Note N - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2023

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	2023		2022
United States	$	683	$	1,215
Foreign		13,782		11,386
	$	14,465	$	12,601

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2023			2022
Currently payable:
Federal	$	72		$	(164	)
State		(5	)		(2	)
Foreign		4,355			2,838
		4,422			2,672
Deferred:
Federal	$	-			-
State		(47	)		62
Foreign		(587	)		(911	)
		(634	)		(849	)
	$	3,788		$	1,823

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2023			2022
Deferred tax assets:
Retirement plans and employee benefits	$	4,234		$	4,787
Foreign tax credit carryforwards		7,983			7,822
Federal tax credits, net of ASU 2013-11		1,724			1,597
State net operating loss and other state credit carryforwards, net of ASU 2013-11		2,143			2,179
Federal net operating loss		4,489			5,492
Reserves		774			1,119
R&E Capitalization		588			-
Accruals		936			703
Right of use assets - operating leases		3,501			3,381
Disallowed interest		1,062			980
Capital loss carryforward		108			108
Translation adjustment		494			661
Other assets		115			119
		28,151			28,948
Valuation allowance		(22,345	)		(23,097	)
		5,806			5,851
Deferred tax liabilities:
Retirement plans and employee benefits		-			-
Inventory		96			285
Property, plant and equipment		850			1,155
Intangibles		1,561			2,012
Long term operating lease obligations		3,427			3,352
Hedge		435			422
Other liabilities		473			249
		6,842			7,475
Total net deferred tax liabilities	$	(1,036	)	$	(1,624	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2023			2022
U.S. federal income tax at 21%	$	3,038		$	2,648
Increases (reductions) in tax resulting from:
Foreign rate differences		739			438
U.S. inclusion of foreign tax items		67			12
Foreign permanent differences		20			(578	)
Foreign prior period adjustments		166			(465	)
Foreign other		(90	)		18
State taxes		69			46
Change in prior year estimate		(113	)		372
Research and development tax credits		(127	)		(10	)
Unrecognized tax benefits		64			(152	)
Stock compensation		(13	)		(46	)
Rate changes		(39	)		121
Deferred tax basis adjustments		41			(54	)
Executive compensation		219			42
GILTI inclusion		97			920
Valuation allowance		(426	)		(1,539	)
Other, net		76			50
	$	3,788		$	1,823

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	2023		2022
Unrecognized tax benefits, beginning of year	$	716	$	778
Additions based on tax positions related to the prior year		22		-
Additions based on tax positions related to the current year		36		3
Reductions based on tax positions related to the prior year		-		(65	)
Unrecognized tax benefits, end of year	$	774	$	716