LSI Industries (LYTS) 10-Q 7 Feb 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2022	Jan. 27, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	0-13375
Entity Registrant Name	LSI Industries Inc.
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-0888951
Entity Address, Address Line One	10000 Alliance Road
Entity Address, City or Town	Cincinnati
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45242
City Area Code	513
Local Phone Number	793-3200
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	LYTS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		28,166,965
Entity Central Index Key	0000763532
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Net Sales	$ 128,804	$ 111,143	$ 255,873	$ 217,540
Cost of products and services sold	94,646	85,695	186,964	167,582
Severence Costs	18	0	31	0
Gross profit	34,140	25,448	68,878	49,958
Selling and administrative expenses	25,102	21,026	49,819	41,092
Operating income	9,038	4,422	19,059	8,866
Interest expense	1,258	529	2,046	763
Other expense (income)	(55)	9	158	88
Income before income taxes	7,835	3,884	16,855	8,015
Income tax expense	1,418	779	4,177	1,777
Net income	$ 6,417	$ 3,105	$ 12,678	$ 6,238
Earnings per common share (see Note 4)
Basic (in dollars per share)	$ 0.23	$ 0.11	$ 0.45	$ 0.23
Diluted (in dollars per share)	$ 0.22	$ 0.11	$ 0.44	$ 0.22
Weighted average common shares outstanding
Basic (in shares)	28,078	27,292	27,874	27,144
Diluted (in shares)	29,204	28,067	28,766	27,895

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Net Income	$ 6,417	$ 3,105	$ 12,678	$ 6,238
Foreign currency translation adjustment	68	9	75	(35)
Comprehensive Income	$ 6,485	$ 3,114	$ 12,753	$ 6,203

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Current assets
Cash and cash equivalents	$ 2,765	$ 2,462
Accounts receivable, less allowance for credit losses of $392 and $499, respectively	67,352	77,750
Inventories	73,205	74,421
Refundable income taxes	1,325	1,041
Other current assets	4,378	3,243
Total current assets	149,025	158,917
Property, Plant and Equipment, at cost
Land	4,010	4,010
Buildings	24,485	24,495
Machinery and equipment	67,322	66,762
Buildings under finance leases	2,033	2,033
Construction in progress	893	618
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization	98,743	97,918
Less accumulated depreciation	(72,957)	(70,760)
Net property, plant and equipment	25,786	27,158
Goodwill	45,030	45,030
Other intangible assets, net	65,584	67,964
Operating lease right-of-use assets	7,548	8,664
Other long-term assets, net	3,310	3,347
Total assets	296,283	311,080
LIABILITIES & SHAREHOLDERS' EQUITY
Current maturities of long-term debt	3,571	3,571
Accounts payable	27,293	34,783
Accrued expenses	33,270	36,264
Total current liabilities	64,134	74,618
Long-term debt	59,250	76,025
Finance lease liabilities	1,105	1,246
Operating lease liabilities	6,957	8,240
Other long-term liabilities	3,521	3,182
Commitments and contingencies (Note 12)	0	0
Shareholders' Equity
Preferred shares, without par value; Authorized 1,000,000 shares, none issued	0	0
Common shares, without par value; Authorized 50,000,000 shares; Outstanding 28,120,755 and 27,484,514 shares, respectively	142,988	139,500
Treasury shares, without par value	(6,988)	(5,927)
Deferred compensation plan	6,988	5,927
Retained earnings	18,208	8,224
Accumulated other comprehensive income	120	45
Total shareholders' equity	161,316	147,769
Total liabilities & shareholders' equity	$ 296,283	$ 311,080

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Accounts Receivable, Allowance for Credit Loss, Current	$ 392	$ 499
Preferred shares, par value (in dollars per share)	$ 0	$ 0
Preferred shares, authorized shares (in shares)	1,000,000	1,000,000
Preferred shares, issued (in shares)	0	0
Common shares, par value (in dollars per share)	$ 0	$ 0
Common shares, authorized shares (in shares)	50,000,000	50,000,000
Common shares, authorized shares (in shares)	50,000,000	50,000,000
Common Stock, Shares, Outstanding, Ending Balance (in shares)	28,120,755	27,484,514

Condensed Consolidated Balanc_3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands	Dec. 31, 2022	Jun. 30, 2022
Preferred shares, par value (in dollars per share)	$ 0	$ 0
Preferred shares, authorized shares (in shares)	1,000,000	1,000,000
Preferred shares, issued (in shares)	0	0
Common shares, par value (in dollars per share)	$ 0	$ 0
Common shares, authorized shares (in shares)	50,000,000	50,000,000
Common shares, authorized shares (in shares)	50,000,000	50,000,000
Common Stock, Shares, Outstanding, Ending Balance (in shares)	28,120,755	27,484,514

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock Including Additional Paid in Capital [Member]	Treasury Stock [Member]	Key Executive Deferred Compensation [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Jun. 30, 2021	26,863	(346)
Balance at Jun. 30, 2021	$ 132,526	$ (2,450)	$ 2,450	$ 49	$ (1,405)	$ 131,170
Net Income	0	0	0	0	6,238	6,238
Other comprehensive loss	$ 0	$ 0	0	(35)	0	(35)
Stock compensation awards (in shares)	19	0
Stock compensation awards	$ 150	$ 0	0	0	0	150
Restricted stock units issued, net of shares withheld for tax withholdings (in shares)	80	0
Restricted stock units issued, net of shares withheld for tax withholdings	$ (250)	$ 0	0	0	0	(250)
Shares issued for deferred compensation (in shares)	334	0
Shares issued for deferred compensation	$ 2,569	$ 0	0	0	0	2,569
Activity of treasury shares, net (in shares)	0	324
Activity of treasury shares, net	$ 0	$ 2,491	0	0	0	2,491
Deferred stock compensation	0	0	2,491	0	0	2,491
Stock compensation expense	$ 1,686	$ 0	0	0	0	1,686
Stock options exercised, net (in shares)	5	0
Stock options exercised, net	$ 26	$ 0	0	0	0	26
Dividends — $0.20 per share	$ 0	$ 0	0	0	(2,668)	(2,668)
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
Net Income	0	0	0	0	12,678	12,678
Other comprehensive loss	$ 0	$ 0	0	75	0	75
Stock compensation awards (in shares)	35	0
Stock compensation awards	$ 173	$ 0	0	0	0	173
Restricted stock units issued, net of shares withheld for tax withholdings (in shares)	272	0
Restricted stock units issued, net of shares withheld for tax withholdings	$ (465)	$ 0	0	0	0	(465)
Shares issued for deferred compensation (in shares)	137	0
Shares issued for deferred compensation	$ 1,087	$ 0	0	0	0	1,087
Activity of treasury shares, net (in shares)	0	(135)
Activity of treasury shares, net	$ 0	$ (1,061)	0	0	0	(1,061)
Deferred stock compensation	0	0	1,061	0	0	1,061
Stock compensation expense	$ 1,415	$ 0	0	0	0	1,415
Stock options exercised, net (in shares)	192	0
Stock options exercised, net	$ 1,278	$ 0	0	0	0	1,278
Dividends — $0.20 per share	$ 0	$ 0	$ 0	$ 0	$ (2,694)	$ (2,694)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Dividend per share (in dollars per share)	$ 0.20	$ 0.20

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (2) - 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, 2021	26,863	(346)
Balance at Jun. 30, 2021	$ 132,526	$ (2,450)	$ 2,450	$ 49	$ (1,405)	$ 131,170
Net Income	0	0	0	0	6,238	6,238
Other comprehensive loss	$ 0	$ 0	0	(35)	0	(35)
Stock compensation awards (in shares)	19	0
Stock compensation awards	$ 150	$ 0	0	0	0	150
Restricted stock units issued, net of shares withheld for tax withholdings (in shares)	80	0
Restricted stock units issued, net of shares withheld for tax withholdings	$ (250)	$ 0	0	0	0	(250)
Shares issued for deferred compensation (in shares)	334	0
Shares issued for deferred compensation	$ 2,569	$ 0	0	0	0	2,569
Activity of treasury shares, net (in shares)	0	324
Activity of treasury shares, net	$ 0	$ 2,491	0	0	0	2,491
Deferred stock compensation	0	0	2,491	0	0	2,491
Stock compensation expense	$ 1,686	$ 0	0	0	0	1,686
Stock options exercised, net (in shares)	5	0
Stock options exercised, net	$ 26	$ 0	0	0	0	26
Dividends — $0.20 per share	$ 0	$ 0	0	0	(2,668)	(2,668)
Balance (in shares) at Dec. 31, 2021	27,301	(670)
Balance at Dec. 31, 2021	$ 136,707	$ (4,941)	4,941	14	2,165	138,886
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
Net Income	0	0	0	0	12,678	12,678
Other comprehensive loss	$ 0	$ 0	0	75	0	75
Stock compensation awards (in shares)	35	0
Stock compensation awards	$ 173	$ 0	0	0	0	173
Restricted stock units issued, net of shares withheld for tax withholdings (in shares)	272	0
Restricted stock units issued, net of shares withheld for tax withholdings	$ (465)	$ 0	0	0	0	(465)
Shares issued for deferred compensation (in shares)	137	0
Shares issued for deferred compensation	$ 1,087	$ 0	0	0	0	1,087
Activity of treasury shares, net (in shares)	0	(135)
Activity of treasury shares, net	$ 0	$ (1,061)	0	0	0	(1,061)
Deferred stock compensation	0	0	1,061	0	0	1,061
Stock compensation expense	$ 1,415	$ 0	0	0	0	1,415
Stock options exercised, net (in shares)	192	0
Stock options exercised, net	$ 1,278	$ 0	0	0	0	1,278
Dividends — $0.20 per share	$ 0	$ 0	0	0	(2,694)	(2,694)
Balance (in shares) at Dec. 31, 2022	28,120	(957)
Balance at Dec. 31, 2022	$ 142,988	$ (6,988)	$ 6,988	$ 120	$ 18,208	$ 161,316

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (2) (Parentheticals) - $ / shares	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Dividend per share (in dollars per share)	$ 0.20	$ 0.20

Condensed Consolidated Statem_7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash Flows from Operating Activities
Net Income	$ 12,678	$ 6,238
Non-cash items included in net income
Depreciation and amortization	4,840	5,101
Deferred income taxes	49	(256)
Deferred compensation plan	1,087	2,569
Stock compensation expense	1,415	1,686
Issuance of common shares as compensation	173	150
Loss on disposition of fixed assets	37	22
Allowance for doubtful accounts	(108)	148
Inventory obsolescence reserve	300	955
Changes in certain assets and liabilities
Accounts receivable	10,506	(11,608)
Inventories	916	(13,995)
Refundable income taxes	(284)	77
Accounts payable	(7,490)	3,747
Accrued expenses and other	(1,581)	(6,360)
Customer prepayments	(2,476)	(5,017)
Net cash flows provided by (used in) operating activities	20,062	(16,543)
Cash Flows from Investing Activities
Purchases of property, plant and equipment	(995)	(745)
Adjustment to JSI acquisition purchase price	0	500
Proceeds from the sale of fixed assets	1	0
Net cash flows used in investing activities	(994)	(245)
Cash Flows from Financing Activities
Payments of long-term debt	(102,152)	(77,737)
Borrowings of long-term debt	85,377	96,192
Cash dividends paid	(2,694)	(2,657)
Shares withheld for employees' taxes	(465)	(250)
Payments on financing lease obligations	(123)	(129)
Proceeds from stock option exercises	1,278	26
Net cash flows (used in) provided by financing activities	(18,779)	15,445
Change related to foreign currency	14	(25)
Increase (decrease) in cash and cash equivalents	303	(1,368)
Cash and cash equivalents at beginning of period	2,462	2,282
Cash and cash equivalents at end of period	$ 2,765	$ 914

Note 1 - Interim Condensed Cons

Note 1 - Interim Condensed Consolidated Financial Statements	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Condensed Financial Statements [Text Block]	NOTE 1 - INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS The interim condensed consolidated financial statements are unaudited and are prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information, and rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the interim financial statements include all normal adjustments and disclosures necessary to present fairly the Company’s financial position as of December 31, 2022, the results of its operations for the three and six-month periods ended December 31, 2022, and 2021, and its cash flows for the six-month periods ended December 31, 2022, and 2021. These statements should be read in conjunction with the financial statements and footnotes included in the fiscal 2022 Annual Report on Form 10-K. Financial information as of June 30, 2022, has been derived from the Company’s audited consolidated financial statements.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Consolidation: A summary of the Company’s significant accounting policies is included in Note 1 to the audited consolidated financial statements of the Company’s fiscal 2022 Annual Report on Form 10-K. 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 to 90 days from the shipping date, depending on the terms with the customer. The Company offers standard warranties that do not represent separate performance obligations. Installation is a separate performance obligation, except for the Company’s digital signage products. For digital signage products, installation is not a separate performance obligation as the product and installation is the combined item promised in digital signage contracts. The Company is not always responsible for installation of products it sells and has no post-installation responsibilities other than standard warranties. 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 have an alternative use. For these products, the Company has a legal right to payment for performance to date and generally does not accept returns on these items. The measurement of performance is based upon cost plus a reasonable profit margin for work completed. Because there is no alternative use and there is a legal right to payment, the Company transfers control of the item as the item is being produced and therefore, recognizes revenue over time. The customized product types are as follows: ● 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) the customer has requested delayed delivery and storage of the products by the Company because the customer wants to secure a supply of the products but lacks storage space; (ii) the risk of ownership has passed to the customer; (iii) the products are segregated from the Company’s other inventory items held for sale; (iv) the products are ready for shipment to the customer; and (v) the Company does not have the ability to use the products or direct them to another customer. Disaggregation of Revenue The Company disaggregates the revenue from contracts with customers by the timing of revenue recognition because the Company believes it best depicts the nature, amount, and timing of its revenue and cash flows. The table below presents a reconciliation of the disaggregation by reportable segments: Three Months Ended (In thousands) December 31, 2022 December 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 58,591 $ 47,027 $ 50,141 $ 35,437 Products and services transferred over time 8,242 14,944 7,135 18,430 $ 66,833 $ 61,971 $ 57,276 $ 53,867 Six Months Ended (In thousands) December 31, 2022 December 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 116,668 $ 94,516 $ 94,723 $ 72,868 Products and services transferred over time 17,698 26,991 13,813 36,136 $ 134,366 $ 121,507 $ 108,536 $ 109,004 Three Months Ended (In thousands) December 31, 2022 December 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 54,410 $ 5,801 $ 47,626 $ 12,551 Poles, printed graphics, display fixtures 11,632 41,683 9,079 31,127 Project management, installation services, shipping and handling 791 14,487 571 10,189 $ 66,833 $ 61,971 $ 57,276 $ 53,867 Six Months Ended (In thousands) December 31, 2022 December 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 109,945 $ 12,976 $ 89,505 $ 24,979 Poles, printed graphics, display fixtures 22,761 83,154 18,045 64,429 Project management, installation services, shipping and handling 1,660 25,377 986 19,596 $ 134,366 $ 121,507 $ 108,536 $ 109,004 Practical Expedients and Exemptions ● The Company’s contracts with customers have an expected duration of one year or less, as such, the Company applies the practical expedient to expense sales commissions as incurred and has omitted disclosures on the amount of remaining performance obligations. ● Shipping costs that are not material in context of the delivery of products are expensed as incurred. ● 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 to 90 days of completion of the performance obligation and invoicing; therefore, payments do not contain significant financing components. ● The Company collects sales tax and other taxes concurrent with revenue-producing activities which are excluded from revenue. Shipping and handling costs are treated as fulfillment activities and included in cost of products and services sold on the Consolidated Statements of Operations. New Accounting Pronouncements: In October 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers,” creating an exception to the recognition and measurement principles in ASC 805. The amendment requires that entities apply ASC 606, “Revenue from Contracts with Customers,” rather than using fair value, to recognize and measure contracts assets and contract liabilities from contracts with customers acquired in a business combination. The ASU is effective for fiscal years beginning after December 15, 2022, and interim periods therein. Early adoption is permitted, including adoption in an interim period, regardless of whether a business combination occurs in that period. The guidance should be applied prospectively; however, an entity that elects to early adopt in an interim period should apply the amendments to all business combinations that occurred during the fiscal year that includes that interim period. The Company is evaluating the impact this guidance may have on its consolidated financial statements and related disclosures. In December 2019, the Financial Accounting Standards Board ("FASB") issued ASU 2019-12, "Income Taxes - Simplifying the Accounting for Income Taxes (Topic 740)." This guidance removes certain exceptions to the general principles in ASC 740 such as recognizing deferred taxes for equity investments, the incremental approach to performing intra-period tax allocation and calculating income taxes in interim periods. The standard also simplifies accounting for income taxes under U.S. GAAP by clarifying and amending existing guidance, including the recognition of deferred taxes for goodwill, the allocation of taxes to members of a consolidated group and requiring that an entity reflect the effect of enacted changes in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The Company adopted ASC 2019-12 effective July 1, 2021, which did not have a material impact on its consolidated financial statements or disclosures.

Note 3 - Segment Reporting Info

Note 3 - Segment Reporting Information	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 3 - SEGMENT REPORTING 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 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 Display Solutions Segment manufactures, sells and installs exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, menu board systems, display fixtures, refrigerated displays, and custom display elements. These products are used in visual image programs in several markets including 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 Display Solutions Segment also provides a variety of project management services to complement our display elements, such as installation management, site surveys, permitting, and content management which are offered to our customers to support our digital signage. 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 One no One Summarized financial information for the Company’s operating segments is provided for the indicated periods and as of December 31, 2022 and December 31, 2021: Three Months Ended Six Months Ended (In thousands) December 31 December 31 2022 2021 2022 2021 Net Sales: Lighting Segment $ 66,833 $ 57,276 $ 134,366 $ 108,536 Display Solutions Segment 61,971 53,867 121,507 109,004 $ 128,804 $ 111,143 $ 255,873 $ 217,540 Operating Income (Loss): Lighting Segment $ 6,754 $ 4,623 $ 15,912 $ 8,962 Display Solutions Segment 7,762 3,837 14,258 7,586 Corporate and Eliminations (5,478 ) (4,038 ) (11,111 ) (7,682 ) $ 9,038 $ 4,422 $ 19,059 $ 8,866 Capital Expenditures: Lighting Segment $ 74 $ 172 $ 323 $ 352 Display Solutions Segment 539 254 700 475 Corporate and Eliminations (52 ) 22 (28 ) (82 ) $ 561 $ 448 $ 995 $ 745 Depreciation and Amortization: Lighting Segment $ 1,382 $ 1,450 $ 2,769 $ 2,911 Display Solutions Segment 975 1,016 1,949 2,047 Corporate and Eliminations 62 72 122 143 $ 2,419 $ 2,538 $ 4,840 $ 5,101 December 31, 2022 June 30, 2022 Identifiable Assets: Lighting Segment $ 143,741 $ 152,431 Display Solutions Segment 145,722 152,302 Corporate and Eliminations 6,820 6,347 $ 296,283 $ 311,080 The segment net sales reported above represent sales to external customers. Segment operating income, which is used in management’s evaluation of segment performance, represents net sales less all operating expenses. Identifiable assets are those assets used by each segment in its operations. The Company records a 10% mark-up on intersegment revenues. Any intersegment profit in inventory is eliminated in consolidation. Intersegment revenues were eliminated in consolidation as follows: Inter-segment sales Three Months Ended Six Months Ended (In thousands) December 31 December 31 2022 2021 2022 2021 Lighting Segment inter-segment net sales $ 5,067 $ 11,266 $ 11,210 $ 21,723 Display Solutions Segment inter-segment net sales $ 30 $ 72 $ 36 $ 235 The Company’s operations are located solely within North America. As a result, the geographic distribution of the Company’s net sales and long-lived assets originate within North America.

Note 4 - Earnings Per Common Sh

Note 4 - Earnings Per Common Share	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 4 - EARNINGS PER COMMON SHARE The following table presents the amounts used to compute basic and diluted earnings per common share, as well as the effect of dilutive potential common shares on weighted average shares outstanding (in thousands, except per share data): Three Months Ended Six Months Ended December 31 December 31 2022 2021 2022 2021 BASIC EARNINGS PER SHARE Net income $ 6,417 $ 3,105 $ 12,678 $ 6,238 Weighted average shares outstanding during the period, net of treasury shares 27,005 26,625 26,890 26,589 Weighted average vested restricted stock units outstanding 117 30 81 24 Weighted average shares outstanding in the Deferred Compensation Plan during the period 956 637 903 531 Weighted average shares outstanding 28,078 27,292 27,874 27,144 Basic income per share $ 0.23 $ 0.11 $ 0.45 $ 0.23 DILUTED EARNINGS PER SHARE Net income $ 6,417 $ 3,105 $ 12,678 $ 6,238 Weighted average shares outstanding: Basic 28,078 27,292 27,874 27,144 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 1,126 775 892 751 Weighted average shares outstanding 29,204 28,067 28,766 27,895 Diluted income per share $ 0.22 $ 0.11 $ 0.44 $ 0.22 Anti-dilutive securities (b) 85 981 452 984 (a) Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period. (b) Anti-dilutive securities were excluded from the computation of diluted net income per share for the three months ended December 31, 2022, and December 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

Note 5 - Inventories, Net	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 5 INVENTORIES, NET The following information is provided as of the dates indicated: December 31, June 30, (In thousands) 2022 2022 Inventories: Raw materials $ 51,532 $ 51,637 Work-in-progress 6,844 3,029 Finished goods 14,829 19,755 Total Inventories $ 73,205 $ 74,421

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	6 Months Ended
	Dec. 31, 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: December 31, June 30, (In thousands) 2022 2022 Accrued Expenses: Customer prepayments $ 3,940 $ 6,416 Compensation and benefits 9,865 9,611 Accrued warranty 4,516 4,491 Operating lease liabilities 1,347 1,274 Accrued sales commissions 3,528 4,783 Accrued Freight 3,348 3,680 Accrued FICA 396 1,122 Finance lease liabilities 281 275 Accrued income tax - 109 Other accrued expenses 6,049 4,503 Total Accrued Expenses $ 33,270 $ 36,264

Note 7 - Goodwill and Other Int

Note 7 - Goodwill and Other Intangible Assets	6 Months Ended
	Dec. 31, 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 assess qualitative factors in order to determine if goodwill and indefinite-lived intangible assets are impaired. If through the qualitative assessment it is determined that it is more likely than not that goodwill and indefinite-lived assets are not impaired, no further testing is required. If it is determined more likely than not that goodwill and indefinite-lived assets are impaired, or if the Company elects not to first assess qualitative factors, the Company’s impairment testing continues with the estimation of the fair value of the reporting unit using a combination of a market approach and an income (discounted cash flow) approach, at the reporting unit level. The estimation of the fair value of reporting unit requires significant management judgment with respect to revenue and expense growth rates, changes in working capital and the selection and use of an appropriate discount rate. The estimates of the fair value of reporting units are based on the best information available as of the date of the assessment. The use of different assumptions would increase or decrease estimated discounted future operating cash flows and could increase or decrease an impairment charge. Company management uses its judgment in assessing whether assets may have become impaired between annual impairment tests. Indicators such as adverse business conditions, economic factors and technological change or competitive activities may signal that an asset has become impaired. The Company identified its reporting units in conjunction with its annual goodwill impairment testing. The Company has a total of three One two The following table presents information about the Company's goodwill on the dates or for the periods indicated: Goodwill (In thousands) Display Lighting Solutions Segment Segment Total Balance as of December 31, 2022 Goodwill $ 70,971 $ 63,347 $ 134,318 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of December 31, 2022 $ 9,208 $ 35,822 $ 45,030 Balance as of June 30, 2022 Goodwill $ 70,971 $ 63,347 $ 134,318 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of June 30, 2022 $ 9,208 $ 35,822 $ 45,030 The gross carrying amount and accumulated amortization by each major intangible asset class is as follows: Other Intangible Assets December 31, 2022 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 16,108 $ 45,975 Patents 268 268 - LED technology firmware, software 20,966 15,191 5,775 Trade name 2,658 1,102 1,556 Non-compete 260 84 176 Total Amortized Intangible Assets 86,235 32,753 53,482 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 $ 32,753 $ 65,584 Other Intangible Assets June 30, 2022 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 14,400 $ 47,683 Patents 268 268 - LED technology firmware, 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 Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2022 2021 2022 2021 Amortization Expense of Other Intangible Assets $ 1,190 $ 1,198 $ 2,380 $ 2,413 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 - Debt

Note 8 - Debt	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 8 - DEBT The Company’s long-term debt as of September 30, 2022, and June 30, 2022, consisted of the following: December 31, June 30, (In thousands) 2022 2022 Secured line of credit $ 42,310 $ 57,275 Term loan, net of debt issuance costs of $26 and $30, respectively 20,511 22,321 Total debt 62,821 79,596 Less: amounts due within one year 3,571 3,571 Total amounts due after one tear, net $ 59,250 $ 76,025 In September 2021, the Company amended its existing $100 million secured line of credit, to a $25 million term loan and $75 million remaining as a secured revolving line of credit. Both facilities expire in the third quarter of fiscal 2026. The principal of the term loan is repaid annually in the amount of $3.6 million over a five-year The Company is in compliance with all of its loan covenants as of December 31, 2022.

Note 9 - Cash Dividends

Note 9 - Cash Dividends	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 9 - CASH DIVIDENDS The Company paid cash dividends of $2.7 million in both the six months ended December 31, 2022, and December 31, 2021. In January 2023, the Board of Directors declared a regular quarterly cash dividend of $0.05 per share payable February 14, 6,

Note 10 - Equity Compensation

Note 10 - Equity Compensation	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	NOTE 10 EQUITY COMPENSATION In November 2022, the Company’s shareholders approved the amendment and restatement of the 2019 Omnibus Award Plan (“2019 Omnibus Plan”) which increased the number of shares authorized for issuance under the plan by 2,350,000 and removed the Plan’s fungible share counting feature. The purpose of the 2019 Omnibus Plan is to provide a means to attract and retain key personnel and to align the interests of the directors, officers, and employees with the Company’s shareholders. The plan also provides a vehicle whereby directors and officers may acquire shares in order to meet the ownership requirements under the Company’s Stock Ownership Policy. Except for Restricted Stock Unit (“RSU”) grants which are time-based, participants in the Company’s Long-Term Equity Compensation Plans are awarded the opportunity to acquire shares over a three-year performance measurement period tied to specific company performance metrics. The number of shares that remain reserved for issuance under the 2019 Omnibus Plan equates to 2,637,095 as of December 31, 2022. The 2019 Omnibus Plan allows for the grant of stock options, stock appreciation rights, restricted stock awards, restricted stock units RSUs, performance stock units (“PSUs”) and other awards. In the first quarter of fiscal 2023, the Company granted 164,348 PSU’s and 197,915 RSU’s, both with a weighted average market value of $6.90. Stock compensation expense was $0.8 million and $1.1 million for the three months ended December 31, 2022, and 2021, respectively, and $1.4 million and $1.7 million in the six months ended December 31, 2022, and 2021, respectively.

Note 11 - Supplemental Cash Flo

Note 11 - Supplemental Cash Flow Information	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 11 - SUPPLEMENTAL CASH FLOW INFORMATION Six Months Ended (In thousands) December 31 2022 2021 Cash Payments: Interest $ 1,689 $ 627 Income taxes $ 4,299 $ 2,820 Non-cash investing and financing activities Issuance of common shares as compensation $ 173 $ 150 Issuance of common shares to fund deferred compensation plan $ 1,087 $ 2,569

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 12 - 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 disclose a range of potential loss because the likelihood of such a loss is remote. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company’s financial position, results of operations, cash flows or liquidity. The Company may occasionally issue a standby letter of credit in favor of third parties. As of December 31, 2022, there were no such standby letters of credit issued.

Note 13 - Leases

Note 13 - Leases	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Lessee, Leases [Text Block]	NOTE 13 - LEASES The Company leases certain manufacturing facilities along with a small office space, several forklifts, several small tooling items, and various items of office equipment. The Company also acquired buildings, machinery, and forklift leases with the acquisition of JSI, as well as one sublease. All but two of the Company’s leases are operating leases. Leases have a remaining term of one seven The Company has periodically entered into short-term operating leases with an initial term of twelve months or less. The Company elected not to record these leases on the balance sheet. For the three and six months ended December 31, 2022, and 2021, the rent expense for these leases is immaterial. The Company has certain leases that contain lease and non-lease components and has elected to utilize the practical expedient to account for these components together as a single lease component. Lease expense is recognized on a straight-line basis over the lease term. The Company used its incremental borrowing rate when determining the present value of lease payments. Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2022 2021 2022 2021 Operating lease cost $ 885 $ 870 $ 1,776 $ 1,749 Financing lease cost: Amortization of right of use assets 74 74 148 148 Interest on lease liabilities 17 20 35 41 Variable lease cost 22 22 44 44 Sublease income (116 ) (94 ) (232 ) (188 ) Total lease cost $ 882 $ 892 $ 1,771 $ 1,794 Three Months Ended December 31, (In thousands) 2022 2021 Cash flows from operating leases Fixed payments - operating cash flows $ 1,832 $ 1,778 Liability reduction - operating cash flows $ 1,618 $ 1,502 Cash flows from finance leases Interest - operating cash flows $ 35 $ 42 Repayments of principal portion - financing cash flows $ 123 $ 129 Operating Leases: December 31, June 30, 2022 2022 Total operating right-of-use assets $ 7,548 $ 8,664 Accrued expenses (Current liabilities) $ 1,347 $ 1,274 Long-term operating lease liability 6,957 8,240 Total operating lease liabilities $ 8,304 $ 9,514 Weighted Average remaining Lease Term (in years) 2.72 3.05 Weighted Average Discount Rate 4.82 % 4.81 % Finance Leases: December 31, June 30, 2022 2022 Buildings under finance leases $ 2,033 $ 2,033 Equipment under finance leases 30 11 Accumulated depreciation (793 ) (634 ) Total finance lease assets, net $ 1,270 $ 1,410 Accrued expenses (Current liabilities) $ 281 $ 275 Long-term finance lease liability 1,105 1,246 Total finance lease liabilities $ 1,386 $ 1,521 Weighted Average remaining Lease Term (in years) 4.30 4.80 Weighted Average Discount Rate 4.86 % 4.86 % Maturities of Lease Liability: Operating Lease Liabilities Finance Lease Liabilities Operating Subleases Net Lease Commitments 2023 $ 2,134 $ 207 $ (189 ) $ 2,152 2024 3,399 337 (377 ) 3,359 2025 2,253 362 (31 ) 2,584 2026 952 362 - 1,314 2027 323 303 - 626 Thereafter 4 - - 4 Total lease payments $ 9,065 $ 1,571 $ (597 ) $ 10,039 Less: Interest (761 ) (185 ) (946 ) Present Value of Lease Liabilities $ 8,304 $ 1,386 $ 9,093

Note 14 - Income Taxes

Note 14 - Income Taxes	6 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 14 INCOME TAXES The Company's effective income tax rate is based on expected income, statutory rates and tax planning opportunities available in the various jurisdictions in which it operates. For interim financial reporting, the Company estimates the annual income tax rate based on projected taxable income for the full year and records a quarterly income tax provision or benefit in accordance with the anticipated annual rate. The Company refines the estimates of the year's taxable income as new information becomes available, including actual year-to-date financial results. This continual estimation process often results in a change to the expected effective income tax rate for the year. When this occurs, the Company adjusts the income tax provision during the quarter in which the change in estimate occurs so that the year-to-date provision reflects the expected income tax rate. Significant judgment is required in determining the effective tax rate and in evaluating tax positions. Three Months Ended Six Months Ended December 31 December 31 2022 2021 2022 2021 Reconciliation of effective tax rate: Provision for income taxes at the anticipated annual tax rate 21.5 % 23.8 % 24.0 % 24.0 % Uncertain tax positions (1.2 ) (3.9 ) - (1.5 ) Tax rate changes (1.9 ) - - - Share-based compensation (0.3 ) 0.1 0.8 (0.3 ) Effective tax rate 18.1 % 20.0 % 24.8 % 22.2 %

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Consolidation:
Revenue [Policy Text Block]	Revenue Recognition: ● Customer specific branded print graphics ● Electrical components based on customer specifications ● Digital signage and related media content Disaggregation of Revenue Three Months Ended (In thousands) December 31, 2022 December 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 58,591 $ 47,027 $ 50,141 $ 35,437 Products and services transferred over time 8,242 14,944 7,135 18,430 $ 66,833 $ 61,971 $ 57,276 $ 53,867 Six Months Ended (In thousands) December 31, 2022 December 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 116,668 $ 94,516 $ 94,723 $ 72,868 Products and services transferred over time 17,698 26,991 13,813 36,136 $ 134,366 $ 121,507 $ 108,536 $ 109,004 Three Months Ended (In thousands) December 31, 2022 December 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 54,410 $ 5,801 $ 47,626 $ 12,551 Poles, printed graphics, display fixtures 11,632 41,683 9,079 31,127 Project management, installation services, shipping and handling 791 14,487 571 10,189 $ 66,833 $ 61,971 $ 57,276 $ 53,867 Six Months Ended (In thousands) December 31, 2022 December 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 109,945 $ 12,976 $ 89,505 $ 24,979 Poles, printed graphics, display fixtures 22,761 83,154 18,045 64,429 Project management, installation services, shipping and handling 1,660 25,377 986 19,596 $ 134,366 $ 121,507 $ 108,536 $ 109,004 Practical Expedients and Exemptions ● The Company’s contracts with customers have an expected duration of one year or less, as such, the Company applies the practical expedient to expense sales commissions as incurred and has omitted disclosures on the amount of remaining performance obligations. ● Shipping costs that are not material in context of the delivery of products are expensed as incurred. ● 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 to 90 days of completion of the performance obligation and invoicing; therefore, payments do not contain significant financing components. ● The Company collects sales tax and other taxes concurrent with revenue-producing activities which are excluded from revenue. Shipping and handling costs are treated as fulfillment activities and included in cost of products and services sold on the Consolidated Statements of Operations.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements:

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended (In thousands) December 31, 2022 December 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 58,591 $ 47,027 $ 50,141 $ 35,437 Products and services transferred over time 8,242 14,944 7,135 18,430 $ 66,833 $ 61,971 $ 57,276 $ 53,867 Six Months Ended (In thousands) December 31, 2022 December 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 116,668 $ 94,516 $ 94,723 $ 72,868 Products and services transferred over time 17,698 26,991 13,813 36,136 $ 134,366 $ 121,507 $ 108,536 $ 109,004 Three Months Ended (In thousands) December 31, 2022 December 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 54,410 $ 5,801 $ 47,626 $ 12,551 Poles, printed graphics, display fixtures 11,632 41,683 9,079 31,127 Project management, installation services, shipping and handling 791 14,487 571 10,189 $ 66,833 $ 61,971 $ 57,276 $ 53,867 Six Months Ended (In thousands) December 31, 2022 December 31, 2021 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 109,945 $ 12,976 $ 89,505 $ 24,979 Poles, printed graphics, display fixtures 22,761 83,154 18,045 64,429 Project management, installation services, shipping and handling 1,660 25,377 986 19,596 $ 134,366 $ 121,507 $ 108,536 $ 109,004

Note 3 - Segment Reporting In_2

Note 3 - Segment Reporting Information (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Six Months Ended (In thousands) December 31 December 31 2022 2021 2022 2021 Net Sales: Lighting Segment $ 66,833 $ 57,276 $ 134,366 $ 108,536 Display Solutions Segment 61,971 53,867 121,507 109,004 $ 128,804 $ 111,143 $ 255,873 $ 217,540 Operating Income (Loss): Lighting Segment $ 6,754 $ 4,623 $ 15,912 $ 8,962 Display Solutions Segment 7,762 3,837 14,258 7,586 Corporate and Eliminations (5,478 ) (4,038 ) (11,111 ) (7,682 ) $ 9,038 $ 4,422 $ 19,059 $ 8,866 Capital Expenditures: Lighting Segment $ 74 $ 172 $ 323 $ 352 Display Solutions Segment 539 254 700 475 Corporate and Eliminations (52 ) 22 (28 ) (82 ) $ 561 $ 448 $ 995 $ 745 Depreciation and Amortization: Lighting Segment $ 1,382 $ 1,450 $ 2,769 $ 2,911 Display Solutions Segment 975 1,016 1,949 2,047 Corporate and Eliminations 62 72 122 143 $ 2,419 $ 2,538 $ 4,840 $ 5,101
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, 2022 June 30, 2022 Identifiable Assets: Lighting Segment $ 143,741 $ 152,431 Display Solutions Segment 145,722 152,302 Corporate and Eliminations 6,820 6,347 $ 296,283 $ 311,080
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Inter-segment sales Three Months Ended Six Months Ended (In thousands) December 31 December 31 2022 2021 2022 2021 Lighting Segment inter-segment net sales $ 5,067 $ 11,266 $ 11,210 $ 21,723 Display Solutions Segment inter-segment net sales $ 30 $ 72 $ 36 $ 235

Note 4 - Earnings Per Common _2

Note 4 - Earnings Per Common Share (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 2022 2021 2022 2021 BASIC EARNINGS PER SHARE Net income $ 6,417 $ 3,105 $ 12,678 $ 6,238 Weighted average shares outstanding during the period, net of treasury shares 27,005 26,625 26,890 26,589 Weighted average vested restricted stock units outstanding 117 30 81 24 Weighted average shares outstanding in the Deferred Compensation Plan during the period 956 637 903 531 Weighted average shares outstanding 28,078 27,292 27,874 27,144 Basic income per share $ 0.23 $ 0.11 $ 0.45 $ 0.23 DILUTED EARNINGS PER SHARE Net income $ 6,417 $ 3,105 $ 12,678 $ 6,238 Weighted average shares outstanding: Basic 28,078 27,292 27,874 27,144 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 1,126 775 892 751 Weighted average shares outstanding 29,204 28,067 28,766 27,895 Diluted income per share $ 0.22 $ 0.11 $ 0.44 $ 0.22 Anti-dilutive securities (b) 85 981 452 984

Note 5 - Inventories, Net (Tabl

Note 5 - Inventories, Net (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, June 30, (In thousands) 2022 2022 Inventories: Raw materials $ 51,532 $ 51,637 Work-in-progress 6,844 3,029 Finished goods 14,829 19,755 Total Inventories $ 73,205 $ 74,421

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	December 31, June 30, (In thousands) 2022 2022 Accrued Expenses: Customer prepayments $ 3,940 $ 6,416 Compensation and benefits 9,865 9,611 Accrued warranty 4,516 4,491 Operating lease liabilities 1,347 1,274 Accrued sales commissions 3,528 4,783 Accrued Freight 3,348 3,680 Accrued FICA 396 1,122 Finance lease liabilities 281 275 Accrued income tax - 109 Other accrued expenses 6,049 4,503 Total Accrued Expenses $ 33,270 $ 36,264

Note 7 - Goodwill and Other I_2

Note 7 - Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Goodwill [Table Text Block]	Goodwill (In thousands) Display Lighting Solutions Segment Segment Total Balance as of December 31, 2022 Goodwill $ 70,971 $ 63,347 $ 134,318 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of December 31, 2022 $ 9,208 $ 35,822 $ 45,030 Balance as of June 30, 2022 Goodwill $ 70,971 $ 63,347 $ 134,318 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]	Other Intangible Assets December 31, 2022 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 16,108 $ 45,975 Patents 268 268 - LED technology firmware, software 20,966 15,191 5,775 Trade name 2,658 1,102 1,556 Non-compete 260 84 176 Total Amortized Intangible Assets 86,235 32,753 53,482 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 $ 32,753 $ 65,584 Other Intangible Assets June 30, 2022 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 14,400 $ 47,683 Patents 268 268 - LED technology firmware, 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
Finite-Lived Intangible Assets Amortization Expense [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2022 2021 2022 2021 Amortization Expense of Other Intangible Assets $ 1,190 $ 1,198 $ 2,380 $ 2,413
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 - Debt (Tables)

Note 8 - Debt (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Debt [Table Text Block]	December 31, June 30, (In thousands) 2022 2022 Secured line of credit $ 42,310 $ 57,275 Term loan, net of debt issuance costs of $26 and $30, respectively 20,511 22,321 Total debt 62,821 79,596 Less: amounts due within one year 3,571 3,571 Total amounts due after one tear, net $ 59,250 $ 76,025

Note 11 - Supplemental Cash F_2

Note 11 - Supplemental Cash Flow Information (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Six Months Ended (In thousands) December 31 2022 2021 Cash Payments: Interest $ 1,689 $ 627 Income taxes $ 4,299 $ 2,820 Non-cash investing and financing activities Issuance of common shares as compensation $ 173 $ 150 Issuance of common shares to fund deferred compensation plan $ 1,087 $ 2,569

Note 13 - Leases (Tables)

Note 13 - Leases (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2022 2021 2022 2021 Operating lease cost $ 885 $ 870 $ 1,776 $ 1,749 Financing lease cost: Amortization of right of use assets 74 74 148 148 Interest on lease liabilities 17 20 35 41 Variable lease cost 22 22 44 44 Sublease income (116 ) (94 ) (232 ) (188 ) Total lease cost $ 882 $ 892 $ 1,771 $ 1,794 Three Months Ended December 31, (In thousands) 2022 2021 Cash flows from operating leases Fixed payments - operating cash flows $ 1,832 $ 1,778 Liability reduction - operating cash flows $ 1,618 $ 1,502 Cash flows from finance leases Interest - operating cash flows $ 35 $ 42 Repayments of principal portion - financing cash flows $ 123 $ 129 Operating Leases: December 31, June 30, 2022 2022 Total operating right-of-use assets $ 7,548 $ 8,664 Accrued expenses (Current liabilities) $ 1,347 $ 1,274 Long-term operating lease liability 6,957 8,240 Total operating lease liabilities $ 8,304 $ 9,514 Weighted Average remaining Lease Term (in years) 2.72 3.05 Weighted Average Discount Rate 4.82 % 4.81 % Finance Leases: December 31, June 30, 2022 2022 Buildings under finance leases $ 2,033 $ 2,033 Equipment under finance leases 30 11 Accumulated depreciation (793 ) (634 ) Total finance lease assets, net $ 1,270 $ 1,410 Accrued expenses (Current liabilities) $ 281 $ 275 Long-term finance lease liability 1,105 1,246 Total finance lease liabilities $ 1,386 $ 1,521 Weighted Average remaining Lease Term (in years) 4.30 4.80 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 $ 2,134 $ 207 $ (189 ) $ 2,152 2024 3,399 337 (377 ) 3,359 2025 2,253 362 (31 ) 2,584 2026 952 362 - 1,314 2027 323 303 - 626 Thereafter 4 - - 4 Total lease payments $ 9,065 $ 1,571 $ (597 ) $ 10,039 Less: Interest (761 ) (185 ) (946 ) Present Value of Lease Liabilities $ 8,304 $ 1,386 $ 9,093

Note 14 - Income Taxes (Tables)

Note 14 - Income Taxes (Tables)	6 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 2022 2021 2022 2021 Reconciliation of effective tax rate: Provision for income taxes at the anticipated annual tax rate 21.5 % 23.8 % 24.0 % 24.0 % Uncertain tax positions (1.2 ) (3.9 ) - (1.5 ) Tax rate changes (1.9 ) - - - Share-based compensation (0.3 ) 0.1 0.8 (0.3 ) Effective tax rate 18.1 % 20.0 % 24.8 % 22.2 %

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Revenue	$ 128,804	$ 111,143	$ 255,873	$ 217,540
Lighting Segment [Member]
Revenue	66,833	57,276	134,366	108,536
Lighting Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Revenue	54,410	47,626	109,945	89,505
Lighting Segment [Member] | Legacy Products [Member]
Revenue	11,632	9,079	22,761	18,045
Lighting Segment [Member] | Turnkey Services and Other [Member]
Revenue	791	571	1,660	986
Lighting Segment [Member] | Transferred at Point in Time [Member]
Revenue	58,591	50,141	116,668	94,723
Lighting Segment [Member] | Transferred over Time [Member]
Revenue	8,242	7,135	17,698	13,813
Display Solutions Segment [Member]
Revenue	61,971	53,867	121,507	109,004
Display Solutions Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Revenue	5,801	12,551	12,976	24,979
Display Solutions Segment [Member] | Legacy Products [Member]
Revenue	41,683	31,127	83,154	64,429
Display Solutions Segment [Member] | Turnkey Services and Other [Member]
Revenue	14,487	10,189	25,377	19,596
Display Solutions Segment [Member] | Transferred at Point in Time [Member]
Revenue	47,027	35,437	94,516	72,868
Display Solutions Segment [Member] | Transferred over Time [Member]
Revenue	$ 14,944	$ 18,430	$ 26,991	$ 36,136

Note 3 - Segment Reporting In_3

Note 3 - Segment Reporting Information (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2022 USD ($)
Number of Operating Segments			2
Revenue from Contract with Customer, Including Assessed Tax	$ 128,804	$ 111,143	$ 255,873	$ 217,540
Intersegment Revenue Markup Percentage			10%
Display Solutions Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 61,971	$ 53,867	$ 121,507	$ 109,004
Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Number of Major Customers	0		0
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Display Solutions Segment [Member] | One Customer [Member]
Number of Major Customers				1
Concentration Risk, Percentage				10.90%
Revenue Benchmark [Member] | Revenue from Rights Concentration Risk [Member] | Display Solutions Segment [Member] | One Customer [Member]
Revenue from Contract with Customer, Including Assessed Tax				$ 23,700
Revenue, Segment Benchmark [Member] | Customer Concentration Risk [Member] | Display Solutions Segment [Member] | One Customer [Member]
Number of Major Customers		1
Revenue from Contract with Customer, Including Assessed Tax		$ 11,400
Concentration Risk, Percentage		10.30%
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Number of Major Customers	0		0
Accounts Receivable [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					$ 8,500
Concentration Risk, Percentage					10.90%

Note 3 - Segment Reporting In_4

Note 3 - Segment Reporting Information - Summarized Financial Information by Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Net Sales	$ 128,804	$ 111,143	$ 255,873	$ 217,540
Operating income (loss)	9,038	4,422	19,059	8,866
Capital expenditures	561	448	995	745
Depreciation and amortization	2,419	2,538	4,840	5,101
Corporate and Eliminations [Member]
Operating income (loss)	(5,478)	(4,038)	(11,111)	(7,682)
Capital expenditures	(52)	22	(28)	(82)
Depreciation and amortization	62	72	122	143
Lighting Segment [Member]
Net Sales	66,833	57,276	134,366	108,536
Lighting Segment [Member] | Operating Segments [Member]
Operating income (loss)	6,754	4,623	15,912	8,962
Capital expenditures	74	172	323	352
Depreciation and amortization	1,382	1,450	2,769	2,911
Display Solutions Segment [Member]
Net Sales	61,971	53,867	121,507	109,004
Display Solutions Segment [Member] | Operating Segments [Member]
Operating income (loss)	7,762	3,837	14,258	7,586
Capital expenditures	539	254	700	475
Depreciation and amortization	$ 975	$ 1,016	$ 1,949	$ 2,047

Note 3 - Segment Reporting In_5

Note 3 - Segment Reporting Information - Identifiable Assets by Segment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Identifiable assets	$ 296,283	$ 311,080
Corporate and Eliminations [Member]
Identifiable assets	6,820	6,347
Lighting Segment [Member] | Operating Segments [Member]
Identifiable assets	143,741	152,431
Display Solutions Segment [Member] | Operating Segments [Member]
Identifiable assets	$ 145,722	$ 152,302

Note 3 - Segment Reporting In_6

Note 3 - Segment Reporting Information - Intersegment Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer, Including Assessed Tax	$ 128,804	$ 111,143	$ 255,873	$ 217,540
Lighting Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	66,833	57,276	134,366	108,536
Display Solutions Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	61,971	53,867	121,507	109,004
Intersegment Eliminations [Member] | Lighting Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	5,067	11,266	11,210	21,723
Intersegment Eliminations [Member] | Display Solutions Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 30	$ 72	$ 36	$ 235

Note 4 - Earnings per Common _3

Note 4 - Earnings per Common Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Net Income	$ 6,417	$ 3,105	$ 12,678	$ 6,238
Weighted average shares outstanding during the period, net of treasury shares (in shares)	27,005	26,625	26,890	26,589
Weighted average vested restricted stock units outstanding (in shares)	956	637	903	531
Weighted average shares outstanding (in shares)	28,078	27,292	27,874	27,144
Basic income per share (in dollars per share)	$ 0.23	$ 0.11	$ 0.45	$ 0.23
Basic (in shares)	28,078	27,292	27,874	27,144
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any (in shares)	1,126	775	892	751
Weighted average shares outstanding (in shares)	29,204	28,067	28,766	27,895
Diluted income per share (in dollars per share)	$ 0.22	$ 0.11	$ 0.44	$ 0.22
Anti-dilutive securities (b) (in shares)	85	981	452	984
Restricted Stock Units (RSUs) [Member]
Weighted average vested restricted stock units outstanding (in shares)	117	30	81	24

Note 5 - Inventories, Net - Inv

Note 5 - Inventories, Net - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Raw materials	$ 51,532	$ 51,637
Work-in-progress	6,844	3,029
Finished goods	14,829	19,755
Total Inventories	$ 73,205	$ 74,421

Note 6 - Accrued Expenses - Acc

Note 6 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Customer prepayments	$ 3,940	$ 6,416
Compensation and benefits	9,865	9,611
Accrued warranty	4,516	4,491
Accrued sales commissions	3,528	4,783
Accrued Freight	3,348	3,680
Accrued FICA	396	1,122
Finance lease liabilities	281	275
Accrued income tax	0	109
Other accrued expenses	6,049	4,503
Total Accrued Expenses	33,270	36,264
Accrued Expenses [Member]
Operating lease liabilities	$ 1,347	$ 1,274

Note 7 - Goodwill and Other I_3

Note 7 - Goodwill and Other Intangible Assets (Details Textual)	6 Months Ended
	Dec. 31, 2022
Number of Reporting Units	3
Lighting Segment [Member]
Number of Reporting Units	1
Display Solutions Segment [Member]
Number of Reporting Units	2

Note 7 - Goodwill and Other I_4

Note 7 - Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Goodwill	$ 134,318	$ 134,318
Accumulated impairment losses	(89,288)	(89,288)
Goodwill, net as of December 31, 2022	45,030	45,030
Lighting Segment [Member]
Goodwill	70,971	70,971
Accumulated impairment losses	(61,763)	(61,763)
Goodwill, net as of December 31, 2022	9,208	9,208
Display Solutions Segment [Member]
Goodwill	63,347	63,347
Accumulated impairment losses	(27,525)	(27,525)
Goodwill, net as of December 31, 2022	$ 35,822	$ 35,822

Note 7 - Goodwill and Other I_5

Note 7 - Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($)	Dec. 31, 2022	Jun. 30, 2022	Jun. 30, 2021
Amortized intangible assets, gross	$ 86,235,000	$ 86,235,000
Accumulated amortization	32,753,000	30,373,000	$ 30,373,000
Amortized intangible assets, net	53,482,000	55,862,000
Indefinite-lived intangible assets, gross	12,102,000	12,102,000
Total other intangible assets, gross	98,337,000	98,337
Other intangible assets, net	65,584,000	67,964,000	$ 67,964,000
Trademarks and Trade Names [Member]
Indefinite-lived intangible assets, gross	12,102,000	12,102,000
Customer Relationships [Member]
Amortized intangible assets, gross	62,083,000	62,083,000
Accumulated amortization	16,108,000	14,400,000
Amortized intangible assets, net	45,975,000	47,683,000
Patents [Member]
Amortized intangible assets, gross	268,000	268,000
Accumulated amortization	268,000	268,000
Amortized intangible assets, net	0	0
LED Technology Firmware Software [Member]
Amortized intangible assets, gross		20,966,000
Accumulated amortization		14,598,000
Amortized intangible assets, net		6,368,000
Trade Names [Member]
Amortized intangible assets, gross	2,658,000	2,658,000
Accumulated amortization	1,102,000	1,049,000
Amortized intangible assets, net	1,556,000	1,609,000
Noncompete Agreements [Member]
Amortized intangible assets, gross	260,000	260,000
Accumulated amortization	84,000	58,000
Amortized intangible assets, net	176,000	$ 202,000
Technology-Based Intangible Assets [Member]
Amortized intangible assets, gross	20,966,000
Accumulated amortization	15,191,000
Amortized intangible assets, net	$ 5,775,000

Note 7 - Goodwill and Other I_6

Note 7 - Goodwill and Other Intangible Assets - Amortization Expense of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Amortization Expense of Other Intangible Assets	$ 1,190	$ 1,198	$ 2,380	$ 2,413

Note 7 - Goodwill and Other I_7

Note 7 - Goodwill and Other Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2022 USD ($)
2023	$ 4,808
2024	4,760
2025	4,760
2026	4,760
2027	4,754
After 2027	$ 32,020

Note 8 - Debt (Details Textual)

Note 8 - Debt (Details Textual) - USD ($) $ in Millions	1 Months Ended	2 Months Ended	6 Months Ended
	Sep. 30, 2021	Mar. 03, 2023	Jun. 30, 2022	Dec. 31, 2022
Line of Credit Facility, Maximum Borrowing Capacity	$ 100
Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.15%
Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.50%
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	1%
London Interbank Offered Rate (LIBOR) [Member] | Forecast [Member]
Debt Instrument, Basis Spread on Variable Rate		1.25%
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1%
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%
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 75			$ 75
Debt Instrument, Interest Rate, Effective Percentage				6.10%
Line of Credit Facility, Remaining Borrowing Capacity				$ 32.7
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate			0.25%
Term Loan [Member]
Debt Instrument, Face Amount	25
Debt Instrument, Annual Principal Payment	$ 3.6
Debt Instrument, Term	5 years

Note 8 - Debt - Debt (Details)

Note 8 - Debt - Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021
Secured line of credit			$ 42,310	$ 57,275
Term loan, net of debt issuance costs of $30 and $0, respectively			62,821	79,596
Less: amounts due within one year	$ 3,571	$ 3,571	3,571	3,571
Total amounts due after one year, net	$ 59,250	$ 76,025	59,250	76,025
Term Loan [Member]
Term loan, net of debt issuance costs of $30 and $0, respectively			$ 20,511	$ 22,321

Note 8 - Debt - Debt (Details)

Note 8 - Debt - Debt (Details) (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Debt Issuance Costs, Net, Total	$ 26
Term Loan [Member]
Debt Issuance Costs, Net, Total		$ 30

Note 9 - Cash Dividends (Detail

Note 9 - Cash Dividends (Details Textual) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	6 Months Ended
	Jan. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Payments of Dividends, Total		$ 2.7	$ 2.7
Annual Indicated per Share Dividend Rate		$ 0.20
Subsequent Event [Member]
Quarterly Indicated Per Share Dividend Rate	$ 0.05
Dividends Payable, Date to be Paid	May 17, 2022
Dividends Payable, Date of Record	May 09, 2022

Note 10 - Equity Compensation (

Note 10 - Equity Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended			6 Months Ended
	Nov. 30, 2022	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payment Arrangement, Expense		$ 0.8		$ 1.1	$ 1.4	$ 1.7
The 2019 Omnibus Award Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Additional Shares Authorized (in shares)	2,350,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant		2,637,095			2,637,095
The 2019 Omnibus Award Plan [Member] | Performance Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period			164,348
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 6.90
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			197,915

Note 11 - Supplemental Cash F_3

Note 11 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Interest	$ 1,689	$ 627
Income taxes	4,299	2,820
Issuance of common shares as compensation	173	150
Issuance of common shares to fund deferred compensation plan	$ 1,087	$ 2,569

Note 13 - Leases (Details Textu

Note 13 - Leases (Details Textual)	6 Months Ended
	Dec. 31, 2022
Minimum [Member]
Lessee, Leases, Remaining Term	1 year
Maximum [Member]
Lessee, Leases, Remaining Term	7 years

Note 13 - Leases - Operating Le

Note 13 - Leases - Operating Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Operating lease cost	$ 885	$ 870	$ 1,776	$ 1,749
Fixed payments - operating cash flows			1,832	1,778
Total operating right-of-use assets	7,548		7,548		$ 8,664
Finance leases, right of use assets	2,033		2,033		2,033
Liability reduction - operating cash flows			1,618	1,502
Interest - operating cash flows			35	42
Long-term operating lease liability	6,957		6,957		8,240
Accumulated depreciation	(793)		(793)		(634)
Amortization of right of use assets	74	74	148	148
Repayments of principal portion - financing cash flows			123	129
Total operating lease liabilities	8,304		8,304		9,514
Total finance lease assets, net	$ 1,270		$ 1,270		$ 1,410
Weighted Average remaining Lease Term (in years) (Year)	2 years 8 months 19 days		2 years 8 months 19 days		3 years 18 days
Accrued expenses (Current liabilities)	$ 281		$ 281		$ 275
Interest on lease liabilities	$ 17	20	$ 35	41
Weighted Average Discount Rate	4.82%		4.82%		4.81%
Long-term finance lease liability	$ 1,105		$ 1,105		$ 1,246
Total finance lease liabilities	1,386		1,386		$ 1,521
Variable lease cost	$ 22	22	$ 44	44
Weighted Average remaining Lease Term (in years) (Year)	4 years 3 months 18 days		4 years 3 months 18 days		4 years 9 months 18 days
Weighted Average Discount Rate	4.86%		4.86%		4.86%
Sublease income	$ (116)	(94)	$ (232)	(188)
Total lease cost	882	$ 892	1,771	$ 1,794
Accrued Expenses [Member]
Operating lease liabilities	1,347		1,347		$ 1,274
Buildings Under Finance Leases [Member]
Finance leases, right of use assets	2,033		2,033		2,033
Equipment Under Finance Leases [Member]
Finance leases, right of use assets	$ 30		$ 30		$ 11

Note 13 - Leases - Maturities o

Note 13 - Leases - Maturities of Lease Liability (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
2023 operating lease liabilities	$ 2,134
2023, finance lease liabilities	207
2023, operating subleases	(189)
2023	2,152
2024, operating lease liabilities	3,399
2024, finance lease liabilities	337
2024, operating subleases	(377)
2024, net lease commitments	3,359
2025, operating lease liabilities	2,253
2025, finance lease liabilities	362
2025, operating subleases	(31)
2025, net lease commitments	2,584
2026, operating lease liabilities	952
2026, finance lease liabilities	362
2026, operating subleases	0
2026, net lease commitments	1,314
2027, operating lease liabilities	323
2027, finance lease liabilities	303
2027, operating subleases	0
2027, net lease commitments	626
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	9,065
Total lease payments, finance lease liabilities	1,571
Total lease payments, operating subleases	(597)
Total lease payments, net lease commitments	10,039
Less: Interest, operating lease liabilities	(761)
Less: Interest, finance lease liabilities	(185)
Less: Interest, net lease commitments	(946)
Present Value of Lease Liabilities, operating lease liabilities	8,304	$ 9,514
Present Value of Lease Liabilities, finance lease liabilities	1,386	$ 1,521
Present Value of Lease Liabilities, net lease commitments	$ 9,093

Note 14 - Income Taxes - Reconc

Note 14 - Income Taxes - Reconciliation of Income Tax Rate (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Provision for income taxes at the anticipated annual tax rate	21.50%	23.80%	24%	24%
Uncertain tax positions	(1.20%)	(3.90%)	0%	(1.50%)
Tax rate changes	(1.90%)	0%	0%	0%
Share-based compensation	0.30%	(0.10%)	(0.80%)	0.30%
Effective tax rate	18.10%	20%	24.80%	22.20%