Note F - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2017

Notes Tables

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

	201 7		2016
Current:
Federal	$	1,791	$	3,339
State		90		138
Foreign		646		629
Total current		2,527		4,106
Deferred:
Federal		305		46
State		44		67
Valuation allowance		—		(193	)
Total deferred		349		(80	)
Total provision for income taxes	$	2,876	$	4,026

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

	201 7			2016
Deferred tax assets:
Inventory capitalization	$	438		$	576
Inventory reserves		178			103
Pension liability		241			403
Accrued bonus		114			391
Net operating loss carry forward		240			298
Deferred rent		193			175
Accumulated depreciation and amortization		8			158
Stock-based compensation		195			154
Tax credit carry forward		176			138
Accrued vacation expense		111			130
Other, net		256			15
Total gross deferred tax assets		2,150			2,541
Deferred tax liabilities:
Prepaid expenses		(148	)		(260	)
Other, net		—			(54	)
Deferred tax liabilities		(148	)		(314	)
Valuation allowance		—			—
Net deferred tax assets	$	2,002		$	2,227

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

	2017			2016
Income taxes computed at statutory federal income tax rate	$	3,438		$	4,614
State income taxes, net of federal income tax expense		95			179
Expenses not deductible for tax purposes		29			19
Foreign tax rate differential		(613	)		(514	)
Adjust state deferred due to change in apportionment		6			(18	)
Change in valuation allowance		—			(193	)
Other, net		(79	)		(61	)
Income tax provision as reported	$	2,876		$	4,026
Effective tax rate		28.4	%		29.7	%