LSI Industries (LYTS) 10-Q 6 Feb 24 2024 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2023	Jan. 29, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	0-13375
Entity Registrant Name	LSI Industries Inc.
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-0888951
Entity Address, Address Line One	10000 Alliance Road
Entity Address, City or Town	Cincinnati
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45242
City Area Code	513
Local Phone Number	793-3200
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	LYTS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		29,070,313
Entity Central Index Key	0000763532
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Net Sales	$ 109,005	$ 128,804	$ 232,446	$ 255,873
Cost of products and services sold	77,438	94,646	163,943	186,964
Severance and restructuring costs	31	18	378	31
Gross profit	31,536	34,140	68,125	68,878
Severance and restructuring costs	4	15	10	15
Selling and administrative expenses	23,713	25,087	49,268	49,804
Operating income	7,819	9,038	18,847	19,059
Interest expense	453	1,258	1,019	2,046
Other expense	(29)	(55)	67	158
Income before income taxes	7,395	7,835	17,761	16,855
Income tax expense	1,489	1,418	3,827	4,177
Net income	$ 5,906	$ 6,417	$ 13,934	$ 12,678
Earnings per common share (see Note 4)
Basic (in dollars per share)	$ 0.2	$ 0.23	$ 0.48	$ 0.45
Diluted (in dollars per share)	$ 0.2	$ 0.22	$ 0.47	$ 0.44
Weighted average common shares outstanding
Basic (in shares)	29,024	28,078	28,890	27,874
Diluted (in shares)	30,043	29,204	29,949	28,766

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Net Income	$ 5,906	$ 6,417	$ 13,934	$ 12,678
Foreign currency translation adjustment	71	68	15	75
Comprehensive Income	$ 5,977	$ 6,485	$ 13,949	$ 12,753

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Current assets
Cash and cash equivalents	$ 2,660	$ 1,828
Accounts receivable, less allowance for credit losses of $448 and $435, respectively	72,160	77,681
Inventories	60,154	63,718
Refundable income taxes	2,033	3,120
Other current assets	4,386	3,529
Total current assets	141,393	149,876
Property, Plant and Equipment, at cost
Land	4,010	4,010
Buildings	24,543	24,561
Machinery and equipment	66,582	67,457
Buildings under finance leases	2,033	2,033
Construction in progress	2,988	1,231
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization	100,156	99,292
Less accumulated depreciation	(73,924)	(73,861)
Net property, plant and equipment	26,232	25,431
Goodwill	45,030	45,030
Other intangible assets, net	60,823	63,203
Operating lease right-of-use assets	9,931	8,921
Other long-term assets, net	4,139	3,688
Total assets	287,548	296,149
LIABILITIES & SHAREHOLDERS' EQUITY
Current maturities of long-term debt	3,571	3,571
Accounts payable	23,136	29,206
Accrued expenses	38,847	43,785
Total current liabilities	65,554	76,562
Long-term debt	17,950	31,629
Finance lease liabilities	800	960
Operating lease liabilities	6,851	5,954
Other long-term liabilities	3,459	3,466
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 28,878,038 and 28,488,570 shares, respectively	152,924	148,691
Treasury shares, without par value	8,088	7,166
Deferred compensation plan	8,088	7,166
Retained earnings	39,656	28,548
Accumulated other comprehensive income	354	339
Total shareholders' equity	192,934	177,578
Total liabilities & shareholders' equity	$ 287,548	$ 296,149

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Accounts Receivable, Allowance for Credit Loss, Current	$ 448	$ 435
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)	29,059,820	28,488,570

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock Including Additional Paid in Capital [Member]	Treasury Stock, Common [Member]	Key Executive Deferred Compensation [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at December 31, 2022	$ 139,500	$ (5,927)	$ 5,927	$ 45	$ 8,224	$ 147,769
Balance (in shares)	27,484	(822)
Balance (in shares) at Jun. 30, 2022	27,484	(822)
Balance at Jun. 30, 2022	$ 139,500	$ (5,927)	5,927	45	8,224	147,769
Net Income	0	0	0	0	6,261	6,261
Other comprehensive gain (loss)	$ 0	$ 0	0	7	0	7
Board stock compensation (in shares)	12	0
Board stock compensation	$ 75	$ 0	0	0	0	75
Restricted stock units issued, net of shares withheld for tax withholdings (in shares)	201	0
Restricted stock units issued, net of shares withheld for tax withholdings	$ (66)	$ 0	0	0	0	(66)
Shares issued for deferred compensation (in shares)	80	0
Shares issued for deferred compensation	$ 539	$ 0	0	0	0	539
Activity of treasury shares, net (in shares)	0	77
Activity of treasury shares, net	$ 0	$ 512	0	0	0	512
Deferred stock compensation	0	0	512	0	0	512
Stock-based compensation expense	$ 551	$ 0	0	0	0
Stock options exercised, net (in shares)	0	0
Stock options exercised, net	$ 0	$ 0	0	0	0	0
Dividends	$ 0	$ 0	0	0	(1,408)	(1,408)
Balance (in shares) at Sep. 30, 2022	27,777	(899)
Balance at Sep. 30, 2022	$ 140,599	$ (6,439)	6,439	52	13,077	153,728
Balance (in shares) at Jun. 30, 2022	27,484	(822)
Balance at Jun. 30, 2022	$ 139,500	$ (5,927)	5,927	45	8,224	147,769
Net Income						12,678
Balance (in shares) at Dec. 31, 2022	28,120	(957)
Balance at Dec. 31, 2022	$ 142,988	$ (6,988)	6,988	120	18,208	161,316
Balance at December 31, 2022	$ 140,599	$ (6,439)	6,439	52	13,077	153,728
Balance (in shares)	27,777	(899)
Balance (in shares) at Sep. 30, 2022	27,777	(899)
Balance at Sep. 30, 2022	$ 140,599	$ (6,439)	6,439	52	13,077	153,728
Net Income					6,417	6,417
Other comprehensive gain (loss)				68		68
Board stock compensation (in shares)	23
Board stock compensation	$ 98					98
Restricted stock units issued, net of shares withheld for tax withholdings (in shares)	71
Restricted stock units issued, net of shares withheld for tax withholdings	$ (399)					(399)
Shares issued for deferred compensation (in shares)	57
Shares issued for deferred compensation	$ 548					548
Activity of treasury shares, net (in shares)		(58)
Activity of treasury shares, net		$ (549)				(549)
Deferred stock compensation			549			549
Stock-based compensation expense	$ 864					864
Stock options exercised, net (in shares)	192
Stock options exercised, net	$ 1,278					1,278
Dividends					(1,286)	(1,286)
Balance (in shares) at Dec. 31, 2022	28,120	(957)
Balance at Dec. 31, 2022	$ 142,988	$ (6,988)	6,988	120	18,208	161,316
Balance at December 31, 2022	$ 142,988	$ (6,988)	6,988	120	18,208	161,316
Balance (in shares)	28,120	(957)
Balance at December 31, 2022	$ 148,691	$ (7,166)	7,166	339	28,548	177,578
Balance (in shares)	28,488	(922)
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
Net Income	0	0	0	0	8,028	8,028
Other comprehensive gain (loss)	$ 0	$ 0	0	(56)	0	(56)
Board stock compensation (in shares)	9	0
Board stock compensation	$ 113	$ 0	0	0	0	113
Restricted stock units issued, net of shares withheld for tax withholdings (in shares)	276	0
Restricted stock units issued, net of shares withheld for tax withholdings	$ 0	$ 0	0	0	0	0
Shares issued for deferred compensation (in shares)	32	0
Shares issued for deferred compensation	$ 437	$ 0	0	0	0	437
Activity of treasury shares, net (in shares)	0	(30)
Activity of treasury shares, net	$ 0	$ (417)	0	0	0	(417)
Deferred stock compensation	0	0	417	0	0	417
Stock-based compensation expense	$ 1,220	$ 0	0	0	0
Stock options exercised, net (in shares)	70	0
Stock options exercised, net	$ 549	$ 0	0	0	0	549
Dividends	$ 0	$ 0	0	0	(1,380)	(1,380)
ESPP Stock Awards (in shares)	3	0
ESPP Stock Awards	$ 57	$ 0	0	0	0	57
Balance (in shares) at Sep. 30, 2023	28,878	(952)
Balance at Sep. 30, 2023	$ 151,067	$ (7,583)	7,583	283	35,196	186,546
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
Net Income						13,934
Balance (in shares) at Dec. 31, 2023	29,060	(988)
Balance at Dec. 31, 2023	$ 152,924	$ (8,088)	8,088	354	39,656	192,934
Balance at December 31, 2022	$ 151,067	$ (7,583)	7,583	283	35,196	186,546
Balance (in shares)	28,878	(952)
Balance (in shares) at Sep. 30, 2023	28,878	(952)
Balance at Sep. 30, 2023	$ 151,067	$ (7,583)	7,583	283	35,196	186,546
Net Income					5,906	5,906
Other comprehensive gain (loss)				71		71
Board stock compensation (in shares)	7
Board stock compensation	$ 112					112
Restricted stock units issued, net of shares withheld for tax withholdings (in shares)	28
Restricted stock units issued, net of shares withheld for tax withholdings	$ (244)					(244)
Shares issued for deferred compensation (in shares)	36
Shares issued for deferred compensation	$ 506					506
Activity of treasury shares, net (in shares)		(36)
Activity of treasury shares, net		$ (505)				(505)
Deferred stock compensation			505			505
Stock-based compensation expense	$ 814					814
Stock options exercised, net (in shares)	107
Stock options exercised, net	$ 628					628
Dividends					(1,446)	(1,446)
ESPP Stock Awards (in shares)	4
ESPP Stock Awards	$ 41					41
Balance (in shares) at Dec. 31, 2023	29,060	(988)
Balance at Dec. 31, 2023	$ 152,924	$ (8,088)	8,088	354	39,656	192,934
Balance at December 31, 2022	$ 152,924	$ (8,088)	$ 8,088	$ 354	$ 39,656	$ 192,934
Balance (in shares)	29,060	(988)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Dividend per share (in dollars per share)	$ 0.2	$ 0.2	$ 0.2	$ 0.2
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)	$ 0.2	$ 0.2	$ 0.2	$ 0.2

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash Flows from Operating Activities
Net Income	$ 13,934	$ 12,678
Non-cash items included in net income
Depreciation and amortization	4,728	4,840
Deferred income taxes	(591)	49
Deferred compensation plan	943	1,087
ESPP Discount	98	0
Stock compensation expense	2,034	1,415
Issuance of common shares as compensation	225	173
Loss on disposition of fixed assets	141	37
Allowance for credit losses	25	(108)
Inventory obsolescence reserve	234	300
Changes in certain assets and liabilities
Accounts receivable	5,496	10,506
Inventories	3,330	916
Refundable income taxes	1,087	(284)
Accounts payable	(6,070)	(7,490)
Accrued expenses and other	(6,529)	(1,581)
Customer prepayments	783	(2,476)
Net cash flows provided by operating activities	19,868	20,062
Cash Flows from Investing Activities
Proceeds from the sale of fixed assets	26	1
Purchases of property, plant and equipment	(3,349)	(995)
Net cash flows used in investing activities	(3,323)	(994)
Cash Flows from Financing Activities
Payments of long-term debt	(96,600)	(102,152)
Borrowings of long-term debt	82,921	85,377
Cash dividends paid	(2,826)	(2,694)
Shares withheld for employees' taxes	(244)	(465)
Payments on financing lease obligations	(156)	(123)
Proceeds from stock option exercises	1,177	1,278
Net cash flows used in financing activities	(15,728)	(18,779)
Change related to foreign currency	15	14
Increase in cash and cash equivalents	832	303
Cash and cash equivalents at beginning of period	1,828	2,462
Cash and cash equivalents at end of period	$ 2,660	$ 2,765

Note 1 - Interim Condensed Cons

Note 1 - Interim Condensed Consolidated Financial Statements	6 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Condensed Financial Statements [Text Block]	NOTE 1 - INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS The interim condensed consolidated financial statements are unaudited and are prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information, and rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the interim financial statements include all normal adjustments and disclosures necessary to present fairly the Company’s financial position as of December 31, 2023, the results of its operations for the three and six-month periods ended December 31, 2023, and 2022, and its cash flows for the six-month periods ended December 31, 2023, and 2022. These statements should be read in conjunction with the financial statements and footnotes included in the fiscal 2023 Annual Report on Form 10-K. Financial information as of June 30, 2023, has been derived from the Company’s audited consolidated financial statements.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Consolidation: A summary of the Company’s significant accounting policies is included in Note 1 to the audited consolidated financial statements of the Company’s fiscal 2023 Annual Report on Form 10-K. Revenue Recognition: The Company recognizes revenue when it satisfies the performance obligation in its customer contracts or purchase orders. Most of the Company’s products have a single performance obligation which is satisfied at a point in time when control is transferred to the customer. Control is generally transferred at time of shipment when title and risk of ownership passes to the customer. For customer contracts with multiple performance obligations, the Company allocates the transaction price and any discounts to each performance obligation based on relative standalone selling prices. Payment terms are typically within 30 to 90 days from the shipping date, depending on the terms with the customer. The Company offers standard warranties that do not represent separate performance obligations. Installation is a separate performance obligation, except for the Company’s digital signage products. For digital signage products, installation is not a separate performance obligation as the product and installation is the combined item promised in digital signage contracts. The Company is not always responsible for installation of products it sells and has no post-installation responsibilities other than standard warranties. A number of the Company's display solutions and select lighting products are customized for specific customers. As a result, these customized products do not have an alternative use. For these products, the Company has a legal right to payment for performance to date and generally does not accept returns on these items. The measurement of performance is based upon cost plus a reasonable profit margin for work completed. Because there is no alternative use and there is a legal right to payment, the Company transfers control of the item as the item is being produced and therefore, recognizes revenue over time. The customized product types are as follows: ● Customer specific branded print graphics ● Electrical components based on customer specifications ● Digital signage and related media content The Company also offers installation services for its display solutions elements and select lighting products. Installation revenue is recognized over time as the customer simultaneously receives and consumes the benefits provided through the installation process. For these customized products and installation services, revenue is recognized using a cost-based input method: recognizing revenue and gross profit as work is performed based on the relationship between the actual cost incurred and the total estimated cost for the performance obligation. On occasion, the Company enters into bill-and-hold arrangements on a limited basis. Each bill-and-hold arrangement is reviewed and revenue is recognized only when certain criteria have been met: (1) the customer has requested delayed delivery and storage of the products by the Company because the customer wants to secure a supply of the products but lacks storage space; (ii) the risk of ownership has passed to the customer; (iii) the products are segregated from the Company’s other inventory items held for sale; (iv) the products are ready for shipment to the customer; and (v) the Company does not have the ability to use the products or direct them to another customer. Disaggregation of Revenue The Company disaggregates the revenue from contracts with customers by the timing of revenue recognition because the Company believes it best depicts the nature, amount, and timing of its revenue and cash flows. The table below presents a reconciliation of the disaggregation by reportable segments: Three Months Ended (In thousands) December 31, 2023 December 31, 2022 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 54,619 $ 29,268 $ 58,591 $ 47,027 Products and services transferred over time 10,176 14,942 8,242 14,944 $ 64,795 $ 44,210 $ 66,833 $ 61,971 Six Months Ended December 31, 2023 December 31, 2022 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 112,271 $ 69,256 $ 116,668 $ 94,516 Products and services transferred over time 20,165 30,754 17,698 26,991 $ 132,436 $ 100,010 $ 134,366 $ 121,507 Three Months Ended December 31, 2023 December 31, 2022 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 53,116 $ 8,791 $ 54,410 $ 5,801 Poles, other display solution elements 10,968 24,829 11,632 41,683 Project management, installation services, shipping and handling 711 10,590 791 14,487 $ 64,795 $ 44,210 $ 66,833 $ 61,971 Six Months Ended December 31, 2023 December 31, 2022 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 108,607 $ 17,724 $ 109,945 $ 12,976 Poles, other display solution elements 22,351 59,698 22,761 83,154 Project management, installation services, shipping and handling 1,478 22,588 1,660 25,377 $ 132,436 $ 100,010 $ 134,366 $ 121,507 Practical Expedients and Exemptions ● The Company’s contracts with customers have an expected duration of one year or less, as such, the Company applies the practical expedient to expense sales commissions as incurred and has omitted disclosures on the amount of remaining performance obligations. ● Shipping costs that are not material in context of the delivery of products are expensed as incurred. ● The Company’s accounts receivable balance represents the Company’s unconditional right to receive payment from its customers with contracts. Payments are generally due within 30 to 90 days of completion of the performance obligation and invoicing; therefore, payments do not contain significant financing components. ● The Company collects sales tax and other taxes concurrent with revenue-producing activities which are excluded from revenue. Shipping and handling costs are treated as fulfillment activities and included in cost of products and services sold on the Consolidated Statements of Operations. New Accounting Pronouncements: In October 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers,” creating an exception to the recognition and measurement principles in ASC 805. The amendment requires that entities apply ASC 606, “Revenue from Contracts with Customers,” rather than using fair value, to recognize and measure contracts assets and contract liabilities from contracts with customers acquired in a business combination. The ASU is effective for fiscal years beginning after December 15, 2022, and interim periods therein. Early adoption is permitted, including adoption in an interim period, regardless of whether a business combination occurs in that period. The guidance should be applied prospectively; however, an entity that elects to early adopt in an interim period should apply the amendments to all business combinations that occurred during the fiscal year that includes that interim period. There has not been a material impact on the Company’s consolidated financial statements and related disclosures as a result of its adoption of the guidance on July 1, 2023.

Note 3 - Segment Reporting Info

Note 3 - Segment Reporting Information	6 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 3 - SEGMENT REPORTING INFORMATION The accounting guidance on Segment Reporting establishes standards for reporting information regarding operating segments in annual financial statements and requires selected information of those segments to be presented in financial statements. Operating segments are identified as components of an enterprise for which separate discrete financial information is available for evaluation by the chief operating decision maker (the Company’s Chief Executive Officer or “CODM”) in making decisions on how to allocate resources and assess performance. The Company’s two The Lighting Segment includes non-residential outdoor and indoor lighting fixtures utilizing LED light sources that have been fabricated and assembled for the Company’s markets, primarily the refueling and convenience store markets, parking lot and garage markets, quick-service restaurant market, retail and grocery store markets, the automotive market, the warehouse market, and the sports court and field market. The Company also 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 Summarized financial information for the Company’s operating segments is provided for the indicated periods and as of December 31, 2023, and December 31, 2022: Three Months Ended Six Months Ended (In thousands) December 31 December 31 2023 2022 2023 2022 Net Sales: Lighting Segment $ 64,795 $ 66,833 $ 132,436 $ 134,366 Display Solutions Segment 44,210 61,971 100,010 121,507 $ 109,005 $ 128,804 $ 232,446 $ 255,873 Operating Income (Loss): Lighting Segment $ 8,856 $ 6,754 $ 17,609 $ 15,912 Display Solutions Segment 3,302 7,762 10,521 14,258 Corporate and Eliminations (4,339 ) (5,478 ) (9,283 ) (11,111 ) $ 7,819 $ 9,038 $ 18,847 $ 19,059 Capital Expenditures: Lighting Segment $ 1,151 $ 74 $ 2,013 $ 323 Display Solutions Segment 529 539 1,048 700 Corporate and Eliminations 276 (52 ) 288 (28 ) $ 1,956 $ 561 $ 3,349 $ 995 Depreciation and Amortization: Lighting Segment $ 1,293 $ 1,382 $ 2,602 $ 2,769 Display Solutions Segment 989 975 1,965 1,949 Corporate and Eliminations 75 62 161 122 $ 2,357 $ 2,419 $ 4,728 $ 4,840 December 31, June 30, Total Assets: Lighting Segment $ 135,689 $ 142,941 Display Solutions Segment 141,782 145,307 Corporate and Eliminations 10,077 7,901 $ 287,548 $ 296,149 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 inter-segment revenues. Any inter-segment profit in inventory is eliminated in consolidation. Inter-segment revenues were eliminated in consolidation as follows: Inter-segment sales Three Months Ended Six Months Ended (In thousands) December 31 December 31 2023 2022 2023 2022 Lighting Segment inter-segment net sales $ 5,286 $ 5,067 $ 12,150 $ 11,210 Display Solutions Segment inter-segment net sales $ (15 ) $ 30 $ 440 $ 36

Note 4 - Earnings Per Common Sh

Note 4 - Earnings Per Common Share	6 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 4 - EARNINGS PER COMMON SHARE The following table presents the amounts used to compute basic and diluted earnings per common share, as well as the effect of dilutive potential common shares on weighted average shares outstanding (in thousands, except per share data): Three Months Ended Six Months Ended December 31 December 31 2023 2022 2023 2022 BASIC EARNINGS PER SHARE Net income $ 5,906 $ 6,417 $ 13,934 $ 12,678 Weighted average shares outstanding during the period, net of treasury shares 27,979 27,005 27,858 26,890 Weighted average vested restricted stock units outstanding 76 117 78 81 Weighted average shares outstanding in the Deferred Compensation Plan during the period 969 956 954 903 Weighted average shares outstanding 29,024 28,078 28,890 27,874 Basic earnings per common share $ 0.20 $ 0.23 $ 0.48 $ 0.45 DILUTED EARNINGS PER SHARE Net income $ 5,906 $ 6,417 $ 13,934 $ 12,678 Weighted average shares outstanding: Basic 29,024 28,078 28,890 27,874 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 1,019 1,126 1,059 892 Weighted average shares outstanding 30,043 29,204 29,949 28,766 Diluted earnings per common share $ 0.20 $ 0.22 $ 0.47 $ 0.44 Anti-dilutive securities (b) - 85 - 452 (a) Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period. (b) Anti-dilutive securities were excluded from the computation of diluted net income per share for the three and six months ended December 31, 2023, and December 31, 2022, because the exercise price was greater than the average fair market price of the common shares or because the assumed proceeds from the award’s exercise or vesting was greater than the average fair market price of the common shares.

Note 5 - Inventories, Net

Note 5 - Inventories, Net	6 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 5 INVENTORIES, NET The following information is provided as of the dates indicated: December 31, June 30, (In thousands) 2023 2023 Inventories: Raw materials $ 44,225 $ 47,689 Work-in-progress 3,726 3,373 Finished goods 12,203 12,656 Total Inventories $ 60,154 $ 63,718

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	6 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE 6 - ACCRUED EXPENSES The following information is provided as of the dates indicated: December 31, June 30, (In thousands) 2023 2023 Accrued Expenses: Customer prepayments $ 6,209 $ 5,425 Compensation and benefits 8,570 13,116 Accrued warranty 6,244 6,501 Operating lease liabilities 3,752 3,566 Accrued sales commissions 4,183 5,082 Accrued Freight 3,291 3,821 Accrued FICA 483 546 Finance lease liabilities 307 284 Other accrued expenses 5,808 5,444 Total Accrued Expenses $ 38,847 $ 43,785

Note 7 - Goodwill and Other Int

Note 7 - Goodwill and Other Intangible Assets	6 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 7 - GOODWILL AND OTHER INTANGIBLE ASSETS The carrying values of goodwill and other intangible assets with indefinite lives are reviewed at least annually for possible impairment. The Company may first assess qualitative factors in order to determine if goodwill and indefinite-lived intangible assets are impaired. If through the qualitative assessment it is determined that it is more likely than not that goodwill and indefinite-lived assets are not impaired, no further testing is required. If it is determined more likely than not that goodwill and indefinite-lived assets are impaired, or if the Company elects not to first assess qualitative factors, the Company’s impairment testing continues with the estimation of the fair value of the reporting unit using a combination of a market approach and an income (discounted cash flow) approach, at the reporting unit level. The estimation of the fair value of reporting unit requires significant management judgment with respect to revenue and expense growth rates, changes in working capital and the selection and use of an appropriate discount rate. The estimates of the fair value of reporting units are based on the best information available as of the date of the assessment. The use of different assumptions would increase or decrease estimated discounted future operating cash flows and could increase or decrease an impairment charge. Company management uses its judgment in assessing whether assets may have become impaired between annual impairment tests. Indicators such as adverse business conditions, economic factors and technological change or competitive activities may signal that an asset has become impaired. The Company identified its reporting units in conjunction with its annual goodwill impairment testing. The Company has a total of three One two The following table presents information about the Company's goodwill on the dates or for the periods indicated: Goodwill Display (In thousands) Lighting Solutions Segment Segment Total Balance as of December 31, 2023 Goodwill $ 70,971 $ 63,347 $ 134,318 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of December 31, 2023 $ 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 The gross carrying amount and accumulated amortization by each major intangible asset class is as follows: Other Intangible Assets December 31, 2023 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 19,525 $ 42,558 Patents 268 268 - LED technology firmware, software 20,966 16,374 4,592 Trade name 2,658 1,211 1,447 Non-compete 260 136 124 Total Amortized Intangible Assets 86,235 37,514 48,721 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 $ 37,514 $ 60,823 Other Intangible Assets June 30, 2023 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 17,817 $ 44,266 Patents 268 268 - LED technology firmware, 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 Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2023 2022 2023 2022 Amortization Expense of Other Intangible Assets $ 1,190 $ 1,190 $ 2,380 $ 2,380 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 8 - Debt

Note 8 - Debt	6 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 8 - DEBT The Company’s long-term debt as of December 31, 2023, and June 30, 2023, consisted of the following: December 31, June 30, (In thousands) 2023 2023 Secured line of credit $ 4,276 $ 18,729 Term loan, net of debt issuance costs of $16 and $26, respectively 17,245 16,471 Total debt $ 21,521 $ 35,200 Less: amounts due within one year 3,571 3,571 Total amounts due after one year, net $ 17,950 $ 31,629 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 The Company is in compliance with all of its loan covenants as of December 31, 2023.

Note 9 - Cash Dividends

Note 9 - Cash Dividends	6 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Equity [Text Block]	NOTE 9 - CASH DIVIDENDS The Company paid cash dividends of $2.8 million and $2.7 million in the six months ended December 31, 2023, and December 31, 2022, respectively. In January 2024, the Board of Directors declared a regular quarterly cash dividend of $0.05 per share payable February 13 5

Note 10 - Equity Compensation

Note 10 - Equity Compensation	6 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	NOTE 10 EQUITY COMPENSATION In November 2022, the Company’s shareholders approved the amendment and restatement of the 2019 Omnibus Award Plan (“2019 Omnibus Plan”) which increased the number of shares authorized for issuance under the plan by 2,350,000 and removed the Plan’s fungible share counting feature. The purpose of the 2019 Omnibus Plan is to provide a means to attract and retain key personnel and to align the interests of the directors, officers, and employees with the Company’s shareholders. The plan also provides a vehicle whereby directors and officers may acquire shares in order to meet the ownership requirements under the Company’s Stock Ownership Policy. The 2019 Omnibus Plan allows for the grant of stock options, stock appreciation rights, restricted stock awards, restricted stock units RSUs, performance stock units (“PSUs”) and other awards. Except for Restricted Stock Unit (“RSU”) grants which are time-based, participants in the Company’s Long-Term Equity Compensation Plans are awarded the opportunity to acquire shares over a three-year In the first half of fiscal 2024, the Company granted 175,251 PSUs and 116,834 RSUs, both with a weighted average market value of $12.76. Stock compensation expense was $0.7 million and $0.8 million for the three months ended December 31, 2023, and 2022, respectively, and $2.0 million and $1.4 million in the six months ended December 31, 2023, and 2022, respectively. 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 the first half of fiscal year 2024, employees purchased 7,000 shares. At December 31, 2023, 249,000 shares remained available for purchase under the ESPP.

Note 11 - Supplemental Cash Flo

Note 11 - Supplemental Cash Flow Information	6 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 11 - SUPPLEMENTAL CASH FLOW INFORMATION Six Months Ended (In thousands) December 31 2023 2022 Cash Payments: Interest $ 1,006 $ 1,689 Income taxes $ 3,375 $ 4,299 Non-cash investing and financing activities Issuance of common shares as compensation $ 225 $ 173 Issuance of common shares to fund deferred compensation plan $ 943 $ 1,087 Issuance of common shares to fund ESPP plan $ 98 $ -

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	6 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 12 - COMMITMENTS AND CONTINGENCIES The Company is party to various negotiations, customer bankruptcies, and legal proceedings arising in the normal course of business. The Company provides reserves for these matters when a loss is probable and reasonably estimable. The Company does not disclose a range of potential loss because the likelihood of such a loss is remote. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company’s financial position, results of operations, cash flows or liquidity. The Company may occasionally issue a standby letter of credit in favor of third parties. As of December 31, 2023, there were no such standby letters of credit issued.

Note 13 - Leases

Note 13 - Leases	6 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Lessee, Leases [Text Block]	NOTE 13 - LEASES The Company leases certain manufacturing facilities along with a small office space, several forklifts, several small tooling items, and various items of office equipment. The Company also acquired buildings, machinery, and forklift leases with the acquisition of JSI, as well as one sublease. All but two of the Company’s leases are operating leases. Leases have a remaining term of one seven The Company has periodically entered into short-term operating leases with an initial term of twelve months or less. The Company elected not to record these leases on the balance sheet. For the three and six months ended December 31, 2023, and 2022, the rent expense for these leases is immaterial. The Company has certain leases that contain lease and non-lease components and has elected to utilize the practical expedient to account for these components together as a single lease component. Lease expense is recognized on a straight-line basis over the lease term. The Company used its incremental borrowing rate when determining the present value of lease payments. Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2023 2022 2023 2022 Operating lease cost $ 993 $ 885 $ 1,900 $ 1,776 Financing lease cost: Amortization of right of use assets 73 74 146 148 Interest on lease liabilities 14 17 28 35 Variable lease cost 22 22 44 44 Sublease income (116 ) (116 ) (232 ) (232 ) Total lease cost $ 986 $ 882 $ 1,886 $ 1,771 Supplemental Cash Flow Information: Six Months Ended December 31 (In thousands) 2023 2022 Cash flows from operating leases Fixed payments - operating cash flows $ 1,778 $ 1,832 Liability reduction - operating cash flows $ 1,537 $ 1,618 Cash flows from finance leases Interest - operating cash flows $ 28 $ 35 Repayments of principal portion - financing cash flows $ 156 $ 123 Operating Leases: December 31, June 30, 2023 2023 Total operating right-of-use assets $ 9,931 $ 8,921 Accrued expenses (Current liabilities) $ 3,752 $ 3,566 Long-term operating lease liability 6,851 5,954 Total operating lease liabilities $ 10,603 $ 9,520 Weighted Average remaining Lease Term (in years) 3.89 3.31 Weighted Average Discount Rate 5.33 % 5.44 % Finance Leases: December 31, June 30, 2023 2023 Buildings under finance leases $ 2,033 $ 2,033 Equipment under finance leases 41 34 Accumulated depreciation (1,086 ) (929 ) Total finance lease assets, net $ 1,060 $ 1,138 Accrued expenses (Current liabilities) $ 307 $ 284 Long-term finance lease liability 800 960 Total finance lease liabilities $ 1,107 $ 1,244 Weighted Average remaining Lease Term (in years) 3.33 3.83 Weighted Average Discount Rate 4.86 % 4.86 % Maturities of Lease Liability: Operating Lease Liabilities Finance Lease Liabilities Operating Subleases Net Lease Commitments 2024 $ 3,752 $ 307 $ (189 ) $ 3,870 2025 3,026 362 (31 ) 3,357 2026 1,929 362 - 2,291 2027 1,463 195 - 1,658 2028 649 - - 649 Thereafter 1,131 - - 1,131 Total lease payments $ 11,950 $ 1,226 $ (220 ) $ 12,956 Less: Interest (1,347 ) (119 ) (1,466 ) Present Value of Lease Liabilities $ 10,603 $ 1,107 $ 11,490

Note 14 - Income Taxes

Note 14 - Income Taxes	6 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 14 INCOME TAXES The Company's effective income tax rate is based on expected income, statutory rates, and tax planning opportunities available in the various jurisdictions in which it operates. For interim financial reporting, the Company estimates the annual income tax rate based on projected taxable income for the full year and records a quarterly income tax provision or benefit in accordance with the anticipated annual rate. The Company refines the estimates of the year's taxable income as new information becomes available, including actual year-to-date financial results. This continual estimation process often results in a change to the expected effective income tax rate for the year. When this occurs, the Company adjusts the income tax provision during the quarter in which the change in estimate occurs so that the year-to-date provision reflects the expected income tax rate. Significant judgment is required in determining the effective tax rate and in evaluating tax positions. Three Months Ended Six Months Ended December 31 December 31 2023 2022 2023 2022 Reconciliation of effective tax rate: Provision for income taxes at the anticipated annual tax rate 25.6 % 21.5 % 26.3 % 24.0 % Uncertain tax positions (2.8 ) (1.2 ) (0.6 ) - Deferred Income Tax Adjustment - (1.9 ) - - Share-based compensation (2.7 ) (0.3 ) (4.2 ) 0.8 Effective tax rate 20.1 % 18.1 % 21.5 % 24.8 %

Insider Trading Arrangement

Insider Trading Arrangement	6 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Material Terms of Trading Arrangement [Text Block]	ITEM 5. OTHER INFORMATION None

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Dec. 31, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended (In thousands) December 31, 2023 December 31, 2022 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 54,619 $ 29,268 $ 58,591 $ 47,027 Products and services transferred over time 10,176 14,942 8,242 14,944 $ 64,795 $ 44,210 $ 66,833 $ 61,971 Six Months Ended December 31, 2023 December 31, 2022 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 112,271 $ 69,256 $ 116,668 $ 94,516 Products and services transferred over time 20,165 30,754 17,698 26,991 $ 132,436 $ 100,010 $ 134,366 $ 121,507 Three Months Ended December 31, 2023 December 31, 2022 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 53,116 $ 8,791 $ 54,410 $ 5,801 Poles, other display solution elements 10,968 24,829 11,632 41,683 Project management, installation services, shipping and handling 711 10,590 791 14,487 $ 64,795 $ 44,210 $ 66,833 $ 61,971 Six Months Ended December 31, 2023 December 31, 2022 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 108,607 $ 17,724 $ 109,945 $ 12,976 Poles, other display solution elements 22,351 59,698 22,761 83,154 Project management, installation services, shipping and handling 1,478 22,588 1,660 25,377 $ 132,436 $ 100,010 $ 134,366 $ 121,507

Note 3 - Segment Reporting In_2

Note 3 - Segment Reporting Information (Tables)	6 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Six Months Ended (In thousands) December 31 December 31 2023 2022 2023 2022 Net Sales: Lighting Segment $ 64,795 $ 66,833 $ 132,436 $ 134,366 Display Solutions Segment 44,210 61,971 100,010 121,507 $ 109,005 $ 128,804 $ 232,446 $ 255,873 Operating Income (Loss): Lighting Segment $ 8,856 $ 6,754 $ 17,609 $ 15,912 Display Solutions Segment 3,302 7,762 10,521 14,258 Corporate and Eliminations (4,339 ) (5,478 ) (9,283 ) (11,111 ) $ 7,819 $ 9,038 $ 18,847 $ 19,059 Capital Expenditures: Lighting Segment $ 1,151 $ 74 $ 2,013 $ 323 Display Solutions Segment 529 539 1,048 700 Corporate and Eliminations 276 (52 ) 288 (28 ) $ 1,956 $ 561 $ 3,349 $ 995 Depreciation and Amortization: Lighting Segment $ 1,293 $ 1,382 $ 2,602 $ 2,769 Display Solutions Segment 989 975 1,965 1,949 Corporate and Eliminations 75 62 161 122 $ 2,357 $ 2,419 $ 4,728 $ 4,840
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, June 30, Total Assets: Lighting Segment $ 135,689 $ 142,941 Display Solutions Segment 141,782 145,307 Corporate and Eliminations 10,077 7,901 $ 287,548 $ 296,149
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Inter-segment sales Three Months Ended Six Months Ended (In thousands) December 31 December 31 2023 2022 2023 2022 Lighting Segment inter-segment net sales $ 5,286 $ 5,067 $ 12,150 $ 11,210 Display Solutions Segment inter-segment net sales $ (15 ) $ 30 $ 440 $ 36

Note 4 - Earnings Per Common _2

Note 4 - Earnings Per Common Share (Tables)	6 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 2023 2022 2023 2022 BASIC EARNINGS PER SHARE Net income $ 5,906 $ 6,417 $ 13,934 $ 12,678 Weighted average shares outstanding during the period, net of treasury shares 27,979 27,005 27,858 26,890 Weighted average vested restricted stock units outstanding 76 117 78 81 Weighted average shares outstanding in the Deferred Compensation Plan during the period 969 956 954 903 Weighted average shares outstanding 29,024 28,078 28,890 27,874 Basic earnings per common share $ 0.20 $ 0.23 $ 0.48 $ 0.45 DILUTED EARNINGS PER SHARE Net income $ 5,906 $ 6,417 $ 13,934 $ 12,678 Weighted average shares outstanding: Basic 29,024 28,078 28,890 27,874 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 1,019 1,126 1,059 892 Weighted average shares outstanding 30,043 29,204 29,949 28,766 Diluted earnings per common share $ 0.20 $ 0.22 $ 0.47 $ 0.44 Anti-dilutive securities (b) - 85 - 452

Note 5 - Inventories, Net (Tabl

Note 5 - Inventories, Net (Tables)	6 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, June 30, (In thousands) 2023 2023 Inventories: Raw materials $ 44,225 $ 47,689 Work-in-progress 3,726 3,373 Finished goods 12,203 12,656 Total Inventories $ 60,154 $ 63,718

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	6 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	December 31, June 30, (In thousands) 2023 2023 Accrued Expenses: Customer prepayments $ 6,209 $ 5,425 Compensation and benefits 8,570 13,116 Accrued warranty 6,244 6,501 Operating lease liabilities 3,752 3,566 Accrued sales commissions 4,183 5,082 Accrued Freight 3,291 3,821 Accrued FICA 483 546 Finance lease liabilities 307 284 Other accrued expenses 5,808 5,444 Total Accrued Expenses $ 38,847 $ 43,785

Note 7 - Goodwill and Other I_2

Note 7 - Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Goodwill [Table Text Block]	Goodwill Display (In thousands) Lighting Solutions Segment Segment Total Balance as of December 31, 2023 Goodwill $ 70,971 $ 63,347 $ 134,318 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of December 31, 2023 $ 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]	Other Intangible Assets December 31, 2023 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 19,525 $ 42,558 Patents 268 268 - LED technology firmware, software 20,966 16,374 4,592 Trade name 2,658 1,211 1,447 Non-compete 260 136 124 Total Amortized Intangible Assets 86,235 37,514 48,721 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 $ 37,514 $ 60,823 Other Intangible Assets June 30, 2023 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 17,817 $ 44,266 Patents 268 268 - LED technology firmware, 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
Finite-Lived Intangible Assets Amortization Expense [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2023 2022 2023 2022 Amortization Expense of Other Intangible Assets $ 1,190 $ 1,190 $ 2,380 $ 2,380
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 8 - Debt (Tables)

Note 8 - Debt (Tables)	6 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Debt [Table Text Block]	December 31, June 30, (In thousands) 2023 2023 Secured line of credit $ 4,276 $ 18,729 Term loan, net of debt issuance costs of $16 and $26, respectively 17,245 16,471 Total debt $ 21,521 $ 35,200 Less: amounts due within one year 3,571 3,571 Total amounts due after one year, net $ 17,950 $ 31,629

Note 11 - Supplemental Cash F_2

Note 11 - Supplemental Cash Flow Information (Tables)	6 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Six Months Ended (In thousands) December 31 2023 2022 Cash Payments: Interest $ 1,006 $ 1,689 Income taxes $ 3,375 $ 4,299 Non-cash investing and financing activities Issuance of common shares as compensation $ 225 $ 173 Issuance of common shares to fund deferred compensation plan $ 943 $ 1,087 Issuance of common shares to fund ESPP plan $ 98 $ -

Note 13 - Leases (Tables)

Note 13 - Leases (Tables)	6 Months Ended
	Dec. 31, 2023
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2023 2022 2023 2022 Operating lease cost $ 993 $ 885 $ 1,900 $ 1,776 Financing lease cost: Amortization of right of use assets 73 74 146 148 Interest on lease liabilities 14 17 28 35 Variable lease cost 22 22 44 44 Sublease income (116 ) (116 ) (232 ) (232 ) Total lease cost $ 986 $ 882 $ 1,886 $ 1,771 Supplemental Cash Flow Information: Six Months Ended December 31 (In thousands) 2023 2022 Cash flows from operating leases Fixed payments - operating cash flows $ 1,778 $ 1,832 Liability reduction - operating cash flows $ 1,537 $ 1,618 Cash flows from finance leases Interest - operating cash flows $ 28 $ 35 Repayments of principal portion - financing cash flows $ 156 $ 123 Operating Leases: December 31, June 30, 2023 2023 Total operating right-of-use assets $ 9,931 $ 8,921 Accrued expenses (Current liabilities) $ 3,752 $ 3,566 Long-term operating lease liability 6,851 5,954 Total operating lease liabilities $ 10,603 $ 9,520 Weighted Average remaining Lease Term (in years) 3.89 3.31 Weighted Average Discount Rate 5.33 % 5.44 % Finance Leases: December 31, June 30, 2023 2023 Buildings under finance leases $ 2,033 $ 2,033 Equipment under finance leases 41 34 Accumulated depreciation (1,086 ) (929 ) Total finance lease assets, net $ 1,060 $ 1,138 Accrued expenses (Current liabilities) $ 307 $ 284 Long-term finance lease liability 800 960 Total finance lease liabilities $ 1,107 $ 1,244 Weighted Average remaining Lease Term (in years) 3.33 3.83 Weighted Average Discount Rate 4.86 % 4.86 %
Lessee, Leases, Liability, Maturity [Table Text Block]	Maturities of Lease Liability: Operating Lease Liabilities Finance Lease Liabilities Operating Subleases Net Lease Commitments 2024 $ 3,752 $ 307 $ (189 ) $ 3,870 2025 3,026 362 (31 ) 3,357 2026 1,929 362 - 2,291 2027 1,463 195 - 1,658 2028 649 - - 649 Thereafter 1,131 - - 1,131 Total lease payments $ 11,950 $ 1,226 $ (220 ) $ 12,956 Less: Interest (1,347 ) (119 ) (1,466 ) Present Value of Lease Liabilities $ 10,603 $ 1,107 $ 11,490

Note 14 - Income Taxes (Tables)

Note 14 - Income Taxes (Tables)	6 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 2023 2022 2023 2022 Reconciliation of effective tax rate: Provision for income taxes at the anticipated annual tax rate 25.6 % 21.5 % 26.3 % 24.0 % Uncertain tax positions (2.8 ) (1.2 ) (0.6 ) - Deferred Income Tax Adjustment - (1.9 ) - - Share-based compensation (2.7 ) (0.3 ) (4.2 ) 0.8 Effective tax rate 20.1 % 18.1 % 21.5 % 24.8 %

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Net Sales	$ 109,005	$ 128,804	$ 232,446	$ 255,873
Lighting Segment [Member]
Net Sales	64,795	66,833	132,436	134,366
Lighting Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Net Sales	53,116	54,410	108,607	109,945
Lighting Segment [Member] | Poles, Other Display Solution Elements [Member]
Net Sales	10,968	11,632	22,351	22,761
Lighting Segment [Member] | Project Management, Installation Services, Shipping and Handling [Member]
Net Sales	711	791	1,478	1,660
Display Solutions Segment [Member]
Net Sales	44,210	61,971	100,010	121,507
Display Solutions Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Net Sales	8,791	5,801	17,724	12,976
Display Solutions Segment [Member] | Poles, Other Display Solution Elements [Member]
Net Sales	24,829	41,683	59,698	83,154
Display Solutions Segment [Member] | Project Management, Installation Services, Shipping and Handling [Member]
Net Sales	10,590	14,487	22,588	25,377
Transferred at Point in Time [Member] | Lighting Segment [Member]
Net Sales	54,619	58,591	112,271	116,668
Transferred at Point in Time [Member] | Display Solutions Segment [Member]
Net Sales	29,268	47,027	69,256	94,516
Transferred over Time [Member] | Lighting Segment [Member]
Net Sales	10,176	8,242	20,165	17,698
Transferred over Time [Member] | Display Solutions Segment [Member]
Net Sales	$ 14,942	$ 14,944	$ 30,754	$ 26,991

Note 3 - Segment Reporting In_3

Note 3 - Segment Reporting Information (Details Textual)	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Number of Operating Segments	2
Intersegment Revenue Markup Percentage	10%
Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Number of Major Customers	0	0

Note 3 - Segment Reporting In_4

Note 3 - Segment Reporting Information - Summarized Financial Information by Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Net Sales	$ 109,005	$ 128,804	$ 232,446	$ 255,873
Operating Income (Loss)	7,819	9,038	18,847	19,059
Capital Expenditures	1,956	561	3,349	995
Depreciation and amortization	2,357	2,419	4,728	4,840
Corporate and Eliminations [Member]
Operating Income (Loss)	(4,339)	(5,478)	(9,283)	(11,111)
Capital Expenditures	276	(52)	288	(28)
Depreciation and amortization	75	62	161	122
Lighting Segment [Member]
Net Sales	64,795	66,833	132,436	134,366
Lighting Segment [Member] | Operating Segments [Member]
Operating Income (Loss)	8,856	6,754	17,609	15,912
Capital Expenditures	1,151	74	2,013	323
Depreciation and amortization	1,293	1,382	2,602	2,769
Display Solutions Segment [Member]
Net Sales	44,210	61,971	100,010	121,507
Display Solutions Segment [Member] | Operating Segments [Member]
Operating Income (Loss)	3,302	7,762	10,521	14,258
Capital Expenditures	529	539	1,048	700
Depreciation and amortization	$ 989	$ 975	$ 1,965	$ 1,949

Note 3 - Segment Reporting In_5

Note 3 - Segment Reporting Information - Identifiable Assets by Segment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Total Assets	$ 287,548	$ 296,149
Corporate and Eliminations [Member]
Total Assets	10,077	7,901
Lighting Segment [Member] | Operating Segments [Member]
Total Assets	135,689	142,941
Display Solutions Segment [Member] | Operating Segments [Member]
Total Assets	$ 141,782	$ 145,307

Note 3 - Segment Reporting In_6

Note 3 - Segment Reporting Information - Intersegment Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Net sales	$ 109,005	$ 128,804	$ 232,446	$ 255,873
Lighting Segment [Member]
Net sales	64,795	66,833	132,436	134,366
Display Solutions Segment [Member]
Net sales	44,210	61,971	100,010	121,507
Intersegment Eliminations [Member] | Lighting Segment [Member]
Net sales	5,286	5,067	12,150	11,210
Intersegment Eliminations [Member] | Display Solutions Segment [Member]
Net sales	$ (15)	$ 30	$ 440	$ 36

Note 4 - Earnings per Common _3

Note 4 - Earnings per Common Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended				6 Months Ended
		Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022
Net Income		$ 5,906	$ 8,028	$ 6,417	$ 6,261	$ 13,934	$ 12,678
Weighted average shares outstanding during the period, net of treasury shares (in shares)		27,979		27,005		27,858	26,890
Weighted average vested restricted stock units outstanding (in shares)		969		956		954	903
Weighted average shares outstanding (in shares)		29,024		28,078		28,890	27,874
Basic earnings per common share (in dollars per share)		$ 0.2		$ 0.23		$ 0.48	$ 0.45
Basic (in shares)		29,024		28,078		28,890	27,874
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any (in shares)	[1]	1,019		1,126		1,059	892
Weighted average shares outstanding (in shares)		30,043		29,204		29,949	28,766
Diluted earnings per common share (in dollars per share)		$ 0.2		$ 0.22		$ 0.47	$ 0.44
Anti-dilutive securities (b) (in shares)		0		85		0	452
Restricted Stock Units (RSUs) [Member]
Weighted average vested restricted stock units outstanding (in shares)		76		117		78	81
[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.

Note 5 - Inventories, Net - Inv

Note 5 - Inventories, Net - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Raw materials	$ 44,225	$ 47,689
Work-in-progress	3,726	3,373
Finished goods	12,203	12,656
Total Inventories	$ 60,154	$ 63,718

Note 6 - Accrued Expenses - Acc

Note 6 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Customer prepayments	$ 6,209	$ 5,425
Compensation and benefits	8,570	13,116
Accrued warranty	6,244	6,501
Accrued sales commissions	4,183	5,082
Accrued freight	3,291	3,821
Accrued FICA	483	546
Finance lease liabilities	307	284
Other accrued expenses	5,808	5,444
Total Accrued Expenses	38,847	43,785
Accrued Expenses [Member]
Operating lease liabilities	$ 3,752	$ 3,566

Note 7 - Goodwill and Other I_3

Note 7 - Goodwill and Other Intangible Assets (Details Textual)	6 Months Ended
	Dec. 31, 2023
Number of Reporting Units	3
Lighting Segment [Member]
Number of Reporting Units	1
Display Solutions Segment [Member]
Number of Reporting Units	2

Note 7 - Goodwill and Other I_4

Note 7 - Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Goodwill	$ 134,318	$ 134,318
Accumulated impairment losses	(89,288)	(89,288)
Goodwill, net	45,030	45,030
Lighting Segment [Member]
Goodwill	70,971	70,971
Accumulated impairment losses	(61,763)	(61,763)
Goodwill, net	9,208	9,208
Display Solutions Segment [Member]
Goodwill	63,347	63,347
Accumulated impairment losses	(27,525)	(27,525)
Goodwill, net	$ 35,822	$ 35,822

Note 7 - Goodwill and Other I_5

Note 7 - Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
finite lived, gross	$ 86,235	$ 86,235
finite lived, accumulated amortization	37,514	35,134
finite lived, net	48,721	51,101
indefinite lived	12,102	12,102
Total Other Intangible Assets	98,337	98,337
Other intangible assets, net	60,823	63,203
Trademarks and Trade Names [Member]
indefinite lived	12,102	12,102
Customer Relationships [Member]
finite lived, gross	62,083	62,083
finite lived, accumulated amortization	19,525	17,817
finite lived, net	42,558	44,266
Patents [Member]
finite lived, gross	268	268
finite lived, accumulated amortization	268	268
finite lived, net	0	0
LED Technology Firmware Software [Member]
finite lived, gross		20,966
finite lived, accumulated amortization		15,783
finite lived, net		5,183
Trade Names [Member]
finite lived, gross	2,658	2,658
finite lived, accumulated amortization	1,211	1,156
finite lived, net	1,447	1,502
Noncompete Agreements [Member]
finite lived, gross	260	260
finite lived, accumulated amortization	136	110
finite lived, net	124	$ 150
Technology-Based Intangible Assets [Member]
finite lived, gross	20,966
finite lived, accumulated amortization	16,374
finite lived, net	$ 4,592

Note 7 - Goodwill and Other I_6

Note 7 - Goodwill and Other Intangible Assets - Amortization Expense of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Amortization Expense of Other Intangible Assets	$ 1,190	$ 1,190	$ 2,380	$ 2,380

Note 7 - Goodwill and Other I_7

Note 7 - Goodwill and Other Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2023 USD ($)
2024	$ 4,760
2025	4,760
2026	4,760
2027	4,754
2028	4,708
After 2028	$ 27,359

Note 8 - Debt (Details Textual)

Note 8 - Debt (Details Textual) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Sep. 30, 2021	Dec. 31, 2023
Line of Credit Facility, Maximum Borrowing Capacity	$ 100
Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.15%
Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.50%
London Interbank Offered Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1%	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%
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 75	$ 75
Debt Instrument, Interest Rate, Effective Percentage		6.50%
Line of Credit Facility, Remaining Borrowing Capacity		$ 70.7
Term Loan [Member]
Debt Instrument, Face Amount	25
Debt Instrument, Annual Principal Payment	$ 3.6
Debt Instrument, Term	5 years

Note 8 - Debt - Debt (Details)

Note 8 - Debt - Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Secured line of credit	$ 4,276	$ 18,729
Long Term Debt	21,521	35,200
Less: amounts due within one year	3,571	3,571
Total amounts due after one year, net	17,950	31,629
Term Loan [Member]
Long Term Debt	$ 17,245	$ 16,471

Note 8 - Debt - Debt (Details)

Note 8 - Debt - Debt (Details) (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Term Loan [Member]
Debt Issuance Costs, Net	$ 16	$ 26

Note 9 - Cash Dividends (Detail

Note 9 - Cash Dividends (Details Textual) - USD ($) $ / shares in Units, $ in Millions		6 Months Ended
	Jan. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Payments of Dividends, Total		$ 2.8	$ 2.7
Annual Indicated per Share Dividend Rate		$ 0.2
Subsequent Event [Member]
Quarterly Indicated Per Share Dividend Rate	$ 0.05
Dividends Payable, Date to be Paid	Feb. 13, 2024
Dividends Payable, Date of Record	Feb. 05, 2024

Note 10 - Equity Compensation (

Note 10 - Equity Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended		3 Months Ended		6 Months Ended
	Nov. 30, 2022	Nov. 30, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement, Expense			$ 0.7	$ 0.8	$ 2	$ 1.4
LSi Employee Stock Purchase Plan (ESPP) [Member]
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares		270,000	249,000		249,000
Employee Stock Ownership Plan (ESOP), Discount Percentage		10%
Employee Stock Ownership Plan (ESOP), Shares Contributed to ESOP		7,000
The 2019 Omnibus Award Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Additional Shares Authorized (in shares)	2,350,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant			1,981,391		1,981,391
The 2019 Omnibus Award Plan [Member] | Restricted Stock Units (RSUs) [Member]
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					116,834
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value					$ 12.76
The 2019 Omnibus Award Plan [Member] | Performance Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period					175,251
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value					$ 12.76

Note 11 - Supplemental Cash F_3

Note 11 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Interest	$ 1,006	$ 1,689
Income taxes	3,375	4,299
Issuance of common shares as compensation	225	173
Issuance of common shares to fund deferred compensation plan	943	1,087
Issuance of common shares to fund ESPP plan	$ 98	$ 0

Note 13 - Leases (Details Textu

Note 13 - Leases (Details Textual)	6 Months Ended
	Dec. 31, 2023
Minimum [Member]
Lessee, Leases, Remaining Term	1 year
Maximum [Member]
Lessee, Leases, Remaining Term	7 years

Note 13 - Leases - Operating Le

Note 13 - Leases - Operating Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023
Operating lease cost	$ 993	$ 885	$ 1,900	$ 1,776
Total operating right-of-use assets	9,931		9,931		$ 8,921
Buildings under finance leases	2,033		2,033		2,033
Fixed payments - operating cash flows			1,778	1,832
Liability reduction - operating cash flows			1,537	1,618
Long-term operating lease liability	6,851		6,851		5,954
Accumulated depreciation	(1,086)		(1,086)		(929)
Amortization of right of use assets	73	74	146	148
Interest - operating cash flows			28	35
Total operating lease liabilities	10,603		10,603		9,520
Total finance lease assets, net	$ 1,060		1,060		$ 1,138
Repayments of principal portion - financing cash flows			$ 156	123
Weighted Average remaining Lease Term (in years) (Year)	3 years 10 months 20 days		3 years 10 months 20 days		3 years 3 months 21 days
Accrued expenses (Current liabilities)	$ 307		$ 307		$ 284
Interest on lease liabilities	$ 14	17	$ 28	35
Weighted Average Discount Rate	5.33%		5.33%		5.44%
Long-term finance lease liability	$ 800		$ 800		$ 960
Total finance lease liabilities	1,107		1,107		$ 1,244
Variable lease cost	$ 22	22	$ 44	44
Weighted Average remaining Lease Term (in years) (Year)	3 years 3 months 29 days		3 years 3 months 29 days		3 years 9 months 29 days
Weighted Average Discount Rate	4.86%		4.86%		4.86%
Sublease income	$ (116)	(116)	$ (232)	(232)
Total lease cost	986	$ 882	1,886	$ 1,771
Accrued Expenses [Member]
Operating lease liabilities	3,752		3,752		$ 3,566
Buildings Under Finance Leases [Member]
Buildings under finance leases	2,033		2,033		2,033
Equipment Under Finance Leases [Member]
Buildings under finance leases	$ 41		$ 41		$ 34

Note 13 - Leases - Maturities o

Note 13 - Leases - Maturities of Lease Liability (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
2024, operating lease	$ 3,752
2024, finance lease	307
2024, operating sublease	(189)
2024, net lease commitments	3,870
2025, operating lease	3,026
2025, finance lease	362
2025, operating sublease	(31)
2025, net lease commitments	3,357
2026, operating lease	1,929
2026, finance lease	362
2026, operating sublease	0
2026, net lease commitments	2,291
2027, operating lease	1,463
2027, finance lease	195
2027, operating sublease	0
2027, net lease commitments	1,658
2028, operating lease	649
2028, finance lease	0
2028, operating subleases	0
2028, net lease commitments	649
Thereafter, operating lease	1,131
Thereafter, finance lease	0
Thereafter, operating subleases	0
Thereafter, net lease commitments	1,131
Total lease payments, operating lease	11,950
Total lease payments, finance lease	1,226
Total lease payments, operating sublease	220
Total lease payments, net lease commitments	12,956
Less: Interest, operating lease	(1,347)
Less: Interest, finance lease	(119)
Less: Interest, net lease commitments	(1,466)
Present Value of Lease Liabilities, operating lease	10,603	$ 9,520
Present Value of Lease Liabilities, finance lease	1,107	$ 1,244
Present Value of Lease Liabilities, net lease commitments	$ 11,490

Note 14 - Income Taxes - Reconc

Note 14 - Income Taxes - Reconciliation of Income Tax Rate (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Provision for income taxes at the anticipated annual tax rate	25.60%	21.50%	26.30%	24%
Uncertain tax positions	(2.80%)	(1.20%)	(0.60%)	0%
Deferred Income Tax Adjustment	0%	(1.90%)	0%	0%
Share-based compensation	2.70%	0.30%	4.20%	(0.80%)
Effective tax rate	20.10%	18.10%	21.50%	24.80%

Insider Trading Arrangement (De

Insider Trading Arrangement (Details Textual)	6 Months Ended
	Dec. 31, 2023
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false