Note 11 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2023

Notes Tables

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

(In thousands)	2023			2022
Components of income (loss) before income taxes:
United States	$	31,701		$	20,124
Foreign		1,625			(1,039	)
Income before income taxes	$	33,326		$	19,085
Provision for income taxes
U.S. Federal	$	6,327		$	3,586
Foreign		325			165
State and local		1,330			644
Total current	$	7,982		$	4,395
Deferred		(418	)		(342	)
Total provision for income taxes	$	7,564		$	4,053

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

(In thousands)	2023			2022
Reconciliation to federal statutory rate:
Federal statutory rate		21.0	%		21.0
State and local taxes, net of federal benefit		2.9			3.0
Foreign operations		0.6			-
Federal tax credits		(1.0	)		(1.0	)
Uncertain tax position activity		-			(0.3	)
Stock-based compensation		(1.2	)		(0.3	)
Tax rate changes		(0.2	)		(1.4	)
Other		0.6			0.2
Effective tax rate		22.7	%		21.2

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

Components of deferred income tax assets and liabilities
(In thousands)	2023			2022
Uncertain tax positions	$	185		$	169
Reserves against current assets		1,255			1,110
Accrued expenses		3,381			2,596
Deferred compensation		1,459			1,195
Stock-based compensation		1,680			1,421
State net operating loss carryover and credits		140			310
Lease Liability		2,397			2,667
Canadian NOL		319			538
U.S. Federal net operating loss carryover and credits		258			1,235
Deferred income tax asset before valuation allowance		11,074			11,241
Valuation allowance		(108	)		(108	)
Deferred income tax asset		10,966			11,133
Goodwill, acquisition costs and intangible assets		(3,749	)		(3,519	)
Depreciation		(1,634	)		(2,205	)
Right of Use Asset		(2,269	)		(2,513	)
Deferred income tax liability		(7,652	)		(8,237	)
Net deferred income tax asset	$	3,314		$	2,896

Summary of Income Tax Contingencies [Table Text Block]

Uncertain tax positions
(In thousands)	2023			2022
Balance at the beginning of the fiscal year	$	647		$	682
Decreases - tax positions in prior period		(134	)		(117	)
Increase - tax positions in current period		143			82
Balance at end of the fiscal year	$	656		$	647