Note 14 - Income Taxes (Tables)
|
12 Months Ended |
Jun. 30, 2026 |
| Notes Tables |
|
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
(In thousands) | | 2026 | | | 2025 | | | 2024 | |
| | | | | | | | | | | | |
Components of income before income taxes: | | | | | | | | | | | | |
United States | | $ | 30,396 | | | $ | 30,083 | | | $ | 32,295 | |
Foreign | | | 1,078 | | | | 2,955 | | | | 804 | |
Income before income taxes | | $ | 31,474 | | | $ | 33,038 | | | $ | 33,099 | |
| | | | | | | | | | | | |
Provision (benefit) for income taxes - current | | | | | | | | | | | | |
U.S. Federal | | $ | 637 | | | $ | 8,384 | | | $ | 6,907 | |
Foreign | | | 1,781 | | | | 700 | | | | (30 | ) |
State and local | | | 575 | | | | 1,933 | | | | 2,851 | |
Total current | | $ | 2,993 | | | $ | 11,017 | | | $ | 9,728 | |
| | | | | | | | | | | | |
Provision (benefit) for income taxes - deferred | | | | | | | | | | | | |
U.S. Federal | | | 5,485 | | | | (2,279 | ) | | | (983 | ) |
International | | | (446 | ) | | | 202 | | | | (665 | ) |
State and local | | | 863 | | | | (285 | ) | | | 42 | |
Total deferred | | $ | 5,902 | | | $ | (2,362 | ) | | $ | (1,606 | ) |
| | | | | | | | | | | | |
Total provision for income taxes | | $ | 8,895 | | | $ | 8,655 | | | $ | 8,122 | |
|
| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
| | 2026 | | | 2025 | | | 2024 | |
(In thousands) | | Amount | | | Rate | | | Amount | | | Rate | | | Amount | | | Rate | |
Reconciliation to federal statutory rate: | | | | | | | | | | | | | | | | | | | | | | | | |
Federal statutory rate | | $ | 6,610 | | | | 21.0 | | | $ | 6,937 | | | | 21.0 | | | $ | 6,951 | | | | 21.0 | |
State and local taxes, net of federal benefit (a) | | | 1,135 | | | | 3.6 | | | | 1,146 | | | | 3.5 | | | | 1,402 | | | | | |
Foreign tax effects | | | | | | | | | | | | | | | | | | | | | | | 4.2 | |
Canada | | | | | | | | | | | | | | | | | | | | | | | | |
Transaction costs | | | 884 | | | | 2.8 | | | | - | | | | - | | | | - | | | | - | |
Statutory income tax rate differential | | | 247 | | | | 0.8 | | | | 299 | | | | 1.0 | | | | 39 | | | | 0.1 | |
Other | | | 156 | | | | 0.5 | | | | - | | | | - | | | | (208 | ) | | | (0.6 | ) |
Other foreign jurisdictions | | | 41 | | | | 0.1 | | | | (19 | ) | | | (0.1 | ) | | | 11 | | | | 0.1 | |
Effects of changes in tax laws or rates enacted | | | | | | | | | | | | | | | | | | | | | | | | |
Effects of cross-border tax laws | | | (32 | ) | | | (0.1 | ) | | | 155 | | | | 0.5 | | | | (47 | ) | | | (0.1 | ) |
Tax credits | | | (429 | ) | | | (1.4 | ) | | | (284 | ) | | | (0.9 | ) | | | (353 | ) | | | (1.1 | ) |
Non-taxable or non-deductible items | | | | | | | | | | | | | | | | | | | | | | | | |
Transaction costs | | | 830 | | | | 2.7 | | | | 220 | | | | 0.6 | | | | - | | | | - | |
Officer's compensation | | | 3,886 | | | | 12.5 | | | | 591 | | | | 1.8 | | | | 615 | | | | 1.8 | |
Other | | | 129 | | | | 0.4 | | | | 124 | | | | 0.4 | | | | 49 | | | | 0.1 | |
Changes in unrecognized tax (benefit) expense | | | (58 | ) | | | (0.2 | ) | | | 122 | | | | 0.3 | | | | 177 | | | | 0.5 | |
Stock-based compensation | | | (4,259 | ) | | | (13.5 | ) | | | (927 | ) | | | (2.8 | ) | | | (763 | ) | | | (2.3 | ) |
Other | | | (245 | ) | | | (0.8 | ) | | | 291 | | | | 0.9 | | | | 249 | | | | 0.8 | |
Effective tax rate | | $ | 8,895 | | | | 28.4 | | | $ | 8,655 | | | | 26.2 | | | $ | 8,122 | | | | 24.5 | |
|
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
Components of deferred income tax assets and liabilities | | | | | | | | |
| | | | | | | | |
(In thousands) | | 2026 | | | 2025 | |
| | | | | | | | |
Uncertain tax positions | | $ | 316 | | | $ | 241 | |
Reserves against current assets | | | 3,230 | | | | 2,384 | |
Accrued expenses | | | 4,260 | | | | 3,962 | |
Deferred compensation | | | 2,659 | | | | 2,479 | |
Stock-based compensation | | | 1,964 | | | | 2,017 | |
Interest | | | 1,820 | | | | - | |
Capitalized R&D | | | 123 | | | | 3,885 | |
State net operating loss carryover and credits | | | 938 | | | | 108 | |
Lease Liability | | | 10,111 | | | | 4,841 | |
U.S. Federal net operating loss carryover and credits | | | 4,817 | | | | - | |
Deferred income tax asset before valuation allowance | | | 30,238 | | | | 19,917 | |
| | | | | | | | |
Valuation allowance | | | (108 | ) | | | (108 | ) |
Deferred income tax asset | | | 30,130 | | | | 19,809 | |
| | | | | | | | |
Goodwill, acquisition costs and intangible assets | | | (37,295 | ) | | | (7,578 | ) |
Depreciation | | | (9,827 | ) | | | (3,436 | ) |
Foreign investment | | | (280 | ) | | | - | |
Right of Use Asset | | | (9,729 | ) | | | (4,702 | ) |
Deferred income tax liability | | | (57,131 | ) | | | (15,716 | ) |
| | | | | | | | |
Net deferred income tax asset (liability) | | $ | (27,001 | ) | | $ | 4,093 | |
|
| Schedule of Income Taxes Paid [Table Text Block] |
(In thousands) | | 2026 | | | 2025 | | | 2024 | |
| | | | | | | | | | | | |
Federal | | $ | 6,650 | | | $ | 4,585 | | | $ | 8,571 | |
State | | | 1,928 | | | | 1,282 | | | | 1,000 | |
Canada | | | 542 | | | | - | | | | - | |
Total cash taxes paid | | $ | 9,120 | | | $ | 5,867 | | | $ | 9,571 | |
|
| Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
(In thousands) | | 2026 | | | 2025 | | | 2024 | |
| | | | | | | | | | | | |
Balance at the beginning of the fiscal year | | $ | 2,086 | | | $ | 825 | | | $ | 656 | |
Decreases - tax positions in prior period | | | (364 | ) | | | (101 | ) | | | (63 | ) |
Increase - tax positions from acquired company | | | - | | | | 1,149 | | | | - | |
Increase - tax positions in current period | | | 201 | | | | 213 | | | | 232 | |
Balance at end of the fiscal year | | $ | 1,923 | | | $ | 2,086 | | | $ | 825 | |
|