Note F - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2015

Notes Tables

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

	2015			2014
Current:
Federal	$	396		$	559
State		41			(370	)
Foreign		450			343
		887			532
Deferred:
Federal		125			(264	)
State		(51	)		213
Valuation allowance		—			193
		74			142
Provision for income taxes	$	961		$	674

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

	2015			2014
Deferred tax assets:
Allowance for doubtful accounts	$	3		$	28
Accrued vacation expense		106			101
Tax credit carry forward		88			51
Allowance for inventories		74			234
Stock-based compensation		130			157
Pension liability		322			238
Other, net		210			106
Deferred rent		143			13
Accumulated depreciation and amortization		897			911
Net operating loss carry forward		439			458
Total gross deferred tax assets		2,412			2,297
Deferred tax liabilities:
Prepaid expenses		(189	)		(157	)
Other		—			(10	)
Deferred tax liabilities		(189	)		(167	)
Valuation allowance		(193	)		(193	)
Net deferred tax assets	$	2,030		$	1,937

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

	2015			2014
Income taxes computed at statutory federal income tax rate	$	1,463		$	913
State income taxes, net of federal income tax expense		7			(35	)
Expenses not deductible for tax purposes		13			19
Foreign tax rate differential		(451	)		(297	)
Return to provision – differences		—			(41	)
Adjust state deferred due to change in apportionment		(25	)		195
State tax planning – net savings		—			(239	)
Change in valuation allowance		—			193
Other, net		(46	)		(34	)
Income tax provision as reported	$	961		$	674
Effective tax rate		22.3	%		25.1	%