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Note 17 - Summary of Quarterly Results (Unaudited) | 12 Months Ended
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Jun. 30, 2015
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information [Text Block] | NOTE 1 7 — SUMMARY OF QUARTERLY RESULTS (UNAUDITED)
|  | Quarter Ended |  |  | Fiscal |
(In thousands except per share data) |  | Sept. 30 |  |  | Dec. 31 |  |  | March 31 |  |  | June 30 |  |  | Year |
201 5 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 78,466 |  |  | $ | 84,715 |  |  | $ | 68,603 |  |  | $ | 76,073 |  |  | $ | 307,857 |
Gross profit |  |  | 18,608 |  |  |  | 20,555 |  |  |  | 16,305 |  |  |  | 18,981 |  |  |  | 74,449 |
Net income |  |  | 1,527 |  |  |  | 1,588 |  |  |  | 393 |  |  |  | 1,643 |  |  |  | 5,151 |
Earnings per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.06 |  |  | $ | 0.06 |  |  | $ | 0.02 |  |  | $ | 0.07 |  |  | $ | 0.21 |
Diluted |  | $ | 0.06 |  |  | $ | 0.06 |  |  | $ | 0.02 |  |  | $ | 0.07 |  |  | $ | 0.21 |
Range of share prices |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
High |  | $ | 8.49 |  |  | $ | 7.70 |  |  | $ | 9.17 |  |  | $ | 10.24 |  |  | $ | 10.24 |
Low |  | $ | 6.00 |  |  | $ | 5.61 |  |  | $ | 5.84 |  |  | $ | 8.02 |  |  | $ | 5.61 |
201 4 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 80,486 |  |  | $ | 76,123 |  |  | $ | 68,996 |  |  | $ | 73,858 |  |  | $ | 299,463 |
Gross profit |  |  | 19,122 |  |  |  | 16,757 |  |  |  | 13,715 |  |  |  | 15,704 |  |  |  | 65,298 |
Net income (loss) |  |  | 1,865 |  |  |  | 870 |  |  |  | (1,009 | ) |  |  | (796 | ) |  |  | 930 |
Earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.08 |  |  | $ | 0.04 |  |  | $ | (0.04 | ) |  | $ | (0.03 | ) |  | $ | 0.04 | (a)
Diluted |  | $ | 0.08 |  |  | $ | 0.04 |  |  | $ | (0.04 | ) |  | $ | (0.03 | ) |  | $ | 0.04 | (a)
Range of share prices |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
High |  | $ | 9.00 |  |  | $ | 9.60 |  |  | $ | 9.67 |  |  | $ | 8.78 |  |  | $ | 9.67 |
Low |  | $ | 6.65 |  |  | $ | 7.76 |  |  | $ | 7.54 |  |  | $ | 7.10 |  |  | $ | 6.65 |
201 3 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 74,719 |  |  | $ | 71,082 |  |  | $ | 66,152 |  |  | $ | 68,837 |  |  | $ | 280,790 |
Gross profit |  |  | 17,871 |  |  |  | 13,882 |  |  |  | 13,921 |  |  |  | 14,736 |  |  |  | 60,410 |
Net income (loss) |  |  | 1,830 |  |  |  | (2,450 | ) |  |  | (315 | ) |  |  | 812 |  |  |  | (123 | )
Earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.08 |  |  | $ | (0.10 | ) |  | $ | (0.01 | ) |  | $ | 0.03 |  |  | $ | (0.01 | )(a)
Diluted |  | $ | 0.08 |  |  | $ | (0.10 | ) |  | $ | (0.01 | ) |  | $ | 0.03 |  |  | $ | (0.01 | )(a)
Range of share prices |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
High |  | $ | 7.42 |  |  | $ | 7.38 |  |  | $ | 7.77 |  |  | $ | 8.46 |  |  | $ | 8.46 |
Low |  | $ | 6.19 |  |  | $ | 6.10 |  |  | $ | 6.80 |  |  | $ | 6.78 |  |  | $ | 6.10 |
(a) | 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.
At August 27, 2015, there were 508 shareholders of record. The Company believes this represents approximately 3,000 beneficial shareholders. LSI INDUSTRIES INC. SELECTED FINANCIAL DATA (In thousands except per share data) The following data has been selected from the Consolidated Financial Statements of the Company for the periods and dates indicated: Statement of Operations Data:
|  | 201 5 |  |  | 2014 |  |  | 2013 |  |  | 2012 |  |  | 2011 |
Net sales |  | $ | 307,857 |  |  | $ | 299,463 |  |  | $ | 280,790 |  |  | $ | 268,402 |  |  | $ | 293,501 |
Cost of products and services sold |  |  | 233,408 |  |  |  | 234,165 |  |  |  | 220,380 |  |  |  | 208,089 |  |  |  | 221,156 |
Loss on sale of a subsidiary |  |  | 565 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Gain on sale of a building |  |  | (343 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Selling and administrative expenses |  |  | 66,694 |  |  |  | 62,175 |  |  |  | 57,367 |  |  |  | 53,724 |  |  |  | 56,041 |
Goodwill and intangible asset impairment (a) |  |  | — |  |  |  | 805 |  |  |  | 2,413 |  |  |  | 258 |  |  |  | — |
Operating income (loss) |  |  | 7,533 |  |  |  | 2,318 |  |  |  | 630 |  |  |  | 6,331 |  |  |  | 16,304 |
Interest (income) |  |  | (26 | ) |  |  | (17 | ) |  |  | (47 | ) |  |  | (25 | ) |  |  | (43 | )
Interest expense |  |  | 45 |  |  |  | 68 |  |  |  | 62 |  |  |  | 165 |  |  |  | 180 |
Income (loss) before income taxes |  |  | 7,514 |  |  |  | 2,267 |  |  |  | 615 |  |  |  | 6,191 |  |  |  | 16,167 |
Income taxes |  |  | 2,363 |  |  |  | 1,337 |  |  |  | 738 |  |  |  | 2,967 |  |  |  | 5,339 |
Net income (loss) |  | $ | 5,151 |  |  | $ | 930 |  |  | $ | (123 | ) |  | $ | 3,224 |  |  | $ | 10,828 |
Earnings (loss) per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.21 |  |  | $ | 0.04 |  |  | $ | (0.01 | ) |  | $ | 0.13 |  |  | $ | 0.45 |
Diluted |  | $ | 0.21 |  |  | $ | 0.04 |  |  | $ | (0.01 | ) |  | $ | 0.13 |  |  | $ | 0.44 |
Cash dividends paid per share |  | $ | 0.12 |  |  | $ | 0.24 |  |  | $ | 0.36 |  |  | $ | 0.23 |  |  | $ | 0.20 |
Weighted average common shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 24,496 |  |  |  | 24,388 |  |  |  | 24,313 |  |  |  | 24,298 |  |  |  | 24,287 |
Diluted |  |  | 24,638 |  |  |  | 24,546 |  |  |  | 24,313 |  |  |  | 24,352 |  |  |  | 24,339 |
Balance Sheet Data: (At June 30)
|  | 2015 |  |  | 2014 |  |  | 2013 |  |  | 2012 |  |  | 2011 |
Working capital |  | $ | 83,967 |  |  | $ | 76,788 |  |  | $ | 76,703 |  |  | $ | 83,702 |  |  | $ | 84,524 |
Total assets |  |  | 182,379 |  |  |  | 169,888 |  |  |  | 169,179 |  |  |  | 175,226 |  |  |  | 176,021 |
Long-term debt, including current maturities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,099 |
Shareholders’ equity |  |  | 142,952 |  |  |  | 138,412 |  |  |  | 141,690 |  |  |  | 149,368 |  |  |  | 151,218 |
(a) | The Company recorded a significant impairment of goodwill and/or intangible assets in fiscal 2014 and 2013, and a minor impairment in fiscal 2012. See Note 6.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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