Income Taxes (Tables)

12 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

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

Income tax expense consists of the following for the three years ended June 30:

	2013		2012		2011
Current:
Federal	$	3,623,000	$	2,733,000	$	2,582,000
State		138,000		147,000		14,000
Deferred:
Federal		(358,000)		(13,000)		(141,000)
State		88,000		28,000		(7,000)
Income tax expense	$	3,491,000	$	2,895,000	$	2,448,000

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

A reconciliation of the federal statutory rate to the effective tax rate reflected in the total provision for income taxes is as follows:

	Years Ended June 30,
	2013			2012			2011
Statutory rate		34	%		34	%		34	%
Exempt income from domestic manufacturer’s deduction		(4)			(6)			(3)
Research and development tax credit		—			(4)			(1)
Non deductible expenses:
Adjustment to fair value of contingent earnout liability		3			31			—
Other		—			2			1
State taxes		1			2			—
Effective rate		34	%		59	%		31	%

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

Components of the Company’s net deferred income tax asset and liability accounts were as follows at June 30:

	2013		2012
Net deferred tax asset – current:
Inventory valuation reserve	$	221,000	$	184,000
Allowance for uncollectible accounts		88,000		140,000
Unicap		128,000		16,000
Other, net		41,000		51,000
Total	$	478,000	$	391,000
Net deferred tax liability – non-current:
Stock options and restricted stock	$	163,000	$	275,000
Amortization of intangible assets		326,000		305,000
Intangible assets acquired, net		(2,145,000)		(2,459,000)
Property, plant and equipment depreciation		(304,000)		(268,000)
Amortization of goodwill		(433,000)		(358,000)
Other, net		14,000		76,000
Total	$	(2,379,000)	$	(2,429,000)