Note 13 - Income Taxes (Tables)
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12 Months Ended |
Jun. 30, 2019 |
Notes Tables |
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Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
| | 2019 | | | 2018 | | | 2017 | | Current: | | | | | | | | | | | | | Federal | | $ | 10,133 | | | $ | 10,289 | | | $ | 15,265 | | State | | | 1,237 | | | | 1,689 | | | | 1,585 | | Foreign | | | 304 | | | | 824 | | | | 445 | | Total current | | | 11,674 | | | | 12,802 | | | | 17,295 | | Deferred: | | | | | | | | | | | | | Federal | | | (3,092 | ) | | | 174 | | | | 3,413 | | State | | | (381 | ) | | | (124 | ) | | | 85 | | Foreign | | | (39 | ) | | | (156 | ) | | | 8 | | Total deferred | | | (3,512 | ) | | | (106 | ) | | | 3,506 | | Income tax expense | | $ | 8,162 | | | $ | 12,696 | | | $ | 20,801 | |
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Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
| | 2019 | | | 2018 | | | 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | Expected income tax expense | | $ | 7,111 | | | | 21.0 | % | | $ | 13,739 | | | | 28.0 | % | | $ | 19,947 | | | | 35.0 | % | State income taxes, net of federal income tax | | | 737 | | | | 2.2 | % | | | 1,263 | | | | 2.6 | % | | | 1,403 | | | | 2.5 | % | Valuation allowance | | | 602 | | | | 1.8 | % | | | 42 | | | | 0.1 | % | | | 329 | | | | 0.6 | % | Re-measurement of deferred taxes | | | - | | | | 0.0 | % | | | (2,651 | ) | | | -5.4 | % | | | - | | | | - | | Section 199 Qualified Production Activities deduction | | | - | | | | 0.0 | % | | | (678 | ) | | | -1.4 | % | | | (999 | ) | | | -1.8 | % | Section 250 Foreign Derived Intangible Income deduction | | | (161 | ) | | | -0.5 | % | | | - | | | | 0.0 | % | | | - | | | | 0.0 | % | Unrecognized tax expense (benefit) | | | 26 | | | | 0.1 | % | | | 55 | | | | 0.1 | % | | | (48 | ) | | | -0.1 | % | Stock-based compensation - forfeitures and exercises | | | 184 | | | | 0.5 | % | | | 570 | | | | 1.2 | % | | | - | | | | - | | Other, net | | | (337 | ) | | | -1.0 | % | | | 356 | | | | 0.7 | % | | | 169 | | | | 0.3 | % | Actual income tax expense | | $ | 8,162 | | | | 24.1 | % | | $ | 12,696 | | | | 25.9 | % | | $ | 20,801 | | | | 36.5 | % |
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Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
| | 2019 | | | 2018 | | Deferred tax assets: | | | | | | | | | Employee compensation accruals | | $ | 2,697 | | | $ | 2,729 | | Stock-based compensation | | | 715 | | | | 933 | | Deferred rent credits | | | 4,184 | | | | 4,407 | | Net operating loss carryforwards | | | 4,259 | | | | 3,959 | | Property, plant and equipment | | | 1,021 | | | | - | | Goodwill | | | 77 | | | | 328 | | Reserves | | | 863 | | | | 247 | | Other, net | | | 1,401 | | | | 1,460 | | Subtotal deferred tax assets | | | 15,217 | | | | 14,063 | | Less: Valuation allowance | | | (3,197 | ) | | | (2,527 | ) | Total net deferred tax assets | | $ | 12,020 | | | $ | 11,536 | |
| | 2019 | | | 2018 | | Property, plant and equipment | | $ | - | | | $ | 2,827 | | Intangible assets other than goodwill | | | 9,007 | | | | 8,951 | | Commissions | | | 1,974 | | | | 2,230 | | Total deferred tax liability | | $ | 10,981 | | | $ | 14,008 | |
| | 2019 | | | 2018 | | Non-current assets | | $ | 2,108 | | | $ | 1,688 | | Non-current liabilities | | | 1,069 | | | | 4,160 | | Total net deferred tax asset (liability) | | $ | 1,039 | | | $ | (2,472 | ) |
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Schedule of Deferred Tax Assets Expiration with Respect to Net Operating Losses [Table Text Block] |
| | Deferred Income | | | Net Operating Loss | | | | Tax Assets | | | Carryforwards | | United States (federal and state), expiring between 2023 and 2032 | | $ | 1,168 | | | $ | 20,662 | | Foreign, expiring between 2034 and 2039 | | $ | 3,091 | | | $ | 9,566 | |
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Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
| | 2019 | | | 2018 | | Beginning balance | | $ | 2,187 | | | $ | 2,106 | | Additions for tax positions taken during the current year | | | 329 | | | | 360 | | Additions for tax positions taken during the prior year | | | 143 | | | | 107 | | Reductions for tax positions taken in prior years | | | (450 | ) | | | (386 | ) | Decreases related to settlements with taxing authorities | | | - | | | | - | | Ending balance | | $ | 2,209 | | | $ | 2,187 | |
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