Income Taxes (Tables)

12 Months Ended

Jun. 30, 2012

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

The Provision (benefit) for income taxes is comprised of the following (in thousands):

	For the Years Ended June 30,
	2012		2011
Current income taxes:
Federal	$	11	$	(35	)
State		57		39
Foreign		--		3
		68		7
Deferred income tax provision (benefit)		199		(321	)
Provision (benefit) for income taxes	$	267	$	(314	)

Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate

A reconciliation of the U.S. Federal statutory income tax rate to our actual effective tax rate on earnings before income taxes is as follows (dollars in thousands):

	For the Years Ended June 30,
	2012						2011
	Amount			% of Pre-tax Income			Amount			% of Pre-tax Income
Tax at Federal statutory rate	$	868			34.0	%	$	274			34.0	%
Increases (decreases) in taxes resulting from:
Meals and entertainment		56			2.2	%		51			6.3	%
State income taxes, net of Federal income tax benefit		39			1.5	%		26			3.2	%
Foreign source income and taxes		(515	)		(20.2	)%		102			12.7	%
Stock based compensation expense		3			0.1	%		16			2.0	%
Tax reserve reversal		(61	)		(2.4	)%		(77	)		(9.5	)%
R&D Credit refund		(81	)		(3.2	)%		(708	)		(87.8	)%
Other, net		(42	)		(1.6	)%		2			0.2	%
Effective tax rate	$	267			10.4	%	$	(314	)		(38.9	)%

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

Deferred tax assets and deferred tax liabilities at June 30, 2012 and 2011 are as follows (in thousands):

	Current Deferred Tax Assets (Liabilities)				Long-term Deferred Tax Assets (Liabilities)
	2012		2011		2012			2011
Accounts receivable	$	23	$	19	$	--		$	--
Inventories		399		288		405			380
Accrued Liabilities		228		221		--			35
Stock based compensation expense		--		--		137			137
Goodwill		--		--		1,875			2,077
R&D credit		--		--		225			163
Property, plant and equipment		--		--		(624	)		(625	)
Other deferred tax liabilities		--		--		(256	)		(84	)
		650		528		1,762			2,083
Valuation allowance		--		--		--			--
Net deferred taxes	$	650	$	528	$	1,762		$	2,083

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

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

	Tax			Interest		Total
Balance of gross unrecognized tax benefits as of July 1, 2011	$	165		$	--	$	165
Reductions to unrecognized tax benefits resulting from changes in reserve percentages		(39	)		--		(39	)
Balance of gross unrecognized tax benefits as of June 30, 2012	$	126		$	--	$	126