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Note 11. Income Taxes (Tables)

12 Months Ended

Jun. 30, 2021

Income Taxes [Abstract]

Schedule of Deferred Tax Assets and Liabilities

The components of the deferred tax assets and liabilities as of June 30, 2021 and 2020, were as follows:

(Amounts in Thousands)			2021						2020
Deferred Tax Assets:
Receivables			$	95					$	145
Inventory			1,726						1,894
Employee benefits			282						224
Deferred compensation			8,732						5,338
Other current liabilities			1,115						265
Tax credit carryforwards			3,388						2,445
Goodwill			1,328						1,608
Net operating loss carryforward			2,037						2,398
Miscellaneous			5,496						4,020
Valuation Allowance			(1,802)						(1,637)
Total asset			$	22,397					$	16,700
Deferred Tax Liabilities:
Other intangible assets			$	1,210					$	1,313
Property and equipment			869						1,211
Net foreign currency gains			2						22
Miscellaneous			659						581
Total liability			$	2,740					$	3,127
Net Deferred Income Taxes			$	19,657					$	13,573

Schedule of Income before Income Tax, Domestic and Foreign

The components of income before taxes on income are as follows:

			Year Ended June 30
(Amounts in Thousands)			2021						2020						2019
United States			$	10,439					$	(6,117)					$	11,191
Foreign			59,615						31,274						27,294
Total income before taxes on income			$	70,054					$	25,157					$	38,485

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes is composed of the following items:

			Year Ended June 30
(Amounts in Thousands)			2021						2020						2019
Current Taxes:
Federal			$	3,921					$	(1,666)					$	872
Foreign			14,664						8,479						7,545
State			769						(29)						203
Total payable			$	19,354					$	6,784					$	8,620
Deferred Taxes:
Federal			$	(2,459)					$	99					$	67
Foreign			(2,598)						237						(1,177)
State			(1,199)						(1,138)						(603)
Valuation allowance			165						979						20
Total deferred			$	(6,091)					$	177					$	(1,693)
Total provision for income taxes			$	13,263					$	6,961					$	6,927

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory U.S. income tax rate to the Company’s effective income tax rate follows:

			Year Ended June 30
			2021												2020												2019
(Amounts in Thousands)			Amount						%						Amount						%						Amount						%
Tax computed at U.S. federal statutory rate			$	14,711					21.0		%				$	5,283					21.0		%				$	8,082					21.0		%
State income taxes, net of federal income tax benefit			(374)						(0.5)						(1,128)						(4.5)						(320)						(0.8)
Foreign tax rate differential			1,320						1.9						714						2.8						313						0.8
Impact of foreign exchange rates on foreign income taxes			(1,111)						(1.6)						867						3.4						156						0.4
Non-deductible goodwill impairment			—						—						388						1.5						—						—
Valuation allowance			165						0.2						979						3.9						20						0.1
Research credit			(996)						(1.4)						(1,056)						(4.2)						(627)						(1.6)
Deemed repatriation			—						—						—						—						(416)						(1.1)
Revaluation of net deferred tax assets			—						—						—						—						(10)						—
Global intangible low tax income			181						0.3						607						2.4						—						—
Other - net			(633)						(1.0)						307						1.4						(271)						(0.8)
Total provision for income taxes			$	13,263					18.9		%				$	6,961					27.7		%				$	6,927					18.0		%

Summary of Income Tax Contingencies

Changes in the unrecognized tax benefit, excluding accrued interest and penalties, during fiscal years 2021, 2020, and 2019 were as follows:

(Amounts in Thousands)			2021						2020						2019
Beginning balance - July 1			$	954					$	904					$	160
Tax positions related to prior fiscal years:
Additions			142						116						758
Reductions			—						—						—
Tax positions related to current fiscal year:
Additions			—						—						—
Reductions			—						—						—
Settlements			(8)						—						—
Lapses in statute of limitations			(76)						(66)						(14)
Ending balance - June 30			$	1,012					$	954					$	904
Portion that, if recognized, would reduce tax expense and effective tax rate			$	323					$	262					$	214

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Income Taxes [Abstract]

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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