Note F - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2018

Notes Tables

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

	201 8		201 7
Current:
Federal	$	2,141	$	1,791
State		52		90
Foreign		976		646
		3,169		2,527
Deferred:
Federal		2,024		305
State		134		44
Foreign		235		—
		2,393		349
Total provision for income taxes	$	5,562	$	2,876

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

	201 8			201 7
Deferred tax assets:
Inventory capitalization	$	267		$	438
Inventory reserves		29			178
Pension liability		121			241
Accrued bonus		—			114
Net operating loss carry forward		240			240
Deferred rent		129			193
Accumulated depreciation and amortization		—			8
Stock-based compensation		155			195
Tax credit carry forward		230			176
Accrued vacation expense		70			111
Other, net		84			256
Total gross deferred tax assets		1,325			2,150
Deferred tax liabilities:
Prepaid expenses		(101	)		(148	)
Withholding taxes		(1,133	)		—
Fixed Assets		(388	)		—
Foreign inventory reserves		(235	)		—
Deferred tax liabilities		(1,857	)		(148	)
Valuation allowance		—			—
Net deferred tax (liabilities) assets	$	(532	)	$	2,002

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

	201 8			201 7
Income taxes computed at statutory federal income tax rate	$	2,969		$	3,438
State income taxes, net of federal income tax expense		131			95
Expenses not deductible for tax purposes		(90	)		29
Foreign tax rate differential		(473	)		(613	)
Tax Act		3,025			—
Other, net		—			(73	)
Income tax provision as reported	$	5,562		$	2,876
Effective tax rate		52.4	%		28.4	%