000	700,000
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	300,000	300,000
Unrecognized Tax Benefits, Income Tax Penalties Accrued	200,000	200,000
Reserve for Unrecognized Tax Benefits, Including Penalties and Interest	1,100,000	1,200,000
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	600,000	700,000
Unrecognized Tax Benefits, Period Increase (Decrease), Total	100,000	100,000
Unrecognized Tax Benefits, Interest on Income Taxes Expense	8,000	32,000
Unrecognized Tax Benefits, Income Tax Penalties Expense	10,000	19,000
JSI Store Fixtures [Member]
Deferred Tax Assets, Operating Loss Carryforwards, Total		300,000
Deferred Tax Assets, Operating Loss Carryforwards and Credits State and Local		300,000
Domestic Tax Authority [Member]
Deferred Tax Assets, Operating Loss Carryforwards, Total	$ 1,100,000	1,500,000
Domestic Tax Authority [Member] | Virticus [Member]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration		1,400,000	$ 100,000
Operating Loss Carryforwards, Expiration Period (Year)			3 years
State and Local Jurisdiction [Member] | Oregon Department of Revenue [Member]
Tax Credit Carryforward, Valuation Allowance			$ 100,000
State and Local Jurisdiction [Member] | New York State Division of Taxation and Finance [Member]
Deferred Tax Asset and Related Valuation Allowance, Eliminated		$ 2,100,000

Note 12 - Income Taxes - Compon

Note 12 - Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
United States	$ 20,124	$ 7,117
Foreign	(1,039)	799
Income before income taxes	19,085	7,916
U.S. Federal	3,586	2,425
Foreign	165	247
State and local	644	434
Total current	4,395	3,106
Deferred	(342)	(1,058)
Total provision for income taxes	$ 4,053	$ 2,048

Note 12 - Income Taxes - Reconc

Note 12 - Income Taxes - Reconciliation of Income Tax Rate (Details)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Federal statutory rate	21%	21%
State and local taxes, net of federal benefit	3%	1.50%
Foreign operations	0%	1%
Federal tax credits	(1.00%)	(1.50%)
Valuation allowance	0%	(25.90%)
NY State Tax Credits	0%	25.90%
Transaction cost	0%	3.50%
Uncertain tax position activity	(0.30%)	(0.10%)
Stock-based compensation	(0.30%)	1%
Tax rate changes	(1.40%)	(0.30%)
Other	0.20%	(0.20%)
Effective tax rate	21.20%	25.90%

Note 12 - Income Taxes - Comp_2

Note 12 - Income Taxes - Components of Deferred Income Tax Assets and (Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Uncertain tax positions	$ 169	$ 138
Reserves against current assets	1,110	936
Accrued expenses	2,596	3,348
Interest	0	927
Deferred compensation	1,195	514
Stock-based compensation	1,421	841
Deferred Tax Assets, Operating Loss Carryforwards and Credits State and Local	310	624
Lease Liability	2,667	4,408
Canadian NOL	538
Goodwill, acquisition costs and intangible assets, deferred tax assets	0	0
U.S. Federal net operating loss carryover and credits	1,235	1,587
Deferred income tax asset before valuation allowance	11,241	13,323
Valuation allowance	(108)	(108)
Deferred income tax asset	11,133	13,215
Goodwill, acquisition costs and intangible assets	(3,519)	(3,683)
Depreciation	(2,205)	(2,677)
Right of Use Asset	(2,513)	(4,299)
Deferred income tax liability	(8,237)	(10,659)
Net deferred income tax asset	$ 2,896	$ 2,556

Note 12 - Income Taxes - Liabil

Note 12 - Income Taxes - Liability for Uncertain Tax Positions (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Balance at the beginning of the fiscal year	$ 682	$ 607
Decreases - tax positions in prior period	(117)	(52)
Increase - tax positions in current period	82	49
Increases - tax positions in prior period	0	78
Settlements and payments	0	0
Lapse of statute of limitations	0	0
Balance at end of the fiscal year	$ 647	$ 682

Note 13 - Supplemental Cash F_3

Note 13 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Interest	$ 1,668	$ 127
Income taxes	4,965	356
Issuance of common shares as compensation	300	315
Issuance of common shares to fund deferred compensation plan	$ 3,610	$ 1,534

Note 14 - Commitments and Con_2

Note 14 - Commitments and Contingencies (Details Textual) $ in Thousands	Jun. 30, 2022 USD ($)
Standby Letters of Credit [Member]
Letters of Credit Outstanding, Amount	$ 0

Note 15 - Severance Costs (Deta

Note 15 - Severance Costs (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Severance Costs	$ 12	$ 26
Employee Severance [Member] | Maximum [Member]
Severance Costs	$ 100	$ 100

Note 15 - Severance Costs - Acc

Note 15 - Severance Costs - Accrued Severance Liability Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Balance	$ 13	$ 639
Accrual of expense	13	41
Payments	(26)	(667)
Balance	$ 0	$ 13

Note 16 - Related Party Trans_3

Note 16 - Related Party Transactions - Revenue From Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Wesco International [Member]
Revenue from related parties	$ 0	$ 2,013

Note 16 - Related Party Trans_4

Note 16 - Related Party Transactions - Assets Recorded With Related Parties (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Wesco International [Member]
Assets recorded with related parties	$ 0	$ 264

Note 17 - Summary of Quarterl_3

Note 17 - Summary of Quarterly Results (Unaudited) - Quarterly Results (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2022	Jun. 30, 2021
Net Sales	$ 127,469	$ 110,111	$ 111,143	$ 106,397	$ 97,015	$ 72,204	$ 76,387	$ 70,006
Gross Profit	32,457	26,793	25,448	24,510	22,904	18,092	19,706	18,272	$ 109,208	$ 78,974
Net Income	$ 5,176	$ 3,618	$ 3,105	$ 3,133	$ 198	$ 1,472	$ 2,208	$ 1,990	$ 15,032	$ 5,868
Basic (in dollars per share)	$ 0.19	$ 0.13	$ 0.11	$ 0.12	$ 0.01	$ 0.05	$ 0.08	$ 0.08	$ 0.55	$ 0.22
Diluted (in dollars per share)	0.18	0.13	0.11	0.11	0.01	0.05	0.08	0.07	$ 0.54	$ 0.21
Maximum [Member]
Share prices (in dollars per share)	7.66	7.49	8.42	8.43	9.54	10.78	9.01	7.34
Minimum [Member]
Share prices (in dollars per share)	$ 5.53	$ 6	$ 6.41	$ 7.12	$ 7.55	$ 8.09	$ 6.75	$ 5.52
Fiscal Year [Member]
Net Sales									$ 455,120	$ 315,612
Gross Profit									109,208	78,974
Net Income									$ 15,032	$ 5,868
Basic (in dollars per share)									$ 0.55	$ 0.22
Diluted (in dollars per share)									0.54	0.21
Fiscal Year [Member] | Maximum [Member]
Share prices (in dollars per share)									8.43	10.78
Fiscal Year [Member] | Minimum [Member]
Share prices (in dollars per share)									$ 5.53	$ 5.52

Schedule II - Valuation and Q_3

Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands		12 Months Ended
		Jun. 30, 2022	Jun. 30, 2021
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Balance, Beginning of Period		$ 256	$ 273
Additions Charged to Costs and Expenses		249	19
Additions From Company Acquired		0	24
Deductions	[1]	(6)	(60)
Balance, End of Period		499	256
SEC Schedule, 12-09, Reserve, Inventory [Member]
Balance, Beginning of Period		5,050	3,821
Additions Charged to Costs and Expenses		2,111	1,754
Additions From Company Acquired		0	380
Deductions	[1]	(1,714)	(905)
Balance, End of Period		5,447	5,050
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Balance, Beginning of Period		108	2,194
Additions Charged to Costs and Expenses		0	0
Additions From Company Acquired		0	0
Deductions	[1]	0	(2,086)
Balance, End of Period		$ 108	$ 108
[1]For Allowance for credit lo, deductions are uncollectible accounts charged off, less recoveries.