LSI Industries (LYTS) 10-Q 7 Feb 25 2025 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2024	Jan. 29, 2025
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 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)		29,921,385
Entity Central Index Key	0000763532
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2025
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, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Net Sales	$ 147,734	$ 109,005	$ 285,829	$ 232,446
Cost of products and services sold	112,873	77,469	217,321	164,321
Gross profit	34,861	31,536	68,508	68,125
Selling and administrative expenses	26,402	23,717	50,918	49,278
Operating income	8,459	7,819	17,590	18,847
Interest expense	728	453	1,603	1,019
Other expense (income)	382	(29)	322	67
Income before income taxes	7,349	7,395	15,665	17,761
Income tax expense	1,702	1,489	3,336	3,827
Net income	$ 5,647	$ 5,906	$ 12,329	$ 13,934
Basic (in dollars per share)	$ 0.19	$ 0.2	$ 0.41	$ 0.48
Diluted (in dollars per share)	$ 0.18	$ 0.2	$ 0.4	$ 0.47
Weighted average common shares outstanding
Basic (in shares)	29,930	29,024	29,761	28,890
Diluted (in shares)	30,876	30,043	30,709	29,949

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Net Income	$ 5,647	$ 5,906	$ 12,329	$ 13,934
Foreign currency translation adjustment	(48)	71	(157)	15
Comprehensive Income	$ 5,599	$ 5,977	$ 12,172	$ 13,949

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Current assets
Cash and cash equivalents	$ 4,712	$ 4,110
Accounts receivable, less allowance for credit losses of $869 and $848, respectively	81,266	78,626
Inventories	69,426	70,913
Refundable income taxes	2,677	3,197
Other current assets	5,324	5,653
Total current assets	163,405	162,499
Property, Plant and Equipment, at cost
Land	4,029	4,010
Buildings	24,729	24,757
Machinery and equipment	76,443	74,204
Buildings under finance leases	2,033	2,033
Construction in progress	987	1,611
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization	108,221	106,615
Less accumulated depreciation	(76,687)	(73,655)
Net property, plant and equipment	31,534	32,960
Goodwill	57,456	57,397
Other intangible assets, net	71,100	73,916
Operating lease right-of-use assets	15,517	15,912
Other long-term assets, net	5,533	6,116
Total assets	344,545	348,800
LIABILITIES & SHAREHOLDERS' EQUITY
Current maturities of long-term debt	3,571	3,571
Accounts payable	32,322	32,192
Accrued expenses	42,655	43,444
Total current liabilities	78,548	79,207
Long-term debt	34,615	50,658
Finance lease liabilities	468	636
Operating lease liabilities	10,694	11,267
Other long-term liabilities	3,105	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 29,891,100 and 29,222,414 shares, respectively	159,926	156,365
Treasury shares, without par value	9,261	8,895
Deferred compensation plan	9,261	8,895
Retained earnings	57,144	47,788
Accumulated other comprehensive income	45	202
Total shareholders' equity	217,115	204,355
Total liabilities & shareholders' equity	$ 344,545	$ 348,800

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Accounts Receivable, Allowance for Credit Loss, Current	$ 869	$ 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)	29,891,100	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]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
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
ESPP stock Awards (in shares)	3
ESPP stock Awards	$ 57					57
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		$ 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	0	(1,380)	(1,380)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	0	0	0	(56)	0	(56)
Balance at Sep. 30, 2023	$ 151,067	$ (7,583)	7,583	283	35,196	186,546
Balance (in shares) at Sep. 30, 2023	28,878	(952)
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 at Dec. 31, 2023	$ 152,924	$ (8,088)	8,088	354	39,656	192,934
Balance (in shares) at Dec. 31, 2023	29,060	(988)
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)		$ 0	0	0	71	71
Board stock compensation (in shares)	7
Board stock compensation	$ 112			0		112
ESPP stock Awards (in shares)	4	0
ESPP stock Awards	$ 41	$ 0	0	0	0	41
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)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent		0	0	0	71	71
Balance at Dec. 31, 2023	$ 152,924	$ (8,088)	8,088	354	39,656	192,934
Balance (in shares) at Dec. 31, 2023	29,060	(988)
Balance (in shares)	29,060	(988)
Balance (in shares)	29,222	(1,036)
Balance (in shares) at Jun. 30, 2024	29,222	(1,036)
Balance at Jun. 30, 2024	$ 156,365	$ (8,895)	8,895	202	47,788	204,355
Net Income	0	0	0	0	6,682	6,682
Other comprehensive gain (loss)	$ 0	$ 0	0	(109)	0	(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	$ 0	0	0	0	45
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		$ 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	0	(1,481)	(1,481)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	$ 0	$ 0	0	(109)	0	(109)
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)
Balance at Sep. 30, 2024	$ 158,101	$ (8,755)	8,755	93	52,989	211,183
Balance (in shares) at Sep. 30, 2024	29,796	(994)
Balance (in shares) at Jun. 30, 2024	29,222	(1,036)
Balance at Jun. 30, 2024	$ 156,365	$ (8,895)	8,895	202	47,788	204,355
Net Income						12,329
Balance at Dec. 31, 2024	$ 159,926	$ (9,261)	9,261	45	57,144	217,115
Balance (in shares) at Dec. 31, 2024	29,891	(1,022)
Balance (in shares)	29,796	(994)
Balance (in shares) at Sep. 30, 2024	29,796	(994)
Balance at Sep. 30, 2024	$ 158,101	$ (8,755)	8,755	93	52,989	211,183
Net Income					5,647	5,647
Other comprehensive gain (loss)				(48)		(48)
Board stock compensation (in shares)	7
Board stock compensation	$ 112					112
ESPP stock Awards (in shares)	5
ESPP stock Awards	$ 65					65
Shares issued for deferred compensation (in shares)	27
Shares issued for deferred compensation	$ 507					507
Activity of treasury shares, net (in shares)		(28)
Activity of treasury shares, net		$ (506)				(506)
Deferred stock compensation			506			506
Stock-based compensation expense	$ 1,141					1,141
Stock options exercised, net (in shares)	30
Stock options exercised, net	$ 374					374
Dividends					(1,492)	(1,492)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent				(48)		(48)
Restricted stock units issued, net of shares withheld for tax withholdings (in shares)	26
Restricted stock units issued, net of shares withheld for tax withholdings	$ (374)					(374)
Balance at Dec. 31, 2024	$ 159,926	$ (9,261)	$ 9,261	$ 45	$ 57,144	$ 217,115
Balance (in shares) at Dec. 31, 2024	29,891	(1,022)
Balance (in shares)	29,891	(1,022)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
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, 2024	Dec. 31, 2023
Cash Flows from Operating Activities
Net Income	$ 12,329	$ 13,934
Non-cash items included in net income
Depreciation and amortization	5,958	4,728
Deferred income taxes	558	(591)
Deferred compensation plan	994	943
ESPP discount	110	98
Stock compensation expense	2,188	2,034
Issuance of common shares as compensation	225	225
(Gain) loss on disposition of fixed assets	(17)	141
Allowance for credit losses	21	25
Inventory obsolescence reserve	131	234
Changes in certain assets and liabilities
Accounts receivable	(2,661)	5,496
Inventories	1,356	3,330
Refundable income taxes	223	1,087
Accounts payable	130	(6,070)
Accrued expenses and other	(44)	(6,529)
Customer prepayments	236	783
Net cash flows provided by operating activities	21,737	19,868
Cash Flows from Investing Activities
Acquisition of EMI	59	0
Proceeds from the sale of fixed assets	46	26
Purchases of property, plant and equipment	(1,825)	(3,349)
Net cash flows used in investing activities	(1,838)	(3,323)
Cash Flows from Financing Activities
Payments of long-term debt	(96,265)	(96,600)
Borrowings of long-term debt	80,222	82,921
Cash dividends paid	(2,973)	(2,826)
Shares withheld for employees' taxes	(578)	(244)
Payments on financing lease obligations	(168)	(156)
Proceeds from stock option exercises	622	1,177
Net cash flows used in financing activities	(19,140)	(15,728)
Change related to foreign currency	(157)	15
Increase in cash and cash equivalents	602	832
Cash and cash equivalents at beginning of period	4,110	1,828
Cash and cash equivalents at end of period	$ 4,712	$ 2,660

Note 1 - Interim Condensed Cons

Note 1 - Interim Condensed Consolidated Financial Statements	6 Months Ended
	Dec. 31, 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 December 31, 2024, the results of its operations for the three and six-month periods ended December 31, 2024, and 2023, and its cash flows for the six-month periods ended December 31, 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	6 Months Ended
	Dec. 31, 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 the 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, 2024 December 31, 2023 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 48,366 $ 68,046 $ 54,619 $ 29,268 Products and services transferred over time 9,844 21,478 10,176 14,942 $ 58,210 $ 89,524 $ 64,795 $ 44,210 Three Months Ended December 31, 2024 December 31, 2023 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 47,580 $ 9,310 $ 53,116 $ 8,791 Poles, other display solution elements 9,945 60,726 10,968 24,829 Project management, installation services, shipping and handling 685 19,488 711 10,590 $ 58,210 $ 89,524 $ 64,795 $ 44,210 Six Months Ended December 31, 2024 December 31, 2023 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 96,577 $ 130,140 $ 112,271 $ 69,256 Products and services transferred over time 20,069 39,043 20,165 30,754 $ 116,646 $ 169,183 $ 132,436 $ 100,010 Six Months Ended December 31, 2024 December 31, 2023 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 95,009 $ 17,746 $ 108,607 $ 17,724 Poles, other display solution elements 20,338 116,429 22,351 59,698 Project management, installation services, shipping and handling 1,299 35,008 1,478 22,588 $ 116,646 $ 169,183 $ 132,436 $ 100,010 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	6 Months Ended
	Dec. 31, 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 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. Twelve Months Ended (in thousands; unaudited) 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	6 Months Ended
	Dec. 31, 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 Summarized financial information for the Company’s operating segments is provided for the indicated periods and as of December 31, 2024, and December 31, 2023: Three Months Ended Six Months Ended (In thousands) December 31 December 31 2024 2023 2024 2023 Net Sales: Lighting Segment $ 58,210 $ 64,795 $ 116,646 $ 132,436 Display Solutions Segment 89,524 44,210 169,183 100,010 $ 147,734 $ 109,005 $ 285,829 $ 232,446 Operating Income (Loss): Lighting Segment $ 5,972 $ 8,856 $ 11,731 $ 17,609 Display Solutions Segment $ 8,127 3,302 15,834 10,521 Corporate and Eliminations (5,640 ) (4,339 ) (9,975 ) (9,283 ) $ 8,459 $ 7,819 $ 17,590 $ 18,847 Capital Expenditures: Lighting Segment $ 509 $ 1,151 $ 1,221 $ 2,013 Display Solutions Segment $ 529 529 576 1,048 Corporate and Eliminations 28 276 28 288 $ 1,066 $ 1,956 $ 1,825 $ 3,349 Depreciation and Amortization: Lighting Segment $ 1,281 $ 1,293 $ 2,493 $ 2,602 Display Solutions Segment $ 1,656 989 3,291 1,965 Corporate and Eliminations $ 81 75 174 161 $ 3,018 $ 2,357 $ 5,958 $ 4,728 December 31, 2024 June 30, 2024 Total Assets: Lighting Segment $ 119,006 $ 130,695 Display Solutions Segment 215,824 208,248 Corporate and Eliminations 9,715 9,857 $ 344,545 $ 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 inter-segment profit in inventory is eliminated in consolidation. Intersegment revenues were eliminated in consolidation as follows: Inter-segment sales Three Months Ended Six Months Ended (In thousands) December 31 December 31 2024 2023 2024 2023 Lighting Segment inter-segment net sales $ 6,053 $ 5,286 $ 12,037 $ 12,150 Display Solutions Segment inter-segment net sales $ 133 $ (15 ) $ 304 $ 440

Note 5 - Earnings Per Common Sh

Note 5 - Earnings Per Common Share	6 Months Ended
	Dec. 31, 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: Three Months Ended Six Months Ended December 31 December 31 2024 2023 2024 2023 BASIC EARNINGS PER SHARE Net income $ 5,647 $ 5,906 $ 12,329 $ 13,934 Weighted average shares outstanding during the period, net of treasury shares 28,848 27,979 28,681 27,858 Weighted average vested restricted stock units outstanding 72 76 81 78 Weighted average shares outstanding in the Deferred Compensation Plan during the period 1,010 969 999 954 Weighted average shares outstanding 29,930 29,024 29,761 28,890 Basic earnings per common share $ 0.19 $ 0.20 $ 0.41 $ 0.48 DILUTED EARNINGS PER SHARE Net income $ 5,647 $ 5,906 $ 12,329 $ 13,934 Weighted average shares outstanding: Basic 29,930 29,024 29,761 28,890 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 946 1,019 948 1,059 Weighted average shares outstanding 30,876 30,043 30,709 29,949 Diluted earnings per common share $ 0.18 $ 0.20 $ 0.40 $ 0.47 Anti-dilutive securities (b) 265 - 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 and six months ended December 31, 2024, and December 31, 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	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 6 INVENTORIES, NET The following information is provided as of the dates indicated: December 31, June 30, (In thousands) 2024 2024 Inventories: Raw materials $ 49,388 $ 52,644 Work-in-progress 6,891 6,244 Finished goods 13,147 12,025 Total Inventories $ 69,426 $ 70,913

Note 7 - Accrued Expenses

Note 7 - Accrued Expenses	6 Months Ended
	Dec. 31, 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: December 31, June 30, (In thousands) 2024 2024 Accrued Expenses: Customer prepayments $ 8,714 $ 8,475 Compensation and benefits 9,110 9,704 Accrued warranty 6,653 6,623 Operating lease liabilities 5,619 5,560 Accrued sales commissions 2,691 3,937 Accrued Freight 2,353 2,270 Accrued FICA 492 513 Finance lease liabilities 327 324 Other accrued expenses 6,696 6,038 Total Accrued Expenses $ 42,655 $ 43,444

Note 8 - Goodwill and Other Int

Note 8 - Goodwill and Other Intangible Assets	6 Months Ended
	Dec. 31, 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 the 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 One three 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, 2024 Goodwill $ 70,971 $ 75,773 $ 146,744 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of December 31, 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: Other Intangible Assets December 31, 2024 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 69,573 $ 23,227 $ 46,346 Patents 268 268 - LED technology firmware, software 24,126 17,876 6,250 Trade name 2,658 1,319 1,339 Non-compete 400 217 183 Total Amortized Intangible Assets 97,025 42,907 54,118 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 $ 42,907 $ 71,100 Other Intangible Assets June 30, 2024 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 69,573 $ 21,332 $ 48,241 Patents 268 268 - LED technology firmware, 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 Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2024 2023 2024 2023 Amortization Expense of Other Intangible Assets $ 1,408 $ 1,190 $ 2,816 $ 2,380 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	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 9 - DEBT The Company’s long-term debt as of December 31, 2024, and June 30, 2024, consisted of the following: December 31, June 30, (In thousands) 2024 2024 Secured line of credit $ 24,803 $ 38,766 Term loan, net of debt issuance costs of $10 and $14, respectively 13,383 15,463 Total debt $ 38,186 $ 54,229 Less: amounts due within one year 3,571 3,571 Total amounts due after one year, net $ 34,615 $ 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 first quarter of fiscal 2027. 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, 2024.

Note 10 - Cash Dividends

Note 10 - Cash Dividends	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Equity [Text Block]	NOTE 10 - CASH DIVIDENDS The Company paid cash dividends of $3.0 million and $2.8 million for the six months ended December 31, 2024, and December 31, 2023, respectively. Dividends on restricted stock units in the amount of $0.2 million and $0.1million were accrued as of both December 31, 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 January 2025, the Board of Directors declared a regular quarterly cash dividend of $0.05 per share payable February 11, 2025, to shareholders of record as February 3, 2025. The indicated annual cash dividend rate is $0.20 per share.

Note 11 - Equity Compensation

Note 11 - Equity Compensation	6 Months Ended
	Dec. 31, 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-year In the first quarter of fiscal 2025, 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 $0.8 million for the three months ended December 31, 2024, and 2023, respectively, and $2.2 million and $2.0 million in the six months ended December 31, 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 8,000 shares. At December 31, 2024, 234,000 shares remained available for purchase under the ESPP.

Note 12 - Supplemental Cash Flo

Note 12 - Supplemental Cash Flow Information	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 12 - SUPPLEMENTAL CASH FLOW INFORMATION Six Months Ended (In thousands) December 31 2024 2023 Cash Payments: Interest $ 1,460 $ 1,006 Income taxes $ 2,321 $ 3,375 Non-cash investing and financing activities Issuance of common shares as compensation $ 225 $ 225 Issuance of common shares to fund deferred compensation plan $ 994 $ 943 Issuance of common shares to fund ESPP plan $ 110 $ 98

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	6 Months Ended
	Dec. 31, 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 December 31, 2024, there were no

Note 14 - Leases

Note 14 - Leases	6 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Lessee, 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 December 31, 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 Six Months Ended December 31 December 31 (In thousands) 2024 2023 2024 2023 Operating lease cost $ 1,610 $ 993 $ 3,231 $ 1,900 Financing lease cost: Amortization of right of use assets 73 73 145 146 Interest on lease liabilities 10 14 22 28 Variable lease cost - 22 7 44 Sublease income - (116 ) (39 ) (232 ) Total lease cost $ 1,693 $ 986 $ 3,366 $ 1,886 Supplemental Cash Flow Information: Six Months Ended December 31 (In thousands) 2024 2023 Cash flows from operating leases Fixed payments - operating cash flows $ 3,298 $ 1,778 Liability reduction - operating cash flows $ 2,813 $ 1,537 Cash flows from finance leases Interest - operating cash flows $ 21 $ 28 Repayments of principal portion - financing cash flows $ 168 $ 156 Operating Leases: December 31, June 30, 2024 2024 Total operating right-of-use assets $ 15,517 $ 15,912 Accrued expenses (Current liabilities) $ 5,619 $ 5,560 Long-term operating lease liability 10,694 11,267 Total operating lease liabilities $ 16,313 $ 16,827 Weighted Average remaining Lease Term (in years) 3.40 3.49 Weighted Average Discount Rate 5.82 % 5.90 % Finance Leases: December 31, June 30, 2024 2024 Buildings under finance leases $ 2,033 $ 2,033 Equipment under finance leases - 41 Accumulated depreciation (1,355 ) (1,232 ) Total finance lease assets, net $ 678 $ 842 Accrued expenses (Current liabilities) $ 327 $ 324 Long-term finance lease liability 468 636 Total finance lease liabilities $ 795 $ 960 Weighted Average remaining Lease Term (in years) 2.33 2.83 Weighted Average Discount Rate 4.86 % 4.86 % Maturities of Lease Liability: Operating Lease Liabilities Finance Lease Liabilities Operating Subleases Net Lease Commitments 2025 $ 5,619 $ 327 $ (38 ) $ 5,908 2026 5,360 362 - 5,722 2027 4,337 150 - 4,487 2028 1,319 - - 1,319 2029 972 - - 972 Thereafter 489 - - 489 Total lease payments $ 18,096 $ 839 $ (38 ) $ 18,897 Less: Interest (1,783 ) (44 ) (1,827 ) Present Value of Lease Liabilities $ 16,313 $ 795 $ 17,070

Note 15 - Income Taxes

Note 15 - Income Taxes	6 Months Ended
	Dec. 31, 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 Six Months Ended December 31 December 31 2024 2023 2024 2023 Reconciliation of effective tax rate: Provision for income taxes at the anticipated annual tax rate 26.7 % 25.6 % 26.2 % 26.3 % Uncertain tax positions (1.5 ) (2.8 ) (0.2 ) (0.6 ) Deferred Income Tax Adjustment - - 1.1 - Share-based compensation (2.0 ) (2.7 ) (5.8 ) (4.2 ) Effective tax rate 23.2 % 20.1 % 21.3 % 21.5 %

Insider Trading Arrangements

Insider Trading Arrangements	6 Months Ended
	Dec. 31, 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)	6 Months Ended
	Dec. 31, 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 the 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, 2024 December 31, 2023 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 48,366 $ 68,046 $ 54,619 $ 29,268 Products and services transferred over time 9,844 21,478 10,176 14,942 $ 58,210 $ 89,524 $ 64,795 $ 44,210 Three Months Ended December 31, 2024 December 31, 2023 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 47,580 $ 9,310 $ 53,116 $ 8,791 Poles, other display solution elements 9,945 60,726 10,968 24,829 Project management, installation services, shipping and handling 685 19,488 711 10,590 $ 58,210 $ 89,524 $ 64,795 $ 44,210 Six Months Ended December 31, 2024 December 31, 2023 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 96,577 $ 130,140 $ 112,271 $ 69,256 Products and services transferred over time 20,069 39,043 20,165 30,754 $ 116,646 $ 169,183 $ 132,436 $ 100,010 Six Months Ended December 31, 2024 December 31, 2023 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 95,009 $ 17,746 $ 108,607 $ 17,724 Poles, other display solution elements 20,338 116,429 22,351 59,698 Project management, installation services, shipping and handling 1,299 35,008 1,478 22,588 $ 116,646 $ 169,183 $ 132,436 $ 100,010 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)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended (In thousands) December 31, 2024 December 31, 2023 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 48,366 $ 68,046 $ 54,619 $ 29,268 Products and services transferred over time 9,844 21,478 10,176 14,942 $ 58,210 $ 89,524 $ 64,795 $ 44,210 Three Months Ended December 31, 2024 December 31, 2023 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 47,580 $ 9,310 $ 53,116 $ 8,791 Poles, other display solution elements 9,945 60,726 10,968 24,829 Project management, installation services, shipping and handling 685 19,488 711 10,590 $ 58,210 $ 89,524 $ 64,795 $ 44,210 Six Months Ended December 31, 2024 December 31, 2023 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 96,577 $ 130,140 $ 112,271 $ 69,256 Products and services transferred over time 20,069 39,043 20,165 30,754 $ 116,646 $ 169,183 $ 132,436 $ 100,010 Six Months Ended December 31, 2024 December 31, 2023 Lighting Segment Display Solutions Segment Lighting Segment Display Solutions Segment Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 95,009 $ 17,746 $ 108,607 $ 17,724 Poles, other display solution elements 20,338 116,429 22,351 59,698 Project management, installation services, shipping and handling 1,299 35,008 1,478 22,588 $ 116,646 $ 169,183 $ 132,436 $ 100,010

Note 3 - Acquisition of EMI I_2

Note 3 - Acquisition of EMI Industries, LLC (Tables)	6 Months Ended
	Dec. 31, 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]	Twelve Months Ended (in thousands; unaudited) 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)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Six Months Ended (In thousands) December 31 December 31 2024 2023 2024 2023 Net Sales: Lighting Segment $ 58,210 $ 64,795 $ 116,646 $ 132,436 Display Solutions Segment 89,524 44,210 169,183 100,010 $ 147,734 $ 109,005 $ 285,829 $ 232,446 Operating Income (Loss): Lighting Segment $ 5,972 $ 8,856 $ 11,731 $ 17,609 Display Solutions Segment $ 8,127 3,302 15,834 10,521 Corporate and Eliminations (5,640 ) (4,339 ) (9,975 ) (9,283 ) $ 8,459 $ 7,819 $ 17,590 $ 18,847 Capital Expenditures: Lighting Segment $ 509 $ 1,151 $ 1,221 $ 2,013 Display Solutions Segment $ 529 529 576 1,048 Corporate and Eliminations 28 276 28 288 $ 1,066 $ 1,956 $ 1,825 $ 3,349 Depreciation and Amortization: Lighting Segment $ 1,281 $ 1,293 $ 2,493 $ 2,602 Display Solutions Segment $ 1,656 989 3,291 1,965 Corporate and Eliminations $ 81 75 174 161 $ 3,018 $ 2,357 $ 5,958 $ 4,728
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, 2024 June 30, 2024 Total Assets: Lighting Segment $ 119,006 $ 130,695 Display Solutions Segment 215,824 208,248 Corporate and Eliminations 9,715 9,857 $ 344,545 $ 348,800
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 2024 2023 2024 2023 Lighting Segment inter-segment net sales $ 6,053 $ 5,286 $ 12,037 $ 12,150 Display Solutions Segment inter-segment net sales $ 133 $ (15 ) $ 304 $ 440

Note 5 - Earnings Per Common _2

Note 5 - Earnings Per Common Share (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 2024 2023 2024 2023 BASIC EARNINGS PER SHARE Net income $ 5,647 $ 5,906 $ 12,329 $ 13,934 Weighted average shares outstanding during the period, net of treasury shares 28,848 27,979 28,681 27,858 Weighted average vested restricted stock units outstanding 72 76 81 78 Weighted average shares outstanding in the Deferred Compensation Plan during the period 1,010 969 999 954 Weighted average shares outstanding 29,930 29,024 29,761 28,890 Basic earnings per common share $ 0.19 $ 0.20 $ 0.41 $ 0.48 DILUTED EARNINGS PER SHARE Net income $ 5,647 $ 5,906 $ 12,329 $ 13,934 Weighted average shares outstanding: Basic 29,930 29,024 29,761 28,890 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 946 1,019 948 1,059 Weighted average shares outstanding 30,876 30,043 30,709 29,949 Diluted earnings per common share $ 0.18 $ 0.20 $ 0.40 $ 0.47 Anti-dilutive securities (b) 265 - 265 -

Note 6 - Inventories, Net (Tabl

Note 6 - Inventories, Net (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, June 30, (In thousands) 2024 2024 Inventories: Raw materials $ 49,388 $ 52,644 Work-in-progress 6,891 6,244 Finished goods 13,147 12,025 Total Inventories $ 69,426 $ 70,913

Note 7 - Accrued Expenses (Tabl

Note 7 - Accrued Expenses (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	December 31, June 30, (In thousands) 2024 2024 Accrued Expenses: Customer prepayments $ 8,714 $ 8,475 Compensation and benefits 9,110 9,704 Accrued warranty 6,653 6,623 Operating lease liabilities 5,619 5,560 Accrued sales commissions 2,691 3,937 Accrued Freight 2,353 2,270 Accrued FICA 492 513 Finance lease liabilities 327 324 Other accrued expenses 6,696 6,038 Total Accrued Expenses $ 42,655 $ 43,444

Note 8 - Goodwill and Other I_2

Note 8 - Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Goodwill [Table Text Block]	Goodwill Display (In thousands) Lighting Solutions Segment Segment Total Balance as of December 31, 2024 Goodwill $ 70,971 $ 75,773 $ 146,744 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of December 31, 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]	Other Intangible Assets December 31, 2024 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 69,573 $ 23,227 $ 46,346 Patents 268 268 - LED technology firmware, software 24,126 17,876 6,250 Trade name 2,658 1,319 1,339 Non-compete 400 217 183 Total Amortized Intangible Assets 97,025 42,907 54,118 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 $ 42,907 $ 71,100 Other Intangible Assets June 30, 2024 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 69,573 $ 21,332 $ 48,241 Patents 268 268 - LED technology firmware, 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]	Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2024 2023 2024 2023 Amortization Expense of Other Intangible Assets $ 1,408 $ 1,190 $ 2,816 $ 2,380
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)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Debt [Table Text Block]	December 31, June 30, (In thousands) 2024 2024 Secured line of credit $ 24,803 $ 38,766 Term loan, net of debt issuance costs of $10 and $14, respectively 13,383 15,463 Total debt $ 38,186 $ 54,229 Less: amounts due within one year 3,571 3,571 Total amounts due after one year, net $ 34,615 $ 50,658

Note 12 - Supplemental Cash F_2

Note 12 - Supplemental Cash Flow Information (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Six Months Ended (In thousands) December 31 2024 2023 Cash Payments: Interest $ 1,460 $ 1,006 Income taxes $ 2,321 $ 3,375 Non-cash investing and financing activities Issuance of common shares as compensation $ 225 $ 225 Issuance of common shares to fund deferred compensation plan $ 994 $ 943 Issuance of common shares to fund ESPP plan $ 110 $ 98

Note 14 - Leases (Tables)

Note 14 - Leases (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 (In thousands) 2024 2023 2024 2023 Operating lease cost $ 1,610 $ 993 $ 3,231 $ 1,900 Financing lease cost: Amortization of right of use assets 73 73 145 146 Interest on lease liabilities 10 14 22 28 Variable lease cost - 22 7 44 Sublease income - (116 ) (39 ) (232 ) Total lease cost $ 1,693 $ 986 $ 3,366 $ 1,886 Supplemental Cash Flow Information: Six Months Ended December 31 (In thousands) 2024 2023 Cash flows from operating leases Fixed payments - operating cash flows $ 3,298 $ 1,778 Liability reduction - operating cash flows $ 2,813 $ 1,537 Cash flows from finance leases Interest - operating cash flows $ 21 $ 28 Repayments of principal portion - financing cash flows $ 168 $ 156 Operating Leases: December 31, June 30, 2024 2024 Total operating right-of-use assets $ 15,517 $ 15,912 Accrued expenses (Current liabilities) $ 5,619 $ 5,560 Long-term operating lease liability 10,694 11,267 Total operating lease liabilities $ 16,313 $ 16,827 Weighted Average remaining Lease Term (in years) 3.40 3.49 Weighted Average Discount Rate 5.82 % 5.90 % Finance Leases: December 31, June 30, 2024 2024 Buildings under finance leases $ 2,033 $ 2,033 Equipment under finance leases - 41 Accumulated depreciation (1,355 ) (1,232 ) Total finance lease assets, net $ 678 $ 842 Accrued expenses (Current liabilities) $ 327 $ 324 Long-term finance lease liability 468 636 Total finance lease liabilities $ 795 $ 960 Weighted Average remaining Lease Term (in years) 2.33 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 Operating Subleases Net Lease Commitments 2025 $ 5,619 $ 327 $ (38 ) $ 5,908 2026 5,360 362 - 5,722 2027 4,337 150 - 4,487 2028 1,319 - - 1,319 2029 972 - - 972 Thereafter 489 - - 489 Total lease payments $ 18,096 $ 839 $ (38 ) $ 18,897 Less: Interest (1,783 ) (44 ) (1,827 ) Present Value of Lease Liabilities $ 16,313 $ 795 $ 17,070

Note 15 - Income Taxes (Tables)

Note 15 - Income Taxes (Tables)	6 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Three Months Ended Six Months Ended December 31 December 31 2024 2023 2024 2023 Reconciliation of effective tax rate: Provision for income taxes at the anticipated annual tax rate 26.7 % 25.6 % 26.2 % 26.3 % Uncertain tax positions (1.5 ) (2.8 ) (0.2 ) (0.6 ) Deferred Income Tax Adjustment - - 1.1 - Share-based compensation (2.0 ) (2.7 ) (5.8 ) (4.2 ) Effective tax rate 23.2 % 20.1 % 21.3 % 21.5 %

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, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Net Sales	$ 147,734	$ 109,005	$ 285,829	$ 232,446
Lighting Segment [Member]
Net Sales	58,210	64,795	116,646	132,436
Lighting Segment [Member] | Transferred at Point in Time [Member]
Net Sales	48,366	54,619	96,577	112,271
Lighting Segment [Member] | Transferred over Time [Member]
Net Sales	9,844	10,176	20,069	20,165
Lighting Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Net Sales	47,580	53,116	95,009	108,607
Lighting Segment [Member] | Poles, Other Display Solution Elements [Member]
Net Sales	9,945	10,968	20,338	22,351
Lighting Segment [Member] | Project Management, Installation Services, Shipping and Handling [Member]
Net Sales	685	711	1,299	1,478
Display Solutions Segment [Member]
Net Sales	89,524	44,210	169,183	100,010
Display Solutions Segment [Member] | Transferred at Point in Time [Member]
Net Sales	68,046	29,268	130,140	69,256
Display Solutions Segment [Member] | Transferred over Time [Member]
Net Sales	21,478	14,942	39,043	30,754
Display Solutions Segment [Member] | LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Net Sales	9,310	8,791	17,746	17,724
Display Solutions Segment [Member] | Poles, Other Display Solution Elements [Member]
Net Sales	60,726	24,829	116,429	59,698
Display Solutions Segment [Member] | Project Management, Installation Services, Shipping and Handling [Member]
Net Sales	$ 19,488	$ 10,590	$ 35,008	$ 22,588

Note 3 - Acquisition of EMI I_3

Note 3 - Acquisition of EMI Industries, LLC (Details Textual) - USD ($)		2 Months Ended	3 Months Ended	6 Months Ended		12 Months Ended
	Apr. 18, 2024	Jun. 30, 2024	Sep. 30, 2024	Dec. 31, 2024	Dec. 31, 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				$ 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	Dec. 31, 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)	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Number of Operating Segments	2
Intersegment Revenue Markup Percentage	10%
Revenue Benchmark [Member] | Customer Concentration Risk [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		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Net Sales	$ 147,734	$ 109,005	$ 285,829	$ 232,446
Operating Income (Loss)	8,459	7,819	17,590	18,847
Capital Expenditures	1,066	1,956	1,825	3,349
Depreciation and amortization	3,018	2,357	5,958	4,728
Corporate and Eliminations [Member]
Operating Income (Loss)	(5,640)	(4,339)	(9,975)	(9,283)
Capital Expenditures	28	276	28	288
Depreciation and amortization	81	75	174	161
Lighting Segment [Member]
Net Sales	58,210	64,795	116,646	132,436
Lighting Segment [Member] | Operating Segments [Member]
Operating Income (Loss)	5,972	8,856	11,731	17,609
Capital Expenditures	509	1,151	1,221	2,013
Depreciation and amortization	1,281	1,293	2,493	2,602
Display Solutions Segment [Member]
Net Sales	89,524	44,210	169,183	100,010
Display Solutions Segment [Member] | Operating Segments [Member]
Operating Income (Loss)	8,127	3,302	15,834	10,521
Capital Expenditures	529	529	576	1,048
Depreciation and amortization	$ 1,656	$ 989	$ 3,291	$ 1,965

Note 4 - Segment Reporting In_5

Note 4 - Segment Reporting Information - Identifiable Assets by Segment (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Total Assets	$ 344,545	$ 348,800
Corporate and Eliminations [Member]
Total Assets	9,715	9,857
Lighting Segment [Member] | Operating Segments [Member]
Total Assets	119,006	130,695
Display Solutions Segment [Member] | Operating Segments [Member]
Total Assets	$ 215,824	$ 208,248

Note 4 - Segment Reporting In_6

Note 4 - Segment Reporting Information - Intersegment Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Net sales	$ 147,734	$ 109,005	$ 285,829	$ 232,446
Lighting Segment [Member]
Net sales	58,210	64,795	116,646	132,436
Display Solutions Segment [Member]
Net sales	89,524	44,210	169,183	100,010
Intersegment Eliminations [Member] | Lighting Segment [Member]
Net sales	6,053	5,286	12,037	12,150
Intersegment Eliminations [Member] | Display Solutions Segment [Member]
Net sales	$ 133	$ (15)	$ 304	$ 440

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				6 Months Ended
		Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2024	Dec. 31, 2023
Net Income		$ 5,647	$ 6,682	$ 5,906	$ 8,028	$ 12,329	$ 13,934
Weighted average shares outstanding during the period, net of treasury shares (in shares)		28,848		27,979		28,681	27,858
Weighted average vested restricted stock units outstanding (in shares)		1,010		969		999	954
Weighted average shares outstanding (in shares)		29,930		29,024		29,761	28,890
Basic earnings per common share (in dollars per share)		$ 0.19		$ 0.2		$ 0.41	$ 0.48
Basic (in shares)		29,930		29,024		29,761	28,890
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any (in shares)	[1]	946		1,019		948	1,059
Weighted average shares outstanding (in shares)		30,876		30,043		30,709	29,949
Diluted earnings per common share (in dollars per share)		$ 0.18		$ 0.2		$ 0.4	$ 0.47
Anti-dilutive securities (b) (in shares)	[2]	265		0		265	0
Restricted Stock Units (RSUs) [Member]
Weighted average vested restricted stock units outstanding (in shares)		72		76		81	78
[1]Calculated using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period.[2]Anti-dilutive securities were excluded from the computation of diluted net income per share for the three and six months ended December 31, 2024, and December 31, 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	Dec. 31, 2024	Jun. 30, 2024
Raw materials	$ 49,388	$ 52,644
Work-in-progress	6,891	6,244
Finished goods	13,147	12,025
Total Inventories	$ 69,426	$ 70,913

Note 7 - Accrued Expenses - Acc

Note 7 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Customer prepayments	$ 8,714	$ 8,475
Compensation and benefits	9,110	9,704
Accrued warranty	6,653	6,623
Operating lease liabilities	5,619	5,560
Accrued sales commissions	2,691	3,937
Accrued freight	2,353	2,270
Accrued FICA	492	513
Finance lease liabilities	327	324
Other accrued expenses	6,696	6,038
Total Accrued Expenses	$ 42,655	$ 43,444

Note 8 - Goodwill and Other I_3

Note 8 - Goodwill and Other Intangible Assets (Details Textual)	6 Months Ended
	Dec. 31, 2024
Number of Reporting Units	3
Lighting Segment [Member]
Number of Reporting Units	1
Display Solutions Segment [Member]
Number of Reporting Units	2

Note 8 - Goodwill and Other I_4

Note 8 - Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
Goodwill	$ 146,744	$ 146,685
Accumulated impairment losses	(89,288)	(89,288)
Goodwill, net	57,456	57,397
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	75,773	75,714
Accumulated impairment losses	(27,525)	(27,525)
Goodwill, net	$ 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	Dec. 31, 2024	Jun. 30, 2024
finite lived, gross	$ 97,025	$ 97,025
finite lived, accumulated amortization	42,907	40,091
finite lived, net	54,118	56,934
indefinite lived	16,982	16,982
Total Other Intangible Assets	114,007	114,007
Other intangible assets, net	71,100	73,916
Trademarks and Trade Names [Member]
indefinite lived	16,982	16,982
Customer Relationships [Member]
finite lived, gross	69,573	69,573
finite lived, accumulated amortization	23,227	21,332
finite lived, net	46,346	48,241
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		24,126
finite lived, accumulated amortization		17,058
finite lived, net		7,068
Trade Names [Member]
finite lived, gross	2,658	2,658
finite lived, accumulated amortization	1,319	1,265
finite lived, net	1,339	1,393
Noncompete Agreements [Member]
finite lived, gross	400	400
finite lived, accumulated amortization	217	168
finite lived, net	183	$ 232
Technology-Based Intangible Assets [Member]
finite lived, gross	24,126
finite lived, accumulated amortization	17,876
finite lived, net	$ 6,250

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		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Amortization Expense of Other Intangible Assets	$ 1,408	$ 1,190	$ 2,816	$ 2,380

Note 8 - Goodwill and Other I_7

Note 8 - Goodwill and Other Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Dec. 31, 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
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%	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	$ 75
Debt Instrument, Interest Rate, Effective Percentage		5.70%
Line of Credit Facility, Remaining Borrowing Capacity		$ 50.2
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	Dec. 31, 2024	Jun. 30, 2024
Secured line of credit	$ 24,803	$ 38,766
Long Term Debt	38,186	54,229
Less: amounts due within one year	3,571	3,571
Total amounts due after one year, net	34,615	50,658
Term Loan [Member]
Long Term Debt	$ 13,383	$ 15,463

Note 9 - Debt - Debt (Details)

Note 9 - Debt - Debt (Details) (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024
Term Loan [Member]
Debt Issuance Costs, Net	$ 10	$ 14

Note 10 - Cash Dividends (Detai

Note 10 - Cash Dividends (Details Textual) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	6 Months Ended
	Jan. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Payments of Dividends, Total		$ 3	$ 2.8
Dividends Payable		$ 0.2	$ 0.1
Annual Indicated per Share Dividend Rate		$ 0.2
O2025Q3 Dividends [Member] | Subsequent Event [Member]
Quarterly Indicated Per Share Dividend Rate	$ 0.05
Dividends Payable, Date to be Paid	Feb. 11, 2025
Dividends Payable, Date of Record	Feb. 03, 2025

Note 11 - Equity Compensation (

Note 11 - Equity Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended			6 Months Ended
	Nov. 30, 2022	Dec. 31, 2024	Sep. 30, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Nov. 30, 2021
Share-Based Payment Arrangement, Expense		$ 1.1		$ 0.8	$ 2.2	$ 2
LSi Employee Stock Purchase Plan (ESPP) [Member]
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares		234,000			234,000		270,000
Employee Stock Ownership Plan (ESOP), Discount Percentage							10%
Employee Stock Ownership Plan (ESOP), Shares Contributed to ESOP					8,000
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		1,403,708			1,403,708
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			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 (in dollars per share)			$ 14.92
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			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 (in dollars per share)			$ 14.92

Note 12 - Supplemental Cash F_3

Note 12 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Interest	$ 1,460	$ 1,006
Income taxes	2,321	3,375
Issuance of common shares as compensation	225	225
Issuance of common shares to fund deferred compensation plan	994	943
Issuance of common shares to fund ESPP plan	$ 110	$ 98

Note 13 - Commitments and Con_2

Note 13 - Commitments and Contingencies (Details Textual) $ in Thousands	Dec. 31, 2024 USD ($)
Standby Letters of Credit [Member]
Letters of Credit Outstanding, Amount	$ 0

Note 14 - Leases (Details Textu

Note 14 - Leases (Details Textual)	6 Months Ended
	Dec. 31, 2024
Minimum [Member]
Lessee, Leases, Remaining Term	1 year
Maximum [Member]
Lessee, Leases, Remaining Term	7 years

Note 14 - Leases - Operating Le

Note 14 - Leases - Operating Lease Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2024
Operating lease cost	$ 1,610	$ 993	$ 3,231	$ 1,900
Total operating right-of-use assets	15,517		15,517		$ 15,912
Buildings under finance leases	2,033		2,033		2,033
Fixed payments - operating cash flows			3,298	1,778
Operating lease liabilities	5,619		5,619		5,560
Liability reduction - operating cash flows			2,813	1,537
Long-term operating lease liability	10,694		10,694		11,267
Accumulated depreciation	(1,355)		(1,355)		(1,232)
Amortization of right of use assets	73	73	145	146
Interest - operating cash flows			21	28
Total operating lease liabilities	16,313		16,313		16,827
Total finance lease assets, net	$ 678		678		$ 842
Repayments of principal portion - financing cash flows			$ 168	156
Weighted Average remaining Lease Term (in years) (Year)	3 years 4 months 24 days		3 years 4 months 24 days		3 years 5 months 26 days
Accrued expenses (Current liabilities)	$ 327		$ 327		$ 324
Interest on lease liabilities	$ 10	14	$ 22	28
Weighted Average Discount Rate	5.82%		5.82%		5.90%
Long-term finance lease liability	$ 468		$ 468		$ 636
Total finance lease liabilities	795		795		$ 960
Variable lease cost	$ 0	22	$ 7	44
Weighted Average remaining Lease Term (in years) (Year)	2 years 3 months 29 days		2 years 3 months 29 days		2 years 9 months 29 days
Weighted Average Discount Rate	4.86%		4.86%		4.86%
Sublease income	$ 0	(116)	$ (39)	(232)
Total lease cost	1,693	$ 986	3,366	$ 1,886
Buildings Under Finance Leases [Member]
Buildings under finance leases	2,033		2,033		$ 2,033
Equipment Under Finance Leases [Member]
Buildings under finance leases	$ 0		$ 0		$ 41

Note 14 - Leases - Maturities o

Note 14 - Leases - Maturities of Lease Liability (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024
2025, operating lease	$ 5,619
2025, finance lease	327
2025, operating sublease	(38)
2025, net lease commitments	5,908
2026, operating lease	5,360
2026, finance lease	362
2026, operating sublease	0
2026, net lease commitments	5,722
2027, operating lease	4,337
2027, finance lease	150
2027, operating sublease	0
2027, net lease commitments	4,487
2028, operating lease	1,319
2028, finance lease	0
2028, operating subleases	0
2028, net lease commitments	1,319
2029, operating lease	972
2029, finance lease	0
2029, operating subleases	0
2029, net lease commitments	972
Thereafter, operating lease	489
Thereafter, finance lease	0
Thereafter, operating subleases	0
Thereafter, net lease commitments	489
Total lease payments, operating lease	18,096
Total lease payments, finance lease	839
Total lease payments, operating sublease	38
Total lease payments, net lease commitments	18,897
Less: Interest, operating lease	(1,783)
Less: Interest, finance lease	(44)
Less: Interest, net lease commitments	(1,827)
Present Value of Lease Liabilities, operating lease	16,313	$ 16,827
Present Value of Lease Liabilities, finance lease	795	$ 960
Present Value of Lease Liabilities, net lease commitments	$ 17,070

Note 15 - Income Taxes - Reconc

Note 15 - Income Taxes - Reconciliation of Income Tax Rate (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Provision for income taxes at the anticipated annual tax rate	26.70%	25.60%	26.20%	26.30%
Uncertain tax positions	(1.50%)	(2.80%)	(0.20%)	(0.60%)
Deferred Income Tax Adjustment	0%	0%	1.10%	0%
Share-based compensation	2%	2.70%	5.80%	4.20%
Effective tax rate	23.20%	20.10%	21.30%	21.50%