LSI Industries (LYTS) 10-K 8 Sep 23 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2023	Aug. 31, 2023	Dec. 31, 2022
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	0-13375
Entity Registrant Name	LSI INDUSTRIES INC.
Entity Incorporation, State or Country Code	OH
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
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	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 310,976,226
Entity Common Stock, Shares Outstanding (in shares)		28,550,376
Auditor Firm ID	248
Auditor Name	GRANT THORNTON LLP
Auditor Location	Chicago, Illinois
Entity Central Index Key	0000763532
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Net Sales	$ 496,979	$ 455,120
Cost of products and services sold	360,003	345,912
Severance costs	31	0
Gross profit	136,945	109,208
Selling and administrative expenses	99,882	87,995
Severance costs	35	12
Operating income	37,028	21,201
Interest expense	3,687	1,968
Other expense	(15)	(148)
Income before income taxes	33,326	19,085
Income tax expense	7,564	4,053
Net income	$ 25,762	$ 15,032
Basic (in dollars per share)	$ 0.92	$ 0.55
Diluted (in dollars per share)	$ 0.88	$ 0.54	[1]
Weighted average common shares outstanding
Basic (in shares)	28,127	27,286
Diluted (in shares)	29,316	27,993
[1]The total of the earnings per share for each of the four quarters does not equal the total earnings per share for the full year because the calculations are based on the average shares outstanding during each of the individual periods. There is no difference between basic and diluted shares due to losses.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Net Income	$ 25,762	$ 15,032
Foreign currency translation adjustment	294	(4)
Comprehensive Income	$ 26,056	$ 15,028

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Current assets
Cash and cash equivalents	$ 1,828	$ 2,462
Accounts receivable, less allowance for credit losses of $435 and $499, respectively	77,681	77,750
Inventories	63,718	74,421
Refundable income tax	3,120	1,041
Other current assets	3,529	3,243
Total current assets	149,876	158,917
Property, Plant and Equipment, at cost
Land	4,010	4,010
Buildings	24,561	24,495
Machinery and equipment	67,457	66,762
Buildings under finance leases	2,033	2,033
Construction in progress	1,231	618
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization	99,292	97,918
Less accumulated depreciation	(73,861)	(70,760)
Net property, plant and equipment	25,431	27,158
Goodwill	45,030	45,030
Other Intangible Assets, net	63,203	67,964
Operating Lease Right-Of-Use Assets	8,921	8,664
Other Long-Term Assets, net	3,688	3,347
Total assets	296,149	311,080
LIABILITIES & SHAREHOLDERS' EQUITY
Current maturities of long-term debt	3,571	3,571
Accounts payable	29,206	34,783
Accrued expenses	43,785	38,728
Total current liabilities	76,562	77,082
Long-Term Debt	31,629	76,025
Finance Lease Liabilities	960	1,246
Operating Lease Liabilities	5,954	5,776
Other Long-Term Liabilities	3,466	3,182
Commitments and Contingencies
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 28,448,570 and 27,484,514 shares, respectively	148,691	139,500
Treasury shares, without par value	(7,166)	(5,927)
Deferred compensation plan	7,166	5,927
Retained Earnings	28,548	8,224
Accumulated other comprehensive income	339	45
Total shareholders' equity	177,578	147,769
Total liabilities & shareholders' equity	$ 296,149	$ 311,080

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Accounts Receivable, Allowance for Credit Loss, Current	$ 435	$ 499
Preferred Stock, No Par Value (in dollars per share)	$ 0	$ 0
Preferred Stock, Shares Authorized (in shares)	1,000,000	1,000,000
Preferred Stock, Shares Issued (in shares)	0	0
Common Stock, No Par Value (in dollars per share)	$ 0	$ 0
Common Stock, Shares Authorized (in shares)	50,000,000	50,000,000
Common Stock, Shares, Outstanding (in shares)	28,448,570	27,484,514

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Common Stock Including Additional Paid in Capital [Member]	Treasury Stock, Common [Member]	Key Executive Deferred Compensation [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares)	26,863		(346)
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		0	$ 0	0	(4)	0
Board stock compensation (in shares)	42		0
Board stock compensation		300	$ 0	0	0	0	300
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)	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
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
Balance (in shares)	27,484		(822)
Net Income		0	$ 0	0	0		25,762
Other comprehensive income		0	$ 0	0	294
Board stock compensation (in shares)	44		0
Board stock compensation		368	$ 0	0	0	0	368
Restricted stock units issued, net of shares withheld for tax withholdings (in shares)	301		0
Restricted stock units issued, net of shares withheld for tax withholdings		(896)	$ 0	0	0	0	(896)
Shares issued for deferred compensation		2,017	$ 0	0	0	0	2,017
Activity of treasury shares, net (in shares)	0		(100)
Activity of treasury shares, net			$ (1,239)	0	0	0	(1,239)
Deferred stock compensation		0	0	1,239	0	0	1,239
Stock-based compensation expense		3,698	$ 0	0	0	0	$ 3,698
Stock options exercised, net (in shares)	438		0				520,566
Stock options exercised, net		3,862	$ 0	0	0	0	$ 3,862
Dividends — $0.20 per share			$ 0	0	0	(5,438)	(5,438)
ESPP stock awards (in shares)	14		0
ESPP stock awards		142	$ 0	0	0	0	142
Balance (in shares) at Jun. 30, 2023	28,488		(922)
Balance at Jun. 30, 2023		$ 148,691	$ (7,166)	$ 7,166	$ 339	$ 28,548	$ 177,578
Balance (in shares)	28,488		(922)

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Common Stock, Dividends, Per Share, Cash Paid (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, 2023	Jun. 30, 2022
Cash Flows from Operating Activities
Net Income	$ 25,762	$ 15,032
Non-cash items included in net income
Depreciation and amortization	9,664	10,118
Deferred income taxes	(418)	(342)
Deferred compensation plan	2,017	3,610
Stock compensation expense	3,698	3,288
ESPP discount	142	0
Issuance of common shares as compensation	368	300
Loss on disposition of fixed assets	59	65
Allowance for doubtful accounts	(19)	246
Inventory obsolescence reserve	2,496	2,111
Changes in certain assets and liabilities:
Accounts receivable	88	(20,311)
Inventories	8,207	(17,586)
Refundable income taxes	(2,079)	235
Accounts payable	(5,577)	1,784
Accrued expenses and other	5,180	(2,413)
Net cash flows provided by (used in) operating activities	49,588	(3,863)
Cash Flows from Investing Activities
Acquisition of JSI	0	500
Purchases of property, plant, and equipment	(3,208)	(2,122)
Proceeds from the sale of fixed assets	5	49
Net cash flows (used in) investing activities	(3,203)	(1,573)
Cash Flows from Financing Activities
Payments on long-term debt	(198,306)	(161,627)
Borrowings on long-term debt	153,910	173,074
Cash dividends paid	(5,438)	(5,322)
Shares withheld on employees' taxes	(896)	(250)
Payments on financing lease obligations	(281)	(268)
Proceeds from stock option exercises	3,862	26
Net cash flows (used in) provided by financing activities	(47,149)	5,633
Change related to Foreign Currency	130	(17)
(Decrease) increase in cash and cash equivalents	(634)	180
Cash and cash equivalents at beginning of period	2,462	2,282
Cash and cash equivalents at end of period	$ 1,828	$ 2,462

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2023
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 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: Twelve Months Ended (In thousands) June 30, 2023 Lighting Display Timing of revenue recognition Products and services transferred at a point in time $ 234,736 $ 177,564 Products and services transferred over time 37,715 46,964 $ 272,451 $ 224,528 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 224,529 $ 25,011 Poles and other display solutions elements 44,473 156,057 Project management, installation services, shipping and handling 3,449 43,460 $ 272,451 $ 224,528 Twelve Months Ended (In thousands) June 30, 2022 Lighting Display 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 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. 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 be required to record additional allowances or charges against income. The Company determines its allowance for credit losses by first considering all known collectability problems of customers’ accounts, and then applying certain percentages against the various aging categories based on the due date of the remaining receivables. The resulting allowance for credit losses is an estimate based upon the Company’s knowledge of its business and customer base, the current economic climate, and historical trends. Receivables deemed uncollectable are written-off against the allowance for credit losses after all reasonable collection efforts have been exhausted. The Company also establishes allowances, at the time revenue is recognized, for returns, discounts, pricing, and other possible customer deductions. These allowances are based upon historical trends. The following table presents the Company’s net accounts receivable at the dates indicated. (In thousands) June 30, 2023 June 30, 2022 Accounts receivable $ 78,116 $ 78,249 Less: Allowance for credit losses (435 ) (499 ) Accounts receivable, net $ 77,681 $ 77,750 Cash and Cash Equivalents: The cash balance includes cash and cash equivalents which have original maturities of less than three months. Cash and cash equivalents consist primarily of bank deposits and a bank money market account that is stated at cost, which approximates fair value. The Company maintains balances at financial institutions in the United States, Canada, and Mexico. In the United States, the FDIC limit for insurance coverage on non-interest-bearing accounts is $250,000 per institution. As of June 30, 2023, and June 30, 2022, the Company had bank balances of $2.3 million and $2.7 million, respectively, without insurance coverage. 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-in, first-out basis. The Company maintains an inventory reserve for obsolete and excess inventory. The Company first determines its excess and obsolete inventory reserve by considering specific known obsolete items, and then by applying certain percentages to specific inventory categories based upon inventory turns. The Company uses various tools, in addition to inventory turns, to identify which inventory items have the potential to become obsolete. Judgment is used to establish excess and obsolete inventory reserves and management adjusts these reserves as more information becomes available about the ultimate disposition of the inventory item. 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 $4.9 million and $5.3 million of depreciation expense in the years ended June 30, 2023, and 2022 respectively. 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 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, 2023 June 30, 2022 Balance at beginning of the period $ 4,491 $ 5,295 Additions charged to expense 6,626 2,960 Deductions for repairs and replacements (4,616 ) (3,764 ) Balance at end of the period $ 6,501 $ 4,491 Employee Benefit Plans: The Company has a 401(k) retirement plan whereby employee’s contributions to the 401(k) are matched by the Company. The 401(k) match program covers substantially all of its employees. The Company also has a nonqualified deferred compensation plan covering certain employees. The costs of employee benefit plans are charged to expense and funded annually. Total costs were $2.5 million and $2.9 million in June 30, 2023, and 2022, respectively. 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 $3.4 million and $3.6 million for the fiscal years ended June 30, 2023, and 2022, respectively. 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, 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 project management and installation costs to support its service revenue along with the management of media content. Stock-Based Compensation: The Company accounts for stock-based compensation to certain employees in accordance with accounting guidance for stock-based compensation. The accounting guidance requires companies to measure the cost of employee 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 2,156,000 shares and 1,375,000 shares in fiscal 2023 and 2022, respectively. See further discussion in Note 3. 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 ($0.3) million as of June 30, 2023, and a nominal amount as of June 30, 2022. The Company recognizes foreign currency transaction (gains) and losses on certain assets and liabilities that are denominated in the Mexican Peso and Canadian Dollar. These transaction (gains) and losses are reported in other expense in the consolidated statements of operations and was a nominal amount for the fiscal year ended June30, 2023 and $0.1 million for the fiscal year ended June 30, 2022. 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. 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 items were identified during this evaluation that required adjustment to or disclosure in the accompanying consolidated financial statements.

Note 2 - Business Segment Infor

Note 2 - Business Segment Information	12 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 2 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 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 services lighting product customers through the commercial and industrial project, stock and flow, and renovation channels. In addition to the manufacture and sale of lighting fixtures, the Company offers a variety of lighting controls to complement its lighting fixtures which include sensors, photocontrols, dimmers, motion detection and Bluetooth systems. 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 no (In thousands) Twelve Months Ended June 30 2023 2022 Net Sales: Lighting Segment $ 272,451 $ 233,449 Display Solutions Segment 224,528 221,671 $ 496,979 $ 455,120 Operating Income (Loss): Lighting Segment $ 31,633 $ 20,942 Display Solutions Segment 24,920 17,589 Corporate and Eliminations (19,525 ) (17,330 ) $ 37,028 $ 21,201 Capital Expenditures: Lighting Segment $ 1,829 $ 1,017 Display Solutions Segment 1,373 1,162 Corporate and Eliminations 6 (57 ) $ 3,208 $ 2,122 Depreciation and Amortization: Lighting Segment $ 5,423 $ 5,782 Display Solutions Segment 3,977 4,073 Corporate and Eliminations 265 263 $ 9,664 $ 10,118 June 30, 2023 June 30, 2022 Identifiable Assets: Lighting Segment $ 142,941 $ 152,431 Display Solutions Segment 145,307 152,302 Corporate and Eliminations 7,901 6,347 $ 296,149 $ 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 most intersegment revenues. Any intersegment profit in inventory is eliminated in consolidation. Intersegment revenues were eliminated in consolidation as follows: Inter-segment sales Twelve Months Ended (In thousands) June 30 2023 2022 Lighting Segment inter-segment net sales $ 22,283 $ 38,310 Display Solutions Segment inter-segment net sales $ 274 $ 352

Note 3 - Earnings Per Share

Note 3 - Earnings Per Share	12 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 3 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 2023 2022 Net Income $ 25,762 $ 15,032 Weighted average shares outstanding during the period, net of treasury shares 27,159 26,618 Weighted average vested restricted stock units outstanding 73 30 Weighted average shares outstanding in the Deferred Compensation Plan during the period 895 638 Weighted average shares outstanding 28,127 27,286 Basic income per share $ 0.92 $ 0.55 DILUTED EARNINGS PER SHARE Net Income $ 25,762 $ 15,032 Weighted average shares outstanding Basic 28,127 27,286 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and Contingently issuable shares, if any 1,189 707 Weighted average shares outstanding 29,316 27,993 Diluted income per share $ 0.88 $ 0.54 Anti-dilutive securities (b) 154 1,100 (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, 2023, and June 30, 2022, because the exercise price was greater than the 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 4 - Inventories, Net

Note 4 - Inventories, Net	12 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 4 INVENTORIES, NET The following information is provided as of the dates indicated: The following information is provided as of the dates indicated: (In thousands) June 30, 2023 June 30, 2022 Inventories: Raw materials $ 47,689 $ 51,637 Work-in-progress 3,373 3,029 Finished goods 12,656 19,755 Total Inventories $ 63,718 $ 74,421

Note 5 - Accrued Expenses

Note 5 - Accrued Expenses	12 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE 5 ACCRUED EXPENSES The following information is provided as of the dates indicated: (In thousands) June 30, 2023 June 30, 2022 Accrued Expenses: Customer prepayments $ 5,425 $ 6,416 Compensation and benefits 13,116 9,611 Accrued warranty 6,501 4,491 Accrued sales commissions 5,082 4,783 Accrued freight 3,821 3,680 Accrued FICA 546 1,122 Operating lease liabilities 3,566 3,738 Accrued income tax - 109 Finance lease liabilities 284 275 Other accrued expenses 5,444 4,503 Total Accrued Expenses $ 43,785 $ 38,728

Note 6 - Goodwill and Other Int

Note 6 - Goodwill and Other Intangible Assets	12 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 6 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 two Fiscal 2023: As of March 1, 2023 , three one The Company has two indefinite-lived intangible assets. The Company performed its annual review of indefinite-lived intangible assets as of March 1, 2023, and determined there was no impairment. The impairment test of the first indefinite-lived intangible asset passed with a fair market value of $17.0 million or 399% above its carrying value. The impairment test of the second indefinite-lived intangible asset passed with a fair market value of and $10.5 million or 21% above its carrying value. Fiscal 2022: As of March 1, 2022 the Company performed its annual goodwill impairment test on the three The Company has two indefinite-lived intangible assets. The Company also performed its annual review of indefinite-lived intangible assets as of March 1, 2022,and determined there was no impairment. The impairment test of the first indefinite-lived intangible asset passed with a fair market value of $17.0 million or 396% above its carrying value. The impairment test of the second indefinite-lived intangible asset passed with a fair market value of and $10.6 million or 22% above its carrying value. The following table presents information about the Company's goodwill on the dates or for the periods indicated: (In thousands) Lighting Display Total 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 Balance as of June 30, 2023 Goodwill $ 70,971 $ 63,347 $ 134,318 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of June 30, 2023 $ 9,208 $ 35,822 $ 45,030 In fiscal 2022, the Company recorded measurement period adjustments to the original purchase price of JSI Store Fixtures which impacted the amount of goodwill originally reported. The gross carrying amount and accumulated amortization by major other intangible asset class is as follows: (In thousands) June 30, 2023 Gross Carrying Amount Accumulated Amortization Net Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 17,817 $ 44,266 Patents 268 268 - LED technology, software 20,966 15,783 5,183 Trade name 2,658 1,156 1,502 Non-compete 260 110 150 Total Amortized Intangible Assets $ 86,235 $ 35,134 $ 51,101 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 $ 35,134 $ 63,203 (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) 2023 2022 Amortization expense of other intangible assets $ 4,761 $ 4,809 The Company expects to record annual amortization expense as follows: (In thousands) 2024 $ 4,760 2025 $ 4,760 2026 $ 4,760 2027 $ 4,754 2028 $ 4,708 After 2028 $ 27,359

Note 7 - Revolving Line of Cred

Note 7 - Revolving Line of Credit and Long-term Debt	12 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 7 REVOLVING LINE OF CREDIT AND LONG-TERM DEBT The Company’s long-term debt as of June 30, 2023, and June 30, 2022, consisted of the following: June 30, June 30, (In thousands) 2023 2022 Secured line of credit $ 18,729 $ 57,275 Term loan, net of debt issuance costs of $21 and $30, respectively 16,471 22,321 Total debt 35,200 79,596 Less: amounts due within one year 3,571 3,571 Total amounts due after one year, net $ 31,629 $ 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 June 30, 2023.

Note 8 - Cash Dividends

Note 8 - Cash Dividends	12 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Equity [Text Block]	NOTE 8 CASH DIVIDENDS The Company paid cash dividends of $5.4 million in fiscal years 2023 and 2022, respectively. Dividends on restricted stock units in the amount of $0.1 million and $0.2 million were accrued as of June 30, 2023, and 2022, respectively. These dividends are paid upon the vesting of the restricted stock units when shares are issued to the award recipients. In August 2023, the Board of Directors declared a regular quarterly cash dividend of $0.05 per share payable September 5, 2023, to shareholders of record August 28, 2023.

Note 9 - Equity Compensation

Note 9 - Equity Compensation	12 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	NOTE 9 EQUITY COMPENSATION In November 2019, the Company’s shareholders approved the 2019 Omnibus Award Plan (“2019 Omnibus Plan”). The purpose of the 2019 Omnibus Plan is to provide a means through which the Company may attract and retain key personnel and to provide a means by which directors, officers, and employees can acquire and maintain an equity interest in the Company. The 2019 Omnibus Plan replaced the 2012 Stock Incentive Plan (“2012 Stock Plan”). The number of shares of common stock authorized for issuance under the 2019 Omnibus Plan is 2,650,000 which were combined with the remaining shares available under the 2012 Stock Plan. The number of shares reserved for issuance under the 2019 Omnibus Plan is 2,417,793 shares, all of which are available for future grant or award as of June 30, 2023. The 2019 Omnibus Plan allows for the grant of non-qualified stock options, stock appreciation rights, restricted stock awards, restricted stock units (RSU’s), performance stock units (PSU’s), and other stock-based awards. The Company also awards Inducement awards that are granted by the Company to attract and retain key executives. Inducement awards are separately registered securities and are not part of the 2019 Omnibus Plan. In fiscal 2023, 197,915 RSUs and 190,510 PSUs were granted. In fiscal 2022, 146,821 RSUs and 190,980 PSUs were granted. Employee Stock Purchase Plan In November of 2021, our board of directors approved the LSI Employee Stock Purchase Plan (“ESPP”). A total of 270,000 shares of common stock were provided for issuance under the ESPP. Employees may participate at their discretion and are able to purchase, through payroll deduction, common stock at a 10% discount on a quarterly basis. Employees may end their participation at any time during the offering period, and participation ends automatically upon termination of employment with the company. During fiscal year 2023, employees purchased 14,000 shares. At June 30, 2023, 256,000 shares remained available for purchase under the ESPP. Stock Options The fair value of each option on the date of grant was estimated using the Black-Scholes option pricing model. There were no options granted in fiscal 2023 and fiscal 2022. Stock option expense is recorded on a straight-line basis, or sooner if the grantee is retirement eligible as defined in the 2019 Omnibus Plan, net of forfeitures. The forfeiture rate is based on historical rates and reduces the compensation expense recognized. The expected volatility of the Company’s stock was calculated based upon the historic monthly fluctuation in stock price for a period approximating the expected life of option grants. The risk-free interest rate is the rate of a five-year Treasury security at constant, fixed maturity on the approximate date of the stock option grant. The expected life of outstanding options is determined to be less than the contractual term for a period equal to the aggregate group of option holders’ estimated weighted average time within which options will be exercised. It is the Company’s policy that when stock options are exercised, new common shares shall be issued. Service-based options have a three-year The Company recorded $0.3 million and $0.7 million of expense related to stock options in fiscal years 2023 and 2022, respectively. A summary of stock option activity as of June 30, 2023, and changes during the period from July 1, 2022, through June 30, 2023, are as follows: Shares Weighted Weighted (in years) Aggregate Value Outstanding at June 30, 2022 2,300,791 $ 6.05 5.7 $ 2,287,764 Granted - $ - Exercised (520,566 ) $ 7.12 Forfeited - $ - Expired (73,262 ) $ 6.58 Outstanding at June 30, 2023 1,706,963 $ 5.70 5.4 $ 11,705,731 Exercisable at June 30, 2023 1,616,265 $ 5.64 5.3 $ 11,189,810 Vested and expected to vest at June 30, 2023 1,711,976 $ 5.71 5.4 $ 11,734,827 The aggregate intrinsic value of options exercised during the years ended June 30, 2023, and June 30, 2022, was $2.0 million as of June 30, 2023, and was nominal as of June 30, 2022. The Company received $3.9 million of cash proceeds from the exercise of stock options in fiscal 2023 and a nominal amount of proceeds from the exercise of stock options in fiscal 2022. As of June 30, 2023, there was $0.1 million of unrecognized compensation cost, net of forfeitures, related to stock options, which is expected to be recognized over a weighted-average remaining period of 0.2 years. For fiscal year 2023, the Company recognized a current income tax benefit of $0.8 million for tax deductions related to equity compensation. A discrete tax expense of $0.1 million was recognized to reduce deferred tax assets for cancelled awards and detriments in excess of the tax deductions. For fiscal year 2022, the Company recognized a current income tax benefit of $0.2 million for tax deductions related to equity compensation. A discrete tax expense of $0.1 million was recognized to reduce deferred tax assets for cancelled awards and detriments in excess of the tax deductions. Restricted Stock Units A total of 197,915 RSUs with a weighted average fair value of $6.9 per share were awarded to employees during fiscal 2023. The RSUs awarded during fiscal 2023 have a three-year The Company recorded $1.3 million and $0.9 million of expense related to RSUs during fiscal years 2023, and 2022, respectively. A summary of outstanding and unvested RSU activity as of June 30, 2023, and changes during the period from July 1, 2022, through June 30, 2023, are as follows: Shares Weighted- Unvested at June 30, 2022 249,331 $ 7.49 Granted 197,915 $ 6.90 Vested (96,478 ) $ 3.82 Forfeited - $ - Unvested at June 30, 2023 350,768 $ 7.34 As of June 30, 2023, there was $1.1 million of unrecognized compensation cost, net of forfeitures, related to RSUs, which is expected to be recognized over a weighted-average remaining period of 1.6 years. The total fair value of RSUs that became fully vested during fiscal 2023 was $0.8 million. Performance Stock Units A total of 190,510 PSUs with a weighted average fair value of $6.9 per share were awarded to employees during fiscal 2023. The Company determined the fair value of the awards based on the closing price of the Company stock on the date the PSUs were awarded. PSUs vest if the Company meets certain financial metrics over a three-year period. The PSUs are non-voting and do not accrue cash dividends at the same per share rate as those cash dividends declared and paid on LSI’s common stock. The Company recorded $2.0 million and $1.6 million of expense related to PSUs during fiscal years 2023, and 2022, respectively. A summary of outstanding and unvested PSU activity as of June 30, 2023, and changes during the period from July 1, 2022 through June 30, 2023 are as follows: Shares Weighted- Unvested at June 30, 2022 596,567 $ 6.63 Granted 190,510 $ 6.90 Vested (200,626 ) $ 3.83 Forfeited - $ - Unvested at June 30, 2023 586,451 $ 5.60 As of June 30, 2023, there was $1.2 million of unrecognized compensation cost, net of forfeitures, related to PSUs, which is expected to be recognized over a weighted-average remaining period of 2.0 years. Director Stock Compensation Awards The Company awarded a total of 43,722 and 42,420 common shares as stock compensation awards in fiscal years 2023, and 2022, respectively. These common shares were valued at their approximate $0.4 million fair market values based on their stock price at dates of issuance multiplied by the number of common shares awarded, pursuant to the compensation programs for non-employee directors who receive a portion of their compensation as an award of Company stock and for employees who received a nominal recognition award in the form of Company stock. Stock compensation awards are made in the form of newly issued common shares of the Company. 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, 2023, there were 30 participants, all with fully vested account balances. A total of 922,426 common shares with a cost of $7.2 million, and 821,876 common shares with a cost of $5.9 million, both of which included the Company contributions and the participant deferrals, were held in the plan as of June 30, 2023, and 2022, respectively, and, accordingly, have been recorded as treasury shares. 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 207,090 and 494,047 new common shares for purposes of the non-qualified deferred compensation plan during fiscal 2023, and during fiscal 2022, respectively.

Note 10 - Leases and Purchase C

Note 10 - Leases and Purchase Commitments	12 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE 10 LEASES AND PURCHASE COMMITMENTS Purchase commitments of the Company totaled $50.0 million as of June 30, 2023. The Company leases certain manufacturing facilities along with a small office space, several forklifts, several small tooling items, and various items of office equipment. 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. The rent expense for these leases was immaterial for fiscal years 2023 and 2022. 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) 2023 2022 Operating lease cost $ 3,551 $ 3,483 Financing lease cost: Amortization of right of use assets 295 295 Interest on lease liabilities 67 80 Variable lease cost 87 87 Total lease cost $ 4,000 $ 3,945 Supplemental Cash Flow Information (in thousands) 2023 2022 Cash flows from operating leases Fixed payments - operating lease cash flows $ 3,704 $ 3,576 Liability reduction - operating cash flows $ 3,319 $ 3,064 Cash flows from finance leases Interest - operating cash flows $ 67 $ 80 Repayments of principal portion - financing cash flows $ 281 $ 268 Operating Leases: June 30, 2023 June 30, 2022 Total operating right-of-use assets $ 8,921 $ 8,664 Accrued expenses (Current liabilities) $ 3,566 $ 3,738 Long-term operating lease liability 5,954 5,776 Total operating lease liabilities $ 9,520 $ 9,514 Weighted Average remaining Lease Term (in years) 3.31 3.05 Weighted Average Discount Rate 5.44 % 4.81 % Finance Leases: June 30, 2023 June 30, 2022 Buldings under finance leases $ 2,033 $ 2,033 Equipment under finance leases 34 11 Accumulated depreciation (929 ) (634 ) Total finance lease assets, net $ 1,138 $ 1,410 Accured expenses (Current liabilities) $ 284 275 Long-term finance lease liability 960 1,246 Total finance lease liabilities $ 1,244 $ 1,521 Weighted Average remaining Lease Term (in years) 3.83 4.80 Weighted Average Discount Rate 4.86 % 4.86 % Maturities of Lease Liability: Operating Lease Finance Lease Operating Subleases Net Lease 2024 3,566 337 (377 ) 3,526 2025 3,145 362 (31 ) 3,476 2026 1,860 362 - 2,222 2027 1,249 302 - 1,551 2028 632 - - 632 Thereafter 2 - - 2 Total lease payments $ 10,454 $ 1,363 $ (408 ) $ 11,409 Less: Interest (934 ) (119 ) (1,053 ) Present Value of Lease Liabilities $ 9,520 $ 1,244 $ 10,356

Note 11 - Income Taxes

Note 11 - Income Taxes	12 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 11 INCOME TAXES The following information is provided for the years ended June 30: (In thousands) 2023 2022 Components of income (loss) before income taxes: United States $ 31,701 $ 20,124 Foreign 1,625 (1,039 ) Income before income taxes $ 33,326 $ 19,085 Provision for income taxes U.S. Federal $ 6,327 $ 3,586 Foreign 325 165 State and local 1,330 644 Total current $ 7,982 $ 4,395 Deferred (418 ) (342 ) Total provision for income taxes $ 7,564 $ 4,053 (In thousands) 2023 2022 Reconciliation to federal statutory rate: Federal statutory rate 21.0 % 21.0 State and local taxes, net of federal benefit 2.9 3.0 Foreign operations 0.6 - Federal tax credits (1.0 ) (1.0 ) Uncertain tax position activity - (0.3 ) Stock-based compensation (1.2 ) (0.3 ) Tax rate changes (0.2 ) (1.4 ) Other 0.6 0.2 Effective tax rate 22.7 % 21.2 The components of deferred income tax assets and (liabilities) at June 30, 2023, and 2022 are as follows: Components of deferred income tax assets and liabilities (In thousands) 2023 2022 Uncertain tax positions $ 185 $ 169 Reserves against current assets 1,255 1,110 Accrued expenses 3,381 2,596 Deferred compensation 1,459 1,195 Stock-based compensation 1,680 1,421 State net operating loss carryover and credits 140 310 Lease Liability 2,397 2,667 Canadian NOL 319 538 U.S. Federal net operating loss carryover and credits 258 1,235 Deferred income tax asset before valuation allowance 11,074 11,241 Valuation allowance (108 ) (108 ) Deferred income tax asset 10,966 11,133 Goodwill, acquisition costs and intangible assets (3,749 ) (3,519 ) Depreciation (1,634 ) (2,205 ) Right of Use Asset (2,269 ) (2,513 ) Deferred income tax liability (7,652 ) (8,237 ) Net deferred income tax asset $ 3,314 $ 2,896 The Company has U.S. federal net operating loss carry forward deferred tax assets of $0.2 million and $1.1 million at June 30, 2023, and June 30, 2022, respectively. The federal net operating loss carry forward was from the acquisition of JSI in May 2021. The decrease of $0.9 million in fiscal 2023 was from utilization of the net operating loss. The Company has deferred tax assets for research and development credits of $0.1 million at both June 30, 2023, and June 30, 2022. Utilization of the federal net operating losses and research and development credits are limited by Internal Revenue Code Section 382 but are expected to be realized before expiration. The Company has Canadian net operating loss carry forward deferred tax assets of $0.3 million and $0.5 million at June 30, 2023, and June 30, 2022, respectively. The decrease of $0.2 million was from utilization of the net operating loss. The $0.3 million deferred tax asset was from the acquisition of JSI and has a 20 year carryforward period. The Company has state net operating loss carryovers and tax credit deferred tax assets of $0.1 million and $0.3 million at June 30, 2023, and June 30, 2022, respectively. A portion of the sate net operating loss carry forward was from the acquisition of JSI in May 2021. A valuation allowance of $0.1 million exists at June 30, 2023, against Oregon tax credits not expected to be used. The Oregon credits are otherwise expected to expire over a 4-year period beginning June 30, 2027. At June 30, 2023, tax, interest, and penalties, net of potential federal tax benefits, were $0.6 million, $0.3 million, and $0.1 million, respectively, of the total reserve for uncertain tax positions of $1.0 million. The entire uncertain tax position of $0.6 million, net of federal tax benefit, would impact the effective tax rate if recognized. At June 30, 2022, tax, interest, and penalties, net of potential federal tax benefits, were $0.6 million, $0.3 million, and $0.2 million, respectively, of the total reserve for uncertain tax positions of $1.1 million. The entire uncertain tax position of $0.6 million net of federal tax benefit, would impact the effective tax rate if recognized. The liability for uncertain tax position is included in Other Long-Term Liabilities. 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 2023 and fiscal 2022, related to the change in reserves for uncertain tax positions. The Company recognized interest net of federal benefit and penalties of $500 and ($3,000), respectively, in fiscal 2023 and $(8,000) and $(10,000), respectively, in fiscal 2022. The reserve for uncertain tax positions is not expected to change significantly in the next twelve months. The tax activity in the liability for uncertain tax positions was as follows: Uncertain tax positions (In thousands) 2023 2022 Balance at the beginning of the fiscal year $ 647 $ 682 Decreases - tax positions in prior period (134 ) (117 ) Increase - tax positions in current period 143 82 Balance at end of the fiscal year $ 656 $ 647 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, Mexico, and Puerto Rico. In general, the Company is no longer subject to U.S. Federal, state, and local tax examinations by tax authorities for fiscal years ending prior to June 30, 2020. Except that US tax years prior to June 30, 2020, are subject to exam to the extent of the US tax refunds generated from the carry back of the June 30, 2020, federal net operating loss. The IRS completed their examination of the US tax year ended June 30, 2020, and issued a no change report.

Note 12 - Supplemental Cash Flo

Note 12 - Supplemental Cash Flow Information	12 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 12 SUPPLEMENTAL CASH FLOW INFORMATION (in thousands) Cash Payments: 2023 2022 Interest $ 3,104 $ 1,668 Income taxes $ 9,559 $ 4,965 Non-cash investing and financing activities Issuance of common shares as compensation $ 368 $ 300 Issuance of common shares to fund deferred compensation plan $ 2,017 $ 3,610 Issuance of common shares to fund ESPP plan $ 142 $ -

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	12 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 13 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 June 30, 2023, there were no such standby letters of credit issued.

Note 14 - Severance Costs

Note 14 - Severance Costs	12 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	NOTE 14 SEVERANCE COSTS The Company recorded severance charges of less than $0.1 million in fiscal 2023 and 2022, respectively. This severance expense was related to reductions in staffing not related to plant restructuring. The activity in the Company’s accrued severance liability was as follows for the twelve months ended June 30, 2023, and 2022: June 30, June 30, (In thousands) 2023 2022 Balance at beginning of period $ - $ 13 Accrual of expense 83 13 Payments (78 ) (26 ) Balance at end of period $ 5 $ -

Note 15 - Summary of Quarterly

Note 15 - Summary of Quarterly Results (Unaudited)	12 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Quarterly Financial Information [Text Block]	NOTE 15 SUMMARY OF QUARTERLY RESULTS (UNAUDITED) Quarter Ended (In thousands except per share data) Sep. 30 Dec. 31 Mar. 31 Jun. 30 Fiscal Year 2023 Net Sales $ 127,069 $ 128,804 $ 117,470 $ 123,636 $ 496,979 Gross Profit 34,738 34,140 32,204 35,863 136,945 Net Income 6,262 6,417 4,669 8,414 25,762 Earnings per share Basic $ 0.23 $ 0.23 $ 0.16 $ 0.30 $ 0.92 Diluted $ 0.22 $ 0.22 $ 0.16 $ 0.28 $ 0.88 Range of share prices High $ 8.81 $ 12.39 $ 15.88 $ 14.12 $ 15.88 Low $ 5.70 $ 7.10 $ 12.17 $ 11.59 $ 5.70 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 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 (a) The total of the earnings per share for each of the four quarters does not equal the total earnings per share for the full year because the calculations are based on the average shares outstanding during each of the individual periods. There is no difference between basic and diluted shares due to losses.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Jun. 30, 2023
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, 2023, and 2022 (In thousands) Description Balance Additions Additions Deductions Balance End of Allowance for Credit Losses: Year Ended June 30, 2023 $ 499 $ (19 ) $ - $ (45 ) $ 435 Year Ended June 30, 2022 $ 256 $ 249 $ - $ (6 ) $ 499 Inventory Obsolescence Reserve: Year Ended June 30, 2023 $ 5,447 $ 2,496 $ - $ (1,654 ) $ 6,289 Year Ended June 30, 2022 $ 5,050 $ 2,111 $ - $ (1,714 ) $ 5,447 Deferred Tax Asset Valuation Reserve: Year Ended June 30, 2023 $ 108 $ - $ - $ - $ 108 Year Ended June 30, 2022 $ 108 $ - $ - $ - $ 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, 2023
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 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: Twelve Months Ended (In thousands) June 30, 2023 Lighting Display Timing of revenue recognition Products and services transferred at a point in time $ 234,736 $ 177,564 Products and services transferred over time 37,715 46,964 $ 272,451 $ 224,528 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 224,529 $ 25,011 Poles and other display solutions elements 44,473 156,057 Project management, installation services, shipping and handling 3,449 43,460 $ 272,451 $ 224,528 Twelve Months Ended (In thousands) June 30, 2022 Lighting Display 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 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. 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 be required to record additional allowances or charges against income. The Company determines its allowance for credit losses by first considering all known collectability problems of customers’ accounts, and then applying certain percentages against the various aging categories based on the due date of the remaining receivables. The resulting allowance for credit losses is an estimate based upon the Company’s knowledge of its business and customer base, the current economic climate, and historical trends. Receivables deemed uncollectable are written-off against the allowance for credit losses after all reasonable collection efforts have been exhausted. The Company also establishes allowances, at the time revenue is recognized, for returns, discounts, pricing, and other possible customer deductions. These allowances are based upon historical trends. The following table presents the Company’s net accounts receivable at the dates indicated. (In thousands) June 30, 2023 June 30, 2022 Accounts receivable $ 78,116 $ 78,249 Less: Allowance for credit losses (435 ) (499 ) Accounts receivable, net $ 77,681 $ 77,750
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 months. Cash and cash equivalents consist primarily of bank deposits and a bank money market account that is stated at cost, which approximates fair value. The Company maintains balances at financial institutions in the United States, Canada, and Mexico. In the United States, the FDIC limit for insurance coverage on non-interest-bearing accounts is $250,000 per institution. As of June 30, 2023, and June 30, 2022, the Company had bank balances of $2.3 million and $2.7 million, respectively, without insurance coverage.
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-in, first-out basis. The Company maintains an inventory reserve for obsolete and excess inventory. The Company first determines its excess and obsolete inventory reserve by considering specific known obsolete items, and then by applying certain percentages to specific inventory categories based upon inventory turns. The Company uses various tools, in addition to inventory turns, to identify which inventory items have the potential to become obsolete. Judgment is used to establish excess and obsolete inventory reserves and management adjusts these reserves as more information becomes available about the ultimate disposition of the inventory item.
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 $4.9 million and $5.3 million of depreciation expense in the years ended June 30, 2023, and 2022 respectively.
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
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, 2023 June 30, 2022 Balance at beginning of the period $ 4,491 $ 5,295 Additions charged to expense 6,626 2,960 Deductions for repairs and replacements (4,616 ) (3,764 ) Balance at end of the period $ 6,501 $ 4,491
Pension and Other Postretirement Plans, Policy [Policy Text Block]	Employee Benefit Plans: The Company has a 401(k) retirement plan whereby employee’s contributions to the 401(k) are matched by the Company. The 401(k) match program covers substantially all of its employees. The Company also has a nonqualified deferred compensation plan covering certain employees. The costs of employee benefit plans are charged to expense and funded annually. Total costs were $2.5 million and $2.9 million in June 30, 2023, and 2022, respectively.
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 $3.4 million and $3.6 million for the fiscal years ended June 30, 2023, and 2022, respectively.
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, 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 project management and installation costs to support its 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 in accordance with accounting guidance for stock-based compensation. The accounting guidance requires companies to measure the cost of employee 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 2,156,000 shares and 1,375,000 shares in fiscal 2023 and 2022, respectively. See further discussion in Note 3.
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 ($0.3) million as of June 30, 2023, and a nominal amount as of June 30, 2022. The Company recognizes foreign currency transaction (gains) and losses on certain assets and liabilities that are denominated in the Mexican Peso and Canadian Dollar. These transaction (gains) and losses are reported in other expense in the consolidated statements of operations and was a nominal amount for the fiscal year ended June30, 2023 and $0.1 million for the fiscal year ended June 30, 2022.
New Accounting Pronouncements, Policy [Policy Text Block]	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.
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 items were identified during this evaluation that required adjustment to or disclosure in the accompanying consolidated financial statements.

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Twelve Months Ended (In thousands) June 30, 2023 Lighting Display Timing of revenue recognition Products and services transferred at a point in time $ 234,736 $ 177,564 Products and services transferred over time 37,715 46,964 $ 272,451 $ 224,528 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 224,529 $ 25,011 Poles and other display solutions elements 44,473 156,057 Project management, installation services, shipping and handling 3,449 43,460 $ 272,451 $ 224,528 Twelve Months Ended (In thousands) June 30, 2022 Lighting Display 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
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(In thousands) June 30, 2023 June 30, 2022 Accounts receivable $ 78,116 $ 78,249 Less: Allowance for credit losses (435 ) (499 ) Accounts receivable, net $ 77,681 $ 77,750
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]	(In thousands) June 30, 2023 June 30, 2022 Balance at beginning of the period $ 4,491 $ 5,295 Additions charged to expense 6,626 2,960 Deductions for repairs and replacements (4,616 ) (3,764 ) Balance at end of the period $ 6,501 $ 4,491

Note 2 - Business Segment Inf_2

Note 2 - Business Segment Information (Tables)	12 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	(In thousands) Twelve Months Ended June 30 2023 2022 Net Sales: Lighting Segment $ 272,451 $ 233,449 Display Solutions Segment 224,528 221,671 $ 496,979 $ 455,120 Operating Income (Loss): Lighting Segment $ 31,633 $ 20,942 Display Solutions Segment 24,920 17,589 Corporate and Eliminations (19,525 ) (17,330 ) $ 37,028 $ 21,201 Capital Expenditures: Lighting Segment $ 1,829 $ 1,017 Display Solutions Segment 1,373 1,162 Corporate and Eliminations 6 (57 ) $ 3,208 $ 2,122 Depreciation and Amortization: Lighting Segment $ 5,423 $ 5,782 Display Solutions Segment 3,977 4,073 Corporate and Eliminations 265 263 $ 9,664 $ 10,118
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	June 30, 2023 June 30, 2022 Identifiable Assets: Lighting Segment $ 142,941 $ 152,431 Display Solutions Segment 145,307 152,302 Corporate and Eliminations 7,901 6,347 $ 296,149 $ 311,080
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Inter-segment sales Twelve Months Ended (In thousands) June 30 2023 2022 Lighting Segment inter-segment net sales $ 22,283 $ 38,310 Display Solutions Segment inter-segment net sales $ 274 $ 352

Note 3 - Earnings Per Share (Ta

Note 3 - Earnings Per Share (Tables)	12 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	(in thousands, except per share data) BASIC EARNINGS PER SHARE 2023 2022 Net Income $ 25,762 $ 15,032 Weighted average shares outstanding during the period, net of treasury shares 27,159 26,618 Weighted average vested restricted stock units outstanding 73 30 Weighted average shares outstanding in the Deferred Compensation Plan during the period 895 638 Weighted average shares outstanding 28,127 27,286 Basic income per share $ 0.92 $ 0.55 DILUTED EARNINGS PER SHARE Net Income $ 25,762 $ 15,032 Weighted average shares outstanding Basic 28,127 27,286 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and Contingently issuable shares, if any 1,189 707 Weighted average shares outstanding 29,316 27,993 Diluted income per share $ 0.88 $ 0.54 Anti-dilutive securities (b) 154 1,100

Note 4 - Inventories, Net (Tabl

Note 4 - Inventories, Net (Tables)	12 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	The following information is provided as of the dates indicated: (In thousands) June 30, 2023 June 30, 2022 Inventories: Raw materials $ 47,689 $ 51,637 Work-in-progress 3,373 3,029 Finished goods 12,656 19,755 Total Inventories $ 63,718 $ 74,421

Note 5 - Accrued Expenses (Tabl

Note 5 - Accrued Expenses (Tables)	12 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	(In thousands) June 30, 2023 June 30, 2022 Accrued Expenses: Customer prepayments $ 5,425 $ 6,416 Compensation and benefits 13,116 9,611 Accrued warranty 6,501 4,491 Accrued sales commissions 5,082 4,783 Accrued freight 3,821 3,680 Accrued FICA 546 1,122 Operating lease liabilities 3,566 3,738 Accrued income tax - 109 Finance lease liabilities 284 275 Other accrued expenses 5,444 4,503 Total Accrued Expenses $ 43,785 $ 38,728

Note 6 - Goodwill and Other I_2

Note 6 - Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Goodwill [Table Text Block]	(In thousands) Lighting Display Total 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 Balance as of June 30, 2023 Goodwill $ 70,971 $ 63,347 $ 134,318 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of June 30, 2023 $ 9,208 $ 35,822 $ 45,030
Schedule of Intangible Assets and Goodwill [Table Text Block]	(In thousands) June 30, 2023 Gross Carrying Amount Accumulated Amortization Net Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 17,817 $ 44,266 Patents 268 268 - LED technology, software 20,966 15,783 5,183 Trade name 2,658 1,156 1,502 Non-compete 260 110 150 Total Amortized Intangible Assets $ 86,235 $ 35,134 $ 51,101 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 $ 35,134 $ 63,203 (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
Finite-Lived Intangible Assets Amortization Expense [Table Text Block]	(In thousands) 2023 2022 Amortization expense of other intangible assets $ 4,761 $ 4,809
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(In thousands) 2024 $ 4,760 2025 $ 4,760 2026 $ 4,760 2027 $ 4,754 2028 $ 4,708 After 2028 $ 27,359

Note 7 - Revolving Line of Cr_2

Note 7 - Revolving Line of Credit and Long-term Debt (Tables)	12 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Debt [Table Text Block]	June 30, June 30, (In thousands) 2023 2022 Secured line of credit $ 18,729 $ 57,275 Term loan, net of debt issuance costs of $21 and $30, respectively 16,471 22,321 Total debt 35,200 79,596 Less: amounts due within one year 3,571 3,571 Total amounts due after one year, net $ 31,629 $ 76,025

Note 9 - Equity Compensation (T

Note 9 - Equity Compensation (Tables)	12 Months Ended
	Jun. 30, 2023
Notes Tables
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Shares Weighted Weighted (in years) Aggregate Value Outstanding at June 30, 2022 2,300,791 $ 6.05 5.7 $ 2,287,764 Granted - $ - Exercised (520,566 ) $ 7.12 Forfeited - $ - Expired (73,262 ) $ 6.58 Outstanding at June 30, 2023 1,706,963 $ 5.70 5.4 $ 11,705,731 Exercisable at June 30, 2023 1,616,265 $ 5.64 5.3 $ 11,189,810 Vested and expected to vest at June 30, 2023 1,711,976 $ 5.71 5.4 $ 11,734,827
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	Shares Weighted- Unvested at June 30, 2022 249,331 $ 7.49 Granted 197,915 $ 6.90 Vested (96,478 ) $ 3.82 Forfeited - $ - Unvested at June 30, 2023 350,768 $ 7.34
Share-based Payment Arrangement, Performance Stock Units, Activity [Table Text Block]	Shares Weighted- Unvested at June 30, 2022 596,567 $ 6.63 Granted 190,510 $ 6.90 Vested (200,626 ) $ 3.83 Forfeited - $ - Unvested at June 30, 2023 586,451 $ 5.60

Note 10 - Leases and Purchase_2

Note 10 - Leases and Purchase Commitments (Tables)	12 Months Ended
	Jun. 30, 2023
Notes Tables
Lease, Cost [Table Text Block]	(In thousands) 2023 2022 Operating lease cost $ 3,551 $ 3,483 Financing lease cost: Amortization of right of use assets 295 295 Interest on lease liabilities 67 80 Variable lease cost 87 87 Total lease cost $ 4,000 $ 3,945 Supplemental Cash Flow Information (in thousands) 2023 2022 Cash flows from operating leases Fixed payments - operating lease cash flows $ 3,704 $ 3,576 Liability reduction - operating cash flows $ 3,319 $ 3,064 Cash flows from finance leases Interest - operating cash flows $ 67 $ 80 Repayments of principal portion - financing cash flows $ 281 $ 268 Operating Leases: June 30, 2023 June 30, 2022 Total operating right-of-use assets $ 8,921 $ 8,664 Accrued expenses (Current liabilities) $ 3,566 $ 3,738 Long-term operating lease liability 5,954 5,776 Total operating lease liabilities $ 9,520 $ 9,514 Weighted Average remaining Lease Term (in years) 3.31 3.05 Weighted Average Discount Rate 5.44 % 4.81 % Finance Leases: June 30, 2023 June 30, 2022 Buldings under finance leases $ 2,033 $ 2,033 Equipment under finance leases 34 11 Accumulated depreciation (929 ) (634 ) Total finance lease assets, net $ 1,138 $ 1,410 Accured expenses (Current liabilities) $ 284 275 Long-term finance lease liability 960 1,246 Total finance lease liabilities $ 1,244 $ 1,521 Weighted Average remaining Lease Term (in years) 3.83 4.80 Weighted Average Discount Rate 4.86 % 4.86 %
Lessee, Leases, Liability, Maturity [Table Text Block]	Maturities of Lease Liability: Operating Lease Finance Lease Operating Subleases Net Lease 2024 3,566 337 (377 ) 3,526 2025 3,145 362 (31 ) 3,476 2026 1,860 362 - 2,222 2027 1,249 302 - 1,551 2028 632 - - 632 Thereafter 2 - - 2 Total lease payments $ 10,454 $ 1,363 $ (408 ) $ 11,409 Less: Interest (934 ) (119 ) (1,053 ) Present Value of Lease Liabilities $ 9,520 $ 1,244 $ 10,356

Note 11 - Income Taxes (Tables)

Note 11 - Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	(In thousands) 2023 2022 Components of income (loss) before income taxes: United States $ 31,701 $ 20,124 Foreign 1,625 (1,039 ) Income before income taxes $ 33,326 $ 19,085 Provision for income taxes U.S. Federal $ 6,327 $ 3,586 Foreign 325 165 State and local 1,330 644 Total current $ 7,982 $ 4,395 Deferred (418 ) (342 ) Total provision for income taxes $ 7,564 $ 4,053
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	(In thousands) 2023 2022 Reconciliation to federal statutory rate: Federal statutory rate 21.0 % 21.0 State and local taxes, net of federal benefit 2.9 3.0 Foreign operations 0.6 - Federal tax credits (1.0 ) (1.0 ) Uncertain tax position activity - (0.3 ) Stock-based compensation (1.2 ) (0.3 ) Tax rate changes (0.2 ) (1.4 ) Other 0.6 0.2 Effective tax rate 22.7 % 21.2
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Components of deferred income tax assets and liabilities (In thousands) 2023 2022 Uncertain tax positions $ 185 $ 169 Reserves against current assets 1,255 1,110 Accrued expenses 3,381 2,596 Deferred compensation 1,459 1,195 Stock-based compensation 1,680 1,421 State net operating loss carryover and credits 140 310 Lease Liability 2,397 2,667 Canadian NOL 319 538 U.S. Federal net operating loss carryover and credits 258 1,235 Deferred income tax asset before valuation allowance 11,074 11,241 Valuation allowance (108 ) (108 ) Deferred income tax asset 10,966 11,133 Goodwill, acquisition costs and intangible assets (3,749 ) (3,519 ) Depreciation (1,634 ) (2,205 ) Right of Use Asset (2,269 ) (2,513 ) Deferred income tax liability (7,652 ) (8,237 ) Net deferred income tax asset $ 3,314 $ 2,896
Summary of Income Tax Contingencies [Table Text Block]	Uncertain tax positions (In thousands) 2023 2022 Balance at the beginning of the fiscal year $ 647 $ 682 Decreases - tax positions in prior period (134 ) (117 ) Increase - tax positions in current period 143 82 Balance at end of the fiscal year $ 656 $ 647

Note 12 - Supplemental Cash F_2

Note 12 - Supplemental Cash Flow Information (Tables)	12 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	(in thousands) Cash Payments: 2023 2022 Interest $ 3,104 $ 1,668 Income taxes $ 9,559 $ 4,965 Non-cash investing and financing activities Issuance of common shares as compensation $ 368 $ 300 Issuance of common shares to fund deferred compensation plan $ 2,017 $ 3,610 Issuance of common shares to fund ESPP plan $ 142 $ -

Note 14 - Severance Costs (Tabl

Note 14 - Severance Costs (Tables)	12 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Accrued Severance Liability [Table Text Block]	June 30, June 30, (In thousands) 2023 2022 Balance at beginning of period $ - $ 13 Accrual of expense 83 13 Payments (78 ) (26 ) Balance at end of period $ 5 $ -

Note 15 - Summary of Quarterl_2

Note 15 - Summary of Quarterly Results (Unaudited) (Tables)	12 Months Ended
	Jun. 30, 2023
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 2023 Net Sales $ 127,069 $ 128,804 $ 117,470 $ 123,636 $ 496,979 Gross Profit 34,738 34,140 32,204 35,863 136,945 Net Income 6,262 6,417 4,669 8,414 25,762 Earnings per share Basic $ 0.23 $ 0.23 $ 0.16 $ 0.30 $ 0.92 Diluted $ 0.22 $ 0.22 $ 0.16 $ 0.28 $ 0.88 Range of share prices High $ 8.81 $ 12.39 $ 15.88 $ 14.12 $ 15.88 Low $ 5.70 $ 7.10 $ 12.17 $ 11.59 $ 5.70 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 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

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Jun. 30, 2023
Notes Tables
Summary of Valuation Allowance [Table Text Block]	Description Balance Additions Additions Deductions Balance End of Allowance for Credit Losses: Year Ended June 30, 2023 $ 499 $ (19 ) $ - $ (45 ) $ 435 Year Ended June 30, 2022 $ 256 $ 249 $ - $ (6 ) $ 499 Inventory Obsolescence Reserve: Year Ended June 30, 2023 $ 5,447 $ 2,496 $ - $ (1,654 ) $ 6,289 Year Ended June 30, 2022 $ 5,050 $ 2,111 $ - $ (1,714 ) $ 5,447 Deferred Tax Asset Valuation Reserve: Year Ended June 30, 2023 $ 108 $ - $ - $ - $ 108 Year Ended June 30, 2022 $ 108 $ - $ - $ - $ 108

Note 1 - Summary of Significa_3

Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash, Uninsured Amount	$ 2.3	$ 2.7
Depreciation	$ 4.9	5.3
Standard Warranty Extended Term for Exceptions	10 years
Defined Contribution Plan, Cost	$ 2.5	2.9
Research and Development Expense	$ 3.4	$ 3.6
Incremental Common Shares Attributable to Dilutive Effect of Contingently Issuable Shares	2,156,000	1,375,000
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ 0.3
Other Expense [Member]
Gain (Loss), Foreign Currency Transaction, before Tax		$ 0.1
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	20 years
Standard Warranty Term	5 years
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	5 years
Standard Warranty Term	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, 2023	Jun. 30, 2022
Net sales	$ 496,979	$ 455,120
Lighting Segment [Member]
Net sales	272,451	233,449
Lighting Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Net sales	224,529	191,791
Lighting Segment [Member] | Legacy Products [Member]
Net sales	44,473	39,339
Lighting Segment [Member] | Turnkey Services and Other [Member]
Net sales	3,449	2,319
Display Solutions Segment [Member]
Net sales	224,528	221,671
Display Solutions Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Net sales	25,011	44,771
Display Solutions Segment [Member] | Legacy Products [Member]
Net sales	156,057	136,573
Display Solutions Segment [Member] | Turnkey Services and Other [Member]
Net sales	43,460	40,327
Transferred at Point in Time [Member] | Lighting Segment [Member]
Net sales	234,736	204,241
Transferred at Point in Time [Member] | Display Solutions Segment [Member]
Net sales	177,564	156,241
Transferred over Time [Member] | Lighting Segment [Member]
Net sales	37,715	29,208
Transferred over Time [Member] | Display Solutions Segment [Member]
Net sales	$ 46,964	$ 65,430

Note 1 - Summary of Significa_5

Note 1 - Summary of Significant Accounting Policies - Net Accounts Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Accounts receivable	$ 78,116	$ 78,249
Less: Allowance for credit losses	(435)	(499)
Accounts receivable, net	$ 77,681	$ 77,750

Note 1 - Summary of Significa_6

Note 1 - Summary of Significant Accounting Policies - Estimated Useful Lives of Long-lived Assets (Details)	Jun. 30, 2023
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, 2023	Jun. 30, 2022
Balance	$ 4,491	$ 5,295
Additions charged to expense	6,626	2,960
Deductions for repairs and replacements	(4,616)	(3,764)
Balance	$ 6,501	$ 4,491

Note 2 - Business Segment Inf_3

Note 2 - Business Segment Information (Details Textual)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Number of Operating Segments		2
Intersegment Revenue Markup Percentage	10%
Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Number of Major Customers	0	0
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Number of Major Customers	0	0

Note 2 - Business Segment Inf_4

Note 2 - Business Segment Information - Summarized Financial Information by Operating Segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Net Sales:
Net Sales	$ 496,979	$ 455,120
Operating Income (Loss):
Operating income (loss)	37,028	21,201
Capital Expenditures:
Capital expenditures	3,208	2,122
Depreciation and Amortization:
Depreciation and amortization	9,664	10,118
Corporate and Eliminations [Member]
Operating Income (Loss):
Operating income (loss)	(19,525)	(17,330)
Capital Expenditures:
Capital expenditures	6	(57)
Depreciation and Amortization:
Depreciation and amortization	265	263
Lighting Segment [Member]
Net Sales:
Net Sales	272,451	233,449
Lighting Segment [Member] | Operating Segments [Member]
Operating Income (Loss):
Operating income (loss)	31,633	20,942
Capital Expenditures:
Capital expenditures	1,829	1,017
Depreciation and Amortization:
Depreciation and amortization	5,423	5,782
Display Solutions Segment [Member]
Net Sales:
Net Sales	224,528	221,671
Display Solutions Segment [Member] | Operating Segments [Member]
Operating Income (Loss):
Operating income (loss)	24,920	17,589
Capital Expenditures:
Capital expenditures	1,373	1,162
Depreciation and Amortization:
Depreciation and amortization	$ 3,977	$ 4,073

Note 2 - Business Segment Inf_5

Note 2 - Business Segment Information - Identifiable Assets by Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Assets	$ 296,149	$ 311,080
Operating Segments [Member] | Lighting Segment [Member]
Assets	142,941	152,431
Operating Segments [Member] | Display Solutions Segment [Member]
Assets	145,307	152,302
Corporate and Eliminations [Member]
Assets	$ 7,901	$ 6,347

Note 2 - Business Segment Inf_6

Note 2 - Business Segment Information - Intersegment Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Net sales	$ 496,979	$ 455,120
Lighting Segment [Member]
Net sales	272,451	233,449
Display Solutions Segment [Member]
Net sales	224,528	221,671
Intersegment Eliminations [Member] | Lighting Segment [Member]
Net sales	22,283	38,310
Intersegment Eliminations [Member] | Display Solutions Segment [Member]
Net sales	$ 274	$ 352

Note 3 - Earnings per Share - B

Note 3 - 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, 2023	Mar. 31, 2023	Mar. 21, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022		Dec. 31, 2021		Sep. 30, 2021		Jun. 30, 2021	[2]	Jun. 30, 2023	Jun. 30, 2022
Net Income		$ 8,414	$ 4,669		$ 6,417	$ 6,262	$ 5,176	$ 3,618		$ 3,105		$ 3,133				$ 25,762	$ 15,032
Weighted average shares outstanding during the period, net of treasury shares (in shares)																27,159	26,618
Weighted average vested restricted stock units outstanding (in shares)																895	638
Weighted average shares outstanding (in shares)																28,127	27,286
Basic income per share (in dollars per share)		$ 0.30		$ 0.16	$ 0.23	$ 0.23	$ 0.19	$ 0.13		$ 0.11		$ 0.12				$ 0.92	$ 0.55
Impact of common shares to be issued under stock option plans, and Contingently issuable shares, if any (in shares)	[1]															1,189	707
Weighted average shares outstanding (in shares)																29,316	27,993
Diluted (in dollars per share)		$ 0.28	$ 0.16		$ 0.22	$ 0.22		$ 0.13	[2]	$ 0.11	[2]	$ 0.11	[2]	$ 0.18		$ 0.88	$ 0.54	[2]
Anti-dilutive securities (b) (in shares)	[3]															154	1,100
Restricted Stock Units (RSUs) [Member]
Weighted average vested restricted stock units outstanding (in shares)																73	30
[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]The total of the earnings per share for each of the four quarters does not equal the total earnings per share for the full year because the calculations are based on the average shares outstanding during each of the individual periods. There is no difference between basic and diluted shares due to losses.[3]Anti-dilutive securities were excluded in the computation of diluted earnings per share for the year ended June 30, 2023, and June 30, 2022, because the exercise price was greater than the 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 4 - Inventories, Net - Inv

Note 4 - Inventories, Net - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Raw materials	$ 47,689	$ 51,637
Work-in-progress	3,373	3,029
Finished goods	12,656	19,755
Total Inventories	$ 63,718	$ 74,421

Note 5 - Accrued Expenses - Acc

Note 5 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Customer prepayments	$ 5,425	$ 6,416
Compensation and benefits	13,116	9,611
Accrued warranty	6,501	4,491
Accrued sales commissions	5,082	4,783
Accrued Freight	3,821	3,680
Accrued FICA	546	1,122
Operating lease liabilities	3,566	3,738
Accrued income tax	0	109
Other accrued expenses	5,444	4,503
Total Accrued Expenses	43,785	38,728
Accrued Expenses [Member]
Operating lease liabilities	3,566	3,738
Finance lease liabilities	$ 284	$ 275

Note 6 - Goodwill and Other I_3

Note 6 - Goodwill and Other Intangible Assets (Details Textual) $ in Millions			12 Months Ended
	Mar. 01, 2023 USD ($)	Mar. 01, 2022 USD ($)	Jun. 30, 2023	Jun. 30, 2022
Number of Reporting Units	3	3	3	2
First Indefinite Lived Intangible Asset [Member]
Intangible Assets, Indefinite-lived, Amount of Fair Value in Excess of Carrying Amount	$ 17	$ 17
Intangible Assets, Indefinite-lived, Percentage of Fair Value in Excess of Carrying Amount	399%	396%
Second Indefinite Lived Intangible Asset [Member]
Intangible Assets, Indefinite-lived, Amount of Fair Value in Excess of Carrying Amount	$ 10.5	$ 10.6
Intangible Assets, Indefinite-lived, Percentage of Fair Value in Excess of Carrying Amount	21%	22%
Lighting Segment [Member]
Number of Reporting Units	1
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount	$ 34.4	$ 31.6
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	21%	18%
Display Solutions Segment [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] | First Reporting Unit [Member]
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount	$ 13.6
Reporting Units, Percentage of Fair Value in Excess of Carrying Amount	5,426%
Display Solutions Segment [Member] | Second Reporting Unit [Member]
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount	$ 99.4	$ 100.4
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	15%	12%

Note 6 - Goodwill and Other I_4

Note 6 - Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2023
Goodwill	$ 133,076	$ 134,318
Measurement period adjustment	1,242
Accumulated impairment losses	(89,288)	(89,288)
Goodwill	45,030	45,030
Lighting Segment [Member]
Goodwill	70,971	70,971
Measurement period adjustment	0
Accumulated impairment losses	(61,763)	(61,763)
Goodwill	9,208	9,208
Display Solutions Segment [Member]
Goodwill	62,105	63,347
Measurement period adjustment	1,242
Accumulated impairment losses	(27,525)	(27,525)
Goodwill	$ 35,822	$ 35,822

Note 6 - Goodwill and Other I_5

Note 6 - Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Amortized intangible assets, gross	$ 86,235	$ 86,235
Accumulated amortization	35,134	30,373
Amortized intangible assets, net	51,101	55,862
Indefinite-lived intangible assets, gross	12,102	12,102
Total other intangible assets, gross	98,337	98,337
Other Intangible Assets, net	63,203	67,964
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	17,817	14,400
Amortized intangible assets, net	44,266	47,683
Patents [Member]
Amortized intangible assets, gross	268	268
Accumulated amortization	268	268
Amortized intangible assets, net	0	0
Technology-Based Intangible Assets [Member]
Amortized intangible assets, gross	20,966	20,966
Accumulated amortization	15,783	14,598
Amortized intangible assets, net	5,183	6,368
Trade Names [Member]
Amortized intangible assets, gross	2,658	2,658
Accumulated amortization	1,156	1,049
Amortized intangible assets, net	1,502	1,609
Noncompete Agreements [Member]
Amortized intangible assets, gross	260	260
Accumulated amortization	110	58
Amortized intangible assets, net	$ 150	$ 202

Note 6 - Goodwill and Other I_6

Note 6 - Goodwill and Other Intangible Assets - Amortization Expense of Other Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Amortization expense of other intangible assets	$ 4,761	$ 4,809

Note 6 - Goodwill and Other I_7

Note 6 - Goodwill and Other Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Finite-Lived Intangible Assets, Amortization Expense, Next Rolling 12 Months	$ 4,760
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Two	4,760
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Three	4,760
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Four	4,754
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Five	4,708
Finite-Lived Intangible Assets, Amortization Expense, Rolling after Year Five	$ 27,359

Note 7 - Revolving Line of Cr_3

Note 7 - 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, 2023	Jun. 30, 2023	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			6.50%
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			$ 58.5
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate				0.50%
London Interbank Offered Rate [Member]
Debt Instrument, Basis Spread on Variable Rate				1%
London Interbank Offered Rate [Member] | Revolving Credit Facility [Member] | Forecast [Member]
Debt Instrument, Basis Spread on Variable Rate		1%
London Interbank Offered Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate				1%
London Interbank Offered Rate [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	5 years

Note 7 - Revolving Line of Cr_4

Note 7 - Revolving Line of Credit and Long-term Debt - Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Secured line of credit	$ 18,729	$ 57,275
Total debt	35,200	79,596
Less: amounts due within one year	3,571	3,571
Total amounts due after one year, net	31,629	76,025
Term Loan [Member]
Total debt	$ 16,471	$ 22,321

Note 7 - Revolving Line of Cr_5

Note 7 - Revolving Line of Credit and Long-term Debt - Debt (Details) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Term Loan [Member]
Debt Issuance Costs, Net	$ 21	$ 30

Note 8 - Cash Dividends (Detail

Note 8 - Cash Dividends (Details Textual) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Aug. 31, 2023
Payments of Dividends	$ 5.4	$ 5.4
Dividends Accrued	$ 0.1	$ 0.2
Subsequent Event [Member]
Quarterly Indicated Per Share Dividend Rate			$ 0.05

Note 9 - Equity Compensation (D

Note 9 - Equity Compensation (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Nov. 30, 2021	Nov. 30, 2019
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 2,000,000
Proceeds from Stock Options Exercised	3,862,000	$ 26,000
Reduction of Federal Income Taxes Payable Related To Stock Option Exercise	800,000	200,000
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	43,722	42,420
Shares Issued, Value, Share-Based Payment Arrangement, before Forfeiture	$ 400,000
Deferred Compensation Arrangement with Individual, Shares Issued	207,090	494,047
Deferred Compensation Plan With Rabbit Trust [Member]
Treasury Stock, Common, Shares	922,426	821,876
Treasury Stock, Value	$ 7,200,000	$ 5,900,000
LSi Employee Stock Purchase Plan (ESPP) [Member]
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares	256,000		270,000
Employee Stock Ownership Plan (ESOP), Discount Percentage			10%
Employee Stock Ownership Plan (ESOP), Shares Contributed to ESOP	14,000
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	197,915
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period		146,821
Share-Based Payment Arrangement, Expense	$ 1,300,000	$ 900,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 1,100,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	1 year 7 months 6 days
Dividends	$ 101,931	$ 65,743
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 800,000
Performance Stock Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	190,510
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period	190,510	190,980
Share-Based Payment Arrangement, Expense	$ 2,000,000	$ 1,600,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 1,200,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 years
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
Service-based Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period	3 years
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Expense	$ 300,000	$ 700,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 100,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 months 12 days
The 2019 Omnibus Award Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized				2,650,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant	2,417,793
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
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period	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	$ 6.9
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	190,510
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 6.9

Note 9 - Equity Compensation -

Note 9 - Equity Compensation - Stock Options (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Outstanding, shares (in shares)		2,300,791
Outstanding, weighted average exercise price (in dollars per share)		$ 6.05
Outstanding, weighted average remaining contractual term (Year)	5 years 4 months 24 days	5 years 8 months 12 days
Outstanding, aggregate intrinsic value	$ 11,705,731	$ 2,287,764
Granted (in shares)	0
Granted, weighted average exercise price (in dollars per share)	$ 0
Exercised (in shares)	(520,566)
Exercised, weighted average exercise price (in dollars per share)	$ 7.12
Forfeited (in shares)	0
Forfeited, weighted average exercise price (in dollars per share)	$ 0
Expired (in shares)	(73,262)
Expired, weighted average exercise price (in dollars per share)	$ 6.58
Outstanding, shares (in shares)	1,706,963
Outstanding, weighted average exercise price (in dollars per share)	$ 5.70
Exercisable, shares (in shares)	1,616,265
Exercisable, weighted average exercise price (in dollars per share)	$ 5.64
Exercisable, weighted average remaining contractual term (Year)	5 years 3 months 18 days
Exercisable, aggregate intrinsic value	$ 11,189,810
Vested and expected to vest, shares (in shares)	1,711,976
Vested and expected to vest at, weighted average exercise price (in dollars per share)	$ 5.71
Vested and expected to vest, weighted average remaining contractual term (Year)	5 years 4 months 24 days
Vested and expected to vest, aggregate intrinsic value	$ 11,734,827

Note 9 - Equity Compensation _2

Note 9 - Equity Compensation - Summary of Restricted Stock Units Activity (Details)	12 Months Ended
	Jun. 30, 2023 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	0
Restricted Stock Units (RSUs) [Member]
Unvested, shares (in shares)	249,331
Unvested, weighted-average grant date fair value (in dollars per share) | $ / shares	$ 7.49
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross	197,915
Granted, weighted-average grant date fair value (in dollars per share) | $ / shares	$ 6.90
Vested (in shares)	(96,478)
Vested, weighted-average grant date fair value (in dollars per share) | $ / shares	$ 3.82
Forfeited (in shares)	0
Forfeited, weighted-average grant date fair value (in dollars per share) | $ / shares	$ 0
Unvested, shares (in shares)	350,768
Unvested, weighted-average grant date fair value (in dollars per share) | $ / shares	$ 7.34

Note 9 - Equity Compensation _3

Note 9 - Equity Compensation - Summary of Performance Stock Units Activity (Details) - Performance Stock Units [Member] - $ / shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Unvested, shares (in shares)	596,567
Unvested, weighted-average grant date fair value (in dollars per share)	$ 6.63
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period	190,510	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	$ 6.90
Vested (in shares)	(200,626)
Vested, weighted-average grant date fair value (in dollars per share)	$ 3.83
Forfeited (in shares)	0
Forfeited, weighted-average grant date fair value (in dollars per share)	$ 0
Unvested, shares (in shares)	586,451	596,567
Unvested, weighted-average grant date fair value (in dollars per share)	$ 5.60	$ 6.63

Note 10 - Leases and Purchase_3

Note 10 - Leases and Purchase Commitments (Details Textual) $ in Millions	Jun. 30, 2023 USD ($)
Contractual Obligation	$ 50
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term	7 years

Note 10 - Leases and Purchase_4

Note 10 - Leases and Purchase Commitments - Operating Lease Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating lease cost	$ 3,551	$ 3,483
Total operating right-of-use assets	8,921	8,664
Buldings under finance leases	2,033	2,033
Fixed payments - operating lease cash flows	3,704	3,576
Operating lease liabilities	3,566	3,738
Amortization of right of use assets	295	295
Liability reduction - operating cash flows	3,319	3,064
Long-term operating lease liability	5,954	5,776
Accumulated depreciation	(929)	(634)
Interest on lease liabilities	67	80
Interest - operating cash flows	67	80
Total operating lease liabilities	9,520	9,514
Total finance lease assets, net	1,138	1,410
Variable lease cost	87	87
Repayments of principal portion - financing cash flows	$ 281	$ 268
Weighted Average remaining Lease Term (in years) (Year)	3 years 3 months 21 days	3 years 18 days
Total lease cost	$ 4,000	$ 3,945
Weighted Average Discount Rate	5.44%	4.81%
Long-term finance lease liability	$ 960	$ 1,246
Total finance lease liabilities	$ 1,244	$ 1,521
Weighted Average remaining Lease Term (in years) (Year)	3 years 9 months 29 days	4 years 9 months 18 days
Weighted Average Discount Rate	4.86%	4.86%
Accrued Expenses [Member]
Operating lease liabilities	$ 3,566	$ 3,738
Accured expenses (Current liabilities)	284	275
Buildings Under Finance Leases [Member]
Buldings under finance leases	2,033	2,033
Equipment Under Finance Leases [Member]
Buldings under finance leases	$ 34	$ 11

Note 10 - Leases and Purchase_5

Note 10 - Leases and Purchase Commitments - Maturities of Lease Liability (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Lessee, Operating Lease, Liability, to be Paid, Year One	$ 3,566
Finance Lease, Liability, to be Paid, Year One	337
Lessee, Operating Sublease, Payment to be Received, Year One	(377)
Lessee, Net Lease Commitments, Liability, to be Paid, Year One	3,526
Lessee, Operating Lease, Liability, to be Paid, Year Two	3,145
Finance Lease, Liability, to be Paid, Year Two	362
Lessee, Operating Sublease, Payment to be Received, Year Two	(31)
Lessee, Net Lease Commitments, Liability, to be Paid, Year Two	3,476
Lessee, Operating Lease, Liability, to be Paid, Year Three	1,860
Finance Lease, Liability, to be Paid, Year Three	362
Lessee, Operating Sublease, Payment to be Received, Year Three	0
Lessee, Net Lease Commitments, Liability, to be Paid, Year Three	2,222
Lessee, Operating Lease, Liability, to be Paid, Year Four	1,249
Finance Lease, Liability, to be Paid, Year Four	302
Lessee, Operating Sublease, Payment to be Received, Year Four	0
Lessee, Net Lease Commitments, Liability, to be Paid, Year Four	1,551
Lessee, Operating Lease, Liability, to be Paid, Year Five	632
Finance Lease, Liability, to be Paid, Year Five	0
Lessee, Operating Sublease, Payment to be Received, Year Five	0
Lessee, Net Lease Commitments, Liability, to be Paid, Year Five	632
Thereafter	2
Thereafter	0
Thereafter	0
Thereafter	2
Total lease payments	10,454
Total lease payments	1,363
Total lease payments	(408)
Total lease payments	11,409
Less: Interest	(934)
Less: Interest	(119)
Less: Interest	(1,053)
Present Value of Lease Liabilities	9,520	$ 9,514
Present Value of Lease Liabilities	1,244	$ 1,521
Present Value of Lease Liabilities	$ 10,356

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Deferred Tax Assets, Tax Credit Carryforwards, Research	$ 100	$ 100
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	319	538
State net operating loss carryover and credits	140	310
Unrecognized Tax Benefits	600	600
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	300	300
Unrecognized Tax Benefits, Income Tax Penalties Accrued	100	200
Reserve for Unrecognized Tax Benefits, Including Penalties and Interest	1,000	1,100
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	600	600
Unrecognized Tax Benefits, Period Increase (Decrease)	100	100
Unrecognized Tax Benefits, Interest on Income Taxes Expense	500	(8,000)
Unrecognized Tax Benefits, Income Tax Penalties Expense	(3,000)	(10,000)
Domestic Tax Authority [Member]
Deferred Tax Assets, Operating Loss Carryforwards	200	$ 1,100
Domestic Tax Authority [Member] | JSI Store Fixtures [Member]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	900
Foreign Tax Authority [Member]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	200
Foreign Tax Authority [Member] | JSI Store Fixtures [Member]
Deferred Tax Assets, Operating Loss Carryforwards, Increase from Acquisition	300
State and Local Jurisdiction [Member] | Oregon Department of Revenue [Member]
Tax Credit Carryforward, Valuation Allowance	$ 100

Note 11 - Income Taxes - Compon

Note 11 - Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
United States	$ 31,701	$ 20,124
Foreign	1,625	(1,039)
Income before income taxes	33,326	19,085
U.S. Federal	6,327	3,586
Foreign	325	165
State and local	1,330	644
Total current	7,982	4,395
Deferred	(418)	(342)
Total provision for income taxes	$ 7,564	$ 4,053

Note 11 - Income Taxes - Reconc

Note 11 - Income Taxes - Reconciliation of Income Tax Rate (Details)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Federal statutory rate	21%	21%
State and local taxes, net of federal benefit	2.90%	3%
Foreign operations	0.60%	0%
Federal tax credits	(1.00%)	(1.00%)
Uncertain tax position activity	0%	(0.30%)
Stock-based compensation	(1.20%)	(0.30%)
Tax rate changes	(0.20%)	(1.40%)
Other	0.60%	0.20%
Effective tax rate	22.70%	21.20%

Note 11 - Income Taxes - Comp_2

Note 11 - Income Taxes - Components of Deferred Income Tax Assets and (Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Uncertain tax positions	$ 185	$ 169
Reserves against current assets	1,255	1,110
Accrued expenses	3,381	2,596
Deferred compensation	1,459	1,195
Stock-based compensation	1,680	1,421
State net operating loss carryover and credits	140	310
Lease Liability	2,397	2,667
Canadian NOL	319	538
U.S. Federal net operating loss carryover and credits	258	1,235
Deferred income tax asset before valuation allowance	11,074	11,241
Valuation allowance	(108)	(108)
Deferred income tax asset	10,966	11,133
Goodwill, acquisition costs and intangible assets	(3,749)	(3,519)
Depreciation	(1,634)	(2,205)
Right of Use Asset	(2,269)	(2,513)
Deferred income tax liability	(7,652)	(8,237)
Net deferred income tax asset	$ 3,314	$ 2,896

Note 11 - Income Taxes - Liabil

Note 11 - Income Taxes - Liability for Uncertain Tax Positions (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Balance	$ 647	$ 682
Decreases - tax positions in prior period	(134)	(117)
Increase - tax positions in current period	143	82
Balance	$ 656	$ 647

Note 12 - Supplemental Cash F_3

Note 12 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Interest	$ 3,104	$ 1,668
Income taxes	9,559	4,965
Issuance of common shares as compensation	368	300
Issuance of common shares to fund deferred compensation plan	2,017	3,610
Issuance of common shares to fund ESPP plan	$ 142	$ 0

Note 14 - Severance Costs (Deta

Note 14 - Severance Costs (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Severance costs	$ 35	$ 12
Employee Severance [Member] | Maximum [Member]
Severance costs	$ 100	$ 100

Note 14 - Severance Costs - Acc

Note 14 - Severance Costs - Accrued Severance Liability Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Balance at beginning of period	$ 0	$ 13
Accrual of expense	83	13
Payments	(78)	(26)
Balance at end of period	$ 5	$ 0

Note 15 - Summary of Quarterl_3

Note 15 - Summary of Quarterly Results (Unaudited) - Quarterly Results (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended														12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Mar. 21, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022		Dec. 31, 2021		Sep. 30, 2021		Jun. 30, 2021	[1]	Jun. 30, 2023	Jun. 30, 2022
Net Sales	$ 123,636	$ 117,470		$ 128,804	$ 127,069	$ 127,469	$ 110,111		$ 111,143		$ 106,397				$ 496,979	$ 455,120
Gross Profit	35,863	32,204		34,140	34,738	32,457	26,793		25,448		24,510				136,945	109,208
Net Income	$ 8,414	$ 4,669		$ 6,417	$ 6,262	$ 5,176	$ 3,618		$ 3,105		$ 3,133				$ 25,762	$ 15,032
Basic (in dollars per share)	$ 0.30		$ 0.16	$ 0.23	$ 0.23	$ 0.19	$ 0.13		$ 0.11		$ 0.12				$ 0.92	$ 0.55
Diluted (in dollars per share)	0.28	$ 0.16		0.22	0.22		0.13	[1]	0.11	[1]	0.11	[1]	$ 0.18		0.88	0.54	[1]
Maximum [Member]
Share prices (in dollars per share)	14.12	15.88		12.39	8.81	7.66	7.49		8.42		8.43				15.88	8.43
Share prices (in dollars per share)	14.12	15.88		12.39	8.81	7.66	7.49		8.42		8.43				15.88	8.43
Minimum [Member]
Share prices (in dollars per share)	11.59	12.17		7.10	5.70	5.53	6		6.41		7.12				5.70	5.53
Share prices (in dollars per share)	$ 11.59	$ 12.17		$ 7.10	$ 5.70	$ 5.53	$ 6		$ 6.41		$ 7.12				$ 5.70	$ 5.53
[1]The total of the earnings per share for each of the four quarters does not equal the total earnings per share for the full year because the calculations are based on the average shares outstanding during each of the individual periods. There is no difference between basic and diluted shares due to losses.

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, 2023	Jun. 30, 2022
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Balance		$ 499	$ 256
Additions Charged to Costs and Expenses		(19)	249
Additions from Company Acquired		0	0
Deductions(a)	[1]	(45)	(6)
Balance		435	499
SEC Schedule, 12-09, Reserve, Inventory [Member]
Balance		5,447	5,050
Additions Charged to Costs and Expenses		2,496	2,111
Additions from Company Acquired		0	0
Deductions(a)	[1]	(1,654)	(1,714)
Balance		6,289	5,447
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Balance		108	108
Additions Charged to Costs and Expenses		0	0
Additions from Company Acquired		0	0
Deductions(a)	[1]	0	0
Balance		$ 108	$ 108
[1]For Allowance for credit losses, deductions are uncollectible accounts charged off, less recoveries.