LSI Industries (LYTS) 10-Q 8 Nov 24 2025 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2024	Oct. 31, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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)		29,838,315
Entity Central Index Key	0000763532
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Net sales	$ 138,095	$ 123,441
Cost of products and services sold	104,448	86,852
Gross profit	33,647	36,589
Selling and administrative expenses	24,516	25,561
Operating income	9,131	11,028
Interest expense	875	566
Other (income)/expense	(61)	96
Income before income taxes	8,317	10,366
Income tax expense	1,635	2,338
Net income	$ 6,682	$ 8,028
Earnings per common share (see Note 5)
Basic (in dollars per share)	$ 0.23	$ 0.28
Diluted (in dollars per share)	$ 0.22	$ 0.27
Weighted average common shares outstanding
Basic (in shares)	29,593	28,757
Diluted (in shares)	30,530	29,955

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Net income	$ 6,682	$ 8,028
Foreign currency translation adjustment	(109)	(56)
Comprehensive income	$ 6,573	$ 7,972

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Current assets
Cash and cash equivalents	$ 6,969	$ 4,110
Accounts receivable, less allowance for credit losses of $860 and $848, respectively	80,738	78,626
Inventories	71,262	70,913
Refundable income tax	2,404	3,197
Other current assets	5,517	5,653
Total current assets	166,890	162,499
Property, plant and equipment, at cost
Land	4,010	4,010
Buildings	24,757	24,757
Machinery and equipment	75,433	74,204
Buildings under finance leases	2,033	2,033
Construction in progress	1,161	1,611
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization	107,394	106,615
Less accumulated depreciation	(75,172)	(73,655)
Net property, plant and equipment	32,222	32,960
Goodwill	57,456	57,397
Intangible assets, net	72,508	73,916
Operating lease right-of-use assets	14,958	15,912
Other long-term assets, net	5,468	6,116
Total assets	349,502	348,800
LIABILITIES & SHAREHOLDERS' EQUITY
Current maturities of long-term debt	3,571	3,571
Accounts payable	33,845	32,192
Accrued expenses	42,652	43,444
Total current liabilities	80,068	79,207
Long-term debt	44,118	50,658
Finance lease liabilities	553	636
Operating lease liabilities	10,782	11,267
Other long-term liabilities	2,798	2,677
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 29,795,636 and 29,222,414 shares, respectively	158,101	156,365
Treasury shares, without par value	8,755	8,895
Key Executive Compensation	8,755	8,895
Retained earnings	52,989	47,788
Accumulated other comprehensive income	93	202
Total shareholders' equity	211,183	204,355
Total liabilities & shareholders' equity	$ 349,502	$ 348,800

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Accounts Receivable, Allowance for Credit Loss, Current	$ 860	$ 848
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)	29,795,636	29,222,414

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]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Jun. 30, 2023	28,488	(922)
Balance at Jun. 30, 2023	$ 148,691	$ (7,166)	$ 7,166	$ 28,548	$ 339	$ 177,578
Net income	0	0	0	8,028	0	8,028
Other comprehensive gain (loss)	$ 0	$ 0	0	0	(56)	(56)
Board stock compensation (in shares)	9	0
Board stock compensation	$ 113	$ 0	0	0	0	113
ESPP stock awards (in shares)	3	0
ESPP stock awards	$ 57	$ 0	0	0	0	57
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	$ 438	$ 0	0	0	0	438
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	1,220
Stock options exercised, net (in shares)	70	0
Stock options exercised, net	$ 549	$ 0	0	0	0	549
Dividends	$ 0	$ 0	0	(1,380)	0	$ (1,380)
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)						$ 0.2
Balance (in shares) at Sep. 30, 2023	28,878	(952)
Balance at Sep. 30, 2023	$ 151,068	$ (7,583)	7,583	35,196	283	$ 186,547
Balance (in shares) at Jun. 30, 2024	29,222	(1,036)
Balance at Jun. 30, 2024	$ 156,365	$ (8,895)	8,895	47,788	202	204,355
Net income	0	0	0	6,682	0	6,682
Other comprehensive gain (loss)	$ 0	$ 0	0	0	(109)	(109)
Board stock compensation (in shares)	8	0
Board stock compensation	$ 113	$ 0	0	0	0	113
ESPP stock awards (in shares)	3	0
ESPP stock awards	$ 45					45
Restricted stock units issued, net of shares withheld for tax withholdings (in shares)	492	0
Restricted stock units issued, net of shares withheld for tax withholdings	$ (204)	$ 0	0	0	0	(204)
Shares issued for deferred compensation (in shares)	32	0
Shares issued for deferred compensation	$ 487	$ 0	0	0	0	487
Activity of treasury shares, net (in shares)	0	42
Activity of treasury shares, net	$ 0	$ 140	0	0	0	140
Deferred stock compensation	0	0	(140)	0	0	(140)
Stock-based compensation expense	$ 1,047	$ 0	0	0	0	1,047
Stock options exercised, net (in shares)	39	0
Stock options exercised, net	$ 248	$ 0	0	0	0	248
Dividends	$ 0	$ 0	0	(1,481)	0	$ (1,481)
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)						$ 0.2
Balance (in shares) at Sep. 30, 2024	29,796	(994)
Balance at Sep. 30, 2024	$ 158,101	$ (8,755)	$ 8,755	$ 52,989	$ 93	$ 211,183

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)	$ 0.2	$ 0.2

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Flows from Operating Activities
Net income	$ 6,682	$ 8,028
Non-cash items included in net income
Depreciation and amortization	2,940	2,371
Deferred income taxes	742	(681)
Deferred compensation plan	487	437
Stock compensation expense	1,047	1,220
ESPP discount	45	57
Issuance of common shares as compensation	113	113
Loss on disposition of fixed assets	1	47
Allowance for credit losses	29	(9)
Inventory obsolescence reserve	336	262
Changes in certain assets and liabilities
Accounts receivable	(2,141)	(4,576)
Inventories	(685)	367
Refundable income taxes	793	1,772
Accounts payable	1,653	4,345
Accrued expenses and other	(2,009)	(4,634)
Customer Prepayments	1,813	1,473
Net cash flows provided by operating activities	11,846	10,592
Cash Flows from Investing Activities
Acquisition of EMI	(59)	0
Purchases of property, plant, and equipment	(759)	(1,393)
Net cash flows (used in) investing activities	(818)	(1,393)
Cash Flows from Financing Activities
Payments on long-term debt	(47,101)	(49,362)
Borrowings on long-term debt	40,561	42,831
Cash dividends paid	(1,481)	(1,380)
Shares withheld on employees' taxes	(204)	0
Payments on financing lease obligations	(83)	(77)
Proceeds from stock option exercises	248	549
Net cash flows (used in) financing activities	(8,060)	(7,439)
Change related to Foreign Currency	(109)	(55)
Increase in cash and cash equivalents	2,859	1,705
Cash and cash equivalents at beginning of period	4,110	1,828
Cash and cash equivalents at end of period	$ 6,969	$ 3,533

Note 1 - Interim Condensed Cons

Note 1 - Interim Condensed Consolidated Financial Statements	3 Months Ended
	Sep. 30, 2024
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 September 30, 2024, the results of its operations for the three-month periods ended September 30, 2024, and 2023, and its cash flows for the three-month periods ended September 30, 2024, and 2023. These statements should be read in conjunction with the financial statements and footnotes included in the fiscal 2024 Annual Report on Form 10-K. Financial information as of June 30, 2024, has been derived from the Company’s audited consolidated financial statements.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	3 Months Ended
	Sep. 30, 2024
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 2024 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) September 30, 2024 Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 48,211 $ 62,094 Products and services transferred over time 10,226 17,564 $ 58,437 $ 79,658 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 47,429 $ 8,436 Poles and other display solutions elements 10,393 55,703 Project management, installation services, shipping and handling 615 15,519 $ 58,437 $ 79,658 Three Months Ended (In thousands) September 30, 2023 Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 57,652 $ 39,988 Products and services transferred over time 9,989 15,812 $ 67,641 $ 55,800 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 55,491 $ 8,933 Poles and other display solutions elements 11,383 34,869 Project management, installation services, shipping and handling 767 11,998 $ 67,641 $ 55,800 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 2023, the FASB issued ASU 2023 06, X not In November 2023 , - 280 with In December 2023, the FASB issued ASU 2023 - , ): , ,

Note 3 - Acquisition of EMI Ind

Note 3 - Acquisition of EMI Industries, LLC	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Business Combination Disclosure [Text Block]	NOTE 3 ACQUISITION OF EMI INDUSTRIES, LLC On April 18, 2024, the Company entered into and consummated the transactions contemplated by an asset purchase agreement with EMI Industries, LLC (EMI), a Florida-based metal and millwork manufacturer of standard and customized fixtures, displays and equipment for the convenience store, supermarket and restaurant industries, for $50.0 million, of which $0.1 million of the purchase price was retained pending a review of the acquired working capital. In the first quarter of fiscal 2025, the company funded an additional $59,000 related to the final settlement of the acquired working capital. The Company incurred acquisition-related costs totaling $1.0 million which are included in the selling and administrative expense line of the consolidated statements of operations. The acquisition of EMI is expected to increase the Company’s total addressable markets within the grocery, quick service restaurant and convenience store verticals. The Company funded the acquisition totaling $49.9 million with a combination of cash on hand and from the $75 million revolving line of credit. The Company accounted for this transaction as a business combination. The Company has preliminarily allocated the purchase price of approximately $49.9 million which includes an estimate of customary post-closing purchase price adjustments to the assets acquired and liabilities assumed at estimated fair values, and the excess of the purchase price over the aggregate fair values is recorded as goodwill. This preliminary allocation is subject to the final determination of the purchase price which will be finalized in fiscal 2025, as well as the potential revision resulting from the finalization of pre-acquisition tax filings. The preliminary allocation of the purchase consideration to the fair value of the assets acquired and liabilities assumed as of April 18, 2024, is as follows: (In thousands) April 18, 2024 as initially reported Adjustments April 18, 2024 as adjusted Accounts Receivable $ 11,386 $ - $ 11,386 Inventory 12,246 - 12,246 Property, Plant and Equipment 7,719 - 7,719 Operating Lease Right-Of-Use Assets 8,734 - 8,734 Other Assets 1,176 - 1,176 Intangible Assets 15,670 - 15,670 Accounts Payable (7,103 ) - (7,103 ) Accrued Expenses (6,308 ) - (6,308 ) Operating Lease Liabilities (5,987 ) - (5,987 ) Identifiable Assets 37,533 - 37,533 Goodwill 12,367 59 12,426 Net Purchase Consideration $ 49,900 $ 59 $ 49,959 The gross amount of accounts receivable acquired was $11.9 million. Goodwill recorded from the acquisition of EMI is attributable to the impact of the positive cash flow from EMI in addition to expected synergies from the business combination. The goodwill resulting from the acquisition is deductible for tax purposes. The trade name and technology used an income (relief from royalty) approach, the non-compete used an income (with or without) approach, and the customer relationships used an income (excess earnings) approach. The following table presents the details of the intangible assets acquired at the date of acquisition: (in thousands) Estimated Fair Value Estimated Useful Life (Years) Tradename $ 4,880 Indefinite life Technology assets 3,160 7 Non-compete 140 5 Customer relationships 7,490 20 $ 15,670 EMI’s post-acquisition results of operations for the period from April 18, 2024, through June 30, 2024, are included in the Company’s Consolidated Statements of Operations. Since the acquisition date, net sales of EMI for the period from April 18, 2024, through June 30, 2024, were $18.1 million and operating income was $0.7 million. The operating results of EMI are included in the Display Solutions Segment. Pro Forma Impact of the Acquisition of EMI (Unaudited) The following table represents unaudited pro forma results of operations and gives effect to the acquisition of EMI as if the transaction had occurred on July 1, 2022. The unaudited pro forma results of operations have been prepared for comparative purposes only and are not necessarily indicative of what would have occurred had the business combination been completed at the beginning of the period or the results that may occur in the future. Furthermore, the unaudited pro forma financial information does not reflect the impact of any synergies or operating efficiencies resulting from the acquisition of EMI . The unaudited pro forma financial information for the twelve months ended June 30, 2024, and June 30, 2023, is prepared using the acquisition method of accounting and has been adjusted to reflect the pro forma events that are: (1) directly attributable to the acquisition; (2) factually supportable; and (3) expected to have a continuing impact on the combined results. The fiscal 2024 unaudited pro forma operating income of $36.3 million excludes acquisition-related expenses of $1.0 million. (in thousands; unaudited) Twelve Month Ended 2024 2023 Sales $ 535,849 $ 578,169 Gross Profit $ 141,788 $ 147,967 Operating Income $ 36,303 $ 38,798

Note 4 - Segment Reporting Info

Note 4 - Segment Reporting Information	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 4 - 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, millwork display fixtures, refrigerated displays, food equipment, countertops, and other 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 and casual restaurant market, retail and grocery store, and other retail markets. The Company accesses its customers primarily through a direct sale model utilizing its own sales force. Sales through distribution represents a small portion of Display Solutions sales. 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 Summarized financial information for the Company’s operating segments is provided for the indicated periods and as of September 30, 2024, and September 30, 2023: (In thousands) Three Months Ended September 30 2024 2023 Net Sales: Lighting Segment $ 58,437 $ 67,641 Display Solutions Segment 79,658 55,800 $ 138,095 $ 123,441 Operating Income (Loss): Lighting Segment $ 5,759 $ 8,753 Display Solutions Segment 7,708 7,219 Corporate and Eliminations (4,336 ) (4,944 ) $ 9,131 $ 11,028 Capital Expenditures: Lighting Segment $ 712 $ 862 Display Solutions Segment 47 519 Corporate and Eliminations - 12 $ 759 $ 1,393 Depreciation and Amortization: Lighting Segment $ 1,212 $ 1,309 Display Solutions Segment 1,635 976 Corporate and Eliminations 93 86 $ 2,940 $ 2,371 September 30, 2024 June 30, 2024 Identifiable Assets: Lighting Segment $ 125,965 $ 130,695 Display Solutions Segment 214,534 208,248 Corporate and Eliminations 9,003 9,857 $ 349,502 $ 348,800 The segment net sales reported above represent sales to external customers. Segment operating income, which is used in management’s evaluation of segment performance, represents net sales less all operating expenses. Identifiable assets are those assets used by each segment in its operations. The Company records a 10% mark-up on intersegment revenues. Any intersegment profit in inventory is eliminated in consolidation. Intersegment revenues were eliminated in consolidation as follows: Inter-segment sales Three Months Ended (In thousands) September 30 2024 2023 Lighting Segment inter-segment net sales $ 5,984 $ 6,864 Display Solutions Segment inter-segment net sales $ 171 $ 455

Note 5 - Earnings Per Common Sh

Note 5 - Earnings Per Common Share	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 5 - EARNINGS PER COMMON SHARE The following table presents the amounts used to compute basic and diluted earnings per common share, as well as the effect of dilutive potential common shares on weighted average shares outstanding: (in thousands, except per share data) Three Months Ended September 30 2024 2023 BASIC EARNINGS PER SHARE Net Income $ 6,682 $ 8,028 Weighted average shares outstanding during the period, net of treasury shares 28,514 27,738 Weighted average vested restricted stock units outstanding 90 82 Weighted average shares outstanding in the Deferred Compensation Plan during the period 989 937 Weighted average shares outstanding 29,593 28,757 Basic income per share $ 0.23 $ 0.28 DILUTED EARNINGS PER SHARE Net Income $ 6,682 $ 8,028 Weighted average shares outstanding Basic 29,593 28,757 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and Contingently issuable shares, if any 937 1,198 Weighted average shares outstanding 30,530 29,955 Diluted income per share $ 0.22 $ 0.27 Anti-dilutive securities (b) 265 - (a) Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period. (b) Anti-dilutive securities were excluded from the computation of diluted net income per share for the three months ended September 30, 2024, and September 30, 2023, because the exercise price was greater than the average fair market price of the common shares or because the assumed proceeds from the award’s exercise or vesting was greater than the average fair market price of the common shares.

Note 6 - Inventories, Net

Note 6 - Inventories, Net	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 6 INVENTORIES, NET The following information is provided as of the dates indicated: (In thousands) September 30, 2024 June 30, 2024 Inventories: Raw materials $ 52,608 $ 52,644 Work-in-progress 6,344 6,244 Finished goods 12,310 12,025 Total Inventories $ 71,262 $ 70,913

Note 7 - Accrued Expenses

Note 7 - Accrued Expenses	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE 7 - ACCRUED EXPENSES The following information is provided as of the dates indicated: (In thousands) September 30, 2024 June 30, 2024 Accrued Expenses: Customer prepayments $ 10,291 $ 8,475 Compensation and benefits 9,256 10,217 Accrued warranty 6,564 6,623 Accrued sales commissions 2,668 3,937 Accrued freight 2,159 2,270 Operating lease liabilities 5,182 5,560 Finance lease liabilities 324 324 Other accrued expenses 6,208 6,038 Total Accrued Expenses $ 42,652 $ 43,444

Note 8 - Goodwill and Other Int

Note 8 - Goodwill and Other Intangible Assets	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 8 - GOODWILL AND OTHER INTANGIBLE ASSETS The carrying values of goodwill and other intangible assets with indefinite lives are reviewed at least annually for possible impairment. The Company may first 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 four The following table presents information about the Company's goodwill on the dates or for the periods indicated: (In thousands) Lighting Segment Display Solutions Segment Total Balance as of September 30, 2024 Goodwill $ 70,971 $ 75,773 $ 146,744 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of September 30, 2024 $ 9,208 $ 48,248 $ 57,456 Balance as of June 30, 2024 Goodwill $ 70,971 $ 75,714 $ 146,685 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of June 30, 2024 $ 9,208 $ 48,189 $ 57,397 The gross carrying amount and accumulated amortization by each major intangible asset class is as follows: (In thousands) September 30, 2024 Gross Carrying Amount Accumulated Amortization Net Amount Amortized Intangible Assets Customer relationships $ 69,573 $ 22,310 $ 47,263 Patents 268 268 - LED technology, software 24,126 17,444 6,682 Trade name 2,658 1,292 1,366 Non-compete 400 185 215 Total Amortized Intangible Assets $ 97,025 $ 41,499 $ 55,526 Indefinite-lived Intangible Assets Trademarks and trade names 16,982 - 16,982 Total indefinite-lived Intangible Assets 16,982 - 16,982 Total Other Intangible Assets $ 114,007 $ 41,499 $ 72,508 (In thousands) June 30, 2024 Gross Carrying Amount Accumulated Amortization Net Amount Amortized Intangible Assets Customer relationships $ 69,573 $ 21,332 $ 48,241 Patents 268 268 - LED technology, software 24,126 17,058 7,068 Trade name 2,658 1,265 1,393 Non-compete 400 168 232 Total Amortized Intangible Assets $ 97,025 $ 40,091 $ 56,934 Indefinite-lived Intangible Assets Trademarks and trade names 16,982 - 16,982 Total indefinite-lived Intangible Assets 16,982 - 16,982 Total Other Intangible Assets $ 114,007 $ 40,091 $ 73,916 (In thousands) 2024 2023 Amortization expense of other intangible assets $ 1,408 $ 1,190 The Company expects to record annual amortization expense as follows: (In thousands) 2025 $ 5,739 2026 $ 5,733 2027 $ 5,512 2028 $ 5,125 2029 $ 4,497 After 2029 $ 30,328

Note 9 - Debt

Note 9 - Debt	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 9 - DEBT The Company’s long-term debt as of September 30, 2024, and June 30, 2024, consisted of the following: September 30, June 30, (In thousands) 2024 2024 Secured line of credit $ 33,415 $ 38,766 Term loan, net of debt issuance costs of $12 and $14, respectively 14,274 15,463 Total debt 47,689 54,229 Less: amounts due within one year 3,571 3,571 Total amounts due after one year, net $ 44,118 $ 50,658 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 September 30, 2024.

Note 10 - Cash Dividends

Note 10 - Cash Dividends	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Equity [Text Block]	NOTE 10 - CASH DIVIDENDS The Company paid cash dividends of $1.5 million and $1.4 million for the three months ended September 30, 2024, and September 30, 2023, respectively. Dividends on restricted stock units in the amount of $0.2 million and $0.1 million were accrued as of both September 30, 2024, and 2023, respectively. These dividends will be paid upon the vesting of the restricted stock units when shares are issued to the award recipients. In November 2024, the Board of Directors declared a regular quarterly cash dividend of $0.05 per share payable November 26, 2024, to shareholders of record as of November 18, 2024. The indicated annual cash dividend rate is $0.20 per share.

Note 11 - Equity Compensation

Note 11 - Equity Compensation	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	NOTE 11 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 In the three months ended September 30, 2024, the Company granted 160,826 PSUs and 107,217 RSUs, both with a weighted average market value of $14.92. Stock compensation expense was $1.1 million and $1.2 million for both the three months ended September 30, 2024, and 2023, 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 fiscal year 2025, employees purchased 3,000 shares. At September 30, 2024, 239,000 shares remained available for purchase under the ESPP.

Note 12 - Supplemental Cash Flo

Note 12 - Supplemental Cash Flow Information	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 12 - SUPPLEMENTAL CASH FLOW INFORMATION (in thousands) Three Months Ended September 30 2024 2023 Cash Payments: Interest $ 865 $ 548 Income taxes $ 40 $ 1,075 Non-cash investing and financing activities Issuance of common shares as compensation $ 113 $ 113 Issuance of common shares to fund deferred compensation plan $ 487 $ 437 Issuance of common shares to fund ESPP plan $ 45 $ 57

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	3 Months Ended
	Sep. 30, 2024
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 September 30, 2024, there were no

Note 14 - Leases

Note 14 - Leases	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE 14 - 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. 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 September 30, 2024, and 2023. 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 September 30 (In thousands) 2024 2023 Operating lease cost $ 1,622 $ 906 Financing lease cost: Amortization of right of use assets 73 73 Interest on lease liabilities 11 15 Variable lease cost 7 22 Sublease income (39 ) - Total lease cost $ 1,674 $ 1,016 Three Months Ended Supplemental Cash Flow Information September 30 (in thousands) 2024 2023 Cash flows from operating leases Fixed payments - operating lease cash flows $ 1,629 $ 764 Liability reduction - operating cash flows $ 1,380 $ 680 Cash flows from finance leases Interest - operating cash flows $ 11 $ 15 Repayments of principal portion - financing cash flows $ 83 $ 77 Operating Leases: September 30, 2024 June 30, 2024 Total operating right-of-use assets $ 14,958 $ 15,912 Accrued Expenses 5,182 5,560 Long-term operating lease liability 10,782 11,267 Total operating lease liabilities $ 15,964 $ 16,827 Weighted Average remaining Lease Term (in years) 3.35 3.49 Weighted Average Discount Rate 5.93 % 5.90 % Financing Leases September 30, 2024 June 30, 2024 Buildings under finance leases $ 2,033 $ 2,033 Equipment under finance leases - 41 Accumulated depreciation (1,282 ) (1,232 ) Total finance lease assets, net $ 751 $ 842 Accrued expenses (Current liabilities) $ 324 $ 324 Long-term finance lease liability 553 636 Total finance lease liabilities $ 877 $ 960 Weighted Average remaining Lease Term (in years) 2.58 2.83 Weighted Average Discount Rate 4.86 % 4.86 % Maturities of Lease Liability: Operating Lease Liabilities Finance Lease Liabilities Net Lease Commitments 2025 $ 5,182 $ 324 $ 5,506 2026 5,040 362 5,402 2027 4,107 257 4,364 2028 2,468 - 2,468 2029 560 - 560 Thereafter 374 - 374 Total lease payments $ 17,731 $ 943 $ 18,674 Less: Interest (1,767 ) (66 ) (1,833 ) Present Value of Lease Liabilities $ 15,964 $ 877 $ 16,841

Note 15 - Income Taxes

Note 15 - Income Taxes	3 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 15 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 September 30 2024 2023 Reconciliation of effective tax rate: Provision for income taxes at the anticipated annual tax rate 25.80 % 26.80 % Uncertain tax positions 0.8 0.9 Deferred income tax adjustment 2.2 - Share-based compensation (9.1 ) (5.1 ) Effective tax rate 19.7 % 22.6 %

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	ITEM 5. OTHER INFORMATION None
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

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	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 2024 Annual Report on Form 10-K.
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: Three Months Ended (In thousands) September 30, 2024 Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 48,211 $ 62,094 Products and services transferred over time 10,226 17,564 $ 58,437 $ 79,658 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 47,429 $ 8,436 Poles and other display solutions elements 10,393 55,703 Project management, installation services, shipping and handling 615 15,519 $ 58,437 $ 79,658 Three Months Ended (In thousands) September 30, 2023 Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 57,652 $ 39,988 Products and services transferred over time 9,989 15,812 $ 67,641 $ 55,800 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 55,491 $ 8,933 Poles and other display solutions elements 11,383 34,869 Project management, installation services, shipping and handling 767 11,998 $ 67,641 $ 55,800 Practical Expedients and Exemptions ● The Company’s contracts with customers have an expected duration of one year or less, as such, the Company applies the practical expedient to expense sales commissions as incurred and has omitted disclosures on the amount of remaining performance obligations. ● Shipping costs that are not material in context of the delivery of products are expensed as incurred. ● The Company’s accounts receivable balance represents the Company’s unconditional right to receive payment from its customers with contracts. Payments are generally due within 30 to 90 days of completion of the performance obligation and invoicing; therefore, payments do not contain significant financing components. ● The Company collects sales tax and other taxes concurrent with revenue-producing activities which are excluded from revenue. Shipping and handling costs are treated as fulfillment activities and included in cost of products and services sold on the Consolidated Statements of Operations.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements: In October 2023, the FASB issued ASU 2023 06, X not In November 2023 , - 280 with In December 2023, the FASB issued ASU 2023 - , ): , ,

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended (In thousands) September 30, 2024 Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 48,211 $ 62,094 Products and services transferred over time 10,226 17,564 $ 58,437 $ 79,658 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 47,429 $ 8,436 Poles and other display solutions elements 10,393 55,703 Project management, installation services, shipping and handling 615 15,519 $ 58,437 $ 79,658 Three Months Ended (In thousands) September 30, 2023 Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 57,652 $ 39,988 Products and services transferred over time 9,989 15,812 $ 67,641 $ 55,800 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 55,491 $ 8,933 Poles and other display solutions elements 11,383 34,869 Project management, installation services, shipping and handling 767 11,998 $ 67,641 $ 55,800

Note 3 - Acquisition of EMI I_2

Note 3 - Acquisition of EMI Industries, LLC (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	(In thousands) April 18, 2024 as initially reported Adjustments April 18, 2024 as adjusted Accounts Receivable $ 11,386 $ - $ 11,386 Inventory 12,246 - 12,246 Property, Plant and Equipment 7,719 - 7,719 Operating Lease Right-Of-Use Assets 8,734 - 8,734 Other Assets 1,176 - 1,176 Intangible Assets 15,670 - 15,670 Accounts Payable (7,103 ) - (7,103 ) Accrued Expenses (6,308 ) - (6,308 ) Operating Lease Liabilities (5,987 ) - (5,987 ) Identifiable Assets 37,533 - 37,533 Goodwill 12,367 59 12,426 Net Purchase Consideration $ 49,900 $ 59 $ 49,959
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	(in thousands) Estimated Fair Value Estimated Useful Life (Years) Tradename $ 4,880 Indefinite life Technology assets 3,160 7 Non-compete 140 5 Customer relationships 7,490 20 $ 15,670
Business Acquisition, Pro Forma Information [Table Text Block]	(in thousands; unaudited) Twelve Month Ended 2024 2023 Sales $ 535,849 $ 578,169 Gross Profit $ 141,788 $ 147,967 Operating Income $ 36,303 $ 38,798

Note 4 - Segment Reporting In_2

Note 4 - Segment Reporting Information (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	(In thousands) Three Months Ended September 30 2024 2023 Net Sales: Lighting Segment $ 58,437 $ 67,641 Display Solutions Segment 79,658 55,800 $ 138,095 $ 123,441 Operating Income (Loss): Lighting Segment $ 5,759 $ 8,753 Display Solutions Segment 7,708 7,219 Corporate and Eliminations (4,336 ) (4,944 ) $ 9,131 $ 11,028 Capital Expenditures: Lighting Segment $ 712 $ 862 Display Solutions Segment 47 519 Corporate and Eliminations - 12 $ 759 $ 1,393 Depreciation and Amortization: Lighting Segment $ 1,212 $ 1,309 Display Solutions Segment 1,635 976 Corporate and Eliminations 93 86 $ 2,940 $ 2,371
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	September 30, 2024 June 30, 2024 Identifiable Assets: Lighting Segment $ 125,965 $ 130,695 Display Solutions Segment 214,534 208,248 Corporate and Eliminations 9,003 9,857 $ 349,502 $ 348,800
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Inter-segment sales Three Months Ended (In thousands) September 30 2024 2023 Lighting Segment inter-segment net sales $ 5,984 $ 6,864 Display Solutions Segment inter-segment net sales $ 171 $ 455

Note 5 - Earnings Per Common _2

Note 5 - Earnings Per Common Share (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	(in thousands, except per share data) Three Months Ended September 30 2024 2023 BASIC EARNINGS PER SHARE Net Income $ 6,682 $ 8,028 Weighted average shares outstanding during the period, net of treasury shares 28,514 27,738 Weighted average vested restricted stock units outstanding 90 82 Weighted average shares outstanding in the Deferred Compensation Plan during the period 989 937 Weighted average shares outstanding 29,593 28,757 Basic income per share $ 0.23 $ 0.28 DILUTED EARNINGS PER SHARE Net Income $ 6,682 $ 8,028 Weighted average shares outstanding Basic 29,593 28,757 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and Contingently issuable shares, if any 937 1,198 Weighted average shares outstanding 30,530 29,955 Diluted income per share $ 0.22 $ 0.27 Anti-dilutive securities (b) 265 -

Note 6 - Inventories, Net (Tabl

Note 6 - Inventories, Net (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Inventory, Current [Table Text Block]	(In thousands) September 30, 2024 June 30, 2024 Inventories: Raw materials $ 52,608 $ 52,644 Work-in-progress 6,344 6,244 Finished goods 12,310 12,025 Total Inventories $ 71,262 $ 70,913

Note 7 - Accrued Expenses (Tabl

Note 7 - Accrued Expenses (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	(In thousands) September 30, 2024 June 30, 2024 Accrued Expenses: Customer prepayments $ 10,291 $ 8,475 Compensation and benefits 9,256 10,217 Accrued warranty 6,564 6,623 Accrued sales commissions 2,668 3,937 Accrued freight 2,159 2,270 Operating lease liabilities 5,182 5,560 Finance lease liabilities 324 324 Other accrued expenses 6,208 6,038 Total Accrued Expenses $ 42,652 $ 43,444

Note 8 - Goodwill and Other I_2

Note 8 - Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Goodwill [Table Text Block]	(In thousands) Lighting Segment Display Solutions Segment Total Balance as of September 30, 2024 Goodwill $ 70,971 $ 75,773 $ 146,744 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of September 30, 2024 $ 9,208 $ 48,248 $ 57,456 Balance as of June 30, 2024 Goodwill $ 70,971 $ 75,714 $ 146,685 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of June 30, 2024 $ 9,208 $ 48,189 $ 57,397
Schedule of Intangible Assets and Goodwill [Table Text Block]	(In thousands) September 30, 2024 Gross Carrying Amount Accumulated Amortization Net Amount Amortized Intangible Assets Customer relationships $ 69,573 $ 22,310 $ 47,263 Patents 268 268 - LED technology, software 24,126 17,444 6,682 Trade name 2,658 1,292 1,366 Non-compete 400 185 215 Total Amortized Intangible Assets $ 97,025 $ 41,499 $ 55,526 Indefinite-lived Intangible Assets Trademarks and trade names 16,982 - 16,982 Total indefinite-lived Intangible Assets 16,982 - 16,982 Total Other Intangible Assets $ 114,007 $ 41,499 $ 72,508 (In thousands) June 30, 2024 Gross Carrying Amount Accumulated Amortization Net Amount Amortized Intangible Assets Customer relationships $ 69,573 $ 21,332 $ 48,241 Patents 268 268 - LED technology, software 24,126 17,058 7,068 Trade name 2,658 1,265 1,393 Non-compete 400 168 232 Total Amortized Intangible Assets $ 97,025 $ 40,091 $ 56,934 Indefinite-lived Intangible Assets Trademarks and trade names 16,982 - 16,982 Total indefinite-lived Intangible Assets 16,982 - 16,982 Total Other Intangible Assets $ 114,007 $ 40,091 $ 73,916
Finite-Lived Intangible Assets Amortization Expense [Table Text Block]	(In thousands) 2024 2023 Amortization expense of other intangible assets $ 1,408 $ 1,190
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(In thousands) 2025 $ 5,739 2026 $ 5,733 2027 $ 5,512 2028 $ 5,125 2029 $ 4,497 After 2029 $ 30,328

Note 9 - Debt (Tables)

Note 9 - Debt (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Debt [Table Text Block]	September 30, June 30, (In thousands) 2024 2024 Secured line of credit $ 33,415 $ 38,766 Term loan, net of debt issuance costs of $12 and $14, respectively 14,274 15,463 Total debt 47,689 54,229 Less: amounts due within one year 3,571 3,571 Total amounts due after one year, net $ 44,118 $ 50,658

Note 12 - Supplemental Cash F_2

Note 12 - Supplemental Cash Flow Information (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	(in thousands) Three Months Ended September 30 2024 2023 Cash Payments: Interest $ 865 $ 548 Income taxes $ 40 $ 1,075 Non-cash investing and financing activities Issuance of common shares as compensation $ 113 $ 113 Issuance of common shares to fund deferred compensation plan $ 487 $ 437 Issuance of common shares to fund ESPP plan $ 45 $ 57

Note 14 - Leases (Tables)

Note 14 - Leases (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended September 30 (In thousands) 2024 2023 Operating lease cost $ 1,622 $ 906 Financing lease cost: Amortization of right of use assets 73 73 Interest on lease liabilities 11 15 Variable lease cost 7 22 Sublease income (39 ) - Total lease cost $ 1,674 $ 1,016 Three Months Ended Supplemental Cash Flow Information September 30 (in thousands) 2024 2023 Cash flows from operating leases Fixed payments - operating lease cash flows $ 1,629 $ 764 Liability reduction - operating cash flows $ 1,380 $ 680 Cash flows from finance leases Interest - operating cash flows $ 11 $ 15 Repayments of principal portion - financing cash flows $ 83 $ 77 Operating Leases: September 30, 2024 June 30, 2024 Total operating right-of-use assets $ 14,958 $ 15,912 Accrued Expenses 5,182 5,560 Long-term operating lease liability 10,782 11,267 Total operating lease liabilities $ 15,964 $ 16,827 Weighted Average remaining Lease Term (in years) 3.35 3.49 Weighted Average Discount Rate 5.93 % 5.90 % Financing Leases September 30, 2024 June 30, 2024 Buildings under finance leases $ 2,033 $ 2,033 Equipment under finance leases - 41 Accumulated depreciation (1,282 ) (1,232 ) Total finance lease assets, net $ 751 $ 842 Accrued expenses (Current liabilities) $ 324 $ 324 Long-term finance lease liability 553 636 Total finance lease liabilities $ 877 $ 960 Weighted Average remaining Lease Term (in years) 2.58 2.83 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 Net Lease Commitments 2025 $ 5,182 $ 324 $ 5,506 2026 5,040 362 5,402 2027 4,107 257 4,364 2028 2,468 - 2,468 2029 560 - 560 Thereafter 374 - 374 Total lease payments $ 17,731 $ 943 $ 18,674 Less: Interest (1,767 ) (66 ) (1,833 ) Present Value of Lease Liabilities $ 15,964 $ 877 $ 16,841

Note 15 - Income Taxes (Tables)

Note 15 - Income Taxes (Tables)	3 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Three Months Ended September 30 2024 2023 Reconciliation of effective tax rate: Provision for income taxes at the anticipated annual tax rate 25.80 % 26.80 % Uncertain tax positions 0.8 0.9 Deferred income tax adjustment 2.2 - Share-based compensation (9.1 ) (5.1 ) Effective tax rate 19.7 % 22.6 %

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Net sales	$ 138,095	$ 123,441
Lighting Segment [Member]
Net sales	58,437	67,641
Lighting Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Net sales	47,429	55,491
Lighting Segment [Member] | Legacy Products [Member]
Net sales	10,393	11,383
Lighting Segment [Member] | Turnkey Services and Other [Member]
Net sales	615	767
Display Solutions Segment [Member]
Net sales	79,658	55,800
Display Solutions Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Net sales	8,436	8,933
Display Solutions Segment [Member] | Legacy Products [Member]
Net sales	55,703	34,869
Display Solutions Segment [Member] | Turnkey Services and Other [Member]
Net sales	15,519	11,998
Transferred at Point in Time [Member] | Lighting Segment [Member]
Net sales	48,211	57,652
Transferred at Point in Time [Member] | Display Solutions Segment [Member]
Net sales	62,094	39,988
Transferred over Time [Member] | Lighting Segment [Member]
Net sales	10,226	9,989
Transferred over Time [Member] | Display Solutions Segment [Member]
Net sales	$ 17,564	$ 15,812

Note 3 - Acquisition of EMI I_3

Note 3 - Acquisition of EMI Industries, LLC (Details Textual) - USD ($)		2 Months Ended	3 Months Ended		12 Months Ended
	Apr. 18, 2024	Jun. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2021
Payments to Acquire Businesses, Gross			$ 59,000	$ 0
Line of Credit Facility, Maximum Borrowing Capacity							$ 100,000,000
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations, Net of Tax					$ 36,303,000	$ 38,798,000
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity							$ 75,000,000
EMI Industries [Member]
Business Combination, Consideration Transferred	$ 50,000,000
Business Combination, Consideration Transferred, Liabilities Incurred	100,000
Payments to Acquire Businesses, Gross	49,900,000		$ 59,000
Business Acquisition, Transaction Costs	1,000,000
Business Combination, Acquired Receivables, Gross Contractual Amount	$ 11,900,000
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual		$ 18,100,000
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual		$ 700,000
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations, Net of Tax					$ 36,300,000

Note 3 - Acquisition of EMI I_4

Note 3 - Acquisition of EMI Industries, LLC - Schedule of Assets Acquired (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Apr. 18, 2024
Goodwill	$ 57,456	$ 57,397
EMI Industries [Member]
Accounts Receivable			$ 11,386
Inventory			12,246
Property, Plant and Equipment			7,719
Operating Lease Right-Of-Use Assets			8,734
Other Assets			1,176
Intangible Assets			15,670
Accounts Payable			(7,103)
Accrued Expenses			(6,308)
Operating Lease Liabilities			(5,987)
Identifiable Assets			37,533
Goodwill			12,426
Net Purchase Consideration			49,959
EMI Industries [Member] | As Initially Reported [Member]
Accounts Receivable			11,386
Inventory			12,246
Property, Plant and Equipment			7,719
Operating Lease Right-Of-Use Assets			8,734
Other Assets			1,176
Intangible Assets			15,670
Accounts Payable			(7,103)
Accrued Expenses			(6,308)
Operating Lease Liabilities			(5,987)
Identifiable Assets			37,533
Goodwill			12,367
Net Purchase Consideration			49,900
EMI Industries [Member] | Fair Value Adjustments [Member]
Accounts Receivable			0
Inventory			0
Property, Plant and Equipment			0
Operating Lease Right-Of-Use Assets			0
Other Assets			0
Intangible Assets			0
Accounts Payable			0
Accrued Expenses			0
Operating Lease Liabilities			0
Identifiable Assets			0
Goodwill			59
Net Purchase Consideration			$ 59

Note 3 - Acquisition of EMI I_5

Note 3 - Acquisition of EMI Industries, LLC - Schedule of Intangible Assets Acquired (Details) - EMI Industries [Member] $ in Thousands	Apr. 18, 2024 USD ($)
Intangible Assets	$ 15,670
Technology-Based Intangible Assets [Member]
Finite life intangible assets acquired	$ 3,160
Acquired intangible asset, useful life (Year)	7 years
Noncompete Agreements [Member]
Finite life intangible assets acquired	$ 140
Acquired intangible asset, useful life (Year)	5 years
Customer Relationships [Member]
Finite life intangible assets acquired	$ 7,490
Acquired intangible asset, useful life (Year)	20 years
Trade Names [Member]
Indefinite life intangible assets acquired	$ 4,880

Note 3 - Acquisition of EMI I_6

Note 3 - Acquisition of EMI Industries, LLC - Pro Forma Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Sales	$ 535,849	$ 578,169
Gross Profit	141,788	147,967
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations, Net of Tax	$ 36,303	$ 38,798

Note 4 - Segment Reporting In_3

Note 4 - Segment Reporting Information (Details Textual)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Number of Operating Segments	2
Intersegment Revenue Markup Percentage	10%
Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Number of Major Customers	0	0
Customer Concentration Risk [Member] | Accounts Receivable [Member]
Number of Major Customers	0	0

Note 4 - Segment Reporting In_4

Note 4 - Segment Reporting Information - Summarized Financial Information by Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Net sales	$ 138,095	$ 123,441
Operating Income (Loss)	9,131	11,028
Capital Expenditures	759	1,393
Depreciation and amortization	2,940	2,371
Corporate and Eliminations [Member]
Operating Income (Loss)	(4,336)	(4,944)
Capital Expenditures	0	12
Depreciation and amortization	93	86
Lighting Segment [Member]
Net sales	58,437	67,641
Lighting Segment [Member] | Operating Segments [Member]
Operating Income (Loss)	5,759	8,753
Capital Expenditures	712	862
Depreciation and amortization	1,212	1,309
Display Solutions Segment [Member]
Net sales	79,658	55,800
Display Solutions Segment [Member] | Operating Segments [Member]
Operating Income (Loss)	7,708	7,219
Capital Expenditures	47	519
Depreciation and amortization	$ 1,635	$ 976

Note 4 - Segment Reporting In_5

Note 4 - Segment Reporting Information - Identifiable Assets by Segment (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Total Assets	$ 349,502	$ 348,800
Corporate and Eliminations [Member]
Total Assets	9,003	9,857
Lighting Segment [Member] | Operating Segments [Member]
Total Assets	125,965	130,695
Display Solutions Segment [Member] | Operating Segments [Member]
Total Assets	$ 214,534	$ 208,248

Note 4 - Segment Reporting In_6

Note 4 - Segment Reporting Information - Intersegment Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Net sales	$ 138,095	$ 123,441
Lighting Segment [Member]
Net sales	58,437	67,641
Display Solutions Segment [Member]
Net sales	79,658	55,800
Intersegment Eliminations [Member] | Lighting Segment [Member]
Net sales	5,984	6,864
Intersegment Eliminations [Member] | Display Solutions Segment [Member]
Net sales	$ 171	$ 455

Note 5 - Earnings Per Common _3

Note 5 - Earnings Per Common Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Sep. 30, 2024	Sep. 30, 2023
Net income		$ 6,682	$ 8,028
Weighted average shares outstanding during the period, net of treasury shares (in shares)		28,514	27,738
Weighted average vested restricted stock units outstanding (in shares)		989	937
Weighted average shares outstanding (in shares)		29,593	28,757
Basic income per share (in dollars per share)		$ 0.23	$ 0.28
Basic (in shares)		29,593	28,757
Impact of common shares to be issued under stock option plans, and Contingently issuable shares, if any (in shares)	[1]	937	1,198
Weighted average shares outstanding (in shares)		30,530	29,955
Diluted income per share (in dollars per share)		$ 0.22	$ 0.27
Anti-dilutive securities (b) (in shares)	[2]	265	0
Restricted Stock Units (RSUs) [Member]
Weighted average vested restricted stock units outstanding (in shares)		90	82
[1]Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period.[2]Anti-dilutive securities were excluded from the computation of diluted net income per share for the three months ended September 30, 2024, and September 30, 2023, because the exercise price was greater than the average fair market price of the common shares or because the assumed proceeds from the award’s exercise or vesting was greater than the average fair market price of the common shares.

Note 6 - Inventories, Net - Inv

Note 6 - Inventories, Net - Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Raw materials	$ 52,608	$ 52,644
Work-in-progress	6,344	6,244
Finished goods	12,310	12,025
Total Inventories	$ 71,262	$ 70,913

Note 7 - Accrued Expenses - Acc

Note 7 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Customer prepayments	$ 10,291	$ 8,475
Compensation and benefits	9,256	10,217
Accrued warranty	6,564	6,623
Accrued sales commissions	2,668	3,937
Accrued freight	2,159	2,270
Operating lease liabilities	5,182	5,560
Finance lease liabilities	324	324
Other accrued expenses	6,208	6,038
Total Accrued Expenses	$ 42,652	$ 43,444

Note 7 - Accrued Expenses - A_2

Note 7 - Accrued Expenses - Accrued Expenses (Details) (Parentheticals)	Sep. 30, 2024	Jun. 30, 2024
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses	Accrued expenses
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses	Accrued expenses

Note 8 - Goodwill and Other I_3

Note 8 - Goodwill and Other Intangible Assets (Details Textual)	3 Months Ended
	Sep. 30, 2024
Number of Reporting Units	4

Note 8 - Goodwill and Other I_4

Note 8 - Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Goodwill	$ 146,744	$ 146,685
Accumulated impairment losses	(89,288)	(89,288)
Goodwill	57,456	57,397
Lighting Segment [Member]
Goodwill	70,971	70,971
Accumulated impairment losses	(61,763)	(61,763)
Goodwill	9,208	9,208
Display Solutions Segment [Member]
Goodwill	75,773	75,714
Accumulated impairment losses	(27,525)	(27,525)
Goodwill	$ 48,248	$ 48,189

Note 8 - Goodwill and Other I_5

Note 8 - Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Amortized intangible assets, gross	$ 97,025	$ 97,025
Accumulated amortization	41,499	40,091
Amortized intangible assets, net	55,526	56,934
Indefinite-lived intangible assets, gross	16,982	16,982
Total other intangible assets, gross	114,007	114,007
Intangible assets, net	72,508	73,916
Trademarks and Trade Names [Member]
Indefinite-lived intangible assets, gross	16,982	16,982
Customer Relationships [Member]
Amortized intangible assets, gross	69,573	69,573
Accumulated amortization	22,310	21,332
Amortized intangible assets, net	47,263	48,241
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	24,126	24,126
Accumulated amortization	17,444	17,058
Amortized intangible assets, net	6,682	7,068
Trade Names [Member]
Amortized intangible assets, gross	2,658	2,658
Accumulated amortization	1,292	1,265
Amortized intangible assets, net	1,366	1,393
Noncompete Agreements [Member]
Amortized intangible assets, gross	400	400
Accumulated amortization	185	168
Amortized intangible assets, net	$ 215	$ 232

Note 8 - Goodwill and Other I_6

Note 8 - Goodwill and Other Intangible Assets - Amortization Expense of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Amortization expense of other intangible assets	$ 1,408	$ 1,190

Note 8 - Goodwill and Other I_7

Note 8 - Goodwill and Other Intangible Assets - Schedule of Future Amortization Expense (Details) $ in Thousands	Sep. 30, 2024 USD ($)
2025	$ 5,739
2026	5,733
2027	5,512
2028	5,125
2029	4,497
After 2029	$ 30,328

Note 9 - Debt (Details Textual)

Note 9 - Debt (Details Textual) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Sep. 30, 2021	Dec. 31, 2024	Sep. 30, 2024
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%
Secured Overnight Financing Rate (SOFR) [Member]
Debt Instrument, Basis Spread on Variable Rate	1%
Secured Overnight Financing Rate (SOFR) [Member] | Forecast [Member]
Debt Instrument, Basis Spread on Variable Rate		1%
Secured Overnight Financing Rate (SOFR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1%
Secured Overnight Financing Rate (SOFR) [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
Debt Instrument, Interest Rate, Effective Percentage			6%
Line of Credit Facility, Remaining Borrowing Capacity			$ 41.6
Term Loan [Member]
Debt Instrument, Face Amount	25
Debt Instrument, Annual Principal Payment	$ 3.6
Debt Instrument, Term	5 years

Note 9 - Debt - Debt (Details)

Note 9 - Debt - Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Secured line of credit	$ 33,415	$ 38,766
Total debt	47,689	54,229
Less: amounts due within one year	3,571	3,571
Total amounts due after one year, net	44,118	50,658
Term Loan [Member]
Total debt	$ 14,274	$ 15,463

Note 9 - Debt - Debt (Details)

Note 9 - Debt - Debt (Details) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Term Loan [Member]
Debt Issuance Costs, Net	$ 12	$ 14

Note 10 - Cash Dividends (Detai

Note 10 - Cash Dividends (Details Textual) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended
	Nov. 26, 2024	Sep. 30, 2024	Sep. 30, 2023
Payments of Dividends		$ 1.5	$ 1.4
Dividends Accrued		$ 0.2	$ 0.1
O 2025 A Dividends [Member]
Dividends Payable, Amount Per Share		$ 0.2
Subsequent Event [Member] | O 2025 Q2 Dividends [Member]
Dividends Payable, Amount Per Share	$ 0.05
Dividends Payable, Date to be Paid	Nov. 26, 2024
Dividends Payable, Date of Record	Nov. 18, 2024

Note 11 - Equity Compensation (

Note 11 - Equity Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended
	Nov. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Nov. 30, 2021
Share-Based Payment Arrangement, Expense		$ 1.1	$ 1.2
LSi Employee Stock Purchase Plan (ESPP) [Member]
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares		239,000		270,000
Employee Stock Ownership Plan (ESOP), Discount Percentage				10%
Employee Stock Ownership Plan (ESOP), Shares Contributed to ESOP		3,000
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period		107,217
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 14.92
Performance Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period		160,826
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 14.92
The 2019 Omnibus Award Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Additional Shares Authorized	2,350,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant		1,438,315
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

Note 12 - Supplemental Cash F_3

Note 12 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Interest	$ 865	$ 548
Income taxes	40	1,075
Issuance of common shares as compensation	113	113
Issuance of common shares to fund deferred compensation plan	487	437
Issuance of common shares to fund ESPP plan	$ 45	$ 57

Note 13 - Commitments and Con_2

Note 13 - Commitments and Contingencies (Details Textual) $ in Thousands	Sep. 30, 2024 USD ($)
Standby Letters of Credit [Member]
Letters of Credit Outstanding, Amount	$ 0

Note 14 - Leases (Details Textu

Note 14 - Leases (Details Textual)	Sep. 30, 2024
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term	7 years

Note 14 - Leases - Operating Le

Note 14 - Leases - Operating Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Operating lease cost	$ 1,622	$ 906
Fixed payments - operating lease cash flows	1,629	764
Total operating right-of-use assets	14,958		$ 15,912
Buildings under finance leases	2,033		2,033
Amortization of right of use assets	73	73
Liability reduction - operating cash flows	1,380	680
Operating lease liabilities	5,182		5,560
Total finance lease assets, gross	2,033		2,033
Interest on lease liabilities	11	15
Interest - operating cash flows	11	15
Long-term operating lease liability	10,782		11,267
Accumulated depreciation	(1,282)		(1,232)
Variable lease cost	7	22
Repayments of principal portion - financing cash flows	83	77
Total operating lease liabilities	15,964		16,827
Total finance lease assets, net	751		$ 842
Sublease income	$ 39	0
Weighted Average remaining Lease Term (in years) (Year)	3 years 4 months 6 days		3 years 5 months 26 days
Accrued expenses (Current liabilities)	$ 324		$ 324
Total lease cost	$ 1,674	$ 1,016
Weighted Average Discount Rate	5.93%		5.90%
Long-term finance lease liability	$ 553		$ 636
Total finance lease liabilities	$ 877		$ 960
Weighted Average remaining Lease Term (in years) (Year)	2 years 6 months 29 days		2 years 9 months 29 days
Weighted Average Discount Rate	4.86%		4.86%
Buildings Under Finance Leases [Member]
Buildings under finance leases	$ 2,033		$ 2,033
Total finance lease assets, gross	2,033		2,033
Equipment Under Finance Leases [Member]
Buildings under finance leases	0		41
Total finance lease assets, gross	$ 0		$ 41

Note 14 - Leases - Maturities o

Note 14 - Leases - Maturities of Lease Liability (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
2025, operating leases	$ 5,182
2025, finance leases	324
2025, net lease commitments	5,506
2026, operating leases	5,040
2026, finance leases	362
2026, net lease commitments	5,402
2027, operating leases	4,107
2027, finance leases	257
2027, net lease commitments	4,364
2028, operating leases	2,468
2028, finance leases	0
2028, net lease commitments	2,468
2029, operating leases	560
2029, finance leases	0
2029, net lease commitments	560
Thereafter, operating leases	374
Thereafter, finance leases	0
Thereafter, net lease commitments	374
Total lease payments, operating leases	17,731
Total lease payments, finance leases	943
Total lease payments, net lease commitments	18,674
Less: Interest, operating leases	(1,767)
Less: Interest, finance leases	(66)
Less: Interest, net lease commitments	(1,833)
Present Value of Lease Liabilities, operating leases	15,964	$ 16,827
Present Value of Lease Liabilities, finance leases	877	$ 960
Present Value of Lease Liabilities, net lease commitments	$ 16,841

Note 15 - Income Taxes - Reconc

Note 15 - Income Taxes - Reconciliation of Income Tax Rate (Details)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Provision for income taxes at the anticipated annual tax rate	25.80%	26.80%
Uncertain tax positions	0.80%	0.90%
Deferred income tax adjustment	2.20%	0%
Share-based compensation	(9.10%)	(5.10%)
Effective tax rate	19.70%	22.60%