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Note 11 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2021

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

		2021				2020				2019
U.S. Operations		$	4,997			$	11,890			$	6,794
Non-U.S. Operations			47,703				42,184				60,180
Total		$	52,700			$	54,074			$	66,974

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		2021				2020				2019
Current:
Federal		$	(2,592	)		$	(870	)		$	648
State			307				70				190
Non-U.S.			15,606				13,963				21,288
Total Current		$	13,321			$	13,163			$	22,126
Deferred:
Federal		$	1,469			$	2,743			$	277
State			374				885				207
Non-U.S.			(1,007	)			(3,731	)			(3,922	)
Total Deferred			836				(103	)			(3,438	)
Total		$	14,157			$	13,060			$	18,688

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		2021				2020				2019
Provision at statutory tax rate			21.0	%			21.0	%			21.0	%
State taxes			1.4	%			1.1	%			0.5	%
Impact of foreign operations			4.0	%			0.7	%			4.9	%
Federal tax credits			(1.0	%)			(3.5	%)			(1.5	%)
Tax Reform			0.0	%			0.0	%			(1.2	%)
Cash repatriation			4.6	%			2.2	%			3.2	%
SubF/GILTI			0.0	%			1.4	%			0.4	%
Uncertain Tax Positions			1.5	%			(1.3	%)			0.0	%
Benefit from U.S. tax loss carryback to prior years			(1.8	%)			0	%			0.0	%
Tax expense on Enginetics disposal			2.4	%			0	%			0.0	%
Return to provision			(3.2	%)			1.0	%			(0.1	%)
Valuation allowance release			(2.3	%)			0	%			0.0	%
Other			0.8	%			1.7	%			0.7	%
Effective income tax provision			26.9	%			24.3	%			27.9	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		2021				2020
Deferred tax liabilities:
Depreciation and amortization		$	(28,997	)		$	(34,422	)
Withholding taxes			(4,497	)			(4,295	)
Other			(302	)			-
Operating lease right-of-use-asset			(4,711	)			(11,384	)
Total deferred tax liability		$	(38,507	)		$	(50,101	)
Deferred tax assets:
Accrued compensation		$	2,610			$	2,410
Accrued expenses and reserves			2,610				4,117
Pension			12,653				19,847
Inventory			769				588
Lease liabilities			4,783				11,446
Other			-				127
Net operating loss and credit carry forwards			16,127				22,676
Total deferred tax asset		$	39,552			$	61,211
Less: Valuation allowance			(12,191	)			(15,172	)
Net deferred tax asset (liability)		$	(11,146	)		$	(4,062	)

Schedule of Provision for Income Taxes [Table Text Block]

		2021				2020				2019
Continuing operations		$	14,157			$	13,060			$	18,688
Discontinued operations			(550	)			(2,613	)			(2,453	)
Total provision		$	13,607			$	10,447			$	16,235

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

		2021				2020				2019
Beginning Balance		$	9,286			$	11,251			$	3,003
Additions based on tax positions related to the current year			5				4				4
Additions for tax positions of prior years			121				-				8,281
Reductions for tax positions of prior years			-				(1,641	)			(37	)
Settlements			-				(328	)			-
Ending Balance		$	9,412			$	9,286			$	11,251

Summary of Income Tax Examinations [Table Text Block]

Country		Years Ending June 30,
United States		2018 to 2021
Canada		2017 to 2021
Germany		2018 to 2021
Ireland		2021
Portugal		2020 to 2021
United Kingdom		2017 to 2021

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