Annual report pursuant to Section 13 and 15(d)

Note 11 - Income Taxes (Tables)

v3.10.0.1
Note 11 - Income Taxes (Tables)
12 Months Ended
Jun. 30, 2018
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
   
2018
   
2017
   
2016
 
Current:
                       
Federal
  $
10,289
    $
15,265
    $
27,660
 
State
   
1,689
     
1,585
     
2,898
 
Foreign
   
824
     
445
     
88
 
Total current
   
12,802
     
17,295
     
30,646
 
Deferred:
                       
Federal
   
174
     
3,413
     
(237
)
State
   
(124
)    
85
     
207
 
Foreign
   
(156
)    
8
     
703
 
Total deferred
   
(106
)    
3,506
     
673
 
Income Tax Expense (Benefit)
  $
12,696
    $
20,801
    $
31,319
 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   
2018
   
2017
   
2016
 
                                                 
Expected Income Tax Expense
  $
13,739
     
28.0
%   $
19,947
     
35.0
%   $
30,785
     
35.0
%
State income taxes, net of federal income tax
   
1,263
     
2.6
%    
1,403
     
2.5
%    
2,514
     
2.9
%
Valuation allowance
   
42
     
0.1
%    
329
     
0.6
%    
339
     
0.4
%
Re-measurement of deferred taxes
   
(2,651
)    
-5.4
%    
-
     
-
     
-
     
-
 
Section 199 Qualified Production Activities deduction
   
(678
)    
-1.4
%    
(999
)    
-1.8
%    
(1,513
)    
-1.7
%
Unrecognized tax expense (benefit)
   
55
     
0.1
%    
(48
)    
-0.1
%    
(479
)    
-0.5
%
Stock compensation - Cancelations & exercises
   
570
     
1.2
%    
 -
     
 -
     
-
     
 -
 
Other, net
   
356
     
0.7
%    
169
     
0.3
%    
(327
)    
-0.4
%
Actual income tax expense (benefit)
  $
12,696
     
25.9
%   $
20,801
     
36.5
%   $
31,319
     
35.6
%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   
2018
   
2017
 
Deferred tax assets:
               
Employee compensation accruals
   
2,729
     
4,395
 
Stock based compensation
   
933
     
2,878
 
Deferred rent credits
   
4,407
     
7,290
 
Net operating loss carryforwards
   
3,959
     
3,687
 
Inventories
   
62
     
1,254
 
Goodwill
   
328
     
953
 
Other, net
   
1,645
     
2,396
 
Total deferred tax assets
   
14,063
     
22,853
 
Less: Valuation allowance
   
(2,527
)    
(2,485
)
Net deferred tax assets
  $
11,536
    $
20,368
 
   
2018
   
2017
 
Deferred tax liabilities:
               
Property, plant and equipment
   
2,827
     
5,360
 
Intangible assets other than goodwill
   
8,951
     
14,166
 
Commissions
   
2,230
     
3,420
 
Total deferred tax liability
   
14,008
     
22,946
 
Total net deferred tax asset (liability)
  $
(2,472
)   $
(2,578
)
Schedule of Deferred Tax Assets Expiration with Respect to Net Operating Losses [Table Text Block]
   
Deferred
   
Net Operating
 
   
Income
   
Loss
 
   
Tax Assets
   
Carryforwards
 
United States (State), expiring between 2025 and 2032
  $
1,340
    $
23,831
 
Foreign, expiring between 2034 and 2038
   
2,619
     
7,745
 
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]
   
2018
   
2017
 
Beginning balance
  $
2,106
    $
2,170
 
Additions for tax positions taken
   
467
     
646
 
Reductions for tax positions taken in prior years
   
(386
)    
(694
)
Settlements
   
-
     
(16
)
Ending balance
  $
2,187
    $
2,106
 
Other Assets [Member]  
Notes Tables  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   
2018
   
2017
 
Current assets
   
-
    $
3,916
 
Non-current assets
   
1,688
     
1,167
 
Current liabilities
   
-
     
-
 
Non-current liabilities
   
4,160
     
7,661
 
Total net deferred tax asset (liability)
  $
(2,472
)   $
(2,578
)