Note 12 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2024

Notes Tables

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

(In thousands)	2024			2023
Components of income (loss) before income taxes:
United States	$	32,295		$	31,701
Foreign		804			1,625
Income before income taxes	$	33,099		$	33,326
Provision for income taxes
U.S. Federal	$	6,909		$	6,327
Foreign		(30	)		325
State and local		2,851			1,330
Total current	$	9,730		$	7,982
Deferred		(1,608	)		(418	)
Total provision for income taxes	$	8,122		$	7,564

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

(In thousands)	2024			2023
Reconciliation to federal statutory rate:
Federal statutory rate		21.0			21.0
State and local taxes, net of federal benefit		4.2			2.9
Foreign operations		(0.5	)		0.6
Federal tax credits		(1.1	)		(1.0	)
Officer's Compensation		1.9			1.0
Uncertain tax position activity		0.5			-
Stock-based compensation		(2.3	)		(1.2	)
Tax rate changes		-			(0.2	)
Other		0.8			(0.4	)
Effective tax rate		24.5			22.7

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

Components of deferred income tax assets and liabilities
(In thousands)	2024			2023
Uncertain tax positions	$	241		$	185
Reserves against current assets		1,408			1,255
Accrued expenses		3,029			3,381
Deferred compensation		2,008			1,459
Stock-based compensation		1,859			1,680
Capitalized R&D		1,985			-
State net operating loss carryover and credits		120			140
Lease Liability		4,187			2,397
Canadian NOL		313			319
U.S. Federal net operating loss carryover and credits		52			258
Deferred income tax asset before valuation allowance		15,202			11,074
Valuation allowance		(108	)		(108	)
Deferred income tax asset		15,094			10,966
Goodwill, acquisition costs and intangible assets		(3,977	)		(3,749	)
Depreciation		(2,048	)		(1,634	)
Right of Use Asset		(4,149	)		(2,269	)
Deferred income tax liability		(10,174	)		(7,652	)
Net deferred income tax asset	$	4,920		$	3,314

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

Uncertain tax positions
(In thousands)	2024			2023
Balance at the beginning of the fiscal year	$	656		$	647
Decreases - tax positions in prior period		(63	)		(134	)
Increase - tax positions in current period		232			143
Balance at end of the fiscal year	$	825		$	656