Note 15 - Summary of Quarterly Results (Unaudited)

12 Months Ended

Jun. 30, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

NOTE 15 — SUMMARY OF QUARTERLY RESULTS (UNAUDITED)

	Quarter Ended										Fiscal
(In thousands except per share data)	Sept. 30		Dec. 31		March 31			June 30			Year
2014
Net sales	$	80,486	$	76,123	$	68,996		$	73,858		$	299,463
Gross profit		19,122		16,757		13,715			15,704			65,298
Net income (loss)		1,865		870		(1,009	)		(796	)		930
Earnings (loss) per share
Basic	$	0.08	$	0.04	$	(0.04	)	$	(0.03	)	$	0.04	(a)
Diluted	$	0.08	$	0.04	$	(0.04	)	$	(0.03	)	$	0.04	(a)
Range of share prices
High	$	9.00	$	9.60	$	9.67		$	8.78		$	9.67
Low	$	6.65	$	7.76	$	7.54		$	7.10		$	6.65

2013
Net sales	$	74,719	$	71,082		$	66,152		$	68,837	$	280,790
Gross profit		17,871		13,882			13,921			14,736		60,410
Net income (loss)		1,830		(2,450	)		(315	)		812		(123	)
Earnings (loss) per share
Basic	$	0.08	$	(0.10	)	$	(0.01	)	$	0.03	$	(0.01	)(a)
Diluted	$	0.08	$	(0.10	)	$	(0.01	)	$	0.03	$	(0.01	)(a)
Range of share prices
High	$	7.42	$	7.38		$	7.77		$	8.46	$	8.46
Low	$	6.19	$	6.10		$	6.80		$	6.78	$	6.10

2012
Net sales	$	65,495	$	68,774	$	62,937		$	71,196	$	268,402
Gross profit		15,464		14,926		13,316			16,607		60,313
Net income		1,324		772		(377	)		1,505		3,224
Earnings per share
Basic	$	0.05	$	0.03	$	(0.02	)	$	0.06	$	0.13	(a)
Diluted	$	0.05	$	0.03	$	(0.02	)	$	0.06	$	0.13	(a)
Range of share prices
High	$	8.91	$	7.04	$	7.70		$	7.64	$	8.91
Low	$	5.93	$	5.45	$	5.85		$	5.81	$	5.45

(a) The total of the earnings per share for each of the four quarters does not equal the total earnings per share for the full year because the calculations are based on the average shares outstanding during each of the individual periods.

At August 26, 2014, there were 522 shareholders of record. The Company believes this represents approximately 3,000 beneficial shareholders.

LSI INDUSTRIES INC.
SELECTED FINANCIAL DATA
(In thousands except per share data)

The following data has been selected from the Consolidated Financial Statements of the Company for the periods and dates indicated:

Statement of Operations Data: 

	2014			2013			2012			2011			2010
Net sales	$	299,463		$	280,790		$	268,402		$	293,501		$	254,402
Cost of products and services sold		234,165			220,380			208,089			221,156			198,030
Loss on sale of a subsidiary		--			—			—			—			639
Selling and administrative expenses		62,175			57,367			53,724			56,041			53,671
Goodwill and intangible asset impairment (a)		805			2,413			258			—			153
Operating income (loss)		2,318			630			6,331			16,304			1,909
Interest (income)		(17	)		(47	)		(25	)		(43	)		(28	)
Interest expense		68			62			165			180			153
Income (loss) before income taxes		2,267			615			6,191			16,167			1,784
Income taxes		1,337			738			2,967			5,339			360
Net income (loss)	$	930		$	(123	)	$	3,224		$	10,828		$	1,424
Earnings (loss) per common share
Basic	$	0.04		$	(0.01	)	$	0.13		$	0.45		$	0.06
Diluted	$	0.04		$	(0.01	)	$	0.13		$	0.44		$	0.06
Cash dividends paid per share	$	0.24		$	0.36		$	0.23		$	0.20		$	0.20
Weighted average common shares
Basic		24,388			24,313			24,298			24,287			24,128
Diluted		24,546			24,313			24,352			24,339			24,134

Balance Sheet Data:
(At June 30)
	2014		2013		2012		2011		2010
Working capital	$	76,788	$	76,703	$	83,702	$	84,524	$	73,568
Total assets		169,888		169,179		175,226		176,021		173,845
Long-term debt, including current maturities		—		—		—		1,099		1,132
Shareholders’ equity		138,412		141,690		149,368		151,218		144,218

(a) The Company recorded a significant impairment of goodwill and/or intangible assets in fiscal 2014 and 2013, and minor impairments in fiscal 2012 and 2010. See Note 6.