Note 3 - Acquisition of JSI Store Fixtures (Tables)

9 Months Ended

Mar. 31, 2022

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	May 21, 2021
	as initially					May 21, 2021
(In thousands)	reported			Adjustments		as adjusted
Cash and cash equivalents	$	4,067		$	-	$	4,067
Accounts receivable, net		9,252			-		9,252
Inventories		9,898			-		9,898
Property, plant and equipment		7,076			-		7,076
Other assets		7,440			-		7,440
Intangible assets		45,760			-		45,760
Accounts payable		(4,199	)		-		(4,199	)
Accrued liabilities		(8,434	)		-		(8,434	)
Deferred tax liability		(10,583	)		-		(10,583	)
Identifiable assets		60,277			-		60,277
Goodwill		33,415			600		34,015
Net purchase consideration	$	93,692		$	600	$	94,292

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

	Estimated		Estimated Useful
(In thousands)	Fair Value		Life (Years)
Tradename	$	8,680	Indefinite life
Technology asset		4,900		7
Non-compete		260		5
Customer relationship		31,920		20
	$	45,760

Business Acquisition, Pro Forma Information [Table Text Block]

	Twelve Months Ended
	June 30
(In thousands, unaudited)	2021		2020
Net sales	$	391,000	$	362,541
Gross profit	$	97,947	$	86,399
Operating income	$	19,312	$	13,878