Note O - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2024

Notes Tables

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

	2024			2023
United States	$	(6,213	)	$	683
Foreign		21,580			13,782
	$	15,367		$	14,465

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

	2024			2023
Currently payable:
Federal	$	7		$	72
State		66			(5	)
Foreign		4,608			4,355
		4,681			4,422
Deferred:
Federal	$	10		$	-
State		(2	)		(47	)
Foreign		(568	)		(587	)
		(560	)		(634	)
	$	4,121		$	3,788

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

	2024			2023
Deferred tax assets:
Retirement plans and employee benefits	$	4,683		$	4,234
Foreign tax credit carryforwards		8,347			7,983
Federal tax credits, net of ASU 2013-11		1,683			1,724
State net operating loss and other state creditcarryforwards, net of ASU 2013-11		2,226			2,143
Federal net operating loss		4,042			4,489
Reserves		931			774
Inventories		93			-
Research & experimental expenditure capitalization		816			588
Foreign net operating loss carryforwards		52			-
Accruals		1,081			936
Right of use assets - operating leases		4,038			3,501
Disallowed interest		1,384			1,062
Capital loss carryforward		108			108
Translation adjustment		565			494
Other assets		108			115
		30,157			28,151
Valuation allowance		(24,035	)		(22,345	)
	$	6,122		$	5,806

Deferred tax liabilities:
Inventories		-			96
Property, plant and equipment		673			850
Intangible assets		1,010			1,561
Long term operating lease obligations		4,034			3,427
Hedging		445			435
Step-up on fair value adjustment		2,530			-
Other liabilities		431			473
		9,123			6,842
Total net deferred tax liabilities	$	(3,001	)	$	(1,036	)

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

	2024			2023
U.S. federal income tax at 21%	$	3,227		$	3,038
Increases (reductions) in tax resulting from:
US Foreign inclusion items		463			67
Foreign rate differences		555			739
Foreign permanent items		127			20
Foreign prior period adjustments		118			166
Foreign other		3			(90	)
Foreign bargain purchase gain		(782	)		-
Foreign tax ruling		(786	)		-
Foreign uncollectible tax receivable		238			-
State taxes		(144	)		69
Change in prior year estimate		96			(113	)
Research & development tax credits		(47	)		(127	)
Foreign tax credits		(480	)		-
Unrecognized tax benefits		3			64
Stock compensation		(445	)		(13	)
Rate changes		-			(39	)
Deferred tax basis adjustments		132			41
Executive compensation		471			219
GILTI Inclusion		-			97
FDII Deduction		-			-
Valuation Allowance		1,110			(426	)
Other, net		262			76
	$	4,121		$	3,788

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

	2024			2023
Unrecognized tax benefits, beginning of year	$	774		$	716
Additions based on tax positions related to the prior year		-			22
Additions based on tax positions related to the current year		8			36
Reductions based on tax positions related to the prior year		(16	)		-
Subtractions due to statues closing		-			-
Settlements with taxing authorities		-			-
Unrecognized tax benefits, end of year	$	766		$	774