Note 13 - Income Taxes (Tables)
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12 Months Ended |
Jun. 30, 2020 |
Notes Tables |
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Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
| | 2020 | | | 2019 | | | 2018 | | Current: | | | | | | | | | | | | | Federal | | $ | 2,432 | | | $ | 10,132 | | | $ | 10,289 | | State | | | 8 | | | | 1,237 | | | | 1,689 | | Foreign | | | 325 | | | | 304 | | | | 824 | | Total current | | | 2,765 | | | | 11,673 | | | | 12,802 | | Deferred: | | | | | | | | | | | | | Federal | | | 181 | | | | (3,091 | ) | | | 174 | | State | | | 2,368 | | | | (381 | ) | | | (124 | ) | Foreign | | | (25 | ) | | | (39 | ) | | | (156 | ) | Total deferred | | | 2,524 | | | | (3,511 | ) | | | (106 | ) | Total Income tax expense | | $ | 5,289 | | | $ | 8,162 | | | $ | 12,696 | |
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Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
| | 2020 | | | 2019 | | | 2018 | | | | | | | | | | | | | | | | | | | | | | | | | | | Expected income tax expense at U.S. federal income tax rate | | $ | 2,980 | | | | 21.0 | % | | $ | 7,111 | | | | 21.0 | % | | $ | 13,739 | | | | 28.0 | % | Increase (reduction) in income taxes resulting from: | | | | | | | | | | | | | | | | | | | | | | | | | State income taxes, net of federal benefit | | | 159 | | | | 1.1 | % | | | 737 | | | | 2.2 | % | | | 1,263 | | | | 2.6 | % | Change in valuation allowance | | | 2,534 | | | | 17.9 | % | | | 602 | | | | 1.8 | % | | | 42 | | | | 0.1 | % | Remeasurement of deferred taxes for changes in statutory U.S. tax rate | | | - | | | | 0.0 | % | | | - | | | | 0.0 | % | | | (2,651 | ) | | | -5.4 | % | Section 199 Qualified Production Activities deduction | | | - | | | | 0.0 | % | | | - | | | | 0.0 | % | | | (678 | ) | | | -1.4 | % | Section 250 Foreign Derived Intangible Income deduction | | | - | | | | 0.0 | % | | | (161 | ) | | | -0.5 | % | | | - | | | | 0.0 | % | Unrecognized tax benefits | | | (215 | ) | | | -1.5 | % | | | 26 | | | | 0.1 | % | | | 55 | | | | 0.1 | % | Stock-based compensation - forfeitures and exercises | | | 17 | | | | 0.1 | % | | | 184 | | | | 0.5 | % | | | 570 | | | | 1.2 | % | Other, net | | | (186 | ) | | | -1.3 | % | | | (337 | ) | | | -1.0 | % | | | 356 | | | | 0.7 | % | Actual income tax expense (and corresponding effective tax rate) | | $ | 5,289 | | | | 37.3 | % | | $ | 8,162 | | | | 24.1 | % | | $ | 12,696 | | | | 25.9 | % |
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Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
| | 2020 | | | 2019 | | Deferred tax assets: | | | | | | | | | Leases | | $ | 32,184 | | | $ | - | | Employee compensation accruals | | | 2,259 | | | | 2,697 | | Stock-based compensation | | | 670 | | | | 715 | | Deferred rent | | | - | | | | 4,184 | | Net operating loss carryforwards | | | 2,002 | | | | 4,259 | | Property, plant and equipment | | | 1,020 | | | | 1,021 | | Other | | | 2,825 | | | | 2,341 | | Subtotal deferred tax assets | | | 40,960 | | | | 15,217 | | Less: Valuation allowance | | | (3,158 | ) | | | (3,197 | ) | Total deferred tax assets | | $ | 37,802 | | | $ | 12,020 | |
| | 2020 | | | 2019 | | Operating lease right-of-use assets | | $ | 27,334 | | | $ | - | | Intangible assets other than goodwill | | | 9,080 | | | | 9,007 | | Commissions | | | 2,207 | | | | 1,974 | | Other | | | 118 | | | | - | | Total deferred tax liabilities | | $ | 38,739 | | | $ | 10,981 | |
| | 2020 | | | 2019 | | Other assets | | $ | 137 | | | $ | 2,108 | | Other non-current liabilities | | | 1,074 | | | | 1,069 | | Total net deferred tax asset (liability) | | $ | (937 | ) | | $ | 1,039 | |
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Schedule of Deferred Tax Assets Expiration with Respect to Net Operating Losses [Table Text Block] |
| | Deferred | | | Net Operating Loss | | | | Tax Assets | | | Carryforwards | | Various U.S. state net operating losses, expiring between 2025 and 2040 | | $ | 1,383 | | | $ | 25,501 | | Foreign capital losses, expiring between 2034 and 2040 | | $ | 619 | | | $ | 2,335 | |
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Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
| | 2020 | | | 2019 | | Beginning balance | | $ | 2,209 | | | $ | 2,187 | | Additions for tax positions taken during the current year | | | 214 | | | | 329 | | Additions for tax positions taken during the prior year | | | 126 | | | | 143 | | Reductions for tax positions taken during the prior year | | | - | | | | - | | Decreases related to settlements with taxing authorities | | | - | | | | - | | Reductions resulting from a lapse of the applicable statute of limitations | | | (616 | ) | | | (450 | ) | Ending balance | | $ | 1,933 | | | $ | 2,209 | |
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