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Note O - Income Taxes - Components of Net Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Jun. 30, 2023
Retirement plans and employee benefits $ 4,683 $ 4,234
Foreign tax credit carryforwards 8,347 7,983
Federal tax credits, net of ASU 2013-11 1,683 1,724
State net operating loss and other state creditcarryforwards, net of ASU 2013-11 2,226 2,143
Federal net operating loss 4,042 4,489
Reserves 931 774
Inventories 93 0
Research & experimental expenditure capitalization 816 588
Foreign net operating loss carryforwards 52 0
Accruals 1,081 936
Right of use assets - operating leases 4,038 3,501
Disallowed interest 1,384 1,062
Capital loss carryforward 108 108
Translation adjustment 565 494
Other assets 108 115
Gross deferred tax assets 30,157 28,151
Valuation allowance (24,035) (22,345)
Deferred Tax Assets, Net of Valuation Allowance 6,122 5,806
Inventories 0 96
Property, plant and equipment 673 850
Intangible assets 1,010 1,561
Long term operating lease obligations 4,034 3,427
Hedging 445 435
Step-up on fair value adjustment 2,530 0
Other liabilities 431 473
Deferred Tax Liabilities, Gross 9,123 6,842
Total net deferred tax liabilities $ (3,001) $ (1,036)