Note 12 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2021

Notes Tables

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

(In thousands)	2021			2020
Components of income before income taxes:
United States	$	7,117		$	11,494
Foreign		799			199
Income before income taxes	$	7,916		$	11,693
Provision for income taxes
U.S. Federal	$	2,425		$	(2,082	)
Foreign		247			83
State and local		434			175
Total current		3,106			(1,824	)
Deferred		(1,058	)		3,925
Total provision for income taxes	$	2,048		$	2,101

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

(In thousands)	2021			2020
Reconciliation to federal statutory rate:
Federal statutory rate		21.0	%		21.0	%
State and local taxes, net of federal benefit		1.5			2.0
Foreign operations		1.0			0.4
Federal tax credits		(1.5	)		(0.7	)
Valuation allowance		(25.9	)		(13.4	)
New York state tax credits		25.9			-
Expiration of capital loss carryforward		-			8.9
Transaction costs		3.5			-
Uncertain tax position activity		(0.1	)		(0.5	)
Stock-based compensation		1.0			3.6
Tax rate changes		(0.3	)		(5.4	)
Other		(0.2	)		2.1
Effective tax rate		25.9	%		18.0	%

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

(In thousands)	2021			2020
Uncertain tax positions	$	138		$	125
Reserves against current assets		936			798
Accrued expenses		3,348			2,196
Interest		927			-
Deferred compensation		514			235
Stock-based compensation		841			597
State net operating loss carryover and credits		624			2,194
Lease liability		4,408			1,992
Goodwill, acquisition costs and intangible assets		-			8,040
U.S. Federal net operating loss carryover and credits		1,587			217
Deferred income tax asset before valuation allowance		13,323			16,394
Valuation allowance		(108	)		(2,194	)
Deferred income tax asset		13,215			14,200
Depreciation		(2,677	)		(1,837	)
Right of use assets		(4,299	)		(1,992	)
Goodwill, acquisition costs and intangible assets		(3,683	)		-
Deferred income tax liability		(10,659	)		(3,829	)
Net deferred income tax asset	$	2,556		$	10,371

Summary of Income Tax Contingencies [Table Text Block]

(In thousands)	2021			2020
Balance at the beginning of the fiscal year	$	607		$	675
Decreases - tax positions in prior period		(52	)		(70	)
Increase - tax positions in current period		49			15
Increases - tax positions in prior period		78			-
Settlements and payments		-			(13	)
Balance at end of the fiscal year	$	682		$	607