Note 12 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2022

Notes Tables

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

(In thousands)	2022			2021
Components of income (loss) before income taxes:
United States	$	20,124		$	7,117
Foreign		(1,039	)		799
Income before income taxes	$	19,085		$	7,916
Provision for income taxes
U.S. Federal	$	3,586		$	2,425
Foreign		165			247
State and local		644			434
Total current		4,395			3,106
Deferred		(342	)		(1,058	)
Total provision for income taxes	$	4,053		$	2,048

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

(In thousands)	2022			2021
Reconciliation to federal statutory rate:
Federal statutory rate		21.0	%		21.0	%
State and local taxes, net of federal benefit		3.0			1.5
Foreign operations		-			1.0
Federal tax credits		(1.0	)		(1.5	)
Valuation allowance		-			(25.9	)
NY State Tax Credits		-			25.9
Transaction cost		-			3.5
Uncertain tax position activity		(0.3	)		(0.1	)
Stock-based compensation		(0.3	)		1.0
Tax rate changes		(1.4	)		(0.3	)
Other		0.2			(0.2	)
Effective tax rate		21.2	%		25.9	%

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

Components of deferred income tax assets and liabilities
(In thousands)	2022			2021
Uncertain tax positions	$	169		$	138
Reserves against current assets		1,110			936
Accrued expenses		2,596			3,348
Interest		-			927
Deferred compensation		1,195			514
Stock-based compensation		1,421			841
State net operating loss carryover and credits		310			624
Lease Liability		2,667			4,408
Canadian NOL		538
Goodwill, acquisition costs and intangible assets		-			-
U.S. Federal net operating loss carryover and credits		1,235			1,587
Deferred income tax asset before valuation allowance		11,241			13,323
Valuation allowance		(108	)		(108	)
Deferred income tax asset		11,133			13,215
Goodwill, acquisition costs and intangible assets		(3,519	)		(3,683	)
Depreciation		(2,205	)		(2,677	)
Right of Use Asset		(2,513	)		(4,299	)
Deferred income tax liability		(8,237	)		(10,659	)
Net deferred income tax asset	$	2,896		$	2,556

Summary of Income Tax Contingencies [Table Text Block]

(In thousands)	2022			2021
Balance at the beginning of the fiscal year	$	682		$	607
Decreases - tax positions in prior period		(117	)		(52	)
Increase - tax positions in current period		82			49
Increases - tax positions in prior period		-			78
Settlements and payments		-			-
Lapse of statute of limitations		-			-
Balance at end of the fiscal year		647			682