Note 17 - Summary of Quarterly Results (Unaudited)

12 Months Ended

Jun. 30, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

NOTE 17 — SUMMARY OF QUARTERLY RESULTS (UNAUDITED)

	Quarter Ended								Fiscal
(In thousands except per share data)	Sept. 30		Dec. 31		March 31		June 30		Year
2015
Net sales	$	78,466	$	84,715	$	68,603	$	76,073	$	307,857
Gross profit		18,608		20,555		16,305		18,981		74,449
Net income		1,527		1,588		393		1,643		5,151
Earnings per share
Basic	$	0.06	$	0.06	$	0.02	$	0.07	$	0.21
Diluted	$	0.06	$	0.06	$	0.02	$	0.07	$	0.21
Range of share prices
High	$	8.49	$	7.70	$	9.17	$	10.24	$	10.24
Low	$	6.00	$	5.61	$	5.84	$	8.02	$	5.61

2014
Net sales	$	80,486	$	76,123	$	68,996		$	73,858		$	299,463
Gross profit		19,122		16,757		13,715			15,704			65,298
Net income (loss)		1,865		870		(1,009	)		(796	)		930
Earnings (loss) per share
Basic	$	0.08	$	0.04	$	(0.04	)	$	(0.03	)	$	0.04	(a)
Diluted	$	0.08	$	0.04	$	(0.04	)	$	(0.03	)	$	0.04	(a)
Range of share prices
High	$	9.00	$	9.60	$	9.67		$	8.78		$	9.67
Low	$	6.65	$	7.76	$	7.54		$	7.10		$	6.65

2013
Net sales	$	74,719	$	71,082		$	66,152		$	68,837	$	280,790
Gross profit		17,871		13,882			13,921			14,736		60,410
Net income (loss)		1,830		(2,450	)		(315	)		812		(123	)
Earnings (loss) per share
Basic	$	0.08	$	(0.10	)	$	(0.01	)	$	0.03	$	(0.01	)(a)
Diluted	$	0.08	$	(0.10	)	$	(0.01	)	$	0.03	$	(0.01	)(a)
Range of share prices
High	$	7.42	$	7.38		$	7.77		$	8.46	$	8.46
Low	$	6.19	$	6.10		$	6.80		$	6.78	$	6.10

(a) The total of the earnings per share for each of the four quarters does not equal the total earnings per share for the full year because the calculations are based on the average shares outstanding during each of the individual periods.

At August 27, 2015, there were 508 shareholders of record. The Company believes this represents approximately 3,000 beneficial shareholders.

LSI INDUSTRIES INC.
SELECTED FINANCIAL DATA
(In thousands except per share data)

The following data has been selected from the Consolidated Financial Statements of the Company for the periods and dates indicated:

Statement of Operations Data: 

	2015			2014			2013			2012			2011
Net sales	$	307,857		$	299,463		$	280,790		$	268,402		$	293,501
Cost of products and services sold		233,408			234,165			220,380			208,089			221,156
Loss on sale of a subsidiary		565			—			—			—			—
Gain on sale of a building		(343	)		—			—			—			—
Selling and administrative expenses		66,694			62,175			57,367			53,724			56,041
Goodwill and intangible asset impairment (a)		—			805			2,413			258			—
Operating income (loss)		7,533			2,318			630			6,331			16,304
Interest (income)		(26	)		(17	)		(47	)		(25	)		(43	)
Interest expense		45			68			62			165			180
Income (loss) before income taxes		7,514			2,267			615			6,191			16,167
Income taxes		2,363			1,337			738			2,967			5,339
Net income (loss)	$	5,151		$	930		$	(123	)	$	3,224		$	10,828
Earnings (loss) per common share
Basic	$	0.21		$	0.04		$	(0.01	)	$	0.13		$	0.45
Diluted	$	0.21		$	0.04		$	(0.01	)	$	0.13		$	0.44
Cash dividends paid per share	$	0.12		$	0.24		$	0.36		$	0.23		$	0.20
Weighted average common shares
Basic		24,496			24,388			24,313			24,298			24,287
Diluted		24,638			24,546			24,313			24,352			24,339

Balance Sheet Data:

(At June 30)

	2015		2014		2013		2012		2011
Working capital	$	83,967	$	76,788	$	76,703	$	83,702	$	84,524
Total assets		182,379		169,888		169,179		175,226		176,021
Long-term debt, including current maturities		—		—		—		—		1,099
Shareholders’ equity		142,952		138,412		141,690		149,368		151,218

(a) The Company recorded a significant impairment of goodwill and/or intangible assets in fiscal 2014 and 2013, and a minor impairment in fiscal 2012. See Note 6.