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Note 11 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2023

Notes Tables

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

		2023				2022				2021
U.S. Operations		$	52,091			$	11,885			$	4,997
Non-U.S. Operations			111,858				69,404				47,703
Total		$	163,949			$	81,289			$	52,700

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

		2023				2022				2021
Current:
Federal		$	7,207			$	935			$	(2,592	)
State			4,242				(651	)			307
Non-U.S.			20,472				21,490				15,606
Total Current		$	31,921			$	21,774			$	13,321
Deferred:
Federal		$	(6,978	)		$	486			$	1,469
State			(489	)			(892	)			374
Non-U.S.			342				(1,561	)			(1,007	)
Total Deferred			(7,125	)			(1,967	)			836
Total		$	24,796			$	19,807			$	14,157

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

		2023				2022				2021
Provision at statutory tax rate			21.0	%			21.0	%			21.0	%
State taxes			1.7	%			(1.4	%)			1.4	%
Impact of foreign operations			(2.6	%)			5.3	%			4.0	%
Federal tax credits			(8.7	%)			(2.7	%)			(1.0	%)
Cash repatriation			1.0	%			1.1	%			4.6	%
SubF/GILTI			6.9	%			0.0	%			0.0	%
Uncertain Tax Positions			(0.1	)%			1.3	%			1.5	%
Benefit from U.S. tax loss carryback to prior years			0.0	%			0.0	%			(1.8	%)
Tax expense on Enginetics disposal			0.0	%			0.0	%			2.0	%
Return to provision			(1.3	%)			(1.6	%)			(3.2	%)
Valuation allowance release			(3.1	%)			0.0	%			(2.3	%)
Tax expense on Procon Pumps disposal			0.2	%			0.0	%			0.0	%
Other			0.1	%			1.3	%			0.8	%
Effective income tax provision			15.1	%			24.4	%			26.9	%

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

		2023				2022
Deferred tax liabilities:
Depreciation and amortization		$	(25,951	)		$	(25,758	)
Withholding taxes			(4,773	)			(4,245	)
Other			-				(420	)
Operating lease right-of-use-asset			(4,495	)			(4,867	)
Total deferred tax liability		$	(35,219	)		$	(35,290	)
Deferred tax assets:
Accrued compensation		$	3,633			$	3,020
Accrued expenses and reserves			1,765				2,138
Pension			8,814				8,383
Inventory			942				1,023
Lease liabilities			4,671				4,985
Section 174 Capitalization			9,401				-
Other			950				-
Net operating loss and credit carry forwards			14,302				21,344
Total deferred tax asset		$	44,478			$	40,893
Less: Valuation allowance			(9,562	)			(14,932	)
Net deferred tax asset (liability)		$	(303	)		$	(9,329	)

Schedule of Provision for Income Taxes [Table Text Block]

		2023				2022				2021
Continuing operations		$	24,796			$	19,807			$	14,157
Discontinued operations			(43	)			(24	)			(550	)
Total provision (benefit)		$	24,753			$	19,783			$	13,607

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

		2023				2022				2021
Beginning Balance		$	9,559			$	9,412			$	9,286
Additions based on tax positions related to the current year			-				762				5
Additions for tax positions of prior years			219				443				121
Reductions for tax positions of prior years			(208	)			(1,058	)			-
Settlements			(77	)			-				-
Ending Balance		$	9,493			$	9,559			$	9,412

Summary of Income Tax Examinations [Table Text Block]

Country		Years Ending June 30,
United States		2020 to 2023
Canada		2019 to 2023
Germany		2020 to 2023
Ireland		2023
Portugal		2022 to 2023
United Kingdom		2019 to 2023

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