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v3.22.2.2

Note 2 - Acquisition of JSI Store Fixtures (Tables) | 12 Months Ended
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Jun. 30, 2022
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | May 21, 2021 as initially reported |  |  | Adjustments |  |  | May 21, 2021 as adjusted |
Cash and Cash Equivalents |  | $ | 4,067 |  |  |  |  |  |  | $ | 4,067 |
Account Receivable |  |  | 9,252 |  |  |  | (280 | ) |  |  | 8,972 |
Inventories |  |  | 9,898 |  |  |  |  |  |  |  | 9,898 |
Property, Plant and Equipment |  |  | 7,076 |  |  |  |  |  |  |  | 7,076 |
Other Assets |  |  | 7,440 |  |  |  | (2,062 | ) |  |  | 5,378 |
Intangible Assets |  |  | 45,760 |  |  |  |  |  |  |  | 45,760 |
Accounts Payable |  |  | (4,199 | ) |  |  |  |  |  |  | (4,199 | )
Accrued Liabilities |  |  | (8,434 | ) |  |  | (225 | ) |  |  | (8,659 | )
Deferred Tax Liability |  |  | (10,583 | ) |  |  | 1,925 |  |  |  | (8,658 | )
Identifiable Net Assets |  |  | 60,277 |  |  |  | (642 | ) |  |  | 59,635 |
Goodwill |  |  | 33,415 |  |  |  | 1,242 |  |  |  | 34,657 |
Net Purchase Consideration |  | $ | 93,692 |  |  | $ | 600 |  |  | $ | 94,292 |
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

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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