Note 10 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2015

Notes Tables

Schedule of Components of Income Before Income Taxes [Table Text Block]

	2015		2014		2013
Domestic operations	$	8,118	$	5,793	$	(2,633	)
Foreign operations		1,824		6,264		3,429
	$	9,942	$	12,057	$	796

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

	2015			2014			2013
Current:
Federal	$	1,744		$	155		$	124
Foreign		1,855			3,284			1,243
State		114			86			(48	)
Deferred:
Federal		670			2,175			(1,472	)
Foreign		(71	)		(426	)		503
State		386			71			608
	$	4,698		$	5,345		$	958

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

	2015			2014			2013
Expected tax expense	$	3,380		$	4,099		$	271
State taxes, net of federal effect		378			269			26
Foreign taxes, net of federal credits		235			123			353
Change in valuation allowance		(51	)		(428	)		(127	)
Tax reserve adjustments		361			465			141
Return to provision and other adjustments		(332	)		(265	)		(764	)
Losses not benefited		701			350			370
Dividend from subsidiary (net of foreign tax credit)		1			-			201
Tax rate change applied to deferred tax balances		-			278			880
Other permanent items		25			454			(393	)
Actual tax expense (benefit)	$	4,698		$	5,345		$	958

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

	2015			2014
Deferred tax assets (current):
Inventories	$	2,597		$	3,596
Employee benefits (other than pension)		1,016			1,331
Book reserves		818			1,244
Other		687			385
Total current deferred tax assets		5,118			6,556
Valuation allowance		(564	)		(519	)
Current deferred tax asset	$	4,554		$	6,037
Deferred tax assets (long-term):
State NOL, various carryforward periods		801			1,181
Foreign NOL, various carryforward periods		1,908			1,042
Foreign tax credit carryforward, expiring 2017 – 2025		2,405			2,480
Pension benefits		13,224			10,098
Retiree medical benefits		2,499			2,218
Intangibles		1,713			2,178
Other		190			155
Total long-term deferred tax assets		22,740			19,352
Valuation allowance		(3,937	)		(2,815	)
Long-term deferred tax asset	$	18,803		$	16,537
Deferred tax liabilities (long-term):
Depreciation		(1,548	)		(2,037	)
Long-term deferred tax liabilities		(1,548	)		(2,037	)
Net deferred tax assets	$	21,809		$	20,537

	2015			2014
Long-term assets	$	18,803		$	16,537
Long-term liabilities		(1,548	)		(2,037	)
	$	17,255		$	14,500

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

Balance at June 30, 2012	$	(10,590	)
Increases for tax positions taken during a prior period		(212	)
Increases for tax positions taken during the current period		(381	)
Effect of exchange rate changes		140
Decrease relating to settlement		32
Balance at June 30, 2013		(11,011	)
Increases for tax positions taken in prior years		(204	)
Increases for tax positions taken during the current period		(268	)
Effect of exchange rate changes		(9	)
Decrease relating to settlement		241
Balance at June 30, 2014		(11,251	)
Increases for tax positions taken during the current period		(423	)
Effect of exchange rate changes		440
Decrease relating to lapse of applicable statute of limitations		42
Balance at June 30, 2015	$	(11,192	)