LSI Industries (LYTS) 10-K10 Sep 212021 FY Annual reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Jun. 30, 2021	Aug. 31, 2021	Dec. 31, 2020
Document Information [Line Items]
Entity Central Index Key	0000763532
Entity Registrant Name	LSI INDUSTRIES INC
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	0-13375
Entity Incorporation, State or Country Code	OH
Entity Address, Address Line One	10000 Alliance Road
Entity Address, City or Town	Cincinnati
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45242
Entity Tax Identification Number	31-0888951
City Area Code	513
Local Phone Number	793-3200
Title of 12(b) Security	Common shares, no par value
Trading Symbol	LYTS
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 206,799,551
Entity Common Stock, Shares Outstanding		26,596,438
ICFR Auditor Attestation Flag	true

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Net Sales	$ 315,612	$ 305,558
Cost of products and services sold	236,637	230,944
Severance costs	15	104
Restructuring (gains) costs	(14)	980
Gross profit	78,974	73,530
Selling and administrative expenses	70,918	68,783
Severance costs	26	242
Restructuring gains	0	(8,571)
Operating income	8,030	13,076
Interest (income)	(19)	(3)
Interest expense	287	873
Other (income) expense	(154)	513
Income before income taxes	7,916	11,693
Income tax expense	2,048	2,101
Net income	$ 5,868	$ 9,592
Earnings per common share (see Note 4)
Basic (in dollars per share)	$ 0.22	$ 0.37
Diluted (in dollars per share)	$ 0.21	$ 0.36
Weighted average common shares outstanding
Basic (in shares)	26,692	26,274
Diluted (in shares)	27,440	26,473

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Net income	$ 5,868	$ 9,592
Foreign currency translation adjustment	142	(109)
Comprehensive Income	$ 6,010	$ 9,483

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Current assets
Cash and cash equivalents	$ 2,282	$ 3,517
Accounts receivable, less allowance for doubtful accounts of $256 and $273, respectively	57,685	37,836
Inventories	58,941	38,752
Refundable income tax	1,275	2,776
Other current assets	4,825	2,977
Total current assets	125,008	85,858
Property, Plant and Equipment, at cost
Land	3,984	3,933
Buildings	24,393	20,638
Machinery and equipment	65,928	67,796
Buildings under finance leases	2,033	2,033
Construction in progress	933	440
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization	97,271	94,840
Less accumulated depreciation	(66,719)	(68,305)
Net property, plant and equipment	30,552	26,535
Goodwill, Ending Balance	43,788	10,373
Other Intangible Assets, net	72,773	29,960
Operating Lease, Right-of-Use Asset	11,579	8,663
Other Long-Term Assets, net	3,121	10,874
Total assets	286,821	172,263
LIABILITIES & SHAREHOLDERS' EQUITY
Accounts payable	32,977	14,216
Accrued expenses	37,918	20,433
Total current liabilities	70,895	34,649
Long-Term Debt	68,178	0
Finance Lease Liabilities	1,521	1,755
Operating Lease Liabilities	10,890	9,021
Other Long-Term Liabilities	4,167	1,138
Commitments and Contingencies (Note 14)	0	0
Shareholders' Equity
Preferred shares, without par value; Authorized 1,000,000 shares, none issued	0	0
Common shares, without par value; Authorized 40,000,000 shares; Outstanding 26,517,836 and 26,286,009 shares, respectively	132,526	127,713
Treasury shares, without par value	(2,450)	(1,121)
Deferred compensation plan	2,450	1,121
Retained (loss)	(1,405)	(1,920)
Accumulated other comprehensive income (loss)	49	(93)
Total shareholders' equity	131,170	125,700
Total liabilities & shareholders' equity	$ 286,821	$ 172,263

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Allowance for doubtful accounts	$ 256	$ 273
Preferred shares, par value (in dollars per share)	$ 0	$ 0
Preferred shares, authorized shares (in shares)	1,000,000	1,000,000
Preferred shares, issued (in shares)	0	0
Common shares, par value (in dollars per share)	$ 0	$ 0
Common shares, authorized shares (in shares)	40,000,000	40,000,000
Common shares, outstanding (in shares)	26,517,836	26,286,009

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock Including Additional Paid in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Treasury Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Key Executive Deferred Compensation [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock Including Additional Paid in Capital [Member]	Treasury Stock [Member]	Key Executive Deferred Compensation [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Jun. 30, 2019							26,176,000	(209,000)
Balance at Jun. 30, 2019	$ 0	$ 0	$ 0	$ 0	$ (428)	$ (428)	$ 125,729	$ (1,468)	$ 1,468	$ 16	$ (5,808)	$ 119,937
Net income							0	0	0	0	9,592	9,592
Other comprehensive income (loss)							$ 0	$ 0	0	(109)	0	(109)
Stock compensation awards (in shares)							72,000	0
Stock compensation awards							$ 300	$ 0	0	0	0	300
Restricted stock units issued (in shares)							21,000	0
Restricted stock units issued							$ 0	$ 0	0	0	0	0
Shares issued for deferred compensation (in shares)							85,000	0
Shares issued for deferred compensation							$ 473	$ 0	0	0	0	473
Activity of treasury shares, net (in shares)							0	29,000
Activity of treasury shares, net							$ 0	$ 347	0	0	0	347
Deferred stock compensation							0	0	(347)	0	0	(347)
Stock-based compensation expense							$ 599	$ 0	0	0	0	599
Stock options exercised, net (in shares)							112,000	0
Stock options exercised, net							$ 612	$ 0	0	0		612
Dividends — $0.20 per share							$ 0	$ 0	0	0	(5,276)	(5,276)
Balance (in shares) at Jun. 30, 2020							26,466,000	(180,000)
Balance at Jun. 30, 2020							$ 127,713	$ (1,121)	1,121	(93)	(1,920)	125,700
Net income							0	0	0	0	5,868	5,868
Other comprehensive income (loss)							$ 0	$ 0	0	142	0	142
Stock compensation awards (in shares)							43,000	0
Stock compensation awards							$ 315	$ 0	0	0	0	315
Restricted stock units issued (in shares)							28,000	0
Restricted stock units issued							$ 0	$ 0	0	0	0	0
Shares issued for deferred compensation (in shares)							193,000	0
Shares issued for deferred compensation							$ 1,534	$ 0	0	0	0	1,534
Activity of treasury shares, net (in shares)							0	(166,000)
Activity of treasury shares, net							$ 0	$ (1,329)	0	0	0	(1,329)
Deferred stock compensation							0	0	1,329	0	0	1,329
Stock-based compensation expense							$ 1,977	$ 0	0	0	0	$ 1,977
Stock options exercised, net (in shares)							133,000	0				139,367
Stock options exercised, net							$ 987	$ 0	0	0	0	$ 987
Dividends — $0.20 per share							$ 0	$ 0	0	0	(5,353)	(5,353)
Balance (in shares) at Jun. 30, 2021							26,863,000	(346,000)
Balance at Jun. 30, 2021							$ 132,526	$ (2,450)	$ 2,450	$ 49	$ (1,405)	$ 131,170

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Dividend per share (in dollars per share)	$ 0.20	$ 0.20

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash Flows from Operating Activities
Net income	$ 5,868	$ 9,592
Non-cash items included in net income
Depreciation and amortization	8,114	8,654
Deferred income taxes	(1,058)	3,925
Deferred compensation plan	1,534	473
Stock compensation expense	1,977	599
Issuance of common shares as compensation	315	300
Loss (gain) on disposition of fixed assets	154	(8,521)
Allowance for doubtful accounts	19	19
Inventory obsolescence reserve	1,754	2,454
Changes in certain assets and liabilities, net of acquisition
Accounts receivable	(10,570)	16,340
Inventories	(11,983)	2,246
Refundable income taxes	1,517	(1,893)
Accounts payable	14,442	(3,883)
Accrued expenses and other	6,285	(546)
Customer prepayments	9,641	(47)
Net cash flows provided by operating activities	28,009	29,712
Cash Flows from Investing Activities
Acquisition of JSI, excluding cash aquired	(90,725)	0
Purchases of property, plant and equipment	(2,233)	(2,739)
Proceeds from the sale of fixed assets	0	20,150
Net cash flows (used in) provided by investing activities	(92,958)	17,411
Cash Flows from Financing Activities
Payments of long-term debt	(18,579)	(204,676)
Borrowings of long-term debt	86,757	165,135
Cash dividends paid	(5,288)	(5,276)
Shares withheld for employees' taxes	(60)	(152)
Payments on financing lease obligations	(239)	(39)
Proceeds from stock option exercises	987	612
Net cash flows provided by (used in) financing activities	63,578	(44,396)
Change related to foreign currency	136	(176)
(Decrease) increase in cash and cash equivalents	(1,235)	2,551
Cash and cash equivalents at beginning of period	3,517	966
Cash and cash equivalents at end of period	$ 2,282	$ 3,517

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	12 Months Ended
Note 1 - Summary of Significant Accounting Policies	Jun. 30, 2021
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Consolidation: The consolidated financial statements include the accounts of LSI Industries Inc. (an Ohio corporation) and its subsidiaries (collectively, the “Company”), all of which are wholly owned. All intercompany transactions and balances have been eliminated in consolidation. COVID- 19 The COVID- 19 not 19 may 19 1A, 10 19. Revenue Recognition: The Company recognizes revenue when it satisfies the performance obligations in its customer contracts or purchase orders. Most of the Company’s products have a single performance obligation which is satisfied at a point in time when control is transferred to the customer. Control is generally transferred at time of shipment when title and risk of ownership passes to the customer. For customer contracts with multiple performance obligations, the Company allocates the transaction price and any discounts to each performance obligation based on relative standalone selling prices. Payment terms are typically within 30 90 not Installation is a separate performance obligation, except for our digital signage products. For digital signage products, installation is not not no A number of the Company's graphics elements and select lighting products are highly customized for specific customers. As a result, these customized products do not not no ● Customer specific branded print graphics ● Electrical components based on customer specifications ● Digital signage and related media content The Company also offers installation services for its display solutions elements and select lighting products. Installation revenue is recognized over time as our customer simultaneously receives and consumes the benefits provided through the installation process. For these customized products and installation services, revenue is recognized using a cost-based input method: recognizing revenue and gross profit as work is performed based on the relationship between the actual cost incurred and the total estimated cost for the contract. Disaggregation of Revenue The Company disaggregates the revenue from contracts with customers by the timing of revenue recognition because the Company believes it best depicts the nature, amount, and timing of our revenue and cash flows. The table presents a reconciliation of the disaggregation by reportable segments. Twelve Months Ended (In thousands) June 30, 2021 Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 165,062 $ 66,123 Products and services transferred over time 23,938 60,489 $ 189,000 $ 126,612 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 164,778 $ 35,976 Poles and other display solutions elements 22,492 61,919 Project management, installation services, shipping and handling 1,730 28,717 $ 189,000 $ 126,612 Practical Expedients and Exemptions ● The Company’s contracts with customers have an expected duration of one ● Shipping costs that are not ● The Company’s accounts receivable balance represents the Company’s unconditional right to receive payment from its customers with contracts. Payments are generally due within 30 90 not ● The Company collects sales tax and other taxes concurrent with revenue-producing activities which are excluded from revenue. Shipping and handling costs are treated as fulfillment activities and included in cost of products and services sold on the Consolidated Statements of Operations. Credit and Collections: The Company maintains allowances for doubtful accounts receivable for probable estimated losses resulting from either customer disputes or the inability of its customers to make required payments. If the financial condition of the Company’s customers were to deteriorate, resulting in their inability to make the required payments, the Company may first (In thousands) June 30, 2021 June 30, 2020 Accounts receivable $ 57,941 $ 38,109 Less: Allowance for doubtful accounts (256 ) (273 ) Accounts receivable, net $ 57,685 $ 37,836 Cash and Cash Equivalents: The cash balance includes cash and cash equivalents which have original maturities of less than three $250,000. June 30, 2021 June 30, 2020, Inventories, Net and Inventory Reserves: Inventories are stated at the lower of cost or net realizable value. Cost of inventories includes the cost of purchased raw materials and purchased components, direct labor, as well as manufacturing overhead which is generally applied to inventory based on direct labor and on material content, is determined on the first first The Company maintains an inventory reserve for obsolete and excess inventory. The Company first Property, Plant and Equipment and Related Depreciation: Property, plant and equipment are stated at cost. Major additions and betterments are capitalized while maintenance and repairs are expensed. For financial reporting purposes, depreciation is computed on the straight-line method over the estimated useful lives of the assets as follows: Buildings (in years) 28 - 40 Machinery and equipment (in years) 3 - 10 Computer software (in years) 3 - 8 Costs related to the purchase, internal development, and implementation of the Company’s fully integrated enterprise resource planning/business operating software system are either capitalized or expensed. Leasehold improvements are depreciated over the shorter of fifteen The Company recorded $5.2 million and $6.0 million of depreciation expense in the years ended June 30, 2021 2020 Goodwill and Intangible Assets: Intangible assets consisting of customer relationships, trade names and trademarks, patents, technology and software are recorded on the Company's balance sheet. The definite-lived intangible assets are being amortized to expense over periods ranging between five twenty 7. Fair Value: The Company has financial instruments consisting primarily of cash and cash equivalents, revolving lines of credit, accounts receivable, accounts payable, and long-term debt. The fair value of these financial instruments approximates carrying value because of their short-term maturity and/or variable, market-driven interest rates. The Company has no financial instruments with off-balance sheet risk. Fair value measurements of nonfinancial assets and nonfinancial liabilities are primarily used in goodwill and other intangible asset impairment analyses, long-lived asset impairment analyses and valuation of acquired assets and assumed liabilities. The accounting guidance on fair value measurement was used to measure the fair value of these nonfinancial assets and nonfinancial liabilities. Product Warranties: The Company offers a limited warranty that its products are free from defects in workmanship and materials. The specific terms and conditions vary somewhat by product line, but generally cover defective products returned within one five Changes in the Company’s warranty liabilities, which are included in accrued expenses in the accompanying consolidated balance sheets, during the periods indicated below were as follows: (In thousands) June 30, 2021 June 30, 2020 Balance at beginning of the period $ 6,956 $ 7,687 Additions from company acquired 248 - Additions charged to expense 859 2,482 Deductions for repairs and replacements (2,768 ) (3,213 ) Balance at end of the period $ 5,295 $ 6,956 Employee Benefit Plans: The Company has a 401 401 401 June 30, 2021 2020, Research and Development Costs: Research and development costs are directly attributable to new product development, including the development of new technology for both existing and new products, and consist of salaries, payroll taxes, employee benefits, materials, outside legal costs and filing fees related to obtaining patents, supplies, depreciation and other administrative costs. The Company expenses as research and development all costs associated with development of software used in solid-state LED products. All costs are expensed as incurred and are included in selling and administrative expenses. Research and development costs related to both product and software development totaled $3.7 million and $3.6 million for the fiscal years ended June 30, 2021 2020, Cost of Products and Services Sold: Cost of products sold is primarily comprised of direct materials and supplies consumed in the manufacture of products, as well as manufacturing labor, depreciation expense and direct overhead expense necessary to acquire and convert the purchased materials and supplies into finished product. Cost of products sold also includes the cost to distribute products to customers, inbound freight costs, internal transfer costs, warehousing costs and other shipping and handling activity. Cost of services sold is primarily comprised of the internal and external labor costs required to support the Company’s installation and service revenue along with the management of media content. Earnings Per Common Share: The computation of basic earnings per common share is based on the weighted average common shares outstanding for the period net of treasury shares held in the Company’s nonqualified deferred compensation plan. The computation of diluted earnings per share is based on the weighted average common shares outstanding for the period and includes common share equivalents. Common share equivalents include the dilutive effect of stock options, restricted stock units, stock warrants, contingently issuable shares and common shares to be issued under a deferred compensation plan, all of which totaled 1,029,000 shares and 368,000 shares in fiscal 2021 2020, 4. Income Taxes: The Company accounts for income taxes in accordance with the accounting guidance for income taxes. Accordingly, deferred income taxes are provided on items that are reported as either income or expense in different time periods for financial reporting purposes than they are for income tax purposes. Deferred income tax assets are reported on the Company’s balance sheet. Significant management judgment is required in developing the Company’s income tax provision, including the estimation of taxable income and the effective income tax rates in the multiple taxing jurisdictions in which the Company operates, the estimation of the liability for uncertain income tax positions, the determination of deferred tax assets and liabilities, and any valuation allowances that might be required against deferred tax assets. Foreign Exchange: The functional currency of the Company’s Mexican subsidiary is the Mexican Peso and the functional currency of the Company’s Canadian subsidiary is the Canadian Dollar. Assets and liabilities of foreign operations are translated using period end exchange rates. Revenue and expenses are translated using average exchange rates during each period reported. Translation losses (gains) are reported in accumulated other comprehensive loss (gain) as a component of shareholders equity and were ($0.1) million and $0.1 million as of June 30, 2021 2020, twelve June 30, 2021 2020, New Accounting Pronouncements: In June 2016, 2016 13 2016 13 326 326 may 2016 13 December 13, 2019, first 2021. 2016 13 not On July 1, 2019, 2016 02, not not not The Company’s most significant leases are those related to certain manufacturing facilities along with a small office space. Besides these real estate leases, most other leases are insignificant and consist of leases related to a vehicle, forklifts and various office equipment. The adoption of the new lease standard resulted in the recognition of right-of-use assets (ROU assets) of $10.4 million, lease liabilities of $10.8 million which includes the impact of existing deferred rents and tenant improvement allowances and a $0.4 million adjustment to retained earnings on the consolidated balance sheets as of July 1, 2019 no 11. In March 2020, No. 2020 04, 848 2020 04” March 12, 2020 December 31, 2022. 2020 04 not June 30, 2021. Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Reclassifications: Certain amounts reported in the prior year in Note 6 Subsequent Events: The Company has evaluated subsequent events for potential recognition and disclosure through the date the consolidated financial statements were filed. No

Note 2 - Acquisition of JSI Sto

Note 2 - Acquisition of JSI Store Fixtures	12 Months Ended
Note 2 - Acquisition of JSI Store Fixtures	Jun. 30, 2021
Notes to Financial Statements
Business Combination Disclosure [Text Block]	NOTE 2 ACQUISITION OF JSI STORE FIXTURES On May 21, 2021, The Company accounted for this transaction as a business combination. The Company has preliminarily allocated the purchase price of approximately $93.7 million which includes an estimate of customary post-closing purchase price adjustments to the assets acquired and liabilities assumed at estimated fair values, and the excess of the purchase price over the aggregate fair values is recorded as goodwill. This preliminary allocation is subject to the final determination of the purchase price which will be finalized in fiscal 2022, third May 21, 2021, (In thousands) Cash and cash equivalents $ 4,067 Accounts receivable 9,252 Inventories 9,898 Property, plant and equipment 7,076 Other assets 7,440 Intangible assets 45,760 Accounts payable (4,199 ) Accrued liabilities (8,434 ) Deferred tax liability (10,583 ) Identifiable assets 60,277 Goodwill 33,415 Net purchase consideration $ 93,692 The gross amount of accounts receivable is $9.3 million. Goodwill recorded from the acquisition of JSI is attributable to the impact of the positive cash flow from JSI in addition to expected synergies from the business combination. The goodwill resulting from the acquisition is deductible for tax purposes. The intangible assets include amounts recognized for the fair value of the trade name, technology assets, non-compete agreements and customer relationships. The fair value of the intangible assets was determined based upon the income (discounted cash flow) approach. The following table presents the details of the intangible assets acquired at the date of acquisition: Estimated Estimated Useful (In thousands) Fair Value Life (Years) Tradename $ 8,680 Indefinite life Technology asset 4,900 7 Non-compete 260 5 Customer relationship 31,920 20 $ 45,760 The fair market value write-up of the property, plant, and equipment totaled $1.8 million. Transaction costs related to the acquisition totaled $2.9 million in fiscal 2021 JSI’s post-acquisition results of operations for the period from May 21, 2021 June 30, 2021 May 21, 2021 June 30, 2021 Pro Forma Impact of the Acquisition of JSI (unaudited) The following table represents unaudited pro forma results of operations and gives effect to the acquisition of JSI as if the transaction had occurred on July 1, 2019. not may not . The unaudited pro forma financial information for the twelve June 30, 2021 June 30, 2020 1 2 3 Twelve Months Ended June 30 (In thousands, unaudited) 2021 2020 Net sales $ 391,000 $ 362,541 Gross profit $ 97,947 $ 86,399 Operating income $ 19,312 $ 13,878

Note 3 - Business Segment Infor

Note 3 - Business Segment Information	12 Months Ended
Note 3 - Business Segment Information	Jun. 30, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 3 BUSINESS SEGMENT INFORMATION The accounting guidance on Segment Reporting establishes standards for reporting information regarding operating segments in annual financial statements and requires selected information of those segments to be presented in financial statements. Operating segments are identified as components of an enterprise for which separate discrete financial information is available for evaluation by the chief operating decision maker (the Company’s Chief Executive Officer or “CODM”) in making decisions on how to allocate resources and assess performance. The Company’s two one The Lighting Segment includes non-residential outdoor and indoor lighting utilizing LED light sources that have been fabricated and assembled for the Company’s markets, primarily the petroleum/convenience markets, parking lot and garage markets, quick-service restaurant market, retail and grocery store markets, the automotive market, the warehouse market, and the sports complex market. The Company also offers a variety of lighting controls to complement its lighting fixtures which include sensors, photocontrols, dimmers, motion detection and Bluetooth systems. The Company also services lighting product customers through the commercial industrial, stock and flow, and renovation channels. The Lighting Segment also includes the design, engineering and manufacturing of electronic circuit boards, assemblies and sub-assemblies which are sold directly to customers. The Company acquired JSI in the fourth 2021, The Company’s corporate administration activities are reported in the Corporate and Eliminations line item. These activities primarily include intercompany profit in inventory eliminations, expense related to certain corporate officers and support staff, the Company’s internal audit staff, expense related to the Company’s Board of Directors, equity compensation expense for various equity awards granted to corporate administration employees, certain consulting expenses, investor relations activities, and a portion of the Company’s legal, auditing and professional fee expenses. Corporate identifiable assets primarily consist of cash, invested cash (if any), refundable income taxes (if any), and deferred income taxes. One June 30, 2021. 10% June 30, 2020. June 30, 2021 2020. June 30, 2021 June 30, 2020: (In thousands) 2021 2020 Net Sales: Lighting Segment $ 189,000 $ 206,199 Display Solutions Segment 126,612 99,359 $ 315,612 $ 305,558 Operating Income (Loss): Lighting Segment $ 13,328 $ 16,123 Display Solutions Segment 9,864 8,218 Corporate and Eliminations (15,162 ) (11,265 ) $ 8,030 $ 13,076 Capital Expenditures: Lighting Segment $ 1,596 $ 1,386 Display Solutions Segment 177 1,093 Corporate and Eliminations 460 260 $ 2,233 $ 2,739 Depreciation and Amortization: Lighting Segment $ 6,306 $ 6,714 Display Solutions Segment 1,525 1,436 Corporate and Eliminations 283 504 $ 8,114 $ 8,654 June 30, 2021 June 30, 2020 Identifiable Assets: Lighting Segment $ 132,169 $ 118,819 Display Solutions Segment 147,354 35,021 Corporate and Eliminations 7,298 18,423 $ 286,821 $ 172,263 The segment net sales reported above represent sales to external customers. Segment operating income (loss), which is used in management’s evaluation of segment performance, represents net sales less all operating expenses. Identifiable assets are those assets used by each segment in its operations. The Company records a 10% mark-up on most intersegment revenues. Any intersegment profit in inventory is eliminated in consolidation. Intersegment revenues were eliminated in consolidation as follows: (In thousands) 2021 2020 Lighting Segment inter-segment net sales $ 28,449 $ 3,718 Display Solutions Segment inter-segment net sales $ 219 $ 552

Note 4 - Earnings Per Common Sh

Note 4 - Earnings Per Common Share	12 Months Ended
Note 4 - Earnings Per Common Share	Jun. 30, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 4 EARNINGS PER COMMON SHARE The following table presents the amounts used to compute basic and diluted earnings per common share, as well as the effect of dilutive potential common shares on weighted average shares outstanding: (In thousands, except per share data) 2021 2020 BASIC EARNINGS PER SHARE Net income $ 5,868 $ 9,592 Weighted average shares outstanding during the period, net of treasury shares 26,411 26,105 Weighted average vested restricted stock units outstanding 17 7 Weighted average shares outstanding in the Deferred Compensation Plan during the period 264 162 Weighted average shares outstanding 26,692 26,274 Basic income per share $ 0.22 $ 0.37 DILUTED EARNINGS PER SHARE Net income $ 5,868 $ 9,592 Weighted average shares outstanding Basic 26,692 26,274 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 748 199 Weighted average shares outstanding 27,440 26,473 Diluted income per share $ 0.21 $ 0.36 Anti-dilutive securities (b) 976 1,957 (a) Calculative using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period. (b) Anti-dilutive securities were excluded in the computation of diluted earnings per share for the year ended June 30, 2021 June 30, 2020

Note 5 - Inventories, Net

Note 5 - Inventories, Net	12 Months Ended
Note 5 - Inventories, Net	Jun. 30, 2021
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 5 INVENTORIES, NET The following information is provided as of the dates indicated: (In thousands) June 30, 2021 June 30, 2020 Inventories: Raw materials $ 40,567 $ 27,331 Work-in-progress 4,757 1,566 Finished goods 13,617 9,855 Total Inventories $ 58,941 $ 38,752

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	12 Months Ended
Note 6 - Accrued Expenses	Jun. 30, 2021
Notes to Financial Statements
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	NOTE 6 ACCRUED EXPENSES The following information is provided as of the dates indicated: (In thousands) June 30, 2021 June 30, 2020 Accrued Expenses: Customer prepayments $ 11,352 $ 1,698 Compensation and benefits 10,051 5,271 Accrued warranty 5,295 6,956 Accrued sales commissions 2,568 1,289 Accrued FICA 1,190 730 Operating lease liabilities 1,424 376 Accrued income tax 434 - Finance lease liabilities 263 239 Other accrued expenses 5,341 3,874 Total Accrued Expenses $ 37,918 $ 20,433

Note 7 - Goodwill and Other Int

Note 7 - Goodwill and Other Intangible Assets	12 Months Ended
Note 7 - Goodwill and Other Intangible Assets	Jun. 30, 2021
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 7 GOODWILL AND OTHER INTANGIBLE ASSETS The carrying values of goodwill and other intangible assets with indefinite lives are reviewed at least annually for possible impairment. The Company may first not not no not not first may may The Company identified its reporting units in conjunction with its annual goodwill impairment testing. Prior to the acquisition of JSI, the Company had two one not Fiscal 2021: As of March 1, 2021, two The Company also performed its annual review of its indefinite-lived intangible asset as of March 1, 2021 no The Company has performed an assessment of its goodwill and intangible assets from the date of the interim test as of March 1, 2021 no The Company acquired JSI on May 21, 2021 ( 2 2 2022, Fiscal 2020: As of March 1, 2020, two The Company also performed its annual review of its indefinite-lived intangible asset as of March 1, 2020 A significant decline in the Company’s stock price during March 2020 19 March 1 March 31, 2020 . not . The following table presents information about the Company's goodwill on the dates or for the periods indicated: Display (In thousands) Lighting Solutions Segment Segment Total Balance as of June 30, 2020 Goodwill $ 86,711 $ 28,690 $ 115,401 Accumulated impairment losses (77,503 ) (27,525 ) (105,028 ) Goodwill, net as of June 30, 2020 $ 9,208 $ 1,165 $ 10,373 Balance as of June 30, 2021 Goodwill $ 70,971 $ 28,690 $ 99,661 Goodwill acquired - 33,415 33,415 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of June 30, 2021 $ 9,208 $ 34,580 $ 43,788 In fiscal 2021 , The gross carrying amount and accumulated amortization by major other intangible asset class is as follows: June 30, 2021 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 10,967 $ 51,116 Patents 268 237 31 LED technology firmware, software 20,966 13,415 7,551 Trade name 2,658 939 1,719 Non-compete 260 6 254 Total Amortized Intangible Assets 86,235 25,564 60,671 Indefinite-lived Intangible Assets Trademarks and trade names 12,102 - 12,102 Total indefinite-lived Intangible Assets 12,102 - 12,102 Total Other Intangible Assets $ 98,337 $ 25,564 $ 72,773 June 30, 2020 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 35,563 $ 14,129 $ 21,434 Patents 338 277 61 LED technology firmware, software 16,066 12,852 3,214 Trade name 2,658 829 1,829 Total Amortized Intangible Assets 54,625 28,087 26,538 Indefinite-lived Intangible Assets Trademarks and trade names 3,422 - 3,422 Total indefinite-lived Intangible Assets 3,422 - 3,422 Total Other Intangible Assets $ 58,047 $ 28,087 $ 29,960 In the fiscal 2021 , (In thousands) 2021 2020 Amortization expense of other intangible assets $ 2,948 $ 2,687 The Company expects to record annual amortization expense as follows: (In thousands) 2022 $ 4,808 2023 $ 4,760 2024 $ 4,760 2025 $ 4,760 2026 $ 4,754 After 2026 $ 36,829

Note 8 - Revolving Line of Cred

Note 8 - Revolving Line of Credit and Long-term Debt	12 Months Ended
Note 8 - Revolving Line of Credit and Long-term Debt	Jun. 30, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 8 REVOLVING LINE OF CREDIT AND LONG-TERM DEBT In March 2021 , third 2026 . not first 2022 not June 30, 2021 , The Company is in the process of amending its secured line of credit as a result of the acquisition of JSI. One of the changes to the line of credit will allow for the historical EBITDA results of JSI in the computation of the debt covenants. The Company expects to be in compliance with its debt covenants once the amendments are in place. For the period ending June 30, 2021,

Note 9 - Cash Dividends

Note 9 - Cash Dividends	12 Months Ended
Note 9 - Cash Dividends	Jun. 30, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 9 CASH DIVIDENDS The Company paid cash dividends of $5.3 million in both fiscal years 2021 2020. June 30, 2021 2020. August 2021, September 7, 2021 August 30, 2021.

Note 10 - Equity Compensation

Note 10 - Equity Compensation	12 Months Ended
Note 10 - Equity Compensation	Jun. 30, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	NOTE 10 EQUITY COMPENSATION In November 2019, 2019 “2019 2019 may 2019 2012 “2012 2019 2012 2019 June 30, 2021. 2019 Inducement awards are granted by the Company to attract and retain key executives. Inducement awards are separately registered securities and are not 2019 2021, 2020, Stock Warrants The Company has outstanding 200,000 fully exercisable stock warrants with an exercise price of $9.95 as of June 30, 2021. June 30, 2021, February 21, 2017 Dividend yield 2.01 % Expected volatility 39 % Risk-free interest rate 1.80 % Expected life (in years) 4.5 Fair value per share $ 2.87 Stock Options The fair value of each option on the date of grant was estimated using the Black-Scholes option pricing model. The following table summarizes the weighted-average assumptions used in the Black-Scholes option pricing model to value the stock options granted in the periods indicated: 2021 2020 Dividend yield 2.9 % 4.7 % Expected volatility 50 % 43 % Risk-free interest rate 0.3 % 1.4 % Expected life (in years) 6.0 6.0 Fair value per share $ 2.40 $ 1.22 Stock option expense is recorded on a straight-line basis, or sooner if the grantee is retirement eligible as defined in the 2019 five Service-based options have a three one ten three 2019 ten The Company recorded $0.8 million and $0.4 million of expense related to stock options in fiscal years 2021 2020, A summary of stock option activity as of June 30, 2021 July 1, 2020 June 30, 2021 Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding at June 30, 2020 2,282,938 $ 6.20 7.1 $ 2,731,949 Granted 318,406 $ 6.86 Exercised (139,367 ) $ 7.38 Forfeited (132,329 ) $ 8.84 Expired (2,500 ) $ 7.29 Outstanding at June 30, 2021 2,327,148 $ 6.07 6.7 $ 5,320,456 Exercisable at June 30, 2021 1,013,157 $ 7.58 5.0 $ 1,239,663 Vested and expected to vest at June 30, 2021 2,256,565 $ 6.08 6.6 $ 5,165,389 The aggregate intrinsic value of options exercised during the years ended June 30, 2021 June 30, 2020 2021 2020, As of June 30, 2021, For fiscal year 2021, For fiscal year 2020, Restricted Stock Units A total of 163,752 RSUs with a weighted average fair value of $7.08 per share were awarded to employees during fiscal 2021. 2021 three 2021 three first second third June 30, 2021 2020, The Company recorded $0.6 million and $0.1 million of expense related to RSUs during fiscal year 2021 2020, A summary of outstanding and unvested RSU activity as of June 30, 2021 July 1, 2020 June 30, 2021 Shares Weighted- Average Grant Date Fair Value Unvested at June 30, 2020 72,820 $ 4.03 Granted 163,752 $ 7.08 Vested (28,051 ) $ 4.34 Forfeited (7,800 ) $ 5.49 Unvested at June 30, 2021 200,721 $ 6.42 As of June 30, 2021, 2021 Performance Stock Units A total of 256,526 PSUs with a weighted average fair value of $7.50 per share were awarded to employees during fiscal 2021. three 2012 June 30, 2021 2020, The Company recorded $0.6 million and $0.1 million of expense related to PSUs during fiscal years 2021 2020, A summary of outstanding and unvested PSU activity as of June 30, 2021 July 1, 2020 June 30, 2021 Shares Weighted- Average Grant Date Fair Value Unvested at June 30, 2020 206,974 $ 3.98 Granted 256,526 $ 7.50 Vested - $ - Forfeited (6,613 ) $ 4.48 Unvested at June 30, 2021 456,887 $ 5.95 As of June 30, 2021, Director and Employee Stock Compensation Awards The Company awarded a total of 43,049 and 71,581 common shares as stock compensation awards in fiscal years 2021 2020, Deferred Compensation Plan The Company has a non-qualified deferred compensation plan providing for both Company matching contributions and participant funded deferrals of compensation. This plan is fully funded in a Rabbi Trust. All plan investments are in common shares of the Company. As of June 30, 2021, June 30, 2021 2020, The change in the number of shares held by this plan is the net result of newly issued shares as compensation deferred into the plan offset by distributions to terminated employees. The Company issued 193,510 and 85,560 new common shares for purposes of the non-qualified deferred compensation plan during fiscal 2021 2020,

Note 11 - Leases and Purchase C

Note 11 - Leases and Purchase Commitments	12 Months Ended
Note 11 - Leases and Purchase Commitments	Jun. 30, 2021
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE 11 LEASES AND PURCHASE COMMITMENTS Purchase commitments of the Company totaled $29.0 million and $14.3 million as of June 30, 2021 June 30, 2020, The Company leases certain manufacturing facilities along with a small office space, a company vehicle, several forklifts, several small tooling items and various items of office equipment. The Company also acquired buildings, machinery and forklift leases with the acquisition of JSI, as well as one two one seven not not The Company has periodically entered into short-term operating leases with an initial term of twelve not 2021. The Company has certain leases that contain lease and non-lease components and has elected to utilize the practical expedient to account for these components together as a single lease component. Lease expense is recognized on a straight-line basis over the lease term. The Company used its incremental borrowing rate when determining the present value of lease payments. The adoption of the new lease standard resulted in the recognition of right-of-use (ROU) assets of $10.4 million and lease liabilities of $10.8 million which includes the impact of existing deferred rents and tenant improvement allowances on the consolidated balance sheets as of July 1, 2019 no (In thousands) 2021 2020 Operating lease cost $ 2,428 $ 2,308 Financing lease cost: Amortization of right of use assets 291 48 Interest on lease liabilities 91 16 Variable lease cost 10 6 Sublease income (43 ) - Total lease cost $ 2,777 $ 2,378 Supplemental Cash Flow Information: (In thousands) 2021 2020 Cash flows from operating leases Fixed payments - operating cash flows $ 2,412 $ 2,296 Liability reduction - operating cash flows $ 1,983 $ 1,810 Cash flows from finance leases Interest - operating cash flows $ 91 $ 16 Repayments of principal portion - financing cash flows $ 239 $ 39 Operating Leases: June 30, 2021 June 30, 2020 Total operating right-of-use assets $ 11,579 $ 8,663 Accrued expenses (Current liabilities) $ 1,424 $ 376 Long-term operating lease liability 10,890 9,021 Total operating lease liabilities $ 12,314 $ 9,397 Weighted Average remaining Lease Term (in years) 3.93 4.59 Weighted Average Discount Rate 4.81 % 4.85 % Finance Leases: June 30, 2021 June 30, 2020 Buildings under finance leases $ 2,033 $ 2,033 Equipment under finance leases 30 - Accumulated depreciation (339 ) (48 ) Total finance lease assets, net $ 1,724 $ 1,985 Accrued expenses (Current liabilities) $ 263 $ 239 Long-term finance lease liability 1,521 1,755 Total finance lease liabilities $ 1,784 $ 1,994 Weighted Average remaining Lease Term (in years) 5.78 6.83 Weighted Average Discount Rate 4.86 % 4.86 % Maturities of Lease Liability: Operating Lease Finance Lease Operating Net Lease Liabilities Liabilities Subleases Commitments 2022 $ 3,558 $ 342 $ (377 ) $ 3,523 2023 3,558 342 (377 ) 3,523 2024 3,255 337 (377 ) 3,215 2025 2,104 362 (31 ) 2,435 2026 803 362 - 1,165 Thereafter 232 304 - 536 Total lease payments $ 13,510 $ 2,049 $ (1,162 ) $ 14,397 Less: Interest (1,196 ) (265 ) (1,461 ) Present Value of Lease Liabilities $ 12,314 $ 1,784 $ 12,936

Note 12 - Income Taxes

Note 12 - Income Taxes	12 Months Ended
Note 12 - Income Taxes	Jun. 30, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 12 INCOME TAXES The following information is provided for the years ended June 30: (In thousands) 2021 2020 Components of income before income taxes: United States $ 7,117 $ 11,494 Foreign 799 199 Income before income taxes $ 7,916 $ 11,693 Provision for income taxes U.S. Federal $ 2,425 $ (2,082 ) Foreign 247 83 State and local 434 175 Total current 3,106 (1,824 ) Deferred (1,058 ) 3,925 Total provision for income taxes $ 2,048 $ 2,101 (In thousands) 2021 2020 Reconciliation to federal statutory rate: Federal statutory rate 21.0 % 21.0 % State and local taxes, net of federal benefit 1.5 2.0 Foreign operations 1.0 0.4 Federal tax credits (1.5 ) (0.7 ) Valuation allowance (25.9 ) (13.4 ) New York state tax credits 25.9 - Expiration of capital loss carryforward - 8.9 Transaction costs 3.5 - Uncertain tax position activity (0.1 ) (0.5 ) Stock-based compensation 1.0 3.6 Tax rate changes (0.3 ) (5.4 ) Other (0.2 ) 2.1 Effective tax rate 25.9 % 18.0 % The favorable tax rate change for the year ended June 30, 2020 The components of deferred income tax assets and (liabilities) at June 30, 2021 2020 (In thousands) 2021 2020 Uncertain tax positions $ 138 $ 125 Reserves against current assets 936 798 Accrued expenses 3,348 2,196 Interest 927 - Deferred compensation 514 235 Stock-based compensation 841 597 State net operating loss carryover and credits 624 2,194 Lease liability 4,408 1,992 Goodwill, acquisition costs and intangible assets - 8,040 U.S. Federal net operating loss carryover and credits 1,587 217 Deferred income tax asset before valuation allowance 13,323 16,394 Valuation allowance (108 ) (2,194 ) Deferred income tax asset 13,215 14,200 Depreciation (2,677 ) (1,837 ) Right of use assets (4,299 ) (1,992 ) Goodwill, acquisition costs and intangible assets (3,683 ) - Deferred income tax liability (10,659 ) (3,829 ) Net deferred income tax asset $ 2,556 $ 10,371 The Company has U.S. federal net operating loss carry forward deferred tax assets of $1.5 million and $0.1 million at June 30, 2021 June 30, 2020, three June 30, 2029. June 30, 2021 June 30, 2020. 382, The Company has state net operating loss carryovers and tax credit deferred tax assets of $0.6 million and $2.2 million at June 30, 2021 June 30, 2020, June 30, 2021, June 30, 2021 not June 30, 2027. At June 30, 2020, not 2021, no The Company had a capital loss carry forward of $10.7 million at June 30, 2019 2015. 2020, 2020. 2020 At June 30, 2021, At June 30, 2020, The Company is recording estimated interest and penalties related to potential underpayment of income taxes as a component of tax expense in the Consolidated Statements of Operations. The Company recognized a $0.1 2021 2020, 2021 2020. not twelve The tax activity in the liability for uncertain tax positions was as follows: (In thousands) 2021 2020 Balance at the beginning of the fiscal year $ 607 $ 675 Decreases - tax positions in prior period (52 ) (70 ) Increase - tax positions in current period 49 15 Increases - tax positions in prior period 78 - Settlements and payments - (13 ) Balance at end of the fiscal year $ 682 $ 607 The Company files a consolidated federal income tax return in the United States, and files various combined and separate tax returns in several state and local jurisdictions, and also in Canada and Mexico. With limited exceptions, the Company is no June 30, 2018.

Note 13 - Supplemental Cash Flo

Note 13 - Supplemental Cash Flow Information	12 Months Ended
Note 13 - Supplemental Cash Flow Information	Jun. 30, 2021
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 13 SUPPLEMENTAL CASH FLOW INFORMATION (In thousands) 2021 2020 Cash Payments: Interest $ 127 $ 990 Income taxes $ 356 $ 6 Non-cash investing and financing activities Issuance of common shares as compensation $ 315 $ 300 Issuance of common shares to fund deferred compensation plan $ 1,534 $ 473

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	12 Months Ended
Note 14 - Commitments and Contingencies	Jun. 30, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 14 COMMITMENTS AND CONTINGENCIES The Company is party to various negotiations, customer bankruptcies, and legal proceedings arising in the normal course of business. The Company provides reserves for these matters when a loss is probable and reasonably estimable. The Company does not not The Company may third June 30, 2021, August 2020, 8 10

Note 15 - Severance Costs

Note 15 - Severance Costs	12 Months Ended
Note 15 - Severance Costs	Jun. 30, 2021
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	NOTE 15 SEVERANCE COSTS The Company recorded severance charges of less than $0.1 million and $0.3 million in fiscal 2021 2020, not 16. The activity in the Company’s accrued severance liability was as follows for the twelve June 30, 2021 2020: June 30, June 30, (In thousands) 2021 2020 Balance at beginning of period $ 639 $ 1,134 Accrual of expense 41 344 Payments (667 ) (839 ) Balance at end of period $ 13 $ 639 The severance reserve reported as of June 30, 2021 twelve

Note 16 - Restructuring Costs

Note 16 - Restructuring Costs	12 Months Ended
Note 16 - Restructuring Costs	Jun. 30, 2021
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	NOTE 16 RESTRUCTURING COSTS In fiscal 2019, first 2020. third 2020, fourth 2020. not 2020 The following table presents information about restructuring (gains) costs recorded in fiscal years 2021 2020: (In thousands) 2021 2020 Exit costs $ (14 ) $ 636 Impairment of fixed assets and accelerated depreciation - 59 Gain on sale of facility - (8,562 ) Manufacturing realignment costs - 276 Total $ (14 ) $ (7,591 ) The following table presents restructuring (gains) costs incurred by line item in the consolidated statement of operations in which the costs are included: (In thousands) 2021 2020 Cost of goods sold $ (14 ) $ 980 Operating expenses - (8,571 ) Total $ (14 ) $ (7,591 ) The following table presents information about restructuring (gains) costs by segment for the periods indicated: (In thousands) 2021 2020 Lighting Segment $ - $ (4,674 ) Display Solutions Segment (14 ) (2,940 ) Corporate and Eliminations - 23 Total $ (14 ) $ (7,591 ) The following table presents a roll forward of the beginning and ending liability balances related to the restructuring costs: Balance as of Balance as of June 30, Restructuring June 30, (In thousands) 2020 Expense Payments Adjustments 2021 Severance and termination benefits $ 27 $ - $ - $ - $ 27 Other restructuring costs - (14 ) 14 - - Total $ 27 $ (14 ) $ 14 $ - $ 27 Refer to Note 15 not

Note 17 - Related Party Transac

Note 17 - Related Party Transactions	12 Months Ended
Note 17 - Related Party Transactions	Jun. 30, 2021
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 17 RELATED PARTY TRANSACTIONS One of the Company’s former independent outside directors is a director of Wesco International (Wesco). Wesco purchases lighting fixtures from the Company. Wesco will no 2021. The Company has recognized revenue related to the following related party transactions in the fiscal years indicated: (In thousands) 2021 2020 Wesco International $ 2,013 $ 1,575 As of the balance sheet date indicated, the Company had the following accounts receivable recorded with respect to related party transactions: (In thousands) 2021 2020 Wesco International $ 264 $ 108

Note 18 - Summary of Quarterly

Note 18 - Summary of Quarterly Results (Unaudited)	12 Months Ended
Note 18 - Summary of Quarterly Results (Unaudited)	Jun. 30, 2021
Notes to Financial Statements
Quarterly Financial Information [Text Block]	NOTE 18 SUMMARY OF QUARTERLY RESULTS (UNAUDITED) Quarter Ended (In thousands except per share data) Sep. 30 Dec. 31 Mar. 31 Jun. 30 Fiscal Year 2021 Net Sales $ 70,006 $ 76,387 $ 72,204 $ 97,015 $ 315,612 Gross profit 18,272 19,706 18,092 22,904 78,974 Net Income 1,990 2,208 1,472 198 5,868 Earnings per share Basic $ 0.08 $ 0.08 $ 0.05 $ 0.01 $ 0.22 (a) Diluted $ 0.07 $ 0.08 $ 0.05 $ 0.01 $ 0.21 (a) Range of share prices High $ 7.34 $ 9.01 $ 10.78 $ 9.54 $ 10.78 Low $ 5.52 $ 6.75 $ 8.09 $ 7.55 $ 5.52 2020 Net Sales $ 88,701 $ 82,377 $ 71,010 $ 63,470 $ 305,558 Gross profit 21,855 19,964 15,942 15,769 73,530 Net Income 4,475 1,743 1,861 1,513 9,592 Earnings per share Basic $ 0.17 $ 0.07 $ 0.07 $ 0.06 $ 0.37 (a) Diluted $ 0.17 $ 0.07 $ 0.07 $ 0.06 $ 0.36 (a) Range of share prices High $ 5.22 $ 6.30 $ 7.28 $ 6.81 $ 7.28 Low $ 3.63 $ 4.90 $ 2.59 $ 3.51 $ 2.59 (a) The total of the earnings per share for each of the four not no

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
Schedule II - Valuation and Qualifying Accounts	Jun. 30, 2021
Notes to Financial Statements
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	LSI INDUSTRIES INC. AND SUBSIDIARIES SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS FOR THE YEARS ENDED JUNE 30, 2021 2020 (In thousands) COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F Description Balance Beginning of Period Additions Charged to Costs and Expenses Additions from Company Acquired Deductions (a) Balance End of Period Allowance for Doubtful Accounts: Year Ended June 30, 2021 $ 273 $ 19 $ 24 $ (60 ) $ 256 Year Ended June 30, 2020 $ 879 $ 19 $ - $ (625 ) $ 273 Inventory Obsolescence Reserve: Year Ended June 30, 2021 $ 3,821 $ 1,754 $ 380 $ (905 ) $ 5,050 Year Ended June 30, 2020 $ 4,605 $ 2,454 $ 10 $ (3,248 ) $ 3,821 Deferred Tax Asset Valuation Reserve: Year Ended June 30, 2021 $ 2,194 $ - $ - $ (2,086 ) $ 108 Year Ended June 30, 2020 $ 3,820 $ - $ - $ (1,626 ) $ 2,194 (a) For Allowance for Doubtful Accounts, deductions are uncollectible accounts charged off, less recoveries.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Jun. 30, 2021
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Consolidation: The consolidated financial statements include the accounts of LSI Industries Inc. (an Ohio corporation) and its subsidiaries (collectively, the “Company”), all of which are wholly owned. All intercompany transactions and balances have been eliminated in consolidation.
COVID-19 Pandemic, Policy [Policy Text Block]	COVID- 19 The COVID- 19 not 19 may 19 1A, 10 19.
Revenue [Policy Text Block]	Revenue Recognition: The Company recognizes revenue when it satisfies the performance obligations in its customer contracts or purchase orders. Most of the Company’s products have a single performance obligation which is satisfied at a point in time when control is transferred to the customer. Control is generally transferred at time of shipment when title and risk of ownership passes to the customer. For customer contracts with multiple performance obligations, the Company allocates the transaction price and any discounts to each performance obligation based on relative standalone selling prices. Payment terms are typically within 30 90 not Installation is a separate performance obligation, except for our digital signage products. For digital signage products, installation is not not no A number of the Company's graphics elements and select lighting products are highly customized for specific customers. As a result, these customized products do not not no ● Customer specific branded print graphics ● Electrical components based on customer specifications ● Digital signage and related media content The Company also offers installation services for its display solutions elements and select lighting products. Installation revenue is recognized over time as our customer simultaneously receives and consumes the benefits provided through the installation process. For these customized products and installation services, revenue is recognized using a cost-based input method: recognizing revenue and gross profit as work is performed based on the relationship between the actual cost incurred and the total estimated cost for the contract. Disaggregation of Revenue The Company disaggregates the revenue from contracts with customers by the timing of revenue recognition because the Company believes it best depicts the nature, amount, and timing of our revenue and cash flows. The table presents a reconciliation of the disaggregation by reportable segments. Twelve Months Ended (In thousands) June 30, 2021 Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 165,062 $ 66,123 Products and services transferred over time 23,938 60,489 $ 189,000 $ 126,612 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 164,778 $ 35,976 Poles and other display solutions elements 22,492 61,919 Project management, installation services, shipping and handling 1,730 28,717 $ 189,000 $ 126,612 Practical Expedients and Exemptions ● The Company’s contracts with customers have an expected duration of one ● Shipping costs that are not ● The Company’s accounts receivable balance represents the Company’s unconditional right to receive payment from its customers with contracts. Payments are generally due within 30 90 not ● The Company collects sales tax and other taxes concurrent with revenue-producing activities which are excluded from revenue. Shipping and handling costs are treated as fulfillment activities and included in cost of products and services sold on the Consolidated Statements of Operations.
Accounts Receivable [Policy Text Block]	Credit and Collections: The Company maintains allowances for doubtful accounts receivable for probable estimated losses resulting from either customer disputes or the inability of its customers to make required payments. If the financial condition of the Company’s customers were to deteriorate, resulting in their inability to make the required payments, the Company may first (In thousands) June 30, 2021 June 30, 2020 Accounts receivable $ 57,941 $ 38,109 Less: Allowance for doubtful accounts (256 ) (273 ) Accounts receivable, net $ 57,685 $ 37,836
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents: The cash balance includes cash and cash equivalents which have original maturities of less than three $250,000. June 30, 2021 June 30, 2020,
Inventory, Policy [Policy Text Block]	Inventories, Net and Inventory Reserves: Inventories are stated at the lower of cost or net realizable value. Cost of inventories includes the cost of purchased raw materials and purchased components, direct labor, as well as manufacturing overhead which is generally applied to inventory based on direct labor and on material content, is determined on the first first The Company maintains an inventory reserve for obsolete and excess inventory. The Company first
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment and Related Depreciation: Property, plant and equipment are stated at cost. Major additions and betterments are capitalized while maintenance and repairs are expensed. For financial reporting purposes, depreciation is computed on the straight-line method over the estimated useful lives of the assets as follows: Buildings (in years) 28 - 40 Machinery and equipment (in years) 3 - 10 Computer software (in years) 3 - 8 Costs related to the purchase, internal development, and implementation of the Company’s fully integrated enterprise resource planning/business operating software system are either capitalized or expensed. Leasehold improvements are depreciated over the shorter of fifteen The Company recorded $5.2 million and $6.0 million of depreciation expense in the years ended June 30, 2021 2020
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Intangible Assets: Intangible assets consisting of customer relationships, trade names and trademarks, patents, technology and software are recorded on the Company's balance sheet. The definite-lived intangible assets are being amortized to expense over periods ranging between five twenty 7.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value: The Company has financial instruments consisting primarily of cash and cash equivalents, revolving lines of credit, accounts receivable, accounts payable, and long-term debt. The fair value of these financial instruments approximates carrying value because of their short-term maturity and/or variable, market-driven interest rates. The Company has no financial instruments with off-balance sheet risk. Fair value measurements of nonfinancial assets and nonfinancial liabilities are primarily used in goodwill and other intangible asset impairment analyses, long-lived asset impairment analyses and valuation of acquired assets and assumed liabilities. The accounting guidance on fair value measurement was used to measure the fair value of these nonfinancial assets and nonfinancial liabilities.
Standard Product Warranty, Policy [Policy Text Block]	Product Warranties: The Company offers a limited warranty that its products are free from defects in workmanship and materials. The specific terms and conditions vary somewhat by product line, but generally cover defective products returned within one five Changes in the Company’s warranty liabilities, which are included in accrued expenses in the accompanying consolidated balance sheets, during the periods indicated below were as follows: (In thousands) June 30, 2021 June 30, 2020 Balance at beginning of the period $ 6,956 $ 7,687 Additions from company acquired 248 - Additions charged to expense 859 2,482 Deductions for repairs and replacements (2,768 ) (3,213 ) Balance at end of the period $ 5,295 $ 6,956
Pension and Other Postretirement Plans, Policy [Policy Text Block]	Employee Benefit Plans: The Company has a 401 401 401 June 30, 2021 2020,
Research, Development, and Computer Software, Policy [Policy Text Block]	Research and Development Costs: Research and development costs are directly attributable to new product development, including the development of new technology for both existing and new products, and consist of salaries, payroll taxes, employee benefits, materials, outside legal costs and filing fees related to obtaining patents, supplies, depreciation and other administrative costs. The Company expenses as research and development all costs associated with development of software used in solid-state LED products. All costs are expensed as incurred and are included in selling and administrative expenses. Research and development costs related to both product and software development totaled $3.7 million and $3.6 million for the fiscal years ended June 30, 2021 2020,
Cost of Goods and Service [Policy Text Block]	Cost of Products and Services Sold: Cost of products sold is primarily comprised of direct materials and supplies consumed in the manufacture of products, as well as manufacturing labor, depreciation expense and direct overhead expense necessary to acquire and convert the purchased materials and supplies into finished product. Cost of products sold also includes the cost to distribute products to customers, inbound freight costs, internal transfer costs, warehousing costs and other shipping and handling activity. Cost of services sold is primarily comprised of the internal and external labor costs required to support the Company’s installation and service revenue along with the management of media content.
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Common Share: The computation of basic earnings per common share is based on the weighted average common shares outstanding for the period net of treasury shares held in the Company’s nonqualified deferred compensation plan. The computation of diluted earnings per share is based on the weighted average common shares outstanding for the period and includes common share equivalents. Common share equivalents include the dilutive effect of stock options, restricted stock units, stock warrants, contingently issuable shares and common shares to be issued under a deferred compensation plan, all of which totaled 1,029,000 shares and 368,000 shares in fiscal 2021 2020, 4.
Income Tax, Policy [Policy Text Block]	Income Taxes: The Company accounts for income taxes in accordance with the accounting guidance for income taxes. Accordingly, deferred income taxes are provided on items that are reported as either income or expense in different time periods for financial reporting purposes than they are for income tax purposes. Deferred income tax assets are reported on the Company’s balance sheet. Significant management judgment is required in developing the Company’s income tax provision, including the estimation of taxable income and the effective income tax rates in the multiple taxing jurisdictions in which the Company operates, the estimation of the liability for uncertain income tax positions, the determination of deferred tax assets and liabilities, and any valuation allowances that might be required against deferred tax assets.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Exchange: The functional currency of the Company’s Mexican subsidiary is the Mexican Peso and the functional currency of the Company’s Canadian subsidiary is the Canadian Dollar. Assets and liabilities of foreign operations are translated using period end exchange rates. Revenue and expenses are translated using average exchange rates during each period reported. Translation losses (gains) are reported in accumulated other comprehensive loss (gain) as a component of shareholders equity and were ($0.1) million and $0.1 million as of June 30, 2021 2020, twelve June 30, 2021 2020,
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements: In June 2016, 2016 13 2016 13 326 326 may 2016 13 December 13, 2019, first 2021. 2016 13 not On July 1, 2019, 2016 02, not not not The Company’s most significant leases are those related to certain manufacturing facilities along with a small office space. Besides these real estate leases, most other leases are insignificant and consist of leases related to a vehicle, forklifts and various office equipment. The adoption of the new lease standard resulted in the recognition of right-of-use assets (ROU assets) of $10.4 million, lease liabilities of $10.8 million which includes the impact of existing deferred rents and tenant improvement allowances and a $0.4 million adjustment to retained earnings on the consolidated balance sheets as of July 1, 2019 no 11. In March 2020, No. 2020 04, 848 2020 04” March 12, 2020 December 31, 2022. 2020 04 not June 30, 2021.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications: Certain amounts reported in the prior year in Note 6
Subsequent Events, Policy [Policy Text Block]	Subsequent Events: The Company has evaluated subsequent events for potential recognition and disclosure through the date the consolidated financial statements were filed. No

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2021
Notes Tables
Disaggregation of Revenue [Table Text Block]	Twelve Months Ended (In thousands) June 30, 2021 Lighting Segment Display Solutions Segment Timing of revenue recognition Products and services transferred at a point in time $ 165,062 $ 66,123 Products and services transferred over time 23,938 60,489 $ 189,000 $ 126,612 Type of Product and Services LED lighting, digital signage solutions, electronic circuit boards $ 164,778 $ 35,976 Poles and other display solutions elements 22,492 61,919 Project management, installation services, shipping and handling 1,730 28,717 $ 189,000 $ 126,612
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(In thousands) June 30, 2021 June 30, 2020 Accounts receivable $ 57,941 $ 38,109 Less: Allowance for doubtful accounts (256 ) (273 ) Accounts receivable, net $ 57,685 $ 37,836
Property, Plant and Equipment [Table Text Block]	Buildings (in years) 28 - 40 Machinery and equipment (in years) 3 - 10 Computer software (in years) 3 - 8
Schedule of Product Warranty Liability [Table Text Block]	(In thousands) June 30, 2021 June 30, 2020 Balance at beginning of the period $ 6,956 $ 7,687 Additions from company acquired 248 - Additions charged to expense 859 2,482 Deductions for repairs and replacements (2,768 ) (3,213 ) Balance at end of the period $ 5,295 $ 6,956

Note 2 - Acquisition of JSI S_2

Note 2 - Acquisition of JSI Store Fixtures (Tables)	12 Months Ended
Note 2 - Acquisition of JSI Store Fixtures (Tables)	Jun. 30, 2021
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	(In thousands) Cash and cash equivalents $ 4,067 Accounts receivable 9,252 Inventories 9,898 Property, plant and equipment 7,076 Other assets 7,440 Intangible assets 45,760 Accounts payable (4,199 ) Accrued liabilities (8,434 ) Deferred tax liability (10,583 ) Identifiable assets 60,277 Goodwill 33,415 Net purchase consideration $ 93,692
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	Estimated Estimated Useful (In thousands) Fair Value Life (Years) Tradename $ 8,680 Indefinite life Technology asset 4,900 7 Non-compete 260 5 Customer relationship 31,920 20 $ 45,760
Business Acquisition, Pro Forma Information [Table Text Block]	Twelve Months Ended June 30 (In thousands, unaudited) 2021 2020 Net sales $ 391,000 $ 362,541 Gross profit $ 97,947 $ 86,399 Operating income $ 19,312 $ 13,878

Note 3 - Business Segment Inf_2

Note 3 - Business Segment Information (Tables)	12 Months Ended
Note 3 - Business Segment Information (Tables)	Jun. 30, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	(In thousands) 2021 2020 Net Sales: Lighting Segment $ 189,000 $ 206,199 Display Solutions Segment 126,612 99,359 $ 315,612 $ 305,558 Operating Income (Loss): Lighting Segment $ 13,328 $ 16,123 Display Solutions Segment 9,864 8,218 Corporate and Eliminations (15,162 ) (11,265 ) $ 8,030 $ 13,076 Capital Expenditures: Lighting Segment $ 1,596 $ 1,386 Display Solutions Segment 177 1,093 Corporate and Eliminations 460 260 $ 2,233 $ 2,739 Depreciation and Amortization: Lighting Segment $ 6,306 $ 6,714 Display Solutions Segment 1,525 1,436 Corporate and Eliminations 283 504 $ 8,114 $ 8,654
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	June 30, 2021 June 30, 2020 Identifiable Assets: Lighting Segment $ 132,169 $ 118,819 Display Solutions Segment 147,354 35,021 Corporate and Eliminations 7,298 18,423 $ 286,821 $ 172,263
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	2021 2020 Lighting Segment inter-segment net sales $ 28,449 $ 3,718 Display Solutions Segment inter-segment net sales $ 219 $ 552

Note 4 - Earnings Per Common _2

Note 4 - Earnings Per Common Share (Tables)	12 Months Ended
Note 4 - Earnings Per Common Share (Tables)	Jun. 30, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	(In thousands, except per share data) 2021 2020 BASIC EARNINGS PER SHARE Net income $ 5,868 $ 9,592 Weighted average shares outstanding during the period, net of treasury shares 26,411 26,105 Weighted average vested restricted stock units outstanding 17 7 Weighted average shares outstanding in the Deferred Compensation Plan during the period 264 162 Weighted average shares outstanding 26,692 26,274 Basic income per share $ 0.22 $ 0.37 DILUTED EARNINGS PER SHARE Net income $ 5,868 $ 9,592 Weighted average shares outstanding Basic 26,692 26,274 Effect of dilutive securities (a): Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any 748 199 Weighted average shares outstanding 27,440 26,473 Diluted income per share $ 0.21 $ 0.36 Anti-dilutive securities (b) 976 1,957

Note 5 - Inventories, Net (Tabl

Note 5 - Inventories, Net (Tables)	12 Months Ended
Note 5 - Inventories, Net (Tables)	Jun. 30, 2021
Notes Tables
Schedule of Inventory, Current [Table Text Block]	(In thousands) June 30, 2021 June 30, 2020 Inventories: Raw materials $ 40,567 $ 27,331 Work-in-progress 4,757 1,566 Finished goods 13,617 9,855 Total Inventories $ 58,941 $ 38,752

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	12 Months Ended
Note 6 - Accrued Expenses (Tables)	Jun. 30, 2021
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	(In thousands) June 30, 2021 June 30, 2020 Accrued Expenses: Customer prepayments $ 11,352 $ 1,698 Compensation and benefits 10,051 5,271 Accrued warranty 5,295 6,956 Accrued sales commissions 2,568 1,289 Accrued FICA 1,190 730 Operating lease liabilities 1,424 376 Accrued income tax 434 - Finance lease liabilities 263 239 Other accrued expenses 5,341 3,874 Total Accrued Expenses $ 37,918 $ 20,433

Note 7 - Goodwill and Other I_2

Note 7 - Goodwill and Other Intangible Assets (Tables)	12 Months Ended
Note 7 - Goodwill and Other Intangible Assets (Tables)	Jun. 30, 2021
Notes Tables
Schedule of Goodwill [Table Text Block]	Display (In thousands) Lighting Solutions Segment Segment Total Balance as of June 30, 2020 Goodwill $ 86,711 $ 28,690 $ 115,401 Accumulated impairment losses (77,503 ) (27,525 ) (105,028 ) Goodwill, net as of June 30, 2020 $ 9,208 $ 1,165 $ 10,373 Balance as of June 30, 2021 Goodwill $ 70,971 $ 28,690 $ 99,661 Goodwill acquired - 33,415 33,415 Accumulated impairment losses (61,763 ) (27,525 ) (89,288 ) Goodwill, net as of June 30, 2021 $ 9,208 $ 34,580 $ 43,788
Schedule of Intangible Assets and Goodwill [Table Text Block]	June 30, 2021 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 62,083 $ 10,967 $ 51,116 Patents 268 237 31 LED technology firmware, software 20,966 13,415 7,551 Trade name 2,658 939 1,719 Non-compete 260 6 254 Total Amortized Intangible Assets 86,235 25,564 60,671 Indefinite-lived Intangible Assets Trademarks and trade names 12,102 - 12,102 Total indefinite-lived Intangible Assets 12,102 - 12,102 Total Other Intangible Assets $ 98,337 $ 25,564 $ 72,773 June 30, 2020 (In thousands) Gross Carrying Accumulated Net Amount Amortization Amount Amortized Intangible Assets Customer relationships $ 35,563 $ 14,129 $ 21,434 Patents 338 277 61 LED technology firmware, software 16,066 12,852 3,214 Trade name 2,658 829 1,829 Total Amortized Intangible Assets 54,625 28,087 26,538 Indefinite-lived Intangible Assets Trademarks and trade names 3,422 - 3,422 Total indefinite-lived Intangible Assets 3,422 - 3,422 Total Other Intangible Assets $ 58,047 $ 28,087 $ 29,960
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	(In thousands) 2021 2020 Amortization expense of other intangible assets $ 2,948 $ 2,687
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(In thousands) 2022 $ 4,808 2023 $ 4,760 2024 $ 4,760 2025 $ 4,760 2026 $ 4,754 After 2026 $ 36,829

Note 10 - Equity Compensation (

Note 10 - Equity Compensation (Tables)	12 Months Ended
Note 10 - Equity Compensation (Tables)	Jun. 30, 2021
Notes Tables
Stock Warrants, Valuation Assumptions [Table Text Block]	February 21, 2017 Dividend yield 2.01 % Expected volatility 39 % Risk-free interest rate 1.80 % Expected life (in years) 4.5 Fair value per share $ 2.87
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	2021 2020 Dividend yield 2.9 % 4.7 % Expected volatility 50 % 43 % Risk-free interest rate 0.3 % 1.4 % Expected life (in years) 6.0 6.0 Fair value per share $ 2.40 $ 1.22
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding at June 30, 2020 2,282,938 $ 6.20 7.1 $ 2,731,949 Granted 318,406 $ 6.86 Exercised (139,367 ) $ 7.38 Forfeited (132,329 ) $ 8.84 Expired (2,500 ) $ 7.29 Outstanding at June 30, 2021 2,327,148 $ 6.07 6.7 $ 5,320,456 Exercisable at June 30, 2021 1,013,157 $ 7.58 5.0 $ 1,239,663 Vested and expected to vest at June 30, 2021 2,256,565 $ 6.08 6.6 $ 5,165,389
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	Shares Weighted- Average Grant Date Fair Value Unvested at June 30, 2020 72,820 $ 4.03 Granted 163,752 $ 7.08 Vested (28,051 ) $ 4.34 Forfeited (7,800 ) $ 5.49 Unvested at June 30, 2021 200,721 $ 6.42
Share-based Payment Arrangement, Performance Stock Units, Activity [Table Text Block]	Shares Weighted- Average Grant Date Fair Value Unvested at June 30, 2020 206,974 $ 3.98 Granted 256,526 $ 7.50 Vested - $ - Forfeited (6,613 ) $ 4.48 Unvested at June 30, 2021 456,887 $ 5.95

Note 11 - Leases and Purchase_2

Note 11 - Leases and Purchase Commitments (Tables)	12 Months Ended
Note 11 - Leases and Purchase Commitments (Tables)	Jun. 30, 2021
Notes Tables
Lease, Cost [Table Text Block]	(In thousands) 2021 2020 Operating lease cost $ 2,428 $ 2,308 Financing lease cost: Amortization of right of use assets 291 48 Interest on lease liabilities 91 16 Variable lease cost 10 6 Sublease income (43 ) - Total lease cost $ 2,777 $ 2,378 Supplemental Cash Flow Information: (In thousands) 2021 2020 Cash flows from operating leases Fixed payments - operating cash flows $ 2,412 $ 2,296 Liability reduction - operating cash flows $ 1,983 $ 1,810 Cash flows from finance leases Interest - operating cash flows $ 91 $ 16 Repayments of principal portion - financing cash flows $ 239 $ 39 Operating Leases: June 30, 2021 June 30, 2020 Total operating right-of-use assets $ 11,579 $ 8,663 Accrued expenses (Current liabilities) $ 1,424 $ 376 Long-term operating lease liability 10,890 9,021 Total operating lease liabilities $ 12,314 $ 9,397 Weighted Average remaining Lease Term (in years) 3.93 4.59 Weighted Average Discount Rate 4.81 % 4.85 % Finance Leases: June 30, 2021 June 30, 2020 Buildings under finance leases $ 2,033 $ 2,033 Equipment under finance leases 30 - Accumulated depreciation (339 ) (48 ) Total finance lease assets, net $ 1,724 $ 1,985 Accrued expenses (Current liabilities) $ 263 $ 239 Long-term finance lease liability 1,521 1,755 Total finance lease liabilities $ 1,784 $ 1,994 Weighted Average remaining Lease Term (in years) 5.78 6.83 Weighted Average Discount Rate 4.86 % 4.86 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Maturities of Lease Liability: Operating Lease Finance Lease Operating Net Lease Liabilities Liabilities Subleases Commitments 2022 $ 3,558 $ 342 $ (377 ) $ 3,523 2023 3,558 342 (377 ) 3,523 2024 3,255 337 (377 ) 3,215 2025 2,104 362 (31 ) 2,435 2026 803 362 - 1,165 Thereafter 232 304 - 536 Total lease payments $ 13,510 $ 2,049 $ (1,162 ) $ 14,397 Less: Interest (1,196 ) (265 ) (1,461 ) Present Value of Lease Liabilities $ 12,314 $ 1,784 $ 12,936

Note 12 - Income Taxes (Tables)

Note 12 - Income Taxes (Tables)	12 Months Ended
Note 12 - Income Taxes (Tables)	Jun. 30, 2021
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	(In thousands) 2021 2020 Components of income before income taxes: United States $ 7,117 $ 11,494 Foreign 799 199 Income before income taxes $ 7,916 $ 11,693 Provision for income taxes U.S. Federal $ 2,425 $ (2,082 ) Foreign 247 83 State and local 434 175 Total current 3,106 (1,824 ) Deferred (1,058 ) 3,925 Total provision for income taxes $ 2,048 $ 2,101
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	(In thousands) 2021 2020 Reconciliation to federal statutory rate: Federal statutory rate 21.0 % 21.0 % State and local taxes, net of federal benefit 1.5 2.0 Foreign operations 1.0 0.4 Federal tax credits (1.5 ) (0.7 ) Valuation allowance (25.9 ) (13.4 ) New York state tax credits 25.9 - Expiration of capital loss carryforward - 8.9 Transaction costs 3.5 - Uncertain tax position activity (0.1 ) (0.5 ) Stock-based compensation 1.0 3.6 Tax rate changes (0.3 ) (5.4 ) Other (0.2 ) 2.1 Effective tax rate 25.9 % 18.0 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	(In thousands) 2021 2020 Uncertain tax positions $ 138 $ 125 Reserves against current assets 936 798 Accrued expenses 3,348 2,196 Interest 927 - Deferred compensation 514 235 Stock-based compensation 841 597 State net operating loss carryover and credits 624 2,194 Lease liability 4,408 1,992 Goodwill, acquisition costs and intangible assets - 8,040 U.S. Federal net operating loss carryover and credits 1,587 217 Deferred income tax asset before valuation allowance 13,323 16,394 Valuation allowance (108 ) (2,194 ) Deferred income tax asset 13,215 14,200 Depreciation (2,677 ) (1,837 ) Right of use assets (4,299 ) (1,992 ) Goodwill, acquisition costs and intangible assets (3,683 ) - Deferred income tax liability (10,659 ) (3,829 ) Net deferred income tax asset $ 2,556 $ 10,371
Summary of Income Tax Contingencies [Table Text Block]	(In thousands) 2021 2020 Balance at the beginning of the fiscal year $ 607 $ 675 Decreases - tax positions in prior period (52 ) (70 ) Increase - tax positions in current period 49 15 Increases - tax positions in prior period 78 - Settlements and payments - (13 ) Balance at end of the fiscal year $ 682 $ 607

Note 13 - Supplemental Cash F_2

Note 13 - Supplemental Cash Flow Information (Tables)	12 Months Ended
Note 13 - Supplemental Cash Flow Information (Tables)	Jun. 30, 2021
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	(In thousands) 2021 2020 Cash Payments: Interest $ 127 $ 990 Income taxes $ 356 $ 6 Non-cash investing and financing activities Issuance of common shares as compensation $ 315 $ 300 Issuance of common shares to fund deferred compensation plan $ 1,534 $ 473

Note 15 - Severance Costs (Tabl

Note 15 - Severance Costs (Tables)	12 Months Ended
Note 15 - Severance Costs (Tables)	Jun. 30, 2021
Employee Severance [Member]
Notes Tables
Schedule of Accrued Severance Liability [Table Text Block]	June 30, June 30, (In thousands) 2021 2020 Balance at beginning of period $ 639 $ 1,134 Accrual of expense 41 344 Payments (667 ) (839 ) Balance at end of period $ 13 $ 639

Note 16 - Restructuring Costs (

Note 16 - Restructuring Costs (Tables)	12 Months Ended
Note 16 - Restructuring Costs (Tables)	Jun. 30, 2021
Notes Tables
Restructuring and Related Costs [Table Text Block]	(In thousands) 2021 2020 Exit costs $ (14 ) $ 636 Impairment of fixed assets and accelerated depreciation - 59 Gain on sale of facility - (8,562 ) Manufacturing realignment costs - 276 Total $ (14 ) $ (7,591 )
Restructuring and Related Costs, Summary of Costs Incurred by Line Item in the Statement of Operations [Table Text Block]	(In thousands) 2021 2020 Cost of goods sold $ (14 ) $ 980 Operating expenses - (8,571 ) Total $ (14 ) $ (7,591 )
Restructuring Costs and Related Costs Incurred by Segment [Table Text Block]	(In thousands) 2021 2020 Lighting Segment $ - $ (4,674 ) Display Solutions Segment (14 ) (2,940 ) Corporate and Eliminations - 23 Total $ (14 ) $ (7,591 )
Schedule of Liability Balances Related to Restructuring Costs [Table Text Block]	Balance as of Balance as of June 30, Restructuring June 30, (In thousands) 2020 Expense Payments Adjustments 2021 Severance and termination benefits $ 27 $ - $ - $ - $ 27 Other restructuring costs - (14 ) 14 - - Total $ 27 $ (14 ) $ 14 $ - $ 27

Note 17 - Related Party Trans_2

Note 17 - Related Party Transactions (Tables)	12 Months Ended
Note 17 - Related Party Transactions (Tables)	Jun. 30, 2021
Notes Tables
Schedule of Related Party Revenue [Table Text Block]	(In thousands) 2021 2020 Wesco International $ 2,013 $ 1,575
Schedule of Related Party Assets [Table Text Block]	(In thousands) 2021 2020 Wesco International $ 264 $ 108

Note 18 - Summary of Quarterl_2

Note 18 - Summary of Quarterly Results (Unaudited) (Tables)	12 Months Ended
Note 18 - Summary of Quarterly Results (Unaudited) (Tables)	Jun. 30, 2021
Notes Tables
Quarterly Financial Information [Table Text Block]	Quarter Ended (In thousands except per share data) Sep. 30 Dec. 31 Mar. 31 Jun. 30 Fiscal Year 2021 Net Sales $ 70,006 $ 76,387 $ 72,204 $ 97,015 $ 315,612 Gross profit 18,272 19,706 18,092 22,904 78,974 Net Income 1,990 2,208 1,472 198 5,868 Earnings per share Basic $ 0.08 $ 0.08 $ 0.05 $ 0.01 $ 0.22 (a) Diluted $ 0.07 $ 0.08 $ 0.05 $ 0.01 $ 0.21 (a) Range of share prices High $ 7.34 $ 9.01 $ 10.78 $ 9.54 $ 10.78 Low $ 5.52 $ 6.75 $ 8.09 $ 7.55 $ 5.52 2020 Net Sales $ 88,701 $ 82,377 $ 71,010 $ 63,470 $ 305,558 Gross profit 21,855 19,964 15,942 15,769 73,530 Net Income 4,475 1,743 1,861 1,513 9,592 Earnings per share Basic $ 0.17 $ 0.07 $ 0.07 $ 0.06 $ 0.37 (a) Diluted $ 0.17 $ 0.07 $ 0.07 $ 0.06 $ 0.36 (a) Range of share prices High $ 5.22 $ 6.30 $ 7.28 $ 6.81 $ 7.28 Low $ 3.63 $ 4.90 $ 2.59 $ 3.51 $ 2.59

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
Schedule II - Valuation and Qualifying Accounts (Tables)	Jun. 30, 2021
Notes Tables
Summary of Valuation Allowance [Table Text Block]	COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F Description Balance Beginning of Period Additions Charged to Costs and Expenses Additions from Company Acquired Deductions (a) Balance End of Period Allowance for Doubtful Accounts: Year Ended June 30, 2021 $ 273 $ 19 $ 24 $ (60 ) $ 256 Year Ended June 30, 2020 $ 879 $ 19 $ - $ (625 ) $ 273 Inventory Obsolescence Reserve: Year Ended June 30, 2021 $ 3,821 $ 1,754 $ 380 $ (905 ) $ 5,050 Year Ended June 30, 2020 $ 4,605 $ 2,454 $ 10 $ (3,248 ) $ 3,821 Deferred Tax Asset Valuation Reserve: Year Ended June 30, 2021 $ 2,194 $ - $ - $ (2,086 ) $ 108 Year Ended June 30, 2020 $ 3,820 $ - $ - $ (1,626 ) $ 2,194

Note 1 - Summary of Significa_3

Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jul. 01, 2019
Cash, Uninsured Amount	$ 2,300	$ 3,700
Depreciation, Total	5,200	6,000
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Asset	$ 0
Standard Warranty Extended Term for Exceptions (Year)	10 years
Defined Contribution Plan, Cost	$ 1,400	1,300
Research and Development Expense, Total	$ 3,700	$ 3,600
Incremental Common Shares Attributable to Dilutive Effect of Contingently Issuable Shares (in shares)	1,029,000	368,000
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax, Ending Balance	$ (100)	$ 100
Operating Lease, Right-of-Use Asset	11,579	8,663
Operating Lease, Liability, Total	12,314	9,397
Retained Earnings (Accumulated Deficit), Ending Balance	(1,405)	(1,920)
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset			$ 10,400
Operating Lease, Liability, Total			10,800
Accounting Standards Update 2016-02 [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained Earnings (Accumulated Deficit), Ending Balance			$ 400
Other Expense [Member]
Foreign Currency Transaction Gain (Loss), before Tax, Total	$ 200	$ 500
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	20 years
Standard Warranty Term (Year)	5 years
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	5 years
Standard Warranty Term (Year)	1 year
Leasehold Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	15 years

Note 1 - Summary of Significa_4

Note 1 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Revenue	$ 315,612	$ 305,558
Lighting Segment [Member]
Revenue	189,000	206,199
Lighting Segment [Member] \| LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Revenue	164,778
Lighting Segment [Member] \| Legacy Products [Member]
Revenue	22,492
Lighting Segment [Member] \| Turnkey Services and Other [Member]
Revenue	1,730
Display Solutions Segment [Member]
Revenue	126,612	$ 99,359
Display Solutions Segment [Member] \| LED Lighting, Digital Signage, Electronic Circuit Boards [Member]
Revenue	35,976
Display Solutions Segment [Member] \| Legacy Products [Member]
Revenue	61,919
Display Solutions Segment [Member] \| Turnkey Services and Other [Member]
Revenue	28,717
Transferred at Point in Time [Member] \| Lighting Segment [Member]
Revenue	165,062
Transferred at Point in Time [Member] \| Display Solutions Segment [Member]
Revenue	66,123
Transferred over Time [Member] \| Lighting Segment [Member]
Revenue	23,938
Transferred over Time [Member] \| Display Solutions Segment [Member]
Revenue	$ 60,489

Note 1 - Summary of Significa_5

Note 1 - Summary of Significant Accounting Policies - Net Accounts Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Accounts receivable	$ 57,941	$ 38,109
Less: Allowance for doubtful accounts	(256)	(273)
Accounts receivable, net	$ 57,685	$ 37,836

Note 1 - Summary of Significa_6

Note 1 - Summary of Significant Accounting Policies - Estimated Useful Lives of Long-lived Assets (Details)	12 Months Ended
	Jun. 30, 2021
Building [Member] \| Minimum [Member]
Property, plant, and equipment (Year)	28 years
Building [Member] \| Maximum [Member]
Property, plant, and equipment (Year)	40 years
Machinery and Equipment [Member] \| Minimum [Member]
Property, plant, and equipment (Year)	3 years
Machinery and Equipment [Member] \| Maximum [Member]
Property, plant, and equipment (Year)	10 years
Software and Software Development Costs [Member] \| Minimum [Member]
Property, plant, and equipment (Year)	3 years
Software and Software Development Costs [Member] \| Maximum [Member]
Property, plant, and equipment (Year)	8 years

Note 1 - Summary of Significa_7

Note 1 - Summary of Significant Accounting Policies - Warranty Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Balance at beginning of the period	$ 6,956	$ 7,687
Additions from company acquired	248	0
Additions charged to expense	859	2,482
Deductions for repairs and replacements	(2,768)	(3,213)
Balance at end of the period	$ 5,295	$ 6,956

Note 2 - Acquisition of JSI S_3

Note 2 - Acquisition of JSI Store Fixtures (Details Textual) - USD ($) $ in Thousands	May 21, 2021	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021	Dec. 31, 2020
Line of Credit Facility, Maximum Borrowing Capacity	$ 100,000	$ 100,000	$ 100,000	$ 100,000		$ 100,000	$ 75,000
JSI Store Fixtures [Member]
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Business Combination, Consideration Transferred, Total	$ 93,700
Payments to Acquire Businesses, Gross	71,600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	9,252
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Property, Plant, and Equipment	$ 1,800
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual		9,100
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual		$ 700
Business Acquisition, Pro Forma Net Income (Loss)			19,300	$ 19,312	$ 13,878
JSI Store Fixtures [Member] \| Selling, General and Administrative Expenses [Member]
Business Combination, Acquisition Related Costs			$ 2,900

Note 2 - Acquisition of JSI S_4

Note 2 - Acquisition of JSI Store Fixtures - Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 30, 2021	May 21, 2021	Jun. 30, 2020
Goodwill	$ 43,788		$ 10,373
JSI Store Fixtures [Member]
Cash and cash equivalents		$ 4,067
Accounts receivable		9,252
Inventories		9,898
Property, plant and equipment		7,076
Other assets		7,440
Intangible assets		45,760
Accounts payable		(4,199)
Accrued liabilities		(8,434)
Deferred tax liability		(10,583)
Identifiable assets		60,277
Goodwill		33,415
Net purchase consideration		$ 93,692

Note 2 - Acquisition of JSI S_5

Note 2 - Acquisition of JSI Store Fixtures - Intangible Assets Acquired (Details) - JSI Store Fixtures [Member] $ in Thousands	May 21, 2021USD ($)
Acquired intangible assets	$ 45,760
Technology-Based Intangible Assets [Member]
Finite-lived intangibles assets	$ 4,900
Estimated Useful Life (Year)	7 years
Noncompete Agreements [Member]
Finite-lived intangibles assets	$ 260
Estimated Useful Life (Year)	5 years
Customer Relationships [Member]
Finite-lived intangibles assets	$ 31,920
Estimated Useful Life (Year)	20 years
Trade Names [Member]
Indefinite intangible assets	$ 8,680

Note 2 - Acquisition of JSI S_6

Note 2 - Acquisition of JSI Store Fixtures - Pro Forma Information (Details) - JSI Store Fixtures [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020
Net sales		$ 391,000	$ 362,541
Gross profit		97,947	86,399
Operating income	$ 19,300	$ 19,312	$ 13,878

Note 3 - Business Segment Inf_3

Note 3 - Business Segment Information (Details Textual) $ in Thousands	12 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)
Number of Operating Segments	2
Revenue from Contract with Customer, Including Assessed Tax	$ 315,612	$ 305,558
Intersegment Revenue Markup Percentage	10.00%
Display Solutions Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 126,612	$ 99,359
Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Number of Major Customers		0
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Display Solutions Segment [Member] \| One Customer [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 32,400
Concentration Risk, Percentage	10.30%
Number of Major Customers	1
Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Number of Major Customers	0	0

Note 3 - Segment Reporting Info

Note 3 - Segment Reporting Information - Summarized Financial Information by Reportable Business Segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Net Sales	$ 315,612	$ 305,558
Operating income (loss)	8,030	13,076
Capital expenditures	2,233	2,739
Depreciation and amortization	8,114	8,654
Segment Reconciling Items [Member]
Operating income (loss)	(15,162)	(11,265)
Capital expenditures	460	260
Depreciation and amortization	283	504
Lighting Segment [Member]
Net Sales	189,000	206,199
Lighting Segment [Member] \| Operating Segments [Member]
Operating income (loss)	13,328	16,123
Capital expenditures	1,596	1,386
Depreciation and amortization	6,306	6,714
Display Solutions Segment [Member]
Net Sales	126,612	99,359
Display Solutions Segment [Member] \| Operating Segments [Member]
Operating income (loss)	9,864	8,218
Capital expenditures	177	1,093
Depreciation and amortization	$ 1,525	$ 1,436

Note 3 - Segment Reporting In_2

Note 3 - Segment Reporting Information - Identifiable Assets by Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Identifiable assets	$ 286,821	$ 172,263
Segment Reconciling Items [Member]
Identifiable assets	7,298	18,423
Lighting Segment [Member] \| Operating Segments [Member]
Identifiable assets	132,169	118,819
Display Solutions Segment [Member] \| Operating Segments [Member]
Identifiable assets	$ 147,354	$ 35,021

Note 3 - Segment Reporting In_3

Note 3 - Segment Reporting Information - Intersegment Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Revenue from Contract with Customer, Including Assessed Tax	$ 315,612	$ 305,558
Lighting Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	189,000	206,199
Display Solutions Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	126,612	99,359
Intersegment Eliminations [Member] \| Lighting Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	28,449	3,718
Intersegment Eliminations [Member] \| Display Solutions Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 219	$ 552

Note 4 - Earnings Per Common _3

Note 4 - Earnings Per Common Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended								12 Months Ended
		Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2021	Jun. 30, 2020
Net income		$ 198	$ 1,472	$ 2,208	$ 1,990	$ 1,513	$ 1,861	$ 1,743	$ 4,475	$ 5,868	$ 9,592
Weighted average shares outstanding during the period, net of treasury shares (in shares)										26,411	26,105
Weighted average vested restricted stock units outstanding (in shares)										264	162
Weighted average shares outstanding (in shares)										26,692	26,274
Basic income per share (in dollars per share)		$ 0.01	$ 0.05	$ 0.08	$ 0.08	$ 0.06	$ 0.07	$ 0.07	$ 0.17	$ 0.22	$ 0.37
Basic (in shares)										26,692	26,274
Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any (in shares)	[1]									748	199
Weighted average shares outstanding (in shares)										27,440	26,473
Diluted income per share (in dollars per share)		$ 0.01	$ 0.05	$ 0.08	$ 0.07	$ 0.06	$ 0.07	$ 0.07	$ 0.17	$ 0.21	$ 0.36
Anti-dilutive securities (b) (in shares)	[2]									976	1,957
Restricted Stock Units (RSUs) [Member]
Weighted average vested restricted stock units outstanding (in shares)										17	7

[1]	Calculative using the “Treasury Stock” method as if dilutive securities were exercised and the funds were used to purchase common shares at the average market price during the period.
[2]	Anti-dilutive securities were excluded in the computation of diluted earnings per share for the year ended June 30, 2021 and June 30, 2020 because the exercise price was greater than the fair market price of the common shares or because the assumed proceeds from the award’s exercise or vesting was greater than the average fair market price of the common shares.

Note 5 - Inventories, Net - Inv

Note 5 - Inventories, Net - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Raw materials	$ 40,567	$ 27,331
Work-in-progress	4,757	1,566
Finished goods	13,617	9,855
Total Inventories	$ 58,941	$ 38,752

Note 6 - Accrued Expenses - Acc

Note 6 - Accrued Expenses - Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Customer prepayments	$ 11,352	$ 1,698
Compensation and benefits	10,051	5,271
Accrued warranty	5,295	6,956	$ 7,687
Accrued sales commissions	2,568	1,289
Accrued FICA	1,190	730
Accrued income tax	434	0
Finance lease liabilities	263	239
Other accrued expenses	5,341	3,874
Total Accrued Expenses	37,918	20,433
Accrued Expenses [Member]
Accrued expenses (Current liabilities)	$ 1,424	$ 376

Note 7 - Goodwill and Other I_3

Note 7 - Goodwill and Other Intangible Assets (Details Textual) $ in Thousands	Mar. 01, 2020USD ($)	Jun. 30, 2021USD ($)	May 21, 2021USD ($)	Mar. 31, 2021USD ($)	Mar. 01, 2021USD ($)	Jun. 30, 2020USD ($)
Number of Reporting Units		2
Intangible Assets, Indefinite-lived, Amount of Fair Value in Excess of Carrying Amount	$ 16,800			$ 15,700
Intangible Assets, Indefinite-lived, Percentage of Fair Value in Excess of Carrying Amount	392.00%			358.00%
Goodwill, Ending Balance		$ 43,788				$ 10,373
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 0
JSI Store Fixtures [Member]
Goodwill, Ending Balance			$ 33,415
Lighting Segment [Member]
Number of Reporting Units		1
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount					$ 28,200
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount					26.00%
Goodwill, Ending Balance		$ 9,208				9,208
Good will Impairment Testing Value Above Carrying Value	$ 31,600
Good will Impairment Testing Percent Value Above Carrying Value	33.00%
Display Solutions Segment [Member]
Reporting Unit, Amount of Fair Value in Excess of Carrying Amount					$ 11,400
Reporting Units, Percentage of Fair Value in Excess of Carrying Amount					2065.00%
Goodwill, Ending Balance		$ 34,580				$ 1,165
Good will Impairment Testing Value Above Carrying Value	$ 4,700
Good will Impairment Testing Percent Value Above Carrying Value	619.00%

Note 7 - Goodwill and Other I_4

Note 7 - Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Goodwill	$ 99,661	$ 115,401
Accumulated impairment losses	(89,288)	(105,028)
Goodwill	43,788	10,373
Goodwill acquired	33,415
Lighting Segment [Member]
Goodwill	70,971	86,711
Accumulated impairment losses	(61,763)	(77,503)
Goodwill	9,208	9,208
Goodwill acquired	0
Display Solutions Segment [Member]
Goodwill	28,690	28,690
Accumulated impairment losses	(27,525)	(27,525)
Goodwill	34,580	$ 1,165
Goodwill acquired	$ 33,415

Note 7 - Goodwill and Other I_5

Note 7 - Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Amortized intangible assets, gross	$ 86,235	$ 54,625
Accumulated amortization	25,564	28,087
Amortized intangible assets, net	60,671	26,538
Indefinite-lived intangible assets, gross	12,102	3,422
Total other intangible assets, gross	98,337	58,047
Total other intangible assets, net	72,773	29,960
Trademarks and Trade Names [Member]
Indefinite-lived intangible assets, gross	12,102	3,422
Customer Relationships [Member]
Amortized intangible assets, gross	62,083	35,563
Accumulated amortization	10,967	14,129
Amortized intangible assets, net	51,116	21,434
Patents [Member]
Amortized intangible assets, gross	268	338
Accumulated amortization	237	277
Amortized intangible assets, net	31	61
Technology-Based Intangible Assets [Member]
Amortized intangible assets, gross	20,966
Accumulated amortization	13,415
Amortized intangible assets, net	7,551
LED Technology Firmware Software [Member]
Amortized intangible assets, gross		16,066
Accumulated amortization		12,852
Amortized intangible assets, net		3,214
Trade Names [Member]
Amortized intangible assets, gross	2,658	2,658
Accumulated amortization	939	829
Amortized intangible assets, net	1,719	$ 1,829
Noncompete Agreements [Member]
Amortized intangible assets, gross	260
Accumulated amortization	6
Amortized intangible assets, net	$ 254

Note 7 - Goodwill and Other I_6

Note 7 - Goodwill and Other Intangible Assets - Amortization Expense of Other Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Amortization expense of other intangible assets	$ 2,948	$ 2,687

Note 7 - Goodwill and Other I_7

Note 7 - Goodwill and Other Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Jun. 30, 2021USD ($)
2022	$ 4,808
2023	4,760
2024	4,760
2025	4,760
2026	4,754
After 2026	$ 36,829

Note 8 - Revolving Line of Cr_2

Note 8 - Revolving Line of Credit and Long-term Debt (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2021	May 21, 2021	Mar. 31, 2021	Dec. 31, 2020
Line of Credit Facility, Maximum Borrowing Capacity	$ 100	$ 100	$ 100	$ 75
Long-term Line of Credit, Total	68.2
Line of Credit Facility, Remaining Borrowing Capacity	$ 31.8
Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.15%
Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.225%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.50%
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%
London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%
London Interbank Offered Rate (LIBOR) [Member] \| Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Base Rate [Member] \| Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	0.00%
Base Rate [Member] \| Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%

Note 9 - Cash Dividends (Detail

Note 9 - Cash Dividends (Details Textual) - USD ($) $ / shares in Units, $ in Millions	Sep. 07, 2021	Jun. 30, 2021	Jun. 30, 2020
Payments of Dividends, Total		$ 5.3	$ 5.3
Dividends Accrued		$ 0.1
Subsequent Event [Member]
Quarterly Indicated Per Share Dividend Rate (in dollars per share)	$ 0.05
Dividends Payable, Date to be Paid	Sep. 7, 2021
Dividends Payable, Date of Record	Aug. 30, 2021

Note 10 - Equity Compensation_2

Note 10 - Equity Compensation (Details Textual)	12 Months Ended
Note 10 - Equity Compensation (Details Textual)	Jun. 30, 2021USD ($)$ / sharesshares	Jun. 30, 2020USD ($)shares	Nov. 30, 2019shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) \| shares	318,406
Class of Warrant or Right, Outstanding (in shares) \| shares	200,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) \| $ / shares	$ 9.95
Class of Warrant or Right, Remaining Contractual Life (Year)	7 months 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 200,000	$ 100,000
Proceeds from Stock Options Exercised	987,000	612,000
Reduction of Federal Income Taxes Payable Related To Stock Option Exercise	100,000	43,000
Reduction of Deferred Tax Asset Related to Stock Option Exercises	$ 100,000	$ 400,000
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period (in shares) \| shares	43,049	71,581
Shares Issued, Value, Share-based Payment Arrangement, before Forfeiture		$ 300,000
Deferred Compensation Plan, Number of Participants	31
Deferred Compensation Arrangement with Individual, Shares Issued (in shares) \| shares	193,510	85,560
Deferred Compensation Plan With Rabbit Trust [Member]
Treasury Stock, Shares, Ending Balance (in shares) \| shares	345,875	180,264
Treasury Stock, Value, Ending Balance	$ 2,500,000	$ 1,100,000
Inducement Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) \| shares	75,000	280,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)	10 years
Inducement RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) \| shares	30,626
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	3 years
Inducement PSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) \| shares	122,509
Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Expense	$ 800,000	$ 400,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 900,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	1 year 9 months 18 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) \| shares	163,752
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	3 years
Share-based Payment Arrangement, Expense	$ 600,000	100,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 600,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years 2 months 12 days
Dividends, Total	$ 42,085	16,931
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 200,000
Restricted Stock Units (RSUs) [Member] \| Share-based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	50.00%
Restricted Stock Units (RSUs) [Member] \| Share-based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	25.00%
Restricted Stock Units (RSUs) [Member] \| Share-based Payment Arrangement, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	25.00%
Performance Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) \| shares	256,526
Share-based Payment Arrangement, Expense	$ 600,000	$ 100,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 1,600,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)		2 years 1 month 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) \| $ / shares	$ 7.50
Dividend, Share-based Payment Arrangement, Cash	$ 86,196	$ 46,865
The 2019 Omnibus Award Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) \| shares			2,650,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) \| shares	2,573,450
Share-based Compensation Arrangement by Share-based Payment Award, Fungible Share Ratio	2.5
The 2019 Omnibus Award Plan [Member] \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) \| shares	163,752
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) \| $ / shares	$ 7.08
The 2019 Omnibus Award Plan [Member] \| Performance Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) \| shares	256,526
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) \| $ / shares	$ 7.50

Note 10 - Equity Compensation -

Note 10 - Equity Compensation - Weighted Average Assumptions Were Used for the Warrants (Details)	Feb. 21, 2017yr
Measurement Input, Expected Dividend Rate [Member]
Measurement input	0.0201
Measurement Input, Price Volatility [Member]
Measurement input	0.39
Measurement Input, Risk Free Interest Rate [Member]
Measurement input	0.0180
Measurement Input, Expected Term [Member]
Measurement input	4.5
Measurement Input, Share Price [Member]
Measurement input	2.87

Note 10 - Equity Compensation_3

Note 10 - Equity Compensation - Weighted Average Assumptions Used to Develop the Fair Value of Stock Options (Details) - $ / shares	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Dividend yield	2.90%	4.70%
Expected volatility	50.00%	43.00%
Risk-free interest rate	0.30%	1.40%
Expected life (Year)	6 years	6 years
Granted, weighted average grant date fair value (in dollars per share)	$ 2.40	$ 1.22

Note 10 - Equity Compensation_4

Note 10 - Equity Compensation - Stock Options (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Outstanding, shares (in shares)	2,282,938
Outstanding, weighted average exercise price (in dollars per share)	$ 6.20
Outstanding, weighted average remaining contractual term (Year)	6 years 8 months 12 days	7 years 1 month 6 days
Outstanding, aggregate intrinsic value	$ 5,320,456	$ 2,731,949
Granted, shares (in shares)	318,406
Granted, weighted average exercise price (in dollars per share)	$ 6.86
Exercised, shares (in shares)	(139,367)
Exercised, weighted average exercise price (in dollars per share)	$ 7.38
Forfeited, shares (in shares)	(132,329)
Forfeited, weighted average exercise price (in dollars per share)	$ 8.84
Expired, shares (in shares)	(2,500)
Expired, weighted average exercise price (in dollars per share)	$ 7.29
Outstanding, shares (in shares)	2,327,148	2,282,938
Outstanding, weighted average exercise price (in dollars per share)	$ 6.07	$ 6.20
Exercisable, shares (in shares)	1,013,157
Exercisable, weighted average exercise price (in dollars per share)	$ 7.58
Exercisable, weighted average remaining contractual term (Year)	5 years
Exercisable, aggregate intrinsic value	$ 1,239,663
Vested and expected to vest at June 30, 2021 (in shares)	2,256,565
Vested and expected to vest, weighted average exercise price (in dollars per share)	$ 6.08
Vested and expected to vest, weighted average remaining contractual term (Year)	6 years 7 months 6 days
Vested and expected to vest, aggregate intrinsic value	$ 5,165,389

Note 10 - Equity Compensation_5

Note 10 - Equity Compensation - Summary of Restricted Stock Units Activity (Details) - $ / shares	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)	318,406
Granted, weighted average grant date fair value (in dollars per share)	$ 2.40	$ 1.22
Restricted Stock Units (RSUs) [Member]
Unvested, shares (in shares)	72,820
Unvested, weighted average grant date fair value (in dollars per share)	$ 4.03
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares)	163,752
Granted, weighted average grant date fair value (in dollars per share)	$ 7.08
Vested, shares (in shares)	(28,051)
Vested, weighted average grant date fair value (in dollars per share)	$ 4.34
Forfeited, shares (in shares)	(7,800)
Forfeited, weighted average grant date fair value (in dollars per share)	$ 5.49
Unvested, shares (in shares)	200,721	72,820
Unvested, weighted average grant date fair value (in dollars per share)	$ 6.42	$ 4.03

Note 10 - Equity Compensation_6

Note 10 - Equity Compensation - Summary of Performance Stock Units Activity (Details) - Performance Stock Units [Member]	12 Months Ended
	Jun. 30, 2021$ / sharesshares
Unvested, shares (in shares) \| shares	206,974
Unvested, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 3.98
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) \| shares	256,526
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) \| $ / shares	$ 7.50
Vested (in shares) \| shares	0
Vested, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 0
Forfeited (in shares) \| shares	(6,613)
Forfeited, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 4.48
Unvested, shares (in shares) \| shares	456,887
Unvested, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 5.95

Note 11 - Leases and Purchase_3

Note 11 - Leases and Purchase Commitments (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jul. 01, 2019
Contractual Obligation, Total	$ 29,000	$ 14,300
Operating Lease, Right-of-Use Asset	11,579	8,663
Operating Lease, Liability, Total	$ 12,314	$ 9,397
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset			$ 10,400
Operating Lease, Liability, Total			$ 10,800
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	7 years

Note 11 - Leases and Purchase_4

Note 11 - Leases and Purchase Commitments - Operating Lease Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating lease cost	$ 2,428	$ 2,308
Amortization of right of use assets	291	48
Interest on lease liabilities	91	16
Variable lease cost	10	6
Sublease income	(43)	0
Total lease cost	2,777	2,378
Fixed payments - operating cash flows	2,412	2,296
Liability reduction - operating cash flows	1,983	1,810
Interest - operating cash flows	91	16
Repayments of principal portion - financing cash flows	239	39
Total operating right-of-use assets	11,579	8,663
Long-term operating lease liability	10,890	9,021
Total operating lease liabilities	$ 12,314	$ 9,397
Weighted Average remaining Lease Term (in years) (Year)	3 years 11 months 4 days	4 years 7 months 2 days
Weighted Average Discount Rate	4.81%	4.85%
Finance leases, right of use assets	$ 2,033	$ 2,033
Accumulated depreciation	(339)	(48)
Total finance lease assets, net	1,724	1,985
Accrued expenses (Current liabilities)	263	239
Long-term finance lease liability	1,521	1,755
Total finance lease liabilities	$ 1,784	$ 1,994
Weighted Average remaining Lease Term (in years) (Year)	5 years 9 months 10 days	6 years 9 months 29 days
Weighted Average Discount Rate	4.86%	4.86%
Accrued Expenses [Member]
Accrued expenses (Current liabilities)	$ 1,424	$ 376
Buildings Under Finance Leases [Member]
Finance leases, right of use assets	2,033	2,033
Equipment Under Finance Leases [Member]
Finance leases, right of use assets	$ 30	$ 0

Note 11 - Leases and Purchase_5

Note 11 - Leases and Purchase Commitments - Maturities of Lease Liability (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
2022, operating lease liabilities	$ 3,558
2022, finance lease liabilities	342
2022, operating subleases	(377)
2022, net lease commitments	3,523
2023, operating lease liabilities	3,558
2023, finance lease liabilities	342
2023, operating subleases	(377)
2023, net lease commitments	3,523
2024, operating lease liabilities	3,255
2024, finance lease liabilities	337
2024, operating subleases	(377)
2024, net lease commitments	3,215
2025, operating lease liabilities	2,104
2025, finance lease liabilities	362
2025, operating subleases	(31)
2025, net lease commitments	2,435
2026, operating lease liabilities	803
2026, finance lease liabilities	362
2026, operating subleases	0
2026, net lease commitments	1,165
Thereafter, operating lease liabilities	232
Thereafter, finance lease liabilities	304
Thereafter, operating subleases	0
Thereafter, net lease commitments	536
Total lease payments, operating lease liabilities	13,510
Total lease payments, finance lease liabilities	2,049
Total lease payments, operating subleases	(1,162)
Total lease payments, net lease commitments	14,397
Less: Interest, operating lease liabilities	(1,196)
Less: Interest, finance lease liabilities	(265)
Less: Interest, net lease commitments	(1,461)
Present Value of Lease Liabilities, operating lease liabilities	12,314	$ 9,397
Present Value of Lease Liabilities, finance lease liabilities	1,784	$ 1,994
Present Value of Lease Liabilities, net lease commitments	$ 12,936

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
Note 12 - Income Taxes (Details Textual) - USD ($)	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Deferred Tax Assets, Tax Credit Carryforwards, Research	$ 100,000	$ 100,000
Deferred Tax Assets, Operating Loss Carryforwards and Credits State and Local	624,000	$ 2,194,000
Oregon Net Operating Loss, Term (Year)		4 years
Deferred Tax Assets, Valuation Allowance, Total	108,000	$ 2,194,000
Unrecognized Tax Benefits, Ending Balance	700,000	500,000
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	300,000	300,000
Unrecognized Tax Benefits, Income Tax Penalties Accrued	200,000	100,000
Reserve for Unrecognized Tax Benefits, Including Penalties and Interest	1,200,000	900,000
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	700,000	500,000
Unrecognized Tax Benefits, Period Increase (Decrease), Total	100,000	100,000
Unrecognized Tax Benefits, Interest on Income Taxes Expense	32,000	0
Unrecognized Tax Benefits, Income Tax Penalties Expense	19,000	13,000
JSI Store Fixtures [Member]
Deferred Tax Assets, Operating Loss Carryforwards, Total	300,000
Deferred Tax Assets, Operating Loss Carryforwards and Credits State and Local	300,000
Domestic Tax Authority [Member]
Deferred Tax Assets, Operating Loss Carryforwards, Total	1,500,000	100,000
Domestic Tax Authority [Member] \| Virticus [Member]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	1,400,000	$ 100,000
Operating Loss Carryforwards, Expiration Period (Year)		3 years
State and Local Jurisdiction [Member]
Deferred Tax Assets, Valuation Allowance, Total		$ 2,200,000
State and Local Jurisdiction [Member] \| Oregon Department of Revenue [Member]
Tax Credit Carryforward, Valuation Allowance		100,000
Deferred Tax Assets, Operating Loss Carryforwards, State and Local		100,000
State and Local Jurisdiction [Member] \| New York State Division of Taxation and Finance [Member]
Deferred Tax Assets, Tax Credit Carryforwards, Total		2,100,000
Deferred Tax Asset and Related Valuation Allowance, Eliminated	$ 2,100,000
Foreign Tax Authority [Member] \| Canada Revenue Agency [Member]
Deferred Tax Assets, Capital Loss Carryforwards			$ 10,700,000
Deferred Tax Assets, Operating Loss Carryforwards, Recognized During Period		6,400,000
Deferred Tax Assets, Operating Loss Carryforwards, Expired During Period		4,300,000
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount		$ (600,000)

Note 12 - Income Taxes - Compon

Note 12 - Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
United States	$ 7,117	$ 11,494
Foreign	799	199
Income before income taxes	7,916	11,693
U.S. Federal	2,425	(2,082)
Foreign	247	83
State and local	434	175
Total current	3,106	(1,824)
Deferred	(1,058)	3,925
Total provision for income taxes	$ 2,048	$ 2,101

Note 12 - Income Taxes - Reconc

Note 12 - Income Taxes - Reconciliation of Income Tax Rate (Details)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Federal statutory rate	21.00%	21.00%
State and local taxes, net of federal benefit	1.50%	2.00%
Foreign operations	1.00%	0.40%
Federal tax credits	(1.50%)	(0.70%)
Valuation allowance	(25.90%)	(13.40%)
New York state tax credits	25.90%	0.00%
Expiration of capital loss carryforward	0.00%	8.90%
Transaction costs	3.50%	0.00%
Uncertain tax position activity	(0.10%)	(0.50%)
Stock-based compensation	1.00%	3.60%
Tax rate changes	(0.30%)	(5.40%)
Other	(0.20%)	2.10%
Effective tax rate	25.90%	18.00%

Note 12 - Income Taxes - Comp_2

Note 12 - Income Taxes - Components of Deferred Income Tax Assets and (Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Uncertain tax positions	$ 138	$ 125
Reserves against current assets	936	798
Accrued expenses	3,348	2,196
Interest	927	0
Deferred compensation	514	235
Stock-based compensation	841	597
Deferred Tax Assets, Operating Loss Carryforwards and Credits State and Local	624	2,194
Lease liability	4,408	1,992
Goodwill, acquisition costs and intangible assets, deferred tax assets	0	8,040
U.S. Federal net operating loss carryover and credits	1,587	217
Deferred income tax asset before valuation allowance	13,323	16,394
Valuation allowance	(108)	(2,194)
Deferred income tax asset	13,215	14,200
Depreciation	(2,677)	(1,837)
Right of use assets	(4,299)	(1,992)
Goodwill, acquisition costs and intangible assets	(3,683)	0
Deferred income tax liability	(10,659)	(3,829)
Net deferred income tax asset	$ 2,556	$ 10,371

Note 12 - Income Taxes - Liabil

Note 12 - Income Taxes - Liability for Uncertain Tax Positions (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Balance at the beginning of the fiscal year	$ 607	$ 675
Decreases - tax positions in prior period	(52)	(70)
Increase - tax positions in current period	49	15
Increases - tax positions in prior period	78	0
Settlements and payments	0	(13)
Balance at end of the fiscal year	$ 682	$ 607

Note 13 - Supplemental Cash F_3

Note 13 - Supplemental Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Interest	$ 127	$ 990
Income taxes	356	6
Issuance of common shares as compensation	315	300
Issuance of common shares to fund deferred compensation plan	$ 1,534	$ 473

Note 14 - Commitments and Con_2

Note 14 - Commitments and Contingencies (Details Textual) $ in Thousands	Jun. 30, 2021USD ($)
Standby Letters of Credit [Member]
Letters of Credit Outstanding, Amount	$ 0

Note 15 - Severance Costs (Deta

Note 15 - Severance Costs (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Severance Expense	$ 41	$ 344
Maximum [Member]
Severance Expense	$ 100

Note 15 - Severance Costs - Acc

Note 15 - Severance Costs - Accrued Severance Liability Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Balance	$ 639	$ 1,134
Accrual of expense	41	344
Payments	(667)	(839)
Balance	$ 13	$ 639

Note 16 - Restructuring Costs_2

Note 16 - Restructuring Costs (Details Textual) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2021	Jun. 30, 2020
Proceeds from Sale of Property, Plant, and Equipment, Total				$ 0	$ 20,150
Restructuring Charges, Total				$ 14
Sell Manufacturing Facility In New Windsor, New York [Member]
Proceeds from Sale of Property, Plant, and Equipment, Total			$ 12,300
Gain (Loss) on Disposition of Property Plant Equipment, Total			$ 4,800
Sale of Manufacturing Facility in North Canton, Ohio [Member] \| Facility Closing [Member]
Proceeds from Sale of Property, Plant, and Equipment, Total		$ 7,700
Gain (Loss) on Disposition of Property Plant Equipment, Total		$ 3,700
Restructuring Charges, Total	$ 600

Note 16 - Restructuring Costs -

Note 16 - Restructuring Costs - Summary of Restructuring Costs for the Period (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Exit costs	$ (14)	$ 636
Impairment of fixed assets and accelerated depreciation	0	59
Gain on sale of facility	0	(8,562)
Manufacturing realignment costs	0	276
Total	$ (14)	$ (7,591)

Note 16 - Restructuring Costs_3

Note 16 - Restructuring Costs - Cost Incurred by Line Items on the Statement of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Restructuring and related costs, incurred cost	$ (14)	$ (7,591)
Cost of Goods Sold [Member]
Restructuring and related costs, incurred cost	(14)	980
Operating Expense [Member]
Restructuring and related costs, incurred cost	$ 0	$ (8,571)

Note 16 - Restructuring Costs_4

Note 16 - Restructuring Costs - Summary of Restructuring Costs by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Restructuring and related costs, incurred cost	$ (14)	$ (7,591)
Corporate, Non-Segment [Member]
Restructuring and related costs, incurred cost	0	23
Lighting Segment [Member] \| Operating Segments [Member]
Restructuring and related costs, incurred cost	0	(4,674)
Display Solutions Segment [Member] \| Operating Segments [Member]
Restructuring and related costs, incurred cost	$ (14)	$ (2,940)

Note 16 - Restructuring Costs_5

Note 16 - Restructuring Costs - Liability Balances Related to Restructuring Costs (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2021USD ($)
Balance, beginning	$ 27
Restructuring Expense	(14)
Payments	14
Adjustments	0
Balance, ending	27
Severance and Other Termination Benefits [Member]
Balance, beginning	27
Restructuring Expense	0
Payments	0
Adjustments	0
Balance, ending	27
Other Restructuring [Member]
Balance, beginning	0
Restructuring Expense	(14)
Payments	14
Adjustments	0
Balance, ending	$ 0

Note 17 - Related Party Trans_3

Note 17 - Related Party Transactions - Revenue From Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Wesco International [Member]
Revenue from related parties	$ 2,013	$ 1,575

Note 17 - Related Party Trans_4

Note 17 - Related Party Transactions - Assets Recorded With Related Parties (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Wesco International [Member]
Assets recorded with related parties	$ 264	$ 108

Note 18 - Summary of Quarterl_3

Note 18 - Summary of Quarterly Results (Unaudited) - Quarterly Results (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended								12 Months Ended
		Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2021	Jun. 30, 2020
Net Sales		$ 97,015	$ 72,204	$ 76,387	$ 70,006	$ 63,470	$ 71,010	$ 82,377	$ 88,701
Gross profit		22,904	18,092	19,706	18,272	15,769	15,942	19,964	21,855	$ 78,974	$ 73,530
Net Income		$ 198	$ 1,472	$ 2,208	$ 1,990	$ 1,513	$ 1,861	$ 1,743	$ 4,475	$ 5,868	$ 9,592
Basic (in dollars per share)		$ 0.01	$ 0.05	$ 0.08	$ 0.08	$ 0.06	$ 0.07	$ 0.07	$ 0.17	$ 0.22	$ 0.37
Diluted (in dollars per share)		0.01	0.05	0.08	0.07	0.06	0.07	0.07	0.17	$ 0.21	$ 0.36
Maximum [Member]
Share prices (in dollars per share)		9.54	10.78	9.01	7.34	6.81	7.28	6.30	5.22
Minimum [Member]
Share prices (in dollars per share)		$ 7.55	$ 8.09	$ 6.75	$ 5.52	$ 3.51	$ 2.59	$ 4.90	$ 3.63
Fiscal Year [Member]
Net Sales										$ 315,612	$ 305,558
Gross profit										78,974	73,530
Net Income										$ 5,868	$ 9,592
Basic (in dollars per share)	[1]									$ 0.22	$ 0.37
Diluted (in dollars per share)	[1]									0.21	0.36
Fiscal Year [Member] \| Maximum [Member]
Share prices (in dollars per share)										10.78	7.28
Fiscal Year [Member] \| Minimum [Member]
Share prices (in dollars per share)										$ 5.52	$ 2.59

[1]	The total of the earnings per share for each of the four quarters does not equal the total earnings per share for the full year because the calculations are based on the average shares outstanding during each of the individual periods. There is no difference between basic and diluted shares due to losses.

Schedule II - Valuation and Q_3

Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands		12 Months Ended
		Jun. 30, 2021	Jun. 30, 2020
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Balance, Beginning of Period		$ 273	$ 879
Additions Charged to Costs and Expenses		19	19
Additions From Company Acquired		24	0
Deductions	[1]	(60)	(625)
Balance, End of Period		256	273
SEC Schedule, 12-09, Reserve, Inventory [Member]
Balance, Beginning of Period		3,821	4,605
Additions Charged to Costs and Expenses		1,754	2,454
Additions From Company Acquired		380	10
Deductions	[1]	(905)	(3,248)
Balance, End of Period		5,050	3,821
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Balance, Beginning of Period		2,194	3,820
Additions Charged to Costs and Expenses		0	0
Additions From Company Acquired		0	0
Deductions	[1]	(2,086)	(1,626)
Balance, End of Period		$ 108	$ 2,194

[1]	For Allowance for Doubtful Accounts, deductions are uncollectible accounts charged off, less recoveries.