Note 7 - Income Taxes

3 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Note 7 - Income Taxes

The following presents components of our income tax (benefit) expense (in thousands):

	Three Months Ended September 30
	2013			2012
Federal and state	$	4		$	5
Deferred federal and state		(239	)		(491	)
Foreign		(102	)		2
Uncertain tax positions		(86	)		(161	)
Deferred tax valuation allowance		341			516
	$	(82	)	$	(129	)

The federal statutory income tax rate reconciles to our effective income tax rate as follows:

	Three Months Ended September 30
	2013			2012
Statutory rate		(34.0	)%		(34.0	)%
Deferred tax valuation allowance		32.7			36.6
State and foreign taxes net of federal tax benefit		1.6			(3.0	)
Uncertain tax positions		(8.2	)		(11.4	)
Repatriation of foreign earnings		-			0.7
Other, net		-			2.0
		(7.9	)%		(9.1	)%

At September 30, 2013 we had federal income tax net operating loss carryovers of approximately $67.4 million expiring in 2029 through 2034.  The valuation allowance on our net deferred tax asset was approximately $30.5 million.

During the first quarter of fiscal 2014 and 2013, $0.1 million and $0.2 million, respectively, of the liability previously recorded for uncertain state tax positions was released from the reserve as it no longer failed to meet the more-likely-than-not threshold.