Annual report pursuant to Section 13 and 15(d)

Note 11 - Income Taxes (Tables)

v3.5.0.2
Note 11 - Income Taxes (Tables)
 12 Months Ended
Jun. 30, 2016
Other Assets [Member]  
Notes Tables  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   
2016
    
2015
  
Current assets
   $ 3,174     $ 2,301  
Non-current assets
     3,001       3,932  
Current liabilities
     -       -  
Non-current liabilities
     5,246       4,631  
Total net deferred tax asset
   $ 929     $ 1,602  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
   
2016
    
2015
    
2014
  
Current:
                        
Federal
   $ 27,660     $ 15,064     $ 20,693  
State
     2,898       489       1,900  
Foreign
     88       55       60  
Total current
     30,646       15,608       22,653  
Deferred:
                        
Federal
     (237 )     2,979       (941 )
State
     207       759       (1,921 )
Foreign
     703       195       (320 )
Total deferred
     673       3,933       (3,182 )
Income Tax Expense (Benefit)
   $ 31,319     $ 19,541     $ 19,471  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   
2016
    
2015
    
2014
  
                                                 
Expected Income Tax Expense
   $ 30,785       35.0 %   $ 19,839       35.0 %   $ 21,841       35.0 %
State income taxes, net of federal income tax
     2,514       2.9 %     1,597       2.8 %     2,209       3.5 %
Valuation allowance
     339       0.4 %     409       0.7 %     (1,540 )     -2.5 %
Section 199 Qualified Production Activities deduction
     (1,513 )     -1.7 %     (998 )     -1.8 %     (1,342 )     -2.2 %
Unrecognized tax expense (benefit)
     (479 )     -0.5 %     (641 )     -1.1 %     (904 )     -1.4 %
Other, net
     (327 )     -0.4 %     (665 )     -1.2 %     (793 )     -1.3 %
Actual income tax expense (benefit)
   $ 31,319       35.6 %   $ 19,541       34.5 %   $ 19,471       31.2 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   
2016
    
2015
  
Deferred tax assets:
                
Employee compensation accruals
     4,343       4,555  
Stock based compensation
     2,665       2,639  
Deferred rent credits
     6,705       5,943  
Net operating loss carryforwards
     3,375       4,059  
Goodwill
     1,729       2,748  
Other, net
     2,659       3,241  
Total deferred tax assets
     21,476       23,185  
Less: Valuation allowance
     (2,155 )     (1,816 )
Net deferred tax assets
   $ 19,321     $ 21,369  
   
2016
    
2015
  
Deferred tax liabilities:
                
Property, plant and equipment
     654       1,358  
Intangible assets other than goodwill
     14,260       14,261  
Commissions
     3,478       3,999  
Other, net
     -       149  
Total deferred tax liability
     18,392       19,767  
Total net deferred tax asset
   $ 929     $ 1,602  
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 2017 and 2032
   $ 1,086       $ 24,130  
Foreign, Expiring in 2034
     2,289  
 
     6,809  
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]
   
2016
    
2015
  
Beginning balance
   $ 3,117     $ 4,699  
Additions for tax positions taken
     776       568  
Reductions for tax positions taken in prior years
     (1,530 )     (1,555 )
Settlements
     (193 )     (596 )
Ending balance
   $ 2,170     $ 3,117