v3.26.1
Note 5 - Segment Reporting Information (Tables)
9 Months Ended
Mar. 31, 2026
Notes Tables  
Segment Reporting [Table Text Block]

(In thousands)

 

Three Months Ended

  

Nine Months Ended

 
  

March 31, 2026

  

March 31, 2026

 
          

Segment

          

Segment

 
  

Lighting

  

Display

  

Total

  

Lighting

  

Display

  

Total

 

Total sales

 $62,860  $90,630  $153,490  $205,080  $259,698  $464,778 

Inter-segment sales

  (2,822)  (143)  (2,965)  (9,316)  (686)  (10,002)

Net sales

  60,038   90,487   150,525   195,764   259,012   454,776 
                         

Other segment items *

  (53,637)  (82,922)  (136,559)  (175,802)  (238,388)  (414,190)
                         

Adjusted net income

  6,401   7,565   13,966   19,962   20,624   40,586 
                         

Unallocated corporate expenses

          (3,893)          (11,025)

Interest expense

          (474)          (1,794)

Long-term performance based compensation

          (597)          (2,264)

Amortization expense on acquired intangible assets

          (1,377)          (3,653)

Restructuring / severance costs

          (19)          35 

Acquisition costs

          (4,898)          (5,205)

Lease expense on the step-up basis of acquired leases

          (241)          (340)

Foreign currency transaction loss on intercompany loan

          147           (207)

Tax rate difference between reported and adjusted net income

          (523)          (430)
                         

Net income

         $2,091          $15,703 

(In thousands)

 

Three Months Ended

  

Nine Months Ended

 
  

March 31, 2025

  

March 31, 2025

 
          

Segment

          

Segment

 
  

Lighting

  

Display

  

Total

  

Lighting

  

Display

  

Total

 

Total sales

 $62,302  $73,796  $136,098  $190,984  $243,284  $434,268 

Inter-segment sales

  (3,334)  (283)  (3,617)  (15,371)  (587)  (15,958)

Net sales

  58,968   73,513   132,481   175,613   242,697   418,310 
                         

Other segment items *

  (53,196)  (67,466)  (120,662)  (159,677)  (224,475)  (384,152)
                         

Adjusted net income

  5,772   6,047   11,819   15,936   18,222   34,158 
                         

Unallocated corporate expenses

          (4,827)          (9,587)

Interest expense

          (661)          (2,264)

Long-term performance based compensation

          (879)          (3,039)

Amortization expense on acquired intangible assets

          (1,128)          (3,260)

Restructuring / severance costs

          -           (45)

Acquisition costs

          (577)          (627)

Lease expense on the step-up basis of acquired leases

          (52)          (155)

Consulting expense: commercial growth initiatives

          -           (62)

Tax rate difference between reported and adjusted net income

          188           1,093 
                         

Net income

         $3,883          $16,212 

(In thousands)

 

Three Months Ended

  

Nine Months Ended

 
  

March 31,

  

March 31,

 
  

2026

  

2025

  

2026

  

2025

 

Capital Expenditures:

                

Lighting Segment

 $490  $246  $1,228  $1,467 

Display Solutions Segment

  251   358   2,062   934 
  $741  $604  $3,290  $2,401 
                 

Total segment capital expenditures

 $741  $604  $3,290  $2,401 

Other unallocated capital expenditures

  (34)  86   68   114 

Consolidated capital expenditures

 $707  $690  $3,358  $2,515 
                 

Income Tax Expense:

                

Lighting Segment

 $1,201  $2,063  $5,147  $5,103 

Display Solutions Segment

  2,245   992   5,700   5,298 
  $3,446  $3,055  $10,847  $10,401 
                 

Total segment income tax expense

 $3,446  $3,055  $10,847  $10,401 

Other unallocated income tax (credit)

  (2,179)  (1,342)  (5,102)  (5,352)

Consolidated income tax expense

 $1,267  $1,713  $5,745  $5,049 
                 

Depreciation and Amortization:

                

Lighting Segment

 $1,279  $1,284  $3,816  $3,778 

Display Solutions Segment

  2,012   1,693   5,703   4,984 
  $3,291  $2,977  $9,519  $8,762 
                 

Total segment depreciation and amortization

 $3,291  $2,977  $9,519  $8,762 

Other unallocated depreciation and amortization

  101   84   301   258 

Consolidated depreciation and amortization

 $3,392  $3,061  $9,820  $9,020 
Segment Reporting, Reconciliation of Asset by Segment to Consolidated [Table Text Block]
  

March 31, 2026

  

June 30, 2025

 

Identifiable Assets:

        

Lighting Segment

 $130,617  $132,960 

Display Solutions Segment

  664,562   253,299 
  $795,179  $386,259 
         

Total Segment assets

 $795,179  $386,259 

Deferred tax assets

  -   5,495 

Other unallocated assets

  5,370   4,608 

Consolidated assets

 $800,549  $396,362