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Note N - Income Taxes - Components of Net Deferred Tax Assets (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Jun. 30, 2021
Retirement plans and employee benefits $ 4,787 $ 4,584
Foreign tax credit carryforwards 7,822 7,609
Federal tax credits, net of ASU 2013-11 1,597 1,801
State net operating loss and other state credit carryforwards, net of ASU 2013-11 2,179 2,208
Federal net operating loss 5,492 6,506
Inventory 0 0
Reserves 1,119 1,670
Foreign NOL carryforwards 0 66
Accruals 703 871
Right of use assets - operating leases 3,381 3,674
Disallowed interest 980 982
Capital loss carryforward 108 0
Other assets 358 1,033
Gross deferred tax assets 28,526 31,004
Valuation allowance (23,097) (24,420)
Deferred Tax Assets, Net of Valuation Allowance, Total 5,429 6,584
Inventory 285 480
Property, plant and equipment 1,155 1,852
Intangibles 2,012 2,982
Long term operating lease obligations 3,352 3,622
Other liabilities 249 182
Deferred Tax Liabilities, Gross, Total 7,053 9,118
Total net deferred tax (liabilities) assets $ (1,624) $ (2,534)