Note F - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2016

Notes Tables

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

	2016			2015
Current:
Federal	$	3,339		$	396
State		138			41
Foreign		629			450
		4,106			887
Deferred:
Federal		46			125
State		67			(51	)
Valuation allowance		(193	)		—
		(80	)		74
Provision for income taxes	$	4,026		$	961

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

	2016			201 5
Deferred tax assets:
Inventory capitalization	$	576		$	167
Pension liability		403			322
Accrued bonus		391			107
Net operating loss carry forward		298			439
Deferred rent		175			143
Accumulated depreciation and amortization		158			897
Stock-based compensation		154			130
Tax credit carry forward		138			88
Accrued vacation expense		130			106
Other, net		64			13
Total gross deferred tax assets		2,487			2,412
Deferred tax liabilities:
Prepaid expenses		(260	)		(189	)
Other		—			—
Deferred tax liabilities		(260	)		(189	)
Valuation allowance		–			(193	)
Net deferred tax assets	$	2,227		$	2,030

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

	2016			201 5
Income taxes computed at statutory federal income tax rate	$	4,614		$	1,463
State income taxes, net of federal income tax expense		179			7
Expenses not deductible for tax purposes		19			13
Foreign tax rate differential		(514	)		(451	)
Adjust state deferred due to change in apportionment		(18	)		(25	)
Change in valuation allowance		(193	)		—
Other, net		(61	)		(46	)
Income tax provision as reported	$	4,026		$	961
Effective tax rate		29.7	%		22.3	%