Note P - 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	$	7,059	$	8,679
Foreign		7,448		5,741
	$	14,507	$	14,420

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

	2019			2018
Currently payable:
Federal	$	248		$	234
State		261			135
Foreign		(3,644	)		1,400
		(3,135	)		1,769
Deferred:
Federal		920			5,529
State		(7	)		167
Foreign		5,933			(2,692	)
		6,846			3,004
	$	3,711		$	4,773

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

	2019		2018
Deferred tax assets:
Retirement plans and employee benefits	$	7,732	$	6,910
Foreign tax credit carryforwards		6,296		6,866
Federal tax credits		1,057		774
State net operating loss and other state credit carryforwards		1,269		1,190
Inventory		757		1,259
Reserves		765		1,099
Foreign NOL carryforwards		775		2,940
Accruals		339		324
Right of use assets - leases		3,691		-
Other assets		656		403
		23,337		21,765
Deferred tax liabilities:
Property, plant and equipment		3,432		3,473
Intangibles		5,345		1,209
Long term lease obligations		3,617		-
Other liabilities		194		230
		12,588		4,912
Valuation allowance		-		-
Total net deferred tax assets	$	10,749	$	16,853

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

	2019			2018
U.S. federal income tax at 21% (27.56% in 2018)	$	3,046		$	3,974
Increases (reductions) in tax resulting from:
Foreign tax items		281			675
State taxes		209			272
Valuation allowance		-			(3,803	)
Change in prior year estimate		(50	)		(89	)
Research and development tax credits		(306	)		(162	)
Section 199 deduction		-			(114	)
Unrecognized tax benefits		158			(42	)
Stock compensation		(153	)		(114	)
Rate changes		15			3,786
Deferred tax basis adjustments		(111	)		431
Executive compensation		291			-
GILTI inclusion		284			-
FDII deduction		(74	)		-
Other, net		121			(41	)
	$	3,711		$	4,773

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

	June 30, 2019		June 30, 2018
Unrecognized tax benefits, beginning of year	$	816	$	827
Additions based on tax positions related to the prior year		31		-
Additions based on tax positions related to the current year		91		303
Reductions based on tax positions related to the prior year		-		(9	)
Subtractions due to statutes closing		-		(105	)
Settlements with taxing authorities		-		(200	)
Unrecognized tax benefits, end of year	$	938	$	816