Note 13 - Income Taxes (Tables)
|
12 Months Ended |
Jun. 30, 2022 |
|---|
| Notes Tables |
|
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
| |
|
2022 |
|
|
2021 |
|
|
2020 |
|
| U.S. operations |
|
$ |
135,077 |
|
|
$ |
75,458 |
|
|
$ |
12,690 |
|
| Non-U.S. operations |
|
|
3,044 |
|
|
|
953 |
|
|
|
1,499 |
|
| Income before income taxes |
|
$ |
138,121 |
|
|
$ |
76,411 |
|
|
$ |
14,189 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. operations |
|
|
34,682 |
|
|
|
15,812 |
|
|
|
4,989 |
|
| Non-U.S. operations |
|
|
159 |
|
|
|
594 |
|
|
|
300 |
|
| Total income tax expense |
|
$ |
34,841 |
|
|
$ |
16,406 |
|
|
$ |
5,289 |
|
| Effective tax rate |
|
|
25.2 |
% |
|
|
21.5 |
% |
|
|
37.3 |
% |
| |
|
2022 |
|
|
2021 |
|
|
2020 |
|
| Current: |
|
|
|
|
|
|
|
|
|
|
|
|
| Federal |
|
$ |
28,144 |
|
|
$ |
10,617 |
|
|
$ |
2,432 |
|
| State |
|
|
6,474 |
|
|
|
1,647 |
|
|
|
8 |
|
| Foreign |
|
|
575 |
|
|
|
492 |
|
|
|
325 |
|
| Total current |
|
|
35,193 |
|
|
|
12,756 |
|
|
|
2,765 |
|
| Deferred: |
|
|
|
|
|
|
|
|
|
|
|
|
| Federal |
|
|
(610 |
) |
|
|
4,462 |
|
|
|
181 |
|
| State |
|
|
674 |
|
|
|
(914 |
) |
|
|
2,368 |
|
| Foreign |
|
|
(416 |
) |
|
|
102 |
|
|
|
(25 |
) |
| Total deferred |
|
|
(352 |
) |
|
|
3,650 |
|
|
|
2,524 |
|
| Total income tax expense |
|
$ |
34,841 |
|
|
$ |
16,406 |
|
|
$ |
5,289 |
|
|
| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
| |
|
2022 |
|
|
2021 |
|
|
2020 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income tax expense at U.S. Federal statutory tax rate |
|
$ |
29,005 |
|
|
|
21.0 |
% |
|
$ |
16,046 |
|
|
|
21.0 |
% |
|
$ |
2,980 |
|
|
|
21.0 |
% |
| Increase (decrease) in income taxes resulting from: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| State and local income taxes, net of U.S. federal income benefit |
|
|
5,208 |
|
|
|
3.8 |
% |
|
|
2,565 |
|
|
|
3.4 |
% |
|
|
159 |
|
|
|
1.1 |
% |
| Change in valuation allowance |
|
|
(591 |
) |
|
|
-0.4 |
% |
|
|
(2,565 |
) |
|
|
-3.4 |
% |
|
|
2,534 |
|
|
|
17.9 |
% |
| Foreign derived intangible income ("FDII") deduction |
|
|
(289 |
) |
|
|
-0.2 |
% |
|
|
(130 |
) |
|
|
-0.2 |
% |
|
|
- |
|
|
|
0.0 |
% |
| Unrecognized tax benefits |
|
|
390 |
|
|
|
0.3 |
% |
|
|
48 |
|
|
|
0.1 |
% |
|
|
(215 |
) |
|
|
-1.5 |
% |
| Share-based compensation |
|
|
189 |
|
|
|
0.1 |
% |
|
|
72 |
|
|
|
0.1 |
% |
|
|
17 |
|
|
|
0.1 |
% |
| Other, net |
|
|
929 |
|
|
|
0.6 |
% |
|
|
370 |
|
|
|
0.5 |
% |
|
|
(186 |
) |
|
|
-1.3 |
% |
| Actual income tax expense (and corresponding effective tax rate) |
|
$ |
34,841 |
|
|
|
25.2 |
% |
|
$ |
16,406 |
|
|
|
21.5 |
% |
|
$ |
5,289 |
|
|
|
37.3 |
% |
|
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
| |
|
June 30, |
|
| |
|
2022 |
|
|
2021 |
|
| Leases |
|
$ |
28,621 |
|
|
$ |
30,692 |
|
| Employee compensation accruals |
|
|
2,167 |
|
|
|
2,131 |
|
| Share-based compensation |
|
|
271 |
|
|
|
727 |
|
| Net operating loss carryforwards |
|
|
340 |
|
|
|
1,420 |
|
| Property, plant and equipment |
|
|
1,309 |
|
|
|
1,446 |
|
| Other |
|
|
3,321 |
|
|
|
2,263 |
|
| Subtotal deferred tax assets |
|
|
36,029 |
|
|
|
38,679 |
|
| Less: Valuation allowance |
|
|
- |
|
|
|
(593 |
) |
| Total deferred tax assets |
|
$ |
36,029 |
|
|
$ |
38,086 |
|
| |
|
June 30, |
|
| |
|
2022 |
|
|
2021 |
|
| Operating lease right-of-use assets |
|
$ |
24,965 |
|
|
$ |
26,811 |
|
| Intangible assets other than goodwill |
|
|
9,041 |
|
|
|
8,979 |
|
| Commissions |
|
|
5,006 |
|
|
|
5,744 |
|
| Other |
|
|
615 |
|
|
|
502 |
|
| Total deferred tax liabilities |
|
$ |
39,627 |
|
|
$ |
42,036 |
|
| |
|
June 30, |
|
| |
|
2022 |
|
|
2021 |
|
| Other assets |
|
$ |
820 |
|
|
$ |
1,078 |
|
| Other non-current liabilities |
|
|
(4,418 |
) |
|
|
(5,028 |
) |
| Total net deferred tax asset (liability) |
|
$ |
(3,598 |
) |
|
$ |
(3,950 |
) |
|
| 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 |
|
$ |
340 |
|
|
$ |
3,953 |
|
|
| Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
| |
|
June 30, |
|
| |
|
2022 |
|
|
2021 |
|
| Beginning balance |
|
$ |
1,984 |
|
|
$ |
1,933 |
|
| Additions for tax positions related to the current year |
|
|
853 |
|
|
|
452 |
|
| Additions for tax positions of prior years |
|
|
94 |
|
|
|
117 |
|
| Reductions resulting from a lapse of the applicable statute of limitations |
|
|
(457 |
) |
|
|
(518 |
) |
| Ending balance |
|
$ |
2,474 |
|
|
$ |
1,984 |
|
|