Note F - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2019

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	2019		2018
United States	$	927	$	4,611
Foreign		7,026		6,002
Total income before income taxes	$	7,953	$	10,613

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

	201 9			2018
Current:
Federal	$	12		$	2,141
State		16			52
Foreign		1,172			976
		1,200			3,169
Deferred:
Federal		6			2,024
State		(28	)		134
Foreign		234			235
		212			2,393
Total provision for income taxes	$	1,412		$	5,562

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

	201 9			2018
Deferred tax assets:
Inventory capitalization	$	507		$	267
Inventory reserves		273			29
Pension liability		159			121
Net operating loss carry forward		220			240
Deferred rent		130			129
Stock-based compensation		174			155
Tax credit carry forward		260			230
Accrued vacation expense		—			70
Other, net		93			84
Total gross deferred tax assets		1,816			1,325
Deferred tax liabilities:
Prepaid expenses		(73	)		(101	)
Withholding taxes		(1,133	)		(1,133	)
Fixed Assets		(905	)		(388	)
Foreign inventory reserves		(469	)		(235	)
Forward Contracts		(229	)		—
Other, net		(25	)
Deferred tax liabilities		(2,834	)		(1,857	)
Net deferred tax liabilities	$	(1,018	)	$	(532	)

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

	2019			2018
Income taxes computed at statutory federal income tax rate	$	1,670		$	2,969
State income taxes, net of federal income tax expense		(6	)		131
Permanent Differences		(182	)		(90	)
Foreign tax rate differential		(70	)		(473	)
Tax Act		—			3,025
Income tax provision as reported	$	1,412		$	5,562
Effective tax rate		17.8	%		52.4	%