Document And Entity Information
Document And Entity Information - USD ($) $ in Billions | 12 Months Ended | ||
Jun. 30, 2019 | Aug. 23, 2019 | Dec. 31, 2018 | |
Document Information [Line Items] | |||
Entity Registrant Name | COLLECTORS UNIVERSE INC | ||
Entity Central Index Key | 0001089143 | ||
Trading Symbol | clct | ||
Current Fiscal Year End Date | --06-30 | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | true | ||
Entity Common Stock, Shares Outstanding (in shares) | 9,153,286 | ||
Entity Public Float | $ 0.1 | ||
Entity Shell Company | false | ||
Document Type | 10-K | ||
Document Period End Date | Jun. 30, 2019 | ||
Document Fiscal Year Focus | 2019 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Title of 12(b) Security | Common Stock |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2019 | Jun. 30, 2018 |
Current assets: | ||
Cash and cash equivalents | $ 19,225 | $ 10,581 |
Accounts receivable, net of allowance of $72 in 2019 and $80 in 2018 | 2,408 | 2,608 |
Inventories, net | 1,965 | 2,579 |
Prepaid expenses and other current assets | 1,400 | 1,965 |
Total current assets | 24,998 | 17,733 |
Property and equipment, net | 7,259 | 8,378 |
Goodwill | 2,083 | 2,083 |
Intangible assets, net | 2,329 | 2,319 |
Deferred income tax assets | 561 | 1,222 |
Other assets | 463 | 479 |
37,693 | 32,214 | |
Current liabilities: | ||
Accounts payable | 2,540 | 2,487 |
Accrued liabilities | 1,873 | 1,998 |
Accrued compensation and benefits | 4,095 | 3,401 |
Current portion of long-term debt | 750 | 562 |
Income taxes payable | 608 | 312 |
Deferred revenue | 3,428 | 3,213 |
Total current liabilities | 13,294 | 11,973 |
Deferred rent | 3,764 | 3,535 |
Long-Term Debt | 1,688 | 2,438 |
Commitments and contingencies (Note 13) | ||
Stockholders’ equity: | ||
Preferred stock, $.001 par value; 3,000 shares authorized; no shares issued or outstanding | ||
Common stock, $.001 par value; 20,000 shares authorized; shares outstanding: 9,153 in 2019 and 9,015 in 2018 | 9 | 9 |
Additional paid-in capital | 87,343 | 86,369 |
Accumulated deficit | (68,405) | (72,110) |
Total stockholders’ equity | 18,947 | 14,268 |
$ 37,693 | $ 32,214 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) shares in Thousands, $ in Thousands | Jun. 30, 2019 | Jun. 30, 2018 |
Accounts receivable, allowance | $ 72 | $ 80 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 3,000 | 3,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 20,000 | 20,000 |
Common stock, shares issued (in shares) | 9,153 | 9,015 |
Common stock, shares outstanding (in shares) | 9,153 | 9,015 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 | |
Grading, authentication and related services revenues | $ 72,453 | $ 68,449 | $ 70,158 |
Cost of grading, authentication and related services | 30,153 | 29,471 | 26,847 |
Gross profit | 42,300 | 38,978 | 43,311 |
Operating expenses: | |||
Selling and marketing expenses | 10,361 | 10,137 | 9,333 |
General and administrative expenses | 17,597 | 19,864 | 20,754 |
Total operating expenses | 27,958 | 30,001 | 30,087 |
Operating income | 14,342 | 8,977 | 13,224 |
Interest expense, net | (69) | (114) | (1) |
Other income (expense), net | (148) | 29 | 11 |
Income before provision for income taxes | 14,125 | 8,892 | 13,234 |
Provision for income taxes | 4,148 | 2,760 | 4,718 |
Income from continuing operations | 9,977 | 6,132 | 8,516 |
Income from discontinued operations, basic | 104 | (7) | |
Net income | $ 9,977 | $ 6,236 | $ 8,509 |
Net income per basic share | |||
Income from continuing operations, basic (in dollars per share) | $ 1.12 | $ 0.71 | $ 1 |
Income from discontinued operations, diluted (in dollars per share) | 0.01 | ||
Net income per share (in dollars per share) | 1.12 | 0.72 | 1 |
Net income per diluted share | |||
Income from continuing operations, diluted (in dollars per share) | 1.11 | 0.70 | 0.99 |
Income from discontinued operations, (net of income taxes) (in dollars per share) | 0.01 | ||
Net income per share (in dollars per share) | $ 1.11 | $ 0.71 | $ 0.99 |
Weighted average shares outstanding: | |||
Basic (in shares) | 8,937 | 8,662 | 8,480 |
Diluted (in shares) | 8,970 | 8,817 | 8,630 |
Dividends declared per common share (in dollars per share) | $ 0.70 | $ 1.05 | $ 1.40 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Jun. 30, 2016 | 8,898,000 | |||
Balance at Jun. 30, 2016 | $ 9 | $ 80,642 | $ (65,656) | $ 14,995 |
Stock-based compensation – restricted stock (in shares) | 23,000 | 10,000 | ||
Stock-based compensation – restricted stock | 4,025 | $ 4,025 | ||
Excess tax benefits related to stock-based compensation | 281 | 281 | ||
Net income | 8,509 | 8,509 | ||
Dividends paid and accrued | (11,893) | (11,893) | ||
Balance (in shares) at Jun. 30, 2017 | 8,921,000 | |||
Balance at Jun. 30, 2017 | $ 9 | 84,948 | (69,040) | $ 15,917 |
Stock-based compensation – restricted stock (in shares) | 94,000 | 5,000 | ||
Stock-based compensation – restricted stock | 1,421 | $ 1,421 | ||
Net income | 6,236 | 6,236 | ||
Dividends paid and accrued | (9,306) | (9,306) | ||
Balance (in shares) at Jun. 30, 2018 | 9,015,000 | |||
Balance at Jun. 30, 2018 | $ 9 | 86,369 | (72,110) | $ 14,268 |
Stock-based compensation – restricted stock (in shares) | 138,000 | 5,000 | ||
Stock-based compensation – restricted stock | 974 | $ 974 | ||
Net income | 9,977 | 9,977 | ||
Dividends paid and accrued | (6,272) | (6,272) | ||
Balance (in shares) at Jun. 30, 2019 | 9,153,000 | |||
Balance at Jun. 30, 2019 | $ 9 | $ 87,343 | $ (68,405) | $ 18,947 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | |||
Net income | $ 9,977,000 | $ 6,236,000 | $ 8,509,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
(Income) loss from discontinued operations | (104,000) | 7,000 | |
Depreciation and amortization expense | 2,812,000 | 2,306,000 | 1,665,000 |
Stock-based compensation expense | 974,000 | 1,421,000 | 4,025,000 |
Provision for bad debts | 8,000 | 33,000 | 45,000 |
Provision for inventory write-down | 178,000 | 502,000 | 244,000 |
Provision for warranty | 568,000 | 764,000 | 302,000 |
Loss on sale of property and equipment | 71,000 | 94,000 | 5,000 |
Changes in operating assets and liabilities: | |||
Accounts receivable | 188,000 | 1,001,000 | 223,000 |
Inventories | 437,000 | (359,000) | (1,132,000) |
Prepaid expenses and other | 641,000 | (305,000) | (388,000) |
Deferred income taxes | 661,000 | 1,642,000 | (354,000) |
Other assets | 15,000 | (66,000) | (172,000) |
Accounts payable and accrued liabilities | (433,000) | (815,000) | (1,125,000) |
Accrued compensation and benefits | 694,000 | (972,000) | 958,000 |
Income taxes payable | 296,000 | (353,000) | (118,000) |
Deferred revenue | 215,000 | 537,000 | 113,000 |
Deferred rent | 228,000 | 310,000 | (105,000) |
Net cash provided by operating activities of continuing operations | 17,530,000 | 11,872,000 | 12,702,000 |
Net cash used in operating activities of discontinued operations | (10,000) | (215,000) | (518,000) |
Net cash provided by operating activities | 17,520,000 | 11,657,000 | 12,184,000 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||
Capital expenditures | (915,000) | (3,923,000) | (1,410,000) |
Capitalized software development costs | (1,055,000) | (911,000) | (1,045,000) |
Proceeds from sale of property and equipment | 124,000 | 14,000 | |
Patents and other intangibles | (5,000) | (15,000) | |
Proceeds from sale of business | 12,000 | 6,000 | 57,000 |
Net cash used in investing activities | (1,834,000) | (4,819,000) | (2,413,000) |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||
(Repayments) borrowings under term loan | (563,000) | 3,000,000 | |
Dividends paid to common stockholders | (6,479,000) | (9,083,000) | (11,912,000) |
Net cash used in financing activities | (7,042,000) | (6,083,000) | (11,912,000) |
Increase (decrease) in cash and cash equivalents | 8,644,000 | 755,000 | (2,141,000) |
Cash and cash equivalents at beginning of year | 10,581,000 | 9,826,000 | 11,967,000 |
Cash and cash equivalents at end of year | 19,225,000 | 10,581,000 | 9,826,000 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||
Income taxes paid, net | 2,852,000 | 1,805,000 | 5,187,000 |
Interest paid | 157,000 | 108,000 | 39,000 |
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING ACTIVITIES: | |||
Leasehold Improvements contributed by landlord (see note 4) | $ 2,949,000 |
Note 1 - Nature of Business
Note 1 - Nature of Business | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | 1. Nature of Business Collectors Universe, Inc. (“we,” “us,” the “Company,” “we”, “Collectors Universe” or “CUI”) is engaged in the business of providing third |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). Principles of Consolidation The accompanying consolidated financial statements include the accounts of Collectors Universe, Inc. and its wholly owned subsidiaries. At June 30, 2019, 100% Reclassification Certain prior period amounts have been reclassified to conform to the current year presentation. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions that can affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results from continuing operations could differ from results expected on the basis of those estimates, and such differences could be material to our future results of operations and financial condition. Examples of such estimates that could be material include determinations made with respect to the capitalization and recovery of software development costs, the valuation of stock-based compensation awards and the timing of the recognition of related stock-based compensation expense, the valuation of coin and grading consumable inventory, the amount and assessment of goodwill for impairment, the sufficiency of warranty reserves, and the provisions or benefit for income taxes and the timing of related valuation allowances. Cash and Cash Equivalents We consider all highly liquid investments with original maturities of three At June 30, 2019, one $16,245,000 June 30, 2019. $1,839,000 June 30, 2019, $1,238,000 Concentrations Credit Risks. June 30, 2019 2018 Cash Balances. June 30, 2019 2018, $14,768,000 $6,629,000 June 30, 2019 2018, $4,457,000 $3,952,000 Accounts Receivable. 11% June 30, 2019 2018. may $72,000 $80,000 June 30, 2019 June 30, 2018, no Customers. 57%, 63%, 68% June 30, 2019, 2018 2017, 36%, 31% 25% June 30, 2019, 2018 2017, 2019, 2018 2017, five 11% 16%, 18% Suppliers one Fair Value of Financial Instruments The carrying value of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their estimated fair values due to the short-term nature of such instruments. Revenue Recognition Effective, July 1, 2018, 606, 606 606, five five 1 2 3 4 5 606 606 not Our primary source of revenue is the authentication and grading of collectibles, which accounted for about 88% 2019, 2018 2017, 5% 606 Authentication and Grading Revenues: Warranty Costs Collectors Club Revenues: 606 Certified Coin Exchanges Subscription Revenues: Expos Trade Show Revenue: Advertising and Commission Revenues: 30 third Coin Sales: not Contract Balances. 2019, $3,213,000 June 30, 2018. Shipping and Handling Costs Shipping and handling costs incurred to process and return customer collectibles submitted to us for grading or authentication are recorded as costs of revenues, net of amounts received from customers, in accordance with the guidance for Principals versus Agents as set out in ASC 606. Inventories Our inventories consist primarily of (i) collectible coin inventories, and (ii) consumable supplies that we use in our authentication and grading businesses. Collectible coin inventories are recorded at estimated market value using the specific identification method. Consumable supplies are recorded at the lower of cost (using the first first $1,278,000 $1,214,000 June 30, 2019 2018, Property and Equipment Property and equipment are stated at cost. Depreciation and amortization are provided using the straight-line method over the estimated useful lives ranging from three five Goodwill and Other Intangible Assets The Company evaluates the carrying value of its goodwill and certain indefinite-lived intangible assets at least annually for impairment, or more frequently if facts and circumstances indicate that impairment may not two first No three June 30, 2019. Capitalized Software Software development costs are capitalized as part of intangible assets and amortized on a straight-line basis over its useful life of three June 30, 2019 2018, $7,292,000 $6,236,000 $5,334,000 $4,442,000, 2019, 2018 2017, $892,000, $701,000, $480,000, Long-Lived Assets The Company regularly reviews property and equipment and other long-lived assets, including certain identifiable intangibles, for possible impairment. This review occurs annually, or more frequently if events or changes in circumstances indicate that the carrying amount of the asset may not June 30, 2011, July 1, 2011; 10 No 2019, 2018 2017. Warranty Costs We offer a warranty covering the coins and trading cards that we authenticate and grade. Under the warranty, if any coin or trading card that was previously authenticated and graded by us is later submitted to us for re-grading and either (i) receives a lower grade upon that re-submittal or (ii) is determined not not $568,000, $764,000 $302,000 2019, 2018 2017, $852,000 $862,000 June 30, 2019 2018, Advertising Costs Advertising costs are expensed as incurred and amounted to approximately $260,000, $286,000, $328,000 June 30, 2019, 2018 2017, Income Taxes Deferred tax assets and liabilities are recorded for the future consequences of events that have been recognized in the Company’s financial statements or tax returns. Measurement of the deferred tax items is based on enacted tax laws. In the event the future consequences of differences between financial reporting bases and tax bases of the Company’s assets or liabilities result in a deferred tax asset, we evaluate the probability of realizing the future benefits comprising that asset and record a valuation allowance if considered necessary. Accounting standards prescribe a recognition threshold and a measurement attribute for the financial statement recognition and measurement of the positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not not" fifty Foreign Currency The Company has determined that the U.S. dollar is the functional currency for its French branch office and its Hong Kong, Japan and China subsidiaries. Based on this determination, the Company’s foreign operations are re-measured by reflecting the financial results of those foreign operations as if they had taken place within a U.S. dollar-based economic environment. Fixed assets and other non-monetary assets and liabilities are re-measured from foreign currencies to U.S. dollars at historical exchange rates; whereas cash, accounts receivable and other monetary assets and liabilities are re-measured at current exchange rates. Gains and losses resulting from those re-measurements, which are included in income for the respective current periods, were not Stock-Based Compensation Stock-based compensation expense is measured at the grant date fair value of an equity-incentive award, and is recognized as expense over the employee or non-employee director’s requisite service period, which is generally the vesting period of the award. However, if the vesting of a stock-based compensation award is subject to satisfaction of a performance goal or condition, the stock-based compensation expense is recognized if, and when, it is determined that the achievement of the performance requirement or condition (and therefore the vesting of the award) has become probable. If stock-based compensation is recognized due to a determination that a performance goal or condition is probable of being achieved, but it is subsequently determined that the performance goal or condition was not not Net Income Per Share Basic net income per share is computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding during the periods presented. Diluted net income per share is computed by dividing net income attributable to common stockholders by the weighted-average number of common and common equivalent shares outstanding during the period presented assuming the vesting of all outstanding restricted shares. However, anti-dilutive restricted shares and performance based restricted shares, for which the performance goal has not The following table sets forth the computation of basic and diluted net income (loss) per common share (in thousands except per share data): Year Ended June 30, 201 9 201 8 201 7 Income from continuing operations $ 9,977 $ 6,132 $ 8,516 Income (loss) from discontinued operations (net of income taxes) - 104 (7 ) Net income $ 9,977 $ 6,236 $ 8,509 Net income per basic share: From continuing operations $ 1.12 $ 0.71 $ 1.00 From discontinued operations (net of income taxes) - 0.01 - Net income per share $ 1.12 $ 0.72 $ 1.00 Net income per diluted share: From continuing operations $ 1.11 $ 0.70 $ 0.99 From discontinued operations (net of income taxes) - 0.01 - Net income per share $ 1.11 $ 0.71 $ 0.99 Weighted-average shares outstanding: Basic 8,937 8,662 8,480 Effect of dilutive shares 33 155 150 Diluted 8,970 8,817 8,630 There were approximately 5,000 29,000 June 30, 2019 2018, At June 30, 2019 2018 30,000 40,000 not June 30, 2017, no 2013 Recent Accounting Pronouncements In February 2016, 2016 02 Accounting for Leases 12 not first 2020 $10.0 July 1, 2019, $2.3 $7.7 not In June 2016, 2016 13, Financial Instruments-Credit Losses (Topic 326 2016 13, 326 not 326 December 15, 2019, December 15, 2018. 326 not In January 2017, 2017 04, Simplifying the Test for Goodwill Impairment 2 not December 9, 2019. not |
Note 3 - Inventories
Note 3 - Inventories | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | 3 . Inventories Inventories consist of the following at June 30 ( 201 9 201 8 Coins $ 173 $ 490 Grading raw materials consumable inventory 3,070 3,303 3,243 3,793 Less inventory reserve (1,278 ) (1,214 ) $ 1,965 $ 2,579 The inventory reserve represents a valuation allowance on certain items of our coins inventory based on the current market value of those coins and for our consumables inventories, based upon our review of the expected future usage of that inventory. Estimated market values of coins can be subjective and can vary depending on market conditions for precious metals, the number of qualified buyers for a particular coin and the uniqueness and special features of a particular coin. |
Note 4 - Property and Equipment
Note 4 - Property and Equipment | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 4 . Property and Equipment Property and equipment consist of the following at June 30 ( 201 9 201 8 Coin reference sets $ 68 $ 263 Computer hardware and equipment 2,325 2,075 Computer software 1,606 1,531 Equipment 5,131 4,661 Furniture and office equipment 944 925 Leasehold improvements 4,741 4,711 Trading card reference library 52 52 14,867 14,218 Less accumulated depreciation and amortization (7,608 ) (5,840 ) Property and equipment, net $ 7,259 $ 8,378 Depreciation and amortization expense relating to property and equipment for fiscal 2019, 2018 2017 $1,839,000, $1,527,000, $1,069,000, Leasehold improvements at June 30, 2019 $4,144,000 $2,949,000 |
Note 5 - Goodwill and Intangibl
Note 5 - Goodwill and Intangible Assets | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | 5. Goodwill and Intangible Assets During the first 2019, no In fiscal 2011, 10 June 30, 2019, no The following table sets forth the carrying values of goodwill for those acquired businesses that are classified as continuing operations as of June 30 ( 201 9 201 8 CoinFacts $ 515 $ 515 Expos Unlimited 458 458 CCE 1,110 1,110 $ 2,083 $ 2,083 Approximately $1.0 June 30, 2019 2018, 15 The following table sets forth, by asset class, the amounts classified as other intangible assets, net, on the consolidated balance sheets as of June 30, 2019 2018 As of June 30, 201 9 As of June 30, 201 8 Gross Book Value Accumulated Amortization Net Book Value Gross Book Value Accumulated Amortization Net Book Value Amortized Intangible Assets: CUI: Coinflation.com website $ 740 $ (740 ) $ - $ 740 $ (740 ) $ - Patents and Trademarks 63 (40 ) 23 136 (33 ) 103 803 (780 ) 23 876 (773 ) 103 Expos Unlimited: Auctioneer relationships 150 (150 ) - 150 (150 ) - Covenant not to compete 130 (130 ) - 130 (130 ) - Customer database 230 (230 ) - 230 (230 ) - Tradename 280 (224 ) 56 280 (196 ) 84 790 (734 ) 56 790 (706 ) 84 CCE: Customer lists 676 (623 ) 53 676 (577 ) 99 Capitalized Software 7,292 (5,334 ) 1,958 6,236 (4,442 ) 1,794 Indefinite life Intangible Assets: CCE:Tradename 39 - 39 39 - 39 CCE:CoinNexus(IQ) 200 - 200 200 - 200 $ 9,800 $ (7,471 ) $ 2,329 $ 8,817 $ (6,498 ) $ 2,319 Amortization expense was $973,000, $779,000, $600,000, June 30, 2019, 2018 2017, five Fiscal Year Ending June 30, 2020 $ 1,111 2021 800 2022 375 2023 4 2024 - Thereafter - $ 2,290 The weighted average amortization period remaining as of June 30, 2019, 2.3 Intangible assets with finite lives are being amortized on a straight-line basis over their estimated useful lives, as follows: CUI CCE Expos Capitalized Software (in years) Purchased website 5 - - - Patents and tradenames 10 - - - Customer relationships - 15 10 - Covenant not to compete - - 8 - Auctioneer relationships - - 10 - Tradename - - 10 - Capitalized software - - - 3 |
Note 6 - Accrued Liabilities
Note 6 - Accrued Liabilities | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | 6 . Accrued Liabilities Accrued liabilities consisted of the following at June 30 ( 201 9 201 8 Warranty reserve $ 852 $ 862 Professional fees 141 151 Other 880 985 $ 1,873 $ 1,998 Warranty reserve activity and balances related to fiscal years 2019, 2018 2017, Warranty reserve at June 30, 2016 $ 892 Charged to cost of revenues 302 Payments (360 ) Warranty reserve at June 30, 2017 834 Charged to cost of revenues 764 Payments (736 ) Warranty reserve at June 30, 2018 862 Charged to cost of revenues 568 Payments (578 ) Warranty reserve at June 30, 2019 $ 852 |
Note 7 - Borrowings
Note 7 - Borrowings | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 7. Borrowings Term Loan . September 15, 2017 five $3,500,000 $3,000,000 first In September 2018, four $3,000,000. October 2018, 48 $62,500 $750,000 September 2022. no 90 four The agreement governing the term loan contains two may not At June 30, 2019, $2,438,000 $750,000 $1,688,000 June 30, 2019. June 30, 2019. Revolving Credit Line January 10, 2017 three $10 may may one may not $10 30 no may, may Credit Line borrowings will bear interest, at the Company’s option, at LIBOR plus 2.25% 0.25% 0.0625% $4 The Credit Line agreement contains a financial covenant that requires the Company to maintain a funded debt coverage ratio and certain other covenants typical for this type of revolving credit line. At June 30, 2019 $3 first 2018. no 2019 June 30, 2019. |
Note 8 - Taxes
Note 8 - Taxes | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 8 . Taxes For fiscal years ended June 30, 2019, 2018 2017, 201 9 201 8 201 7 Domestic operations $ 15,691 $ 8,015 $ 12,388 Foreign operations (1,566 ) 877 846 $ 14,125 $ 8,892 $ 13,234 Set forth below is the (benefit) provision for income taxes for continuing operations for the years ended June 30 ( 201 9 201 8 201 7 Current: Federal $ 2,951 $ 816 $ 4,623 State 251 44 552 International 285 258 178 3,487 1,118 5,353 Deferred: Federal 193 1,470 (492 ) State 378 157 (58 ) International 90 15 (85 ) 661 1,642 (635 ) Total provision for income taxes $ 4,148 $ 2,760 $ 4,718 The reconciliation of the provision (benefit) for income taxes computed at federal statutory rates to the provision for income taxes for the years ended June 30 201 9 201 8 201 7 Provision at federal statutory rates $ 2,966 $ 2,530 $ 4,632 State income taxes, net 497 142 321 Permanent Differences 130 246 135 International, including change in valuation allowances 590 127 (134 ) Other (55 ) 25 (236 ) Impact of federal law change - 280 - Deficiency (Excess) tax deduction for stock compensation 20 (590 ) - $ 4,148 $ 2,760 $ 4,718 Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of deferred taxes as of June 30, 2019 2018 201 9 201 8 Deferred tax assets: Stock compensation costs $ 256 $ 897 Reserves and accruals 1,771 1,608 Net operating loss carryforward 1,409 816 Credits 394 591 Other 132 86 3,962 3,998 Less: valuation allowance (1,669 ) (817 ) Total deferred tax assets 2,293 3,181 Deferred tax liabilities: Property and equipment (1,237 ) (1,549 ) Intangibles (333 ) (236 ) Other (162 ) (174 ) Total deferred tax liabilities (1,732 ) (1,959 ) Net deferred tax assets $ 561 $ 1,222 The Tax Cuts and Jobs Act (“the Tax Act”) significantly revised the U.S. corporate income tax laws by, among other things, reducing the corporate income tax rate from 35% 21% one The Company completed the accounting for the tax effects of the Tax Act at June 30, 2018. 2019 21% 2018 28%, 2018, six 2018 one $281,000. $384,000 21%, one $103,000 Realization of the above gross deferred tax assets is dependent on generating sufficient taxable income in future periods and, in the case of the net operating losses, we must generate sufficient income primarily in China, France, Hong Kong and Japan. For the California Enterprise Zone Credits, we must continue to generate taxable income in the California Enterprise Zone. The valuation allowances of $1,669,000 $817,000 June 30, 2019 2018, $581,000 June 30, 2019. The Company files income tax returns in the U.S. federal jurisdiction, various states and overseas in France, Hong Kong, China and Japan and has open tax periods for federal income taxes for the years ended June 30, 2016 June 30, 2018 June 30, 2000 June 30, 2018. As of June 30, 2019, June 30, 2018, $499,000 $749,000, June 30, 2017) 2025. $2,007,000, $1,287,000, $195,000 $2,262,000, five ten 2023 2029. As of June 30, 2019, $458,000, $165,000. $374,000 A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows (in thousands): Unrecognized tax benefits balance at June 30, 2017 $ 288 Gross increases for tax positions of prior years - Gross decreases for tax positions of prior years - Gross increases for tax positions of current year - Settlements - Lapse of statute of limitations - Unrecognized tax benefits balance at June 30, 2018 288 Gross increases for tax positions of prior years - Gross decreases for tax positions of prior years - Gross increases for tax positions of current year - Settlements - Lapse of statute of limitations - Unrecognized tax benefits balance at June 30, 2019 $ 288 The liability for uncertain tax positions is reviewed quarterly and adjusted as events occur that affect potential liabilities for additional taxes, such as lapsing of applicable statutes of limitations, proposed assessments by tax authorities, negotiations with taxing authorities, identification of new issues, and enactment of new legislation, regulations or promulgation of new case law. We believe that adequate amounts of tax and related interest, if any, have been provided for any adjustments that may not The Company has analyzed the impact of the provisions of the Tax Reform Act which will be effective in future years. The Company’s selection of an accounting policy with respect the Global Intangible Low-Taxed Income (“GILTI”) tax rules is to treat the GILTI tax as a period cost. |
Note 9 - Employee Benefit Plans
Note 9 - Employee Benefit Plans | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | 9 . Employee Benefit Plans We have an employee benefit plan that contains a 401 75% not |
Note 10 - Stockholders' Equity
Note 10 - Stockholders' Equity | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 1 0 . Stockholders’ Equity Dividends During the fiscal years ended June 30, 2019, 2018 2017, $6,479,000, $9,083,000, $11,912,000, In February 2018, $0.175 $0.35 The declaration of cash dividends in the future, pursuant to the Company’s dividend policy, is subject to final determination each quarter by the Board of Directors based on a number of factors, including the Company’s financial performance and its available cash resources, its cash requirements and alternative uses of cash that the Board may Stock Buyback Program On December 6, 2005, $10,000,000 no 2017, 2019. |
Note 11 - Stock Incentive Plans
Note 11 - Stock Incentive Plans | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 1 1 . Stock Incentive Plans On October 3, 2017, December 5, 2017, 2017 “2017 400,000 2017 308,670 Restricted Shares Annual Non-Employee Director Grants. 2019, 2018, 2017, $45,000, $180,000 2019, $315,000 2018, $270,000 2017. 2019, four seven 2018. Other Service- B ased A wards. 2019, 2018 2017 5,000, 5,000 10,000 $111,000, $83,000 $209,000 three four 2013 “2013 As previously reported, based on the financial results achieved in fiscal 2017, 2013 2017. 2013 50% 2013 50% June 30, 2018. 2013 $503,000, $3,661,000 2018 2017, Restricted Stock Awards: 2019 2018 Retention Restricted Service Shares To create incentives for the officers and other key employees (“LTIP Participants”) to remain in the Company's service, RSUs were granted to them as follows: One Time Grant 17,505 December 2017, two June 30, 2019 2018, Annual Grants 44,763 16,731 2019 2018, three If a Participant's continuous service with the Company ceases, for any reason whatsoever, including a termination of the Participant’s employment with or without cause, prior to any vesting date or dates, the then unvested RSUs will be forfeited. Fiscal 2018 To create incentives for the LTIP Participants to drive significant improvements in the Company’s operating results during the three June 30, 2020 December 2017, 30,370 To date, no 30,370 not June 30, 2019, 2020. Fiscal 2019 To create incentives for the LTIP Participants to focus their efforts on the achievement of increases in net cash flows (defined as net cash generated by the Company’s continuing activities, minus capital expenditures and capitalized software costs), during the three June 30, 2021, ( 2019, 89,542 June 30, 2019, 2020 2021, 20% 2000 2019 2020 2021 For any of the PSUs to vest, a Participant must provide continuous service through June 30, 2021 one $80,000 2019 2019. The following table shows total stock-based compensation expense included as part of continuing operations in the Consolidated Statements of Operations, as follows (in thousands): Year Ended June 30, Included in: 201 9 201 8 201 7 Selling and marketing expenses 70 98 72 General and administrative expenses 904 1,323 3,953 $ 974 $ 1,421 $ 4,025 A total of $1,103,000 June 30, 2019. 2020, Year Ending June 30, 2020 $ 647 2021 388 2022 43 2023 25 Total $ 1,103 The $1,103,000 not may 2018 2019 2020 2021. The following table presents the non-vested status of the restricted shares for the fiscal years ended June 30, 2019, 2018 2017 Non-Vested Shares: Number of Shares (in thousands) Weighted Average Grant-Date Fair Value (per share) Non-vested at June 30, 2016 426 $ 13.32 Granted 22 20.94 Vested (17 ) 18.90 Non-vested at June 30, 2017 431 13.97 Granted 100 29.43 Vested (442 ) 14.13 Cancelled (6 ) 28.97 Non-vested at June 30, 2018 83 28.23 Granted 162 13.28 Vested (40 ) 20.85 Cancelled (24 ) 23.63 Non-vested at June 30, 2019 181 $ 17.11 |
Note 12 - Related-party Transac
Note 12 - Related-party Transactions | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 1 2 . Related-Party Transactions DHRCC, which is wholly owned by David Hall (who was our President, and director and a holder of approximately 5% 2019, 2018 2017, $77,000, $82,900, $84,200 2019, 2018 2017, During fiscal years 2019, 2018 2017, $25,500, $25,500, $25,500, $9,100, $7,800, $16,800, $2,000, $7,800, $2,800, 2019, 2018, 2017, $5,800, $2,600, $4,400, $6,900, three June 30, 2019. An adult member of Mr. Hall’s immediate family (who does not $1,166,000, $1,938,000, $2,191,000 2019, 2018, 2017 $52,000 $127,000 June 30, 2019 2018, The grading fees charged by the Company to these individuals were comparable to the fees charged by the Company in the ordinary course of business to unaffiliated customers for similar services. |
Note 13 - Commitments and Conti
Note 13 - Commitments and Contingencies | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Contingencies Disclosure [Text Block] | 1 3 . Commitments and Contingencies Leases The Company has various operating lease commitments for facilities and equipment some of which contain renewal options. On February 3, 2017, 62,755 10 10 December 1, 2017. January 1, 2018 October 31, 2018. $2.9 June 30, 2019 $13.2 We also lease offices for our overseas operations including a five November 2017, $3.0 three July 2018, $625,000. The Company’s rent expense for its existing occupied facilities is recognized on a straight-line basis over the lease period. Total rent expense for the fiscal years ended June 30, 2019, 2018 2017 $2,366,000, $2,401,000, $2,242,000, Future minimum lease payments under those agreements associated with our continuing operations at June 30, 2019, Year Ending June 30, Gross Amount 2020 $ 2,457 2021 2,424 2022 2,044 2023 1,660 2024 1,465 Thereafter 6,535 $ 16,585 Employment Agreements The Company has entered into employment agreements with certain executive officers and other key employees. The employment agreements provide for minimum salary levels, incentive compensation and severance benefits, among other items. Indemnification Obligations The Company from time to time enters into certain types of contracts that contingently require the Company to indemnify parties against third may may not not no Legal Proceedings The Company is named from time to time, as a defendant in lawsuits that arise in the ordinary course of business. We establish accruals for lawsuits or disputes if and when it is determined that a loss is both probable and can be reasonably estimated. Accruals can be adjusted from time to time, in light of additional or changed information. We currently believe that none |
Note 14 - Business Segments
Note 14 - Business Segments | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 1 4 . Business Segments The operating segments of the Company are organized based on the respective services that they offer to customers of the Company. Similar operating segments have been aggregated to reportable operating segments based on having similar services, types of customers, and other criteria. For our continuing operations, we operate principally in three We allocate operating expenses to each service segment based upon activity levels. The following tables set forth on a business segment basis, (i) external revenues, (ii) amortization and depreciation; (iii) stock-based compensation expense as significant other non-cash transactions; and (iv) operating income for the fiscal years ended June 30, 2019, 2018 2017. June 30, 2019 2018. Year Ended June 30, Net Revenues from external customers (1) 201 9 201 8 201 7 Coins $ 41,394 $ 42,838 $ 47,545 Trading cards and autographs 26,420 21,065 17,926 Other 4,639 4,546 4,687 Total revenue $ 72,453 $ 68,449 $ 70,158 Depreciation and Amortization: Coins $ 1,360 $ 954 $ 627 Trading cards and autographs 581 394 205 Other 428 562 536 Total 2,369 1,910 1,368 Unallocated amortization and depreciation 443 396 297 Consolidated amortization and depreciation $ 2,812 $ 2,306 $ 1,665 Stock-based compensation: Coins $ 143 $ 385 $ 982 Trading cards and autographs 33 63 476 Other 32 63 318 Total 208 511 1,776 Unallocated stock-based compensation 766 910 2,249 Consolidated stock-based compensation $ 974 $ 1,421 $ 4,025 Operating income: Coins $ 10,536 $ 9,051 $ 15,180 Trading cards and autographs 7,841 5,540 4,303 Other 1,283 1,190 805 Total 19,660 15,781 20,288 Unallocated operating expenses (5,318 ) (6,804 ) (7,064 ) Consolidated operating income $ 14,342 $ 8,977 $ 13,224 ( 1 Includes revenues of $7.6 $11.1 $9.4 2019, 2018 2017, At June 30, Identifiable Assets: 201 9 20 1 8 Coins $ 9,398 $ 10,905 Trading cards and autographs 3,753 3,877 Other 2,468 2,944 Total 15,619 17,726 Unallocated assets 22,074 14,488 Consolidated assets $ 37,693 $ 32,214 Goodwill: Coins $ 515 $ 515 Other 1,568 1,568 Consolidated goodwill $ 2,083 $ 2,083 |
Note 15 - Quarterly Results (Un
Note 15 - Quarterly Results (Unaudited) | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Quarterly Financial Information [Text Block] | 1 5 . Quarterly Results (unaudited) The following table sets forth the unaudited consolidated financial results for quarterly periods in fiscal years 2019 2018: Quarterly Results of Operations Quarter Ended (In thousands, except per share data) Sept. 30, Dec.31, 2017 Mar.31, June 30, 2018 Sept. 30, 2018 Dec. 31, 2018 Mar. 31, 2019 June 30, 2019 Statement of Operations Data: Net revenues $ 19,753 $ 14,063 $ 17,512 $ 17,121 $ 17,495 $ 15,704 $ 19,471 $ 19,783 Cost of revenue 7,450 6,476 7,818 7,727 7,202 6,953 7,827 8,171 Gross profit 12,303 7,587 9,694 9,394 10,293 8,751 11,644 11,612 Operating Expenses: SG&A expense 7,781 7,347 7,708 7,165 7,466 6,537 6,879 7,076 Operating income 4,522 240 1,986 2,229 2,827 2,214 4,765 4,536 Interest and other income (expense), net 31 (41 ) 116 (191 ) 3 (145 ) (4 ) (71 ) Income before provision for income taxes 4,553 199 2,102 2,038 2,830 2,069 4,761 4,465 Provision for income taxes (i) 919 129 630 1,082 699 588 1,202 1,659 Income from continuing operations 3,634 70 1,472 956 2,131 1,481 3,559 2,806 Income (loss) from discontinued operations, (net of income taxes) (1 ) 89 2 14 - - - - Net income $ 3,633 $ 159 $ 1,474 970 $ 2,131 $ 1,481 $ 3,559 $ 2,806 Net income per basic share: From continuing operations $ 0.42 $ 0.01 $ 0.17 $ 0.11 $ 024 $ 0.17 $ 0.40 $ 0.31 From discontinued operations, (net of income taxes) - 0.01 - - - - - - Net income per share $ 0.42 $ 0.02 $ 0.17 $ 0.11 $ 0.24 $ 0.17 $ 0.40 $ 0.31 Net income per diluted share: From continuing operations $ 0.41 $ 0.01 $ 0.17 $ 0.11 $ 0.24 $ 0.17 $ 0.40 $ 0.31 From discontinued operations, (net of income taxes) - 0.01 - - - - - - Net income per share $ 0.41 $ 0.02 $ 0.17 $ 0.11 $ 0.24 $ 0.17 $ 0.40 $ 0.31 Weighted average shares outstanding Basic 8,573 8,699 8,703 8,709 8,933 8,936 8,938 8,943 Diluted 8,765 8,923 8,902 8,715 8,962 8,947 8,966 9,004 (i) The higher effective tax rate (“ETR”), in the fourth 2018, 21%, fourth 2019, June 30, 2019. |
Note 16 - Subsequent Events
Note 16 - Subsequent Events | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 1 6 . Subsequent Event s Dividends On July 23, 2019, $0.175 first 2020. August 30, 2019 August 16, 2019. |
Schedule II - Valuation and Qua
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] | Schedule II Valuation and Qualifying Accounts Balance at Charged to Charged to Charged (Credited) Net Balance Beginning Operating Cost of to Tax (Deductions) at End Description of Period Expenses Revenues Provision Recovery of Period Allowance for doubtful accounts Year ended June 30, 2017 $ 35,000 $ 43,000 $ - $ - $ (1,000 ) $ 77,000 Year ended June 30, 2018 $ 77,000 $ 33,000 $ - $ - $ (30,000 ) $ 80,000 Year ended June 30, 2019 $ 80,000 $ 8,000 $ - $ - $ (16,000 ) $ 72,000 Inventory Reserve Year ended June 30, 2017 $ 739,000 $ - $ 245,000 $ - $ (7,000 ) $ 977,000 Year ended June 30, 2018 $ 977,000 $ - $ 502,000 $ - $ (265,000 ) $ 1,214,000 Year ended June 30, 2019 $ 1,214,000 $ - $ 178,000 $ - $ (114,000 ) $ 1,278,000 Valuation allowances for deferred tax assets Year ended June 30, 2017 $ 871,000 $ - $ - $ (162,000 ) $ - $ 709,000 Year ended June 30, 2018 $ 709,000 $ - $ - $ 108,000 $ - $ 817,000 Year ended June 30, 2019 $ 817,000 $ - $ - $ 852,000 $ - $ 1,669,000 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Jun. 30, 2019 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation The accompanying consolidated financial statements include the accounts of Collectors Universe, Inc. and its wholly owned subsidiaries. At June 30, 2019, 100% |
Reclassification, Policy [Policy Text Block] | Reclassification Certain prior period amounts have been reclassified to conform to the current year presentation. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions that can affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results from continuing operations could differ from results expected on the basis of those estimates, and such differences could be material to our future results of operations and financial condition. Examples of such estimates that could be material include determinations made with respect to the capitalization and recovery of software development costs, the valuation of stock-based compensation awards and the timing of the recognition of related stock-based compensation expense, the valuation of coin and grading consumable inventory, the amount and assessment of goodwill for impairment, the sufficiency of warranty reserves, and the provisions or benefit for income taxes and the timing of related valuation allowances. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents We consider all highly liquid investments with original maturities of three At June 30, 2019, one $16,245,000 June 30, 2019. $1,839,000 June 30, 2019, $1,238,000 |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentrations Credit Risks. June 30, 2019 2018 Cash Balances. June 30, 2019 2018, $14,768,000 $6,629,000 June 30, 2019 2018, $4,457,000 $3,952,000 Accounts Receivable. 11% June 30, 2019 2018. may $72,000 $80,000 June 30, 2019 June 30, 2018, no Customers. 57%, 63%, 68% June 30, 2019, 2018 2017, 36%, 31% 25% June 30, 2019, 2018 2017, 2019, 2018 2017, five 11%, 16%, 18% Suppliers one |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments The carrying value of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their estimated fair values due to the short-term nature of such instruments. |
Revenue [Policy Text Block] | Revenue Recognition Effective, July 1, 2018, 606, 606 606, five five 1 2 3 4 5 606 606 not Our primary source of revenue is the authentication and grading of collectibles, which accounted for about 88% 2019, 2018 2017, 5% 606 Authentication and Grading Revenues: Warranty Costs Collectors Club Revenues: 606 Certified Coin Exchanges Subscription Revenues: Expos Trade Show Revenue: Advertising and Commission Revenues: 30 third Coin Sales: not Contract Balances. 2019, $3,213,000 June 30, 2018. |
Cost of Goods and Services Sold, Shipping and Handling Cost, Policy [Policy Text Block] | Shipping and Handling Costs Shipping and handling costs incurred to process and return customer collectibles submitted to us for grading or authentication are recorded as costs of revenues, net of amounts received from customers, in accordance with the guidance for Principals versus Agents as set out in ASC 606. |
Inventory, Policy [Policy Text Block] | Inventories Our inventories consist primarily of (i) collectible coin inventories, and (ii) consumable supplies that we use in our authentication and grading businesses. Collectible coin inventories are recorded at estimated market value using the specific identification method. Consumable supplies are recorded at the lower of cost (using the first first $1,278,000 $1,214,000 June 30, 2019 2018, |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment Property and equipment are stated at cost. Depreciation and amortization are provided using the straight-line method over the estimated useful lives ranging from three five |
Goodwill and Intangible Assets, Policy [Policy Text Block] | Goodwill and Other Intangible Assets The Company evaluates the carrying value of its goodwill and certain indefinite-lived intangible assets at least annually for impairment, or more frequently if facts and circumstances indicate that impairment may not two first No three June 30, 2019. |
Research, Development, and Computer Software, Policy [Policy Text Block] | Capitalized Software Software development costs are capitalized as part of intangible assets and amortized on a straight-line basis over its useful life of three June 30, 2019 2018, $7,292,000 $6,236,000 $5,334,000 $4,442,000, 2019, 2018 2017, $892,000, $701,000, $480,000, |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Long-Lived Assets The Company regularly reviews property and equipment and other long-lived assets, including certain identifiable intangibles, for possible impairment. This review occurs annually, or more frequently if events or changes in circumstances indicate that the carrying amount of the asset may not June 30, 2011, July 1, 2011; 10 No 2019, 2018 2017. |
Standard Product Warranty, Policy [Policy Text Block] | Warranty Costs We offer a warranty covering the coins and trading cards that we authenticate and grade. Under the warranty, if any coin or trading card that was previously authenticated and graded by us is later submitted to us for re-grading and either (i) receives a lower grade upon that re-submittal or (ii) is determined not not $568,000, $764,000 $302,000 2019, 2018 2017, $852,000 $862,000 June 30, 2019 2018, |
Advertising Cost [Policy Text Block] | Advertising Costs Advertising costs are expensed as incurred and amounted to approximately $260,000, $286,000, $328,000 June 30, 2019, 2018 2017, |
Income Tax, Policy [Policy Text Block] | Income Taxes Deferred tax assets and liabilities are recorded for the future consequences of events that have been recognized in the Company’s financial statements or tax returns. Measurement of the deferred tax items is based on enacted tax laws. In the event the future consequences of differences between financial reporting bases and tax bases of the Company’s assets or liabilities result in a deferred tax asset, we evaluate the probability of realizing the future benefits comprising that asset and record a valuation allowance if considered necessary. Accounting standards prescribe a recognition threshold and a measurement attribute for the financial statement recognition and measurement of the positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not not" fifty |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency The Company has determined that the U.S. dollar is the functional currency for its French branch office and its Hong Kong, Japan and China subsidiaries. Based on this determination, the Company’s foreign operations are re-measured by reflecting the financial results of those foreign operations as if they had taken place within a U.S. dollar-based economic environment. Fixed assets and other non-monetary assets and liabilities are re-measured from foreign currencies to U.S. dollars at historical exchange rates; whereas cash, accounts receivable and other monetary assets and liabilities are re-measured at current exchange rates. Gains and losses resulting from those re-measurements, which are included in income for the respective current periods, were not |
Share-based Payment Arrangement [Policy Text Block] | Stock-Based Compensation Stock-based compensation expense is measured at the grant date fair value of an equity-incentive award, and is recognized as expense over the employee or non-employee director’s requisite service period, which is generally the vesting period of the award. However, if the vesting of a stock-based compensation award is subject to satisfaction of a performance goal or condition, the stock-based compensation expense is recognized if, and when, it is determined that the achievement of the performance requirement or condition (and therefore the vesting of the award) has become probable. If stock-based compensation is recognized due to a determination that a performance goal or condition is probable of being achieved, but it is subsequently determined that the performance goal or condition was not not |
Earnings Per Share, Policy [Policy Text Block] | Net Income Per Share Basic net income per share is computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding during the periods presented. Diluted net income per share is computed by dividing net income attributable to common stockholders by the weighted-average number of common and common equivalent shares outstanding during the period presented assuming the vesting of all outstanding restricted shares. However, anti-dilutive restricted shares and performance based restricted shares, for which the performance goal has not The following table sets forth the computation of basic and diluted net income (loss) per common share (in thousands except per share data): Year Ended June 30, 201 9 201 8 201 7 Income from continuing operations $ 9,977 $ 6,132 $ 8,516 Income (loss) from discontinued operations (net of income taxes) - 104 (7 ) Net income $ 9,977 $ 6,236 $ 8,509 Net income per basic share: From continuing operations $ 1.12 $ 0.71 $ 1.00 From discontinued operations (net of income taxes) - 0.01 - Net income per share $ 1.12 $ 0.72 $ 1.00 Net income per diluted share: From continuing operations $ 1.11 $ 0.70 $ 0.99 From discontinued operations (net of income taxes) - 0.01 - Net income per share $ 1.11 $ 0.71 $ 0.99 Weighted-average shares outstanding: Basic 8,937 8,662 8,480 Effect of dilutive shares 33 155 150 Diluted 8,970 8,817 8,630 There were approximately 5,000 29,000 June 30, 2019 2018, At June 30, 2019 2018 30,000 40,000 not June 30, 2017, no 2013 |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements In February 2016, 2016 02 Accounting for Leases 12 not first 2020 $10.0 July 1, 2019, $2.3 $7.7 not In June 2016, 2016 13, Financial Instruments-Credit Losses (Topic 326 2016 13, 326 not 326 December 15, 2019, December 15, 2018. 326 not In January 2017, 2017 04, Simplifying the Test for Goodwill Impairment 2 not December 9, 2019. not |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Year Ended June 30, 201 9 201 8 201 7 Income from continuing operations $ 9,977 $ 6,132 $ 8,516 Income (loss) from discontinued operations (net of income taxes) - 104 (7 ) Net income $ 9,977 $ 6,236 $ 8,509 Net income per basic share: From continuing operations $ 1.12 $ 0.71 $ 1.00 From discontinued operations (net of income taxes) - 0.01 - Net income per share $ 1.12 $ 0.72 $ 1.00 Net income per diluted share: From continuing operations $ 1.11 $ 0.70 $ 0.99 From discontinued operations (net of income taxes) - 0.01 - Net income per share $ 1.11 $ 0.71 $ 0.99 Weighted-average shares outstanding: Basic 8,937 8,662 8,480 Effect of dilutive shares 33 155 150 Diluted 8,970 8,817 8,630 |
Note 3 - Inventories (Tables)
Note 3 - Inventories (Tables) | 12 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | 201 9 201 8 Coins $ 173 $ 490 Grading raw materials consumable inventory 3,070 3,303 3,243 3,793 Less inventory reserve (1,278 ) (1,214 ) $ 1,965 $ 2,579 |
Note 4 - Property and Equipme_2
Note 4 - Property and Equipment (Tables) | 12 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | 201 9 201 8 Coin reference sets $ 68 $ 263 Computer hardware and equipment 2,325 2,075 Computer software 1,606 1,531 Equipment 5,131 4,661 Furniture and office equipment 944 925 Leasehold improvements 4,741 4,711 Trading card reference library 52 52 14,867 14,218 Less accumulated depreciation and amortization (7,608 ) (5,840 ) Property and equipment, net $ 7,259 $ 8,378 |
Note 5 - Goodwill and Intangi_2
Note 5 - Goodwill and Intangible Assets (Tables) | 12 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | 201 9 201 8 CoinFacts $ 515 $ 515 Expos Unlimited 458 458 CCE 1,110 1,110 $ 2,083 $ 2,083 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | As of June 30, 201 9 As of June 30, 201 8 Gross Book Value Accumulated Amortization Net Book Value Gross Book Value Accumulated Amortization Net Book Value Amortized Intangible Assets: CUI: Coinflation.com website $ 740 $ (740 ) $ - $ 740 $ (740 ) $ - Patents and Trademarks 63 (40 ) 23 136 (33 ) 103 803 (780 ) 23 876 (773 ) 103 Expos Unlimited: Auctioneer relationships 150 (150 ) - 150 (150 ) - Covenant not to compete 130 (130 ) - 130 (130 ) - Customer database 230 (230 ) - 230 (230 ) - Tradename 280 (224 ) 56 280 (196 ) 84 790 (734 ) 56 790 (706 ) 84 CCE: Customer lists 676 (623 ) 53 676 (577 ) 99 Capitalized Software 7,292 (5,334 ) 1,958 6,236 (4,442 ) 1,794 Indefinite life Intangible Assets: CCE:Tradename 39 - 39 39 - 39 CCE:CoinNexus(IQ) 200 - 200 200 - 200 $ 9,800 $ (7,471 ) $ 2,329 $ 8,817 $ (6,498 ) $ 2,319 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Fiscal Year Ending June 30, 2020 $ 1,111 2021 800 2022 375 2023 4 2024 - Thereafter - $ 2,290 |
Estimated Useful Lives of Finite Lived Intangible Assets [Table Text Block] | <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 27pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">CUI</div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">CCE</div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Expos</div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Capitalized</div></div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Software</div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="14" style="border-bottom: 1px rgb(0, 0, 0); text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">(in years)</td> <td style="border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 48%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Purchased website</div> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">5</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Patents and tradenames</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Customer relationships</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Covenant not to compete</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">8</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Auctioneer relationships</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Tradename</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Capitalized software</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> </table></div>" id="sjs-B7"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 27pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">CUI</div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">CCE</div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Expos</div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Capitalized</div></div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Software</div></div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="14" style="border-bottom: 1px rgb(0, 0, 0); text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">(in years)</td> <td style="border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 48%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Purchased website</div> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">5</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Patents and tradenames</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Customer relationships</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Covenant not to compete</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">8</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Auctioneer relationships</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Tradename</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Capitalized software</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> </table></div> |
Note 6 - Accrued Liabilities (T
Note 6 - Accrued Liabilities (Tables) | 12 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | 201 9 201 8 Warranty reserve $ 852 $ 862 Professional fees 141 151 Other 880 985 $ 1,873 $ 1,998 |
Schedule of Product Warranty Liability [Table Text Block] | Warranty reserve at June 30, 2016 $ 892 Charged to cost of revenues 302 Payments (360 ) Warranty reserve at June 30, 2017 834 Charged to cost of revenues 764 Payments (736 ) Warranty reserve at June 30, 2018 862 Charged to cost of revenues 568 Payments (578 ) Warranty reserve at June 30, 2019 $ 852 |
Note 8 - Taxes (Tables)
Note 8 - Taxes (Tables) | 12 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | 201 9 201 8 201 7 Domestic operations $ 15,691 $ 8,015 $ 12,388 Foreign operations (1,566 ) 877 846 $ 14,125 $ 8,892 $ 13,234 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | 201 9 201 8 201 7 Current: Federal $ 2,951 $ 816 $ 4,623 State 251 44 552 International 285 258 178 3,487 1,118 5,353 Deferred: Federal 193 1,470 (492 ) State 378 157 (58 ) International 90 15 (85 ) 661 1,642 (635 ) Total provision for income taxes $ 4,148 $ 2,760 $ 4,718 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 201 9 201 8 201 7 Provision at federal statutory rates $ 2,966 $ 2,530 $ 4,632 State income taxes, net 497 142 321 Permanent Differences 130 246 135 International, including change in valuation allowances 590 127 (134 ) Other (55 ) 25 (236 ) Impact of federal law change - 280 - Deficiency (Excess) tax deduction for stock compensation 20 (590 ) - $ 4,148 $ 2,760 $ 4,718 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 201 9 201 8 Deferred tax assets: Stock compensation costs $ 256 $ 897 Reserves and accruals 1,771 1,608 Net operating loss carryforward 1,409 816 Credits 394 591 Other 132 86 3,962 3,998 Less: valuation allowance (1,669 ) (817 ) Total deferred tax assets 2,293 3,181 Deferred tax liabilities: Property and equipment (1,237 ) (1,549 ) Intangibles (333 ) (236 ) Other (162 ) (174 ) Total deferred tax liabilities (1,732 ) (1,959 ) Net deferred tax assets $ 561 $ 1,222 |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | Unrecognized tax benefits balance at June 30, 2017 $ 288 Gross increases for tax positions of prior years - Gross decreases for tax positions of prior years - Gross increases for tax positions of current year - Settlements - Lapse of statute of limitations - Unrecognized tax benefits balance at June 30, 2018 288 Gross increases for tax positions of prior years - Gross decreases for tax positions of prior years - Gross increases for tax positions of current year - Settlements - Lapse of statute of limitations - Unrecognized tax benefits balance at June 30, 2019 $ 288 |
Note 11 - Stock Incentive Pla_2
Note 11 - Stock Incentive Plans (Tables) | 12 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | Year Ended June 30, Included in: 201 9 201 8 201 7 Selling and marketing expenses 70 98 72 General and administrative expenses 904 1,323 3,953 $ 974 $ 1,421 $ 4,025 |
Share-based Payment Arrangement, Nonvested Award, Cost [Table Text Block] | Year Ending June 30, 2020 $ 647 2021 388 2022 43 2023 25 Total $ 1,103 |
Schedule of Nonvested Share Activity [Table Text Block] | Non-Vested Shares: Number of Shares (in thousands) Weighted Average Grant-Date Fair Value (per share) Non-vested at June 30, 2016 426 $ 13.32 Granted 22 20.94 Vested (17 ) 18.90 Non-vested at June 30, 2017 431 13.97 Granted 100 29.43 Vested (442 ) 14.13 Cancelled (6 ) 28.97 Non-vested at June 30, 2018 83 28.23 Granted 162 13.28 Vested (40 ) 20.85 Cancelled (24 ) 23.63 Non-vested at June 30, 2019 181 $ 17.11 |
Note 13 - Commitments and Con_2
Note 13 - Commitments and Contingencies (Tables) | 12 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Year Ending June 30, Gross Amount 2020 $ 2,457 2021 2,424 2022 2,044 2023 1,660 2024 1,465 Thereafter 6,535 $ 16,585 |
Note 14 - Business Segments (Ta
Note 14 - Business Segments (Tables) | 12 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Year Ended June 30, Net Revenues from external customers (1) 201 9 201 8 201 7 Coins $ 41,394 $ 42,838 $ 47,545 Trading cards and autographs 26,420 21,065 17,926 Other 4,639 4,546 4,687 Total revenue $ 72,453 $ 68,449 $ 70,158 Depreciation and Amortization: Coins $ 1,360 $ 954 $ 627 Trading cards and autographs 581 394 205 Other 428 562 536 Total 2,369 1,910 1,368 Unallocated amortization and depreciation 443 396 297 Consolidated amortization and depreciation $ 2,812 $ 2,306 $ 1,665 Stock-based compensation: Coins $ 143 $ 385 $ 982 Trading cards and autographs 33 63 476 Other 32 63 318 Total 208 511 1,776 Unallocated stock-based compensation 766 910 2,249 Consolidated stock-based compensation $ 974 $ 1,421 $ 4,025 Operating income: Coins $ 10,536 $ 9,051 $ 15,180 Trading cards and autographs 7,841 5,540 4,303 Other 1,283 1,190 805 Total 19,660 15,781 20,288 Unallocated operating expenses (5,318 ) (6,804 ) (7,064 ) Consolidated operating income $ 14,342 $ 8,977 $ 13,224 |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | At June 30, Identifiable Assets: 201 9 20 1 8 Coins $ 9,398 $ 10,905 Trading cards and autographs 3,753 3,877 Other 2,468 2,944 Total 15,619 17,726 Unallocated assets 22,074 14,488 Consolidated assets $ 37,693 $ 32,214 Goodwill: Coins $ 515 $ 515 Other 1,568 1,568 Consolidated goodwill $ 2,083 $ 2,083 |
Note 15 - Quarterly Results (_2
Note 15 - Quarterly Results (Unaudited) (Tables) | 12 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Quarterly Financial Information [Table Text Block] | Quarterly Results of Operations Quarter Ended (In thousands, except per share data) Sept. 30, Dec.31, 2017 Mar.31, June 30, 2018 Sept. 30, 2018 Dec. 31, 2018 Mar. 31, 2019 June 30, 2019 Statement of Operations Data: Net revenues $ 19,753 $ 14,063 $ 17,512 $ 17,121 $ 17,495 $ 15,704 $ 19,471 $ 19,783 Cost of revenue 7,450 6,476 7,818 7,727 7,202 6,953 7,827 8,171 Gross profit 12,303 7,587 9,694 9,394 10,293 8,751 11,644 11,612 Operating Expenses: SG&A expense 7,781 7,347 7,708 7,165 7,466 6,537 6,879 7,076 Operating income 4,522 240 1,986 2,229 2,827 2,214 4,765 4,536 Interest and other income (expense), net 31 (41 ) 116 (191 ) 3 (145 ) (4 ) (71 ) Income before provision for income taxes 4,553 199 2,102 2,038 2,830 2,069 4,761 4,465 Provision for income taxes (i) 919 129 630 1,082 699 588 1,202 1,659 Income from continuing operations 3,634 70 1,472 956 2,131 1,481 3,559 2,806 Income (loss) from discontinued operations, (net of income taxes) (1 ) 89 2 14 - - - - Net income $ 3,633 $ 159 $ 1,474 970 $ 2,131 $ 1,481 $ 3,559 $ 2,806 Net income per basic share: From continuing operations $ 0.42 $ 0.01 $ 0.17 $ 0.11 $ 024 $ 0.17 $ 0.40 $ 0.31 From discontinued operations, (net of income taxes) - 0.01 - - - - - - Net income per share $ 0.42 $ 0.02 $ 0.17 $ 0.11 $ 0.24 $ 0.17 $ 0.40 $ 0.31 Net income per diluted share: From continuing operations $ 0.41 $ 0.01 $ 0.17 $ 0.11 $ 0.24 $ 0.17 $ 0.40 $ 0.31 From discontinued operations, (net of income taxes) - 0.01 - - - - - - Net income per share $ 0.41 $ 0.02 $ 0.17 $ 0.11 $ 0.24 $ 0.17 $ 0.40 $ 0.31 Weighted average shares outstanding Basic 8,573 8,699 8,703 8,709 8,933 8,936 8,938 8,943 Diluted 8,765 8,923 8,902 8,715 8,962 8,947 8,966 9,004 |
Schedule II - Valuation and Q_2
Schedule II - Valuation and Qualifying Accounts (Tables) | 12 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Valuation and Qualifying Accounts [Table Text Block] | Schedule II Valuation and Qualifying Accounts Balance at Charged to Charged to Charged (Credited) Net Balance Beginning Operating Cost of to Tax (Deductions) at End Description of Period Expenses Revenues Provision Recovery of Period Allowance for doubtful accounts Year ended June 30, 2017 $ 35,000 $ 43,000 $ - $ - $ (1,000 ) $ 77,000 Year ended June 30, 2018 $ 77,000 $ 33,000 $ - $ - $ (30,000 ) $ 80,000 Year ended June 30, 2019 $ 80,000 $ 8,000 $ - $ - $ (16,000 ) $ 72,000 Inventory Reserve Year ended June 30, 2017 $ 739,000 $ - $ 245,000 $ - $ (7,000 ) $ 977,000 Year ended June 30, 2018 $ 977,000 $ - $ 502,000 $ - $ (265,000 ) $ 1,214,000 Year ended June 30, 2019 $ 1,214,000 $ - $ 178,000 $ - $ (114,000 ) $ 1,278,000 Valuation allowances for deferred tax assets Year ended June 30, 2017 $ 871,000 $ - $ - $ (162,000 ) $ - $ 709,000 Year ended June 30, 2018 $ 709,000 $ - $ - $ 108,000 $ - $ 817,000 Year ended June 30, 2019 $ 817,000 $ - $ - $ 852,000 $ - $ 1,669,000 |
Note 2 - Summary of Significa_3
Note 2 - Summary of Significant Accounting Policies (Details Textual) | 12 Months Ended | 24 Months Ended | 36 Months Ended | |||||
Jun. 30, 2019USD ($)shares | Jun. 30, 2018USD ($)shares | Jun. 30, 2017USD ($)shares | Jun. 30, 2011 | Jun. 30, 2018USD ($) | Jun. 30, 2019USD ($) | Jul. 01, 2019USD ($) | Jun. 30, 2016USD ($) | |
Cash, Uninsured Amount | $ 16,245,000 | $ 16,245,000 | ||||||
Cash, Ending Balance | 1,839,000 | 1,839,000 | ||||||
Money Market Funds, at Carrying Value | 14,768,000 | $ 6,629,000 | $ 6,629,000 | 14,768,000 | ||||
Other Cash Equivalents, at Carrying Value | 4,457,000 | 3,952,000 | 3,952,000 | 4,457,000 | ||||
Accounts Receivable, Allowance for Credit Loss, Current | 72,000 | 80,000 | 80,000 | 72,000 | ||||
Contract with Customer, Liability, Total | 3,213,000 | 3,213,000 | ||||||
Inventory Valuation Reserves, Ending Balance | 1,278,000 | 1,214,000 | 1,214,000 | 1,278,000 | ||||
Goodwill and Intangible Asset Impairment, Total | 0 | |||||||
Capitalized Computer Software, Additions | 7,292,000 | 6,236,000 | ||||||
Capitalized Computer Software, Accumulated Amortization | 5,334,000 | 4,442,000 | 4,442,000 | 5,334,000 | ||||
Capitalized Computer Software, Amortization | 892,000 | 701,000 | $ 480,000 | |||||
Impairment of Long-Lived Assets Held-for-use | 0 | 0 | 0 | |||||
Product Warranty Expense (Recovery) | 568,000 | 764,000 | 302,000 | |||||
Standard and Extended Product Warranty Accrual, Ending Balance | 852,000 | 862,000 | 834,000 | $ 862,000 | 852,000 | $ 892,000 | ||
Advertising Expense | $ 260,000 | $ 286,000 | $ 328,000 | |||||
Accounting Standards Update 2016-02 [Member] | Subsequent Event [Member] | ||||||||
Operating Lease, Right-of-Use Asset | $ 10,000,000 | |||||||
Operating Lease, Liability, Current | 2,300,000 | |||||||
Operating Lease, Liability, Noncurrent | 7,700,000 | |||||||
Operating Lease, Liability, Total | $ 10,000,000 | |||||||
Restricted Stock [Member] | ||||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares | 5,000 | 29,000 | 0 | |||||
Performance-based Restricted Shares [Member] | ||||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares | 30,000 | 40,000 | ||||||
Computer Software, Intangible Asset [Member] | ||||||||
Finite-Lived Intangible Asset, Useful Life | 3 years | |||||||
Trade Names [Member] | ||||||||
Finite-Lived Intangible Asset, Useful Life | 10 years | 10 years | ||||||
Minimum [Member] | ||||||||
Property, Plant and Equipment, Useful Life | 3 years | |||||||
Maximum [Member] | ||||||||
Property, Plant and Equipment, Useful Life | 5 years | |||||||
Authentication and Grading Services [Member] | ||||||||
Revenue from Contract with Customer, Percentage | 88.00% | 88.00% | 88.00% | |||||
Accounts Receivable [Member] | Customer Concentration Risk [Member] | One Customer [Member] | ||||||||
Concentration Risk, Percentage | 11.00% | 11.00% | ||||||
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Coins [Member] | ||||||||
Concentration Risk, Percentage | 57.00% | 63.00% | 68.00% | |||||
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Trading Cards and Autographs [Member] | ||||||||
Concentration Risk, Percentage | 36.00% | 31.00% | 25.00% | |||||
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Authentication and Grading Services [Member] | ||||||||
Number of Major Customers | 5 | 5 | 5 | |||||
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Five Customers [Member] | Authentication and Grading Services [Member] | ||||||||
Concentration Risk, Percentage | 11.00% | 16.00% | 18.00% | |||||
CHINA | ||||||||
Cash, Ending Balance | $ 1,238,000 | $ 1,238,000 |
Note 2 - Summary of Significa_4
Note 2 - Summary of Significant Accounting Policies - Computation of Basic and Diluted Net Income (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 | |
Income from continuing operations | $ 2,806 | $ 3,559 | $ 1,481 | $ 2,131 | $ 956 | $ 1,472 | $ 70 | $ 3,634 | $ 9,977 | $ 6,132 | $ 8,516 |
Income (loss) from discontinued operations (net of income taxes) | 14 | 2 | 89 | (1) | 104 | (7) | |||||
Net income | $ 2,806 | $ 3,559 | $ 1,481 | $ 2,131 | $ 970 | $ 1,474 | $ 159 | $ 3,633 | $ 9,977 | $ 6,236 | $ 8,509 |
From continuing operations (in dollars per share) | $ 0.31 | $ 0.40 | $ 0.17 | $ 24 | $ 0.11 | $ 0.17 | $ 0.01 | $ 0.42 | $ 1.12 | $ 0.71 | $ 1 |
From discontinued operations (net of income taxes) (in dollars per share) | 0.01 | 0.01 | |||||||||
Net income per share (in dollars per share) | 0.31 | 0.40 | 0.17 | 0.24 | 0.11 | 0.17 | 0.02 | 0.42 | 1.12 | 0.72 | 1 |
From continuing operations (in dollars per share) | 0.31 | 0.40 | 0.17 | 0.24 | 0.11 | 0.17 | 0.01 | 0.41 | 1.11 | 0.70 | 0.99 |
From discontinued operations (net of income taxes) (in dollars per share) | 0.01 | 0.01 | |||||||||
Net income per share (in dollars per share) | $ 0.31 | $ 0.40 | $ 0.17 | $ 0.24 | $ 0.11 | $ 0.17 | $ 0.02 | $ 0.41 | $ 1.11 | $ 0.71 | $ 0.99 |
Basic (in shares) | 8,943 | 8,938 | 8,936 | 8,933 | 8,709 | 8,703 | 8,699 | 8,573 | 8,937 | 8,662 | 8,480 |
Effect of dilutive shares (in shares) | 33 | 155 | 150 | ||||||||
Diluted (in shares) | 9,004 | 8,966 | 8,947 | 8,962 | 8,715 | 8,902 | 8,923 | 8,765 | 8,970 | 8,817 | 8,630 |
Note 3 - Inventories - Inventor
Note 3 - Inventories - Inventories (Details) - USD ($) | Jun. 30, 2019 | Jun. 30, 2018 |
Inventory, gross | $ 3,243,000 | $ 3,793,000 |
Less inventory reserve | (1,278,000) | (1,214,000) |
1,965,000 | 2,579,000 | |
Coins [Member] | ||
Inventory, gross | 173,000 | 490,000 |
Grading Raw Materials Consumable [Member] | ||
Inventory, gross | $ 3,070,000 | $ 3,303,000 |
Note 4 - Property and Equipme_3
Note 4 - Property and Equipment (Details Textual) - USD ($) | 12 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 | |
Depreciation, Total | $ 1,839,000 | $ 1,527,000 | $ 1,069,000 |
Leasehold Improvements Contributed by Landlord | $ 2,949,000 | ||
New Corporate Headquarter [Member] | |||
Leasehold Improvements, Gross | 4,144,000 | ||
Leasehold Improvements Contributed by Landlord | $ 2,949,000 |
Note 4 - Property and Equipme_4
Note 4 - Property and Equipment - Property and Equipment (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Jun. 30, 2018 |
Property and equipment, gross | $ 14,867 | $ 14,218 |
Less accumulated depreciation and amortization | (7,608) | (5,840) |
Property and equipment, net | 7,259 | 8,378 |
Coins Grading Reference Sets [Member] | ||
Property and equipment, gross | 68 | 263 |
Computer Equipment [Member] | ||
Property and equipment, gross | 2,325 | 2,075 |
Computer Software [Member] | ||
Property and equipment, gross | 1,606 | 1,531 |
Equipment [Member] | ||
Property and equipment, gross | 5,131 | 4,661 |
Furniture and Office Equipment [Member] | ||
Property and equipment, gross | 944 | 925 |
Leasehold Improvements [Member] | ||
Property and equipment, gross | 4,741 | 4,711 |
Trading Card Reference Library [Member] | ||
Property and equipment, gross | $ 52 | $ 52 |
Note 5 - Goodwill and Intangi_3
Note 5 - Goodwill and Intangible Assets (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | |||
Sep. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2011 | |
Goodwill, Impairment Loss | $ 0 | $ 0 | |||
Goodwill, Ending Balance | 2,083,000 | $ 2,083,000 | |||
Amortization, Total | $ 973,000 | $ 779,000 | $ 600,000 | ||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 2 years 109 days | ||||
Trade Names [Member] | |||||
Finite-Lived Intangible Asset, Useful Life | 10 years | 10 years | |||
Amortizable Goodwill [Member] | |||||
Finite-Lived Intangible Asset, Useful Life | 15 years | 15 years | |||
Goodwill, Ending Balance | $ 1,000,000 | $ 1,000,000 |
Note 5 - Goodwill and Intangi_4
Note 5 - Goodwill and Intangible Assets - Carrying Values of Goodwill (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Jun. 30, 2018 |
Goodwill | $ 2,083 | $ 2,083 |
Coins [Member] | ||
Goodwill | 515 | 515 |
Expos Unlimited [Member] | ||
Goodwill | 458 | 458 |
CCE [Member] | ||
Goodwill | $ 1,110 | $ 1,110 |
Note 5 - Goodwill and Intangi_5
Note 5 - Goodwill and Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Jun. 30, 2018 |
Net book value | $ 2,290 | |
Intangible assets, gross | 9,800 | $ 8,817 |
Accumulated amortization | (7,471) | (6,498) |
Intangible assets, net (excluding goodwill) | 2,329 | 2,319 |
CUI [Member] | ||
Gross book value, finite lived intangible assets | 803 | 876 |
Accumulated amortization | (780) | (773) |
Net book value | 23 | 103 |
CUI [Member] | Website [Member] | ||
Gross book value, finite lived intangible assets | 740 | 740 |
Accumulated amortization | (740) | (740) |
Net book value | ||
CUI [Member] | Patents [Member] | ||
Gross book value, finite lived intangible assets | 63 | 136 |
Accumulated amortization | (40) | (33) |
Net book value | 23 | 103 |
Expos Unlimited [Member] | ||
Gross book value, finite lived intangible assets | 790 | 790 |
Accumulated amortization | (734) | (706) |
Net book value | 56 | 84 |
Expos Unlimited [Member] | Auctioneer Relationships [Member] | ||
Gross book value, finite lived intangible assets | 150 | 150 |
Accumulated amortization | (150) | (150) |
Net book value | ||
Expos Unlimited [Member] | Noncompete Agreements [Member] | ||
Gross book value, finite lived intangible assets | 130 | 130 |
Accumulated amortization | (130) | (130) |
Net book value | ||
Expos Unlimited [Member] | Customer Lists [Member] | ||
Gross book value, finite lived intangible assets | 230 | 230 |
Accumulated amortization | (230) | (230) |
Net book value | ||
Expos Unlimited [Member] | Trade Names [Member] | ||
Gross book value, finite lived intangible assets | 280 | 280 |
Accumulated amortization | (224) | (196) |
Net book value | 56 | 84 |
CCE [Member] | CoinNexus (IQ) [Member] | ||
Gross book value, indefinite life intangible assets | 200 | 200 |
CCE [Member] | Customer Lists [Member] | ||
Gross book value, finite lived intangible assets | 676 | 676 |
Accumulated amortization | (623) | (577) |
Net book value | 53 | 99 |
CCE [Member] | Trade Names [Member] | ||
Gross book value, indefinite life intangible assets | 39 | 39 |
CCE [Member] | Computer Software, Intangible Asset [Member] | ||
Gross book value, finite lived intangible assets | 7,292 | 6,236 |
Accumulated amortization | (5,334) | (4,442) |
Net book value | $ 1,958 | $ 1,794 |
Note 5 - Goodwill and Intangi_6
Note 5 - Goodwill and Intangible Assets - Estimated Amortization Expenses (Details) $ in Thousands | Jun. 30, 2019USD ($) |
2020 | $ 1,111 |
2021 | 800 |
2022 | 375 |
2023 | 4 |
2024 | |
Thereafter | |
$ 2,290 |
Note 5 - Goodwill and Intangi_7
Note 5 - Goodwill and Intangible Assets - Estimated Useful Lives of Finite-lived Intangible Assets (Details) | 12 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2011 | |
Website [Member] | CUI [Member] | ||
Finite-Lived Intangible Asset, Useful Life | 5 years | |
Patents [Member] | CUI [Member] | ||
Finite-Lived Intangible Asset, Useful Life | 10 years | |
Customer Relationships [Member] | CCE [Member] | ||
Finite-Lived Intangible Asset, Useful Life | 15 years | |
Customer Relationships [Member] | Expos Unlimited [Member] | ||
Finite-Lived Intangible Asset, Useful Life | 10 years | |
Noncompete Agreements [Member] | Expos Unlimited [Member] | ||
Finite-Lived Intangible Asset, Useful Life | 8 years | |
Auctioneer Relationships [Member] | Expos Unlimited [Member] | ||
Finite-Lived Intangible Asset, Useful Life | 10 years | |
Trade Names [Member] | ||
Finite-Lived Intangible Asset, Useful Life | 10 years | 10 years |
Trade Names [Member] | Expos Unlimited [Member] | ||
Finite-Lived Intangible Asset, Useful Life | 10 years | |
Capital Software [Member] | ||
Finite-Lived Intangible Asset, Useful Life | 3 years |
Note 6 - Accrued Liabilities -
Note 6 - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Jun. 30, 2018 |
Warranty reserve | $ 852 | $ 862 |
Professional fees | 141 | 151 |
Other | 880 | 985 |
$ 1,873 | $ 1,998 |
Note 6 - Accrued Liabilities _2
Note 6 - Accrued Liabilities - Warranty Reserve Activity (Details) - USD ($) | 12 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 | |
Warranty reserve | $ 862,000 | $ 834,000 | $ 892,000 |
Charged to cost of revenues | 568,000 | 764,000 | 302,000 |
Payments | (578,000) | (736,000) | (360,000) |
Warranty reserve | $ 852,000 | $ 862,000 | $ 834,000 |
Note 7 - Borrowings (Details Te
Note 7 - Borrowings (Details Textual) | Sep. 15, 2018USD ($) | Sep. 15, 2017USD ($) | Jan. 10, 2017USD ($) | Sep. 30, 2017USD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) |
Long-term Debt, Current Maturities, Total | $ 750,000 | $ 562,000 | ||||
Long-term Debt, Excluding Current Maturities, Total | 1,688,000 | $ 2,438,000 | ||||
Revolving Credit Facility [Member] | California Bank and Trust [Member] | ||||||
Debt Instrument, Term | 3 years | |||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 10,000,000 | |||||
Line of Credit Facility, Covenant of Outstanding Borrowings | $ 0 | |||||
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.0625% | |||||
Proceeds from Lines of Credit, Total | $ 3,000,000 | |||||
Long-term Line of Credit, Total | 0 | |||||
Repayments of Lines of Credit | $ 3,000,000 | |||||
Revolving Credit Facility [Member] | California Bank and Trust [Member] | Maximum [Member] | ||||||
Line of Credit Facility, Average Outstanding Amount | $ 4,000,000 | |||||
Revolving Credit Facility [Member] | California Bank and Trust [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 2.25% | |||||
Revolving Credit Facility [Member] | California Bank and Trust [Member] | Prime Rate [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 0.25% | |||||
Unsecured Debt [Member] | CB&T [Member] | ||||||
Debt Instrument, Term | 5 years | |||||
Debt Instrument, Face Amount | $ 3,500,000 | |||||
Long-term Debt, Total | $ 3,000,000 | 2,438,000 | ||||
Long-term Debt, Current Maturities, Total | 750,000 | |||||
Long-term Debt, Excluding Current Maturities, Total | $ 1,688,000 | |||||
Unsecured Debt [Member] | CB&T [Member] | Term Loan [Member] | ||||||
Debt Instrument, Term | 4 years | |||||
Long-term Debt, Total | $ 3,000,000 | |||||
Debt Instrument, Number of Payments | 48 | |||||
Debt Instrument, Monthly Periodic Payment Principal | $ 62,500 | |||||
Debt Instrument, Annual Periodic Payment Principal | $ 750,000 |
Note 8 - Taxes (Details Textual
Note 8 - Taxes (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 21.00% | 28.00% |
Income Tax Expense (Benefit), Continuing Operations, Tax Reform Act | $ 281,000 | ||
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability | 384,000 | ||
Income Tax Expense (Benefit), Continuing Operations, Foreign Subsidiaries Earnings and Profits | 103,000 | ||
Deferred Tax Assets, Valuation Allowance, Total | $ 817,000 | $ 1,669,000 | 817,000 |
Liability for Uncertainty in Income Taxes, Noncurrent | 458,000 | ||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total | 165,000 | ||
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 374,000 | ||
Foreign Tax Authority [Member] | |||
Deferred Tax Assets, Valuation Allowance, Total | 817,000 | 1,669,000 | 817,000 |
Foreign Tax Authority [Member] | State Administration of Taxation, China [Member] | |||
Deferred Tax Assets, Valuation Allowance, Total | 581,000 | ||
Operating Loss Carryforwards, Total | 1,287,000 | ||
Foreign Tax Authority [Member] | Ministry of the Economy, Finance and Industry, France [Member] | |||
Operating Loss Carryforwards, Total | 2,007,000 | ||
Foreign Tax Authority [Member] | National Tax Agency, Japan [Member] | |||
Operating Loss Carryforwards, Total | 195,000 | ||
Foreign Tax Authority [Member] | Inland Revenue, Hong Kong [Member] | |||
Operating Loss Carryforwards, Total | 2,262,000 | ||
State and Local Jurisdiction [Member] | California Franchise Tax Board [Member] | |||
Deferred Tax Assets, Valuation Allowance, Total | $ 749,000 | $ 499,000 | $ 749,000 |
Tax Credit Carryforward, Expiration Date | Dec. 31, 2025 |
Note 8 - Taxes - Pre-tax Income
Note 8 - Taxes - Pre-tax Income (Loss) by Jurisdiction (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 | |
Domestic operations | $ 15,691 | $ 8,015 | $ 12,388 |
Foreign operations | (1,566) | 877 | 846 |
Income before provision for income taxes | $ 14,125 | $ 8,892 | $ 13,234 |
Note 8 - Taxes - (Benefit) Prov
Note 8 - Taxes - (Benefit) Provision for Income Taxes for Continuing Operations (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||||||
Jun. 30, 2019 | [1] | Mar. 31, 2019 | [1] | Dec. 31, 2018 | [1] | Sep. 30, 2018 | [1] | Jun. 30, 2018 | [1] | Mar. 31, 2018 | [1] | Dec. 31, 2017 | [1] | Sep. 30, 2017 | [1] | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 | |
Federal | $ 2,951 | $ 816 | $ 4,623 | ||||||||||||||||
State | 251 | 44 | 552 | ||||||||||||||||
International | 285 | 258 | 178 | ||||||||||||||||
3,487 | 1,118 | 5,353 | |||||||||||||||||
Federal | 193 | 1,470 | (492) | ||||||||||||||||
State | 378 | 157 | (58) | ||||||||||||||||
International | 90 | 15 | (85) | ||||||||||||||||
661 | 1,642 | (635) | |||||||||||||||||
$ 1,659 | $ 1,202 | $ 588 | $ 699 | $ 1,082 | $ 630 | $ 129 | $ 919 | $ 4,148 | $ 2,760 | $ 4,718 | |||||||||
[1] | The higher income tax rate in the fourth quarter of fiscal 2018, reflects the final determination of our deferred tax assets at a Federal tax rate of 21%, withholding tax expense associated with foreign repatriation payments (mainly from China) and non-deductible expenses in the quarter. The higher income tax rate in the fourth quarter of fiscal 2019, reflects a non-cash valuation allowance established against deferred tax assets in China as of June 30, 2019. |
Note 8 - Taxes - Reconciliation
Note 8 - Taxes - Reconciliation of Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||||||
Jun. 30, 2019 | [1] | Mar. 31, 2019 | [1] | Dec. 31, 2018 | [1] | Sep. 30, 2018 | [1] | Jun. 30, 2018 | [1] | Mar. 31, 2018 | [1] | Dec. 31, 2017 | [1] | Sep. 30, 2017 | [1] | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 | |
Provision at federal statutory rates | $ 2,966 | $ 2,530 | $ 4,632 | ||||||||||||||||
State income taxes, net | 497 | 142 | 321 | ||||||||||||||||
Permanent Differences | 130 | 246 | 135 | ||||||||||||||||
International, including change in valuation allowances | 590 | 127 | (134) | ||||||||||||||||
Other | (55) | 25 | (236) | ||||||||||||||||
Impact of federal law change | 280 | ||||||||||||||||||
Deficiency (Excess) tax deduction for stock compensation | 20 | (590) | |||||||||||||||||
$ 1,659 | $ 1,202 | $ 588 | $ 699 | $ 1,082 | $ 630 | $ 129 | $ 919 | $ 4,148 | $ 2,760 | $ 4,718 | |||||||||
[1] | The higher income tax rate in the fourth quarter of fiscal 2018, reflects the final determination of our deferred tax assets at a Federal tax rate of 21%, withholding tax expense associated with foreign repatriation payments (mainly from China) and non-deductible expenses in the quarter. The higher income tax rate in the fourth quarter of fiscal 2019, reflects a non-cash valuation allowance established against deferred tax assets in China as of June 30, 2019. |
Note 8 - Taxes - Significant Co
Note 8 - Taxes - Significant Components of Deferred Taxes (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Jun. 30, 2018 |
Stock compensation costs | $ 256 | $ 897 |
Reserves and accruals | 1,771 | 1,608 |
Net operating loss carryforward | 1,409 | 816 |
Credits | 394 | 591 |
Other | 132 | 86 |
3,962 | 3,998 | |
Less: valuation allowance | (1,669) | (817) |
Total deferred tax assets | 2,293 | 3,181 |
Property and equipment | (1,237) | (1,549) |
Intangibles | (333) | (236) |
Other | (162) | (174) |
Total deferred tax liabilities | (1,732) | (1,959) |
Net deferred tax assets | $ 561 | $ 1,222 |
Note 8 - Taxes - Reconciliati_2
Note 8 - Taxes - Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Unrecognized tax benefits | $ 288 | $ 288 |
Gross increases for tax positions of prior years | ||
Gross decreases for tax positions of prior years | ||
Gross increases for tax positions of current year | ||
Settlements | ||
Lapse of statute of limitations | ||
Unrecognized tax benefits | $ 288 | $ 288 |
Note 9 - Employee Benefit Pla_2
Note 9 - Employee Benefit Plans (Details Textual) | 12 Months Ended |
Jun. 30, 2019 | |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 75.00% |
Note 10 - Stockholders' Equity
Note 10 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, shares in Thousands | 5 Months Ended | 7 Months Ended | 12 Months Ended | |||
Jun. 30, 2018 | Jan. 31, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 06, 2005 | |
Payments of Ordinary Dividends, Common Stock | $ 6,479,000 | $ 9,083,000 | $ 11,912,000 | |||
Common Stock, Dividends, Per Share, Declared | $ 0.175 | $ 0.35 | $ 0.70 | $ 1.05 | $ 1.40 | |
Stock Repurchase Program, Authorized Amount | $ 10,000,000 | |||||
Stock Repurchased During Period, Shares | 0 | 0 | 0 |
Note 11 - Stock Incentive Pla_3
Note 11 - Stock Incentive Plans (Details Textual) | 1 Months Ended | 12 Months Ended | |||
Dec. 31, 2017shares | Jun. 30, 2019USD ($)shares | Jun. 30, 2018USD ($)shares | Jun. 30, 2017USD ($)shares | Oct. 03, 2017shares | |
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures, Total | $ 974,000 | $ 1,421,000 | $ 4,025,000 | ||
Number of Directors | 4 | 7 | |||
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures, Total | shares | 5,000 | 5,000 | 10,000 | ||
Share-based Payment Arrangement, Expense | $ 974,000 | $ 1,421,000 | $ 4,025,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares | 162,000 | 100,000 | 22,000 | ||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 1,103,000 | ||||
Director [Member] | |||||
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures, Total | 180,000 | $ 315,000 | $ 270,000 | ||
Restricted Stock [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 111,000 | $ 83,000 | $ 209,000 | ||
Restricted Stock [Member] | Minimum [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | 3 years | 3 years | ||
Restricted Stock [Member] | Maximum [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | 4 years | 4 years | ||
Restricted Stock [Member] | Director [Member] | |||||
Share Based Compensation Annual Award | $ 45,000 | $ 45,000 | $ 45,000 | ||
Retention Shares, One Time Grants [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares | 17,505 | ||||
Retention Shares, Annual Grants [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares | 44,763 | 16,731 | |||
The 2017 Equity Incentive Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares | 400,000 | ||||
Previously Adopted Stock Incentive Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares | 308,670 | ||||
The 2013 Long-Term Performance-Based Equity Incentive Program [Member] | |||||
Percentage of Restricted Shares Vesting on Achievement of Financial Performance Goal | 50.00% | ||||
Percentage of Restricted Shares Vesting if an Employee Remains in Service until End of Fiscal Year | 50.00% | ||||
Share-based Payment Arrangement, Expense | $ 503,000 | $ 3,661,000 | |||
The 2018 LTIP [Member] | Performance Shares [Member] | |||||
Share-based Payment Arrangement, Expense | $ 0 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares | 30,370 | ||||
The 2019 LTIP [Member] | Performance Shares [Member] | |||||
Share-based Payment Arrangement, Expense | $ 80,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares | 89,542 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vesting Percentage of Cash Flows Increase (Decrease) | 20.00% |
Note 11 - Stock Incentive Pla_4
Note 11 - Stock Incentive Plans - Share-based Compensation Expense Included in Continuing Operations (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 | |
Allocated share-based compensation expense | $ 974 | $ 1,421 | $ 4,025 |
Selling and Marketing Expense [Member] | |||
Allocated share-based compensation expense | 70 | 98 | 72 |
General and Administrative Expense [Member] | |||
Allocated share-based compensation expense | $ 904 | $ 1,323 | $ 3,953 |
Note 11 - Stock Incentive Pla_5
Note 11 - Stock Incentive Plans - Unrecognized Compensation Cost (Details) $ in Thousands | Jun. 30, 2019USD ($) |
2020 | $ 647 |
2021 | 388 |
2022 | 43 |
2023 | 25 |
Total | $ 1,103 |
Note 11 - Stock Incentive Pla_6
Note 11 - Stock Incentive Plans - Non-vested Status of Restricted Shares (Details) - $ / shares shares in Thousands | 12 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 | |
Non-vested (in shares) | 83 | 431 | 426 |
Non-vested, weighted average grant-date fair value (in dollars per share) | $ 28.23 | $ 13.97 | $ 13.32 |
Granted (in shares) | 162 | 100 | 22 |
Granted, weighted average grant-date fair value (in dollars per share) | $ 13.28 | $ 29.43 | $ 20.94 |
Vested (in shares) | (40) | (442) | (17) |
Vested, weighted average grant-date fair value (in dollars per share) | $ 20.85 | $ 14.13 | $ 18.90 |
Cancelled (in shares) | (24) | (6) | |
Cancelled, weighted average grant-date fair value (in dollars per share) | $ 23.63 | $ 28.97 | |
Non-vested (in shares) | 181 | 83 | 431 |
Non-vested, weighted average grant-date fair value (in dollars per share) | $ 17.11 | $ 28.23 | $ 13.97 |
Note 12 - Related-party Trans_2
Note 12 - Related-party Transactions (Details Textual) - USD ($) | 12 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 | |
Immediate Family Member of Management or Principal Owner [Member] | David Hall [Member] | |||
Equity Method Investment, Ownership Percentage | 5.00% | ||
Immediate Family Member of Management or Principal Owner [Member] | Grading and Authentication Fees [Member] | |||
Related Party Transaction, Other Revenues from Transactions with Related Party | $ 1,166,000 | $ 1,938,000 | $ 2,191,000 |
Accounts Receivable, Related Parties, Current | 52,000 | 127,000 | |
DHRCC [Member] | Sublease [Member] | |||
Related Party Transaction, Other Revenues from Transactions with Related Party | 77,000 | 82,900 | 84,200 |
DHRCC [Member] | Advertising Fees [Member] | |||
Related Party Transaction, Other Revenues from Transactions with Related Party | 25,500 | 25,500 | 25,500 |
DHRCC [Member] | Grading and Authentication Fees [Member] | |||
Related Party Transaction, Other Revenues from Transactions with Related Party | 9,100 | 7,800 | 16,800 |
DHRCC [Member] | Warranty Claims [Member] | |||
Related Party Transaction, Expenses from Transactions with Related Party | 2,000 | 7,800 | 2,800 |
DHRCC [Member] | Expo Long Beach Show [Member] | |||
Related Party Transaction, Other Revenues from Transactions with Related Party | 5,800 | 2,600 | 4,400 |
DHRCC [Member] | Monthly Subscription Fees [Member] | |||
Related Party Transaction, Other Revenues from Transactions with Related Party | $ 6,900 | $ 6,900 | $ 6,900 |
Note 13 - Commitments and Con_3
Note 13 - Commitments and Contingencies (Details Textual) | 12 Months Ended | |||||
Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Jul. 31, 2018USD ($) | Nov. 01, 2017USD ($) | Feb. 03, 2017ft² | |
Area of Real Estate Property | ft² | 62,755 | |||||
Operating Leases, Future Minimum Payments Due, Total | $ 16,585,000 | |||||
Operating Leases, Rent Expense, Total | 2,366,000 | $ 2,401,000 | $ 2,242,000 | |||
Office Lease [Member] | ||||||
Lessee, Operating Lease, Term of Contract | 10 years 300 days | |||||
Payments for (Proceeds from) Tenant Allowance | 2,900,000 | |||||
Operating Leases, Rent Expense, Minimum Rentals | $ 13,200,000 | |||||
Shanghai Office [Member] | ||||||
Lessee, Operating Lease, Term of Contract | 3 years | 5 years | ||||
Operating Leases, Future Minimum Payments Due, Total | $ 625,000 | $ 3,000,000 |
Note 13 - Commitments and Con_4
Note 13 - Commitments and Contingencies - Future Minimum Lease Payments (Details) $ in Thousands | Jun. 30, 2019USD ($) |
Gross amount due, next twelve months | $ 2,457 |
Gross amount due, year two | 2,424 |
Gross amount due, year three | 2,044 |
Gross amount due, year four | 1,660 |
Gross amount due, year five | 1,465 |
Gross amount due, after year five | 6,535 |
Operating Leases, Future Minimum Payments Due, Total | $ 16,585 |
Note 14 - Business Segments (De
Note 14 - Business Segments (Details Textual) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | |
Number of Reportable Segments | 3 | ||
Revenue from Contract with Customer, Including Assessed Tax | $ 72,453 | $ 68,449 | $ 70,158 |
Non-US [Member] | Coins [Member] | Service [Member] | |||
Revenue from Contract with Customer, Including Assessed Tax | $ 7,600 | $ 11,100 | $ 9,400 |
Note 14 - Business Segments - S
Note 14 - Business Segments - Segment Reporting Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||
Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 | ||
Net revenues | $ 72,453 | $ 68,449 | $ 70,158 | |||||||||
Depreciation and amortization | 2,812 | 2,306 | 1,665 | |||||||||
Allocated share-based compensation expense | 974 | 1,421 | 4,025 | |||||||||
Operating income | $ 4,536 | $ 4,765 | $ 2,214 | $ 2,827 | $ 2,229 | $ 1,986 | $ 240 | $ 4,522 | 14,342 | 8,977 | 13,224 | |
Operating Segments [Member] | ||||||||||||
Depreciation and amortization | 2,369 | 1,910 | 1,368 | |||||||||
Allocated share-based compensation expense | 208 | 511 | 1,776 | |||||||||
Operating income | 19,660 | 15,781 | 20,288 | |||||||||
Segment Reconciling Items [Member] | ||||||||||||
Depreciation and amortization | 443 | 396 | 297 | |||||||||
Allocated share-based compensation expense | 766 | 910 | 2,249 | |||||||||
Operating income | (5,318) | (6,804) | (7,064) | |||||||||
Coins [Member] | Operating Segments [Member] | ||||||||||||
Net revenues | [1] | 41,394 | 42,838 | 47,545 | ||||||||
Depreciation and amortization | 1,360 | 954 | 627 | |||||||||
Allocated share-based compensation expense | 143 | 385 | 982 | |||||||||
Operating income | 10,536 | 9,051 | 15,180 | |||||||||
Trading Cards and Autographs [Member] | Operating Segments [Member] | ||||||||||||
Net revenues | 26,420 | 21,065 | 17,926 | |||||||||
Depreciation and amortization | 581 | 394 | 205 | |||||||||
Allocated share-based compensation expense | 33 | 63 | 476 | |||||||||
Operating income | 7,841 | 5,540 | 4,303 | |||||||||
Other Segments [Member] | Operating Segments [Member] | ||||||||||||
Net revenues | 4,639 | 4,546 | 4,687 | |||||||||
Depreciation and amortization | 428 | 562 | 536 | |||||||||
Allocated share-based compensation expense | 32 | 63 | 318 | |||||||||
Operating income | $ 1,283 | $ 1,190 | $ 805 | |||||||||
[1] | Includes revenues of $7.5 million, $11.1 million, and $9.4 million, generated outside the United States in fiscal years 2019, 2018 and 2017, respectively. |
Note 14 - Business Segments - R
Note 14 - Business Segments - Reconciliation of Assets to Consolidated From Segment (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Jun. 30, 2018 |
Assets | $ 37,693 | $ 32,214 |
Goodwill | 2,083 | 2,083 |
Coins [Member] | ||
Goodwill | 515 | 515 |
Operating Segments [Member] | ||
Assets | 15,619 | 17,726 |
Operating Segments [Member] | Coins [Member] | ||
Assets | 9,398 | 10,905 |
Goodwill | 515 | 515 |
Operating Segments [Member] | Trading Cards and Autographs [Member] | ||
Assets | 3,753 | 3,877 |
Operating Segments [Member] | Other Segments [Member] | ||
Assets | 2,468 | 2,944 |
Goodwill | 1,568 | 1,568 |
Segment Reconciling Items [Member] | ||
Assets | $ 22,074 | $ 14,488 |
Note 15 - Quarterly Results (_3
Note 15 - Quarterly Results (Unaudited) (Details Textual) | 3 Months Ended | 12 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 21.00% | 28.00% |
Note 15 - Quarterly Results (_4
Note 15 - Quarterly Results (Unaudited) - Unaudited Consolidated Financial Results for Quarterly Periods (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||||||
Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 | |||||||||
Net revenues | $ 19,783 | $ 19,471 | $ 15,704 | $ 17,495 | $ 17,121 | $ 17,512 | $ 14,063 | $ 19,753 | |||||||||||
Cost of revenue | 8,171 | 7,827 | 6,953 | 7,202 | 7,727 | 7,818 | 6,476 | 7,450 | $ 30,153 | $ 29,471 | $ 26,847 | ||||||||
Gross profit | 11,612 | 11,644 | 8,751 | 10,293 | 9,394 | 9,694 | 7,587 | 12,303 | 42,300 | 38,978 | 43,311 | ||||||||
SG&A expense | 7,076 | 6,879 | 6,537 | 7,466 | 7,165 | 7,708 | 7,347 | 7,781 | |||||||||||
Operating income | 4,536 | 4,765 | 2,214 | 2,827 | 2,229 | 1,986 | 240 | 4,522 | 14,342 | 8,977 | 13,224 | ||||||||
Interest and other income (expense), net | (71) | (4) | (145) | 3 | (191) | 116 | (41) | 31 | |||||||||||
Income before provision for income taxes | 4,465 | 4,761 | 2,069 | 2,830 | 2,038 | 2,102 | 199 | 4,553 | |||||||||||
Provision for income taxes(i) | 1,659 | [1] | 1,202 | [1] | 588 | [1] | 699 | [1] | 1,082 | [1] | 630 | [1] | 129 | [1] | 919 | [1] | 4,148 | 2,760 | 4,718 |
Income from continuing operations | 2,806 | 3,559 | 1,481 | 2,131 | 956 | 1,472 | 70 | 3,634 | 9,977 | 6,132 | 8,516 | ||||||||
Income from discontinued operations, basic | 14 | 2 | 89 | (1) | 104 | (7) | |||||||||||||
Net income | $ 2,806 | $ 3,559 | $ 1,481 | $ 2,131 | $ 970 | $ 1,474 | $ 159 | $ 3,633 | $ 9,977 | $ 6,236 | $ 8,509 | ||||||||
Net income per basic share: | |||||||||||||||||||
From continuing operations (in dollars per share) | $ 0.31 | $ 0.40 | $ 0.17 | $ 24 | $ 0.11 | $ 0.17 | $ 0.01 | $ 0.42 | $ 1.12 | $ 0.71 | $ 1 | ||||||||
From discontinued operations (net of income taxes) (in dollars per share) | 0.01 | 0.01 | |||||||||||||||||
Net income per share (in dollars per share) | 0.31 | 0.40 | 0.17 | 0.24 | 0.11 | 0.17 | 0.02 | 0.42 | 1.12 | 0.72 | 1 | ||||||||
From continuing operations (in dollars per share) | 0.31 | 0.40 | 0.17 | 0.24 | 0.11 | 0.17 | 0.01 | 0.41 | 1.11 | 0.70 | 0.99 | ||||||||
From discontinued operations (net of income taxes) (in dollars per share) | 0.01 | 0.01 | |||||||||||||||||
Net income per share (in dollars per share) | $ 0.31 | $ 0.40 | $ 0.17 | $ 0.24 | $ 0.11 | $ 0.17 | $ 0.02 | $ 0.41 | $ 1.11 | $ 0.71 | $ 0.99 | ||||||||
Basic (in shares) | 8,943 | 8,938 | 8,936 | 8,933 | 8,709 | 8,703 | 8,699 | 8,573 | 8,937 | 8,662 | 8,480 | ||||||||
Diluted (in shares) | 9,004 | 8,966 | 8,947 | 8,962 | 8,715 | 8,902 | 8,923 | 8,765 | 8,970 | 8,817 | 8,630 | ||||||||
[1] | The higher income tax rate in the fourth quarter of fiscal 2018, reflects the final determination of our deferred tax assets at a Federal tax rate of 21%, withholding tax expense associated with foreign repatriation payments (mainly from China) and non-deductible expenses in the quarter. The higher income tax rate in the fourth quarter of fiscal 2019, reflects a non-cash valuation allowance established against deferred tax assets in China as of June 30, 2019. |
Note 16 - Subsequent Events (De
Note 16 - Subsequent Events (Details Textual) - $ / shares | Jul. 23, 2019 | Jun. 30, 2018 | Jan. 31, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 |
Common Stock, Dividends, Per Share, Declared | $ 0.175 | $ 0.35 | $ 0.70 | $ 1.05 | $ 1.40 | |
Subsequent Event [Member] | ||||||
Common Stock, Dividends, Per Share, Declared | $ 0.175 | |||||
Dividends Payable, Date Declared | Jul. 23, 2019 | |||||
Dividends Payable, Date to be Paid | Aug. 30, 2019 | |||||
Dividends Payable, Date of Record | Aug. 16, 2019 |
Schedule II - Valuation and Q_3
Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details) - USD ($) | 12 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2017 | |
SEC Schedule, 12-09, Allowance, Credit Loss [Member] | |||
Balance at beginning of period | $ 80,000 | $ 77,000 | $ 35,000 |
Charged to operating expenses | 8,000 | 33,000 | 43,000 |
Charged to cost of revenues | |||
Charged to tax provision | |||
Net (deductions) recovery | (16,000) | (30,000) | (1,000) |
Balance at end of period | 72,000 | 80,000 | 77,000 |
SEC Schedule, 12-09, Reserve, Inventory [Member] | |||
Balance at beginning of period | 1,214,000 | 977,000 | 739,000 |
Charged to operating expenses | |||
Charged to cost of revenues | 178,000 | 502,000 | 245,000 |
Charged to tax provision | |||
Net (deductions) recovery | (114,000) | (265,000) | (7,000) |
Balance at end of period | 1,278,000 | 1,214,000 | 977,000 |
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member] | |||
Balance at beginning of period | 817,000 | 709,000 | 871,000 |
Charged to operating expenses | |||
Charged to cost of revenues | |||
Charged to tax provision | 852,000 | 108,000 | (162,000) |
Net (deductions) recovery | |||
Balance at end of period | $ 1,669,000 | $ 817,000 | $ 709,000 |