Note G - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2020

Notes Tables

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

	2020			2019
United States	$	(5,742	)	$	927
Foreign		4,004			7,026
Total (loss) income before income taxes	$	(1,738	)	$	7,953

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

	2020			2019
Current:
Federal	$	31		$	12
State		4			16
Foreign		728			1,172
		763			1,200
Deferred:
Federal		(641	)		6
State		(215	)		(28	)
Foreign		—			234
		(856	)		212
Total (benefit) provision for income taxes	$	(93	)	$	1,412

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

	20 20			2019
Deferred tax assets:
Inventory capitalization	$	412		$	507
Inventory reserves		301			273
Pension liability		260			159
Lease liability		2,732			—
Net operating loss carry forward		245			220
Deferred rent		—			130
Stock-based compensation		157			174
Forward Contracts		93			—
Tax credit carry forward		340			260
Allowance for bad debt		819			2
Other, net		246			91
Total gross deferred tax assets		5,605			1,816
Deferred tax liabilities:
Withholding taxes		(1,133	)		(1,133	)
Fixed Assets		(1,011	)		(905	)
Foreign inventory reserves		(469	)		(469	)
Lease asset		(2,681	)		—
Forward Contracts		—			(229	)
Other, net		(115	)		(98	)
Deferred tax liabilities		(5,409	)		(2,834	)
Net deferred tax assets (liabilities)	$	196		$	(1,018	)

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

	20 20			2019
Income taxes computed at statutory federal income tax rate	$	(364	)	$	1,670
State income taxes, net of federal income tax expense		(174	)		(6	)
Permanent Differences		155			(187	)
Foreign tax rate differential		(112	)		(70	)
Global intangible low-taxed income (GILTI)		402			5
Income tax provision as reported	$	(93	)	$	1,412
Effective tax rate		5.4	%		17.8	%