0001437749-21-022419 | 10-K | XBRL Viewer | Natural Alternatives International INC

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]

A. Organization and Summary of Significant Accounting Policies

Organization

We provide private-label contract manufacturing services to companies that market and distribute vitamins, minerals, herbs, and other nutritional supplements, as well as other health care products, to consumers both within and outside the U.S. We also seek to commercialize our patent and trademark estate related to the ingredient known as beta-alanine sold under our CarnoSyn® and SR CarnoSyn® tradenames through direct raw material sales and various license and similar arrangements.

Subsidiaries

January

22,

1999,

Natural Alternatives International Europe S.A., a Swiss Corporation (NAIE) was formed as our wholly-owned subsidiary, based in Manno, Switzerland. In

September 1999,

NAIE opened a manufacturing facility and currently possesses manufacturing capability in encapsulation, powders, tablets, finished goods packaging, quality control laboratory testing, warehousing, distribution and administration.

Principles of Consolidation

The consolidated financial statements include the accounts of Natural Alternatives International, Inc. (NAI) and our wholly-owned subsidiary, NAIE. All intercompany accounts and transactions have been eliminated. The functional currency of NAIE, our foreign subsidiary, is the U.S. Dollar. Certain accounts of NAIE have been translated at either current or historical exchange rates, as appropriate, with gains and losses included in the consolidated statements of operations.

Recently Adopted Accounting Pronouncements

We did

not

adopt any accounting pronouncements during the fiscal year ended

June 30, 2021.

Recently Issued Accounting Pronouncements

December 18, 2019,

the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU")

No.

2019

12,

Income Taxes (Topic

740

): Simplifying the Accounting for Income Taxes

. This new standard eliminates certain exceptions in Accounting Standards Codification ("ASC")

740

related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences. It also clarifies and simplifies other aspects of the accounting for income taxes. This standard is effective for fiscal years, and interim periods within those years, beginning after

December 15, 2020,

with early adoption permitted in any interim period within that year. This ASU will be effective for us beginning in our

first

quarter of fiscal

2022.

We do

not

expect this ASU will have a material impact on our consolidated financial statements.

March 2020,

the FASB issued ASU

2020

04,

Reference Rate Reform (Topic

848

): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides optional expedient and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. In response to the concerns about structural risks of interbank offered rates ("IBORs") and, particularly, the risk of cessation of the London Interbank Offered Rate ("LIBOR"), regulators in several jurisdictions around the world have undertaken reference rate reform initiatives to identify alternative reference rates that are more observable or transaction based and less susceptible to manipulation. The ASU provides companies with optional guidance to ease the potential accounting burden associated with transitioning away from reference rates that are expected to be discontinued. The ASU can be adopted

later than

December 1, 2022 (

fiscal year

2023

) with early adoption permitted. We do

not

expect this ASU will have a material impact on our consolidated financial statements.

Cash and Cash Equivalents

We consider all highly liquid investments with a maturity of

three

months or less when purchased to be cash equivalents.

Fair Value of Financial Instruments

Fair value is defined as the exchange price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. We use a

three

-level hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability based on market data obtained from independent sources. Unobservable inputs are inputs that reflect our assumptions about the inputs that market participants would use in pricing the asset or liability and are developed based on the best information available under the circumstances.

The fair value hierarchy is broken down into

three

levels based on the source of inputs. In general, fair values determined by Level

inputs use quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access. We classify cash, cash equivalents, and marketable securities balances as Level

assets. The approximate fair value of cash and cash equivalents, accounts receivable, accounts payable and short-term borrowings is equal to book value due to the short-term nature of these items. Fair values determined by Level

inputs are based on quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are

not

active and models for which all significant inputs are observable or can be corroborated, either directly or indirectly by observable market data. Level

inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. These include certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

Except for cash and cash equivalents, as of

June 30, 2021

and

June 30, 2020,

we did

not

have any financial assets or liabilities classified as Level

We classify derivative forward exchange contracts as Level

assets and liabilities. The fair value of our forward exchange contracts as of

June 30, 2021

included a net liability of

$0.8

million. The fair value as of

June

30,

2020

was a net asset of

$0.3

million. The fair values were determined based on obtaining pricing from our bank and corroborating those values with a

third

party bank or pricing service. We classify any outstanding line of credit balance as a Level

liability, as the fair value is based on inputs that can be derived from information available in publicly quoted markets. As of

June

30,

2021

and

June

30,

2020,

we did

not

have any financial assets or liabilities classified as Level

We did

not

transfer any assets or liabilities between any levels during fiscal

2021.

Accounts Receivable

We perform ongoing credit evaluations of our customers and adjust credit limits based on payment history and customer credit-worthiness. An allowance for estimated doubtful accounts is maintained based on historical experience, including identified customer credit issues. We monitor collections regularly and adjust the allowance for doubtful accounts as necessary to recognize any changes in credit exposure. Upon conclusion that a receivable is uncollectible, we record the respective amount as a charge against allowance for doubtful accounts. To date, such doubtful accounts reserves, in the aggregate, have been adequate to cover collection losses.

Customer Deposits

For certain customers we have contract terms where the customer pays a certain portion of their orders as prepayment. We treat this as a customer deposit liability and do

not

record revenue until we ship the product to the customer. As of

June 30, 2021

we had

$1.7

million in customer deposits. As of

June 30, 2020

our customer deposit balance was

$0.1

million.

Inventories

We operate primarily as a private-label contract manufacturer. We build products based upon anticipated demand or following receipt of customer specific purchase orders. From time to time, we build inventory for private-label contract manufacturing customers under a specific purchase order with delivery dates that

may

subsequently be rescheduled or canceled at the customer's request. We value inventory at the lower of cost (

first

-in,

first

-out) or net realizable value on an item-by-item basis, including costs for raw materials, labor and manufacturing overhead. We establish reserves equal to all or a portion of the related inventory to reflect situations in which the cost of the inventory is

not

expected to be recovered. This requires us to make estimates regarding the market value of our inventory, including an assessment for excess and obsolete inventory. Once we establish an inventory reserve in a fiscal period, the reduced inventory value is maintained until the inventory is sold or otherwise disposed of. In evaluating whether inventory is stated at the lower of cost or net realizable value, management considers such factors as the amount of inventory on hand, the estimated time required to sell such inventory, the remaining shelf life and efficacy, the foreseeable demand within a specified time horizon and current and expected market conditions. Based on this evaluation, we record adjustments to cost of goods sold to adjust inventory to its net realizable value.

Property and Equipment

We state property and equipment at cost. Depreciation of property and equipment is provided using the straight-line method over their estimated useful lives, generally ranging from

years. We amortize leasehold improvements using the straight-line method over the shorter of the useful life of the improvement or the term of the lease. Maintenance and repairs are expensed as incurred. Significant expenditures that increase economic useful lives of property or equipment are capitalized and expensed over the useful life of such expenditure.

Impairment of Long-Lived Assets

We periodically evaluate the carrying value of long-lived assets to be held and used when events and circumstances indicate that the carrying amount of an asset

may

not

be recovered. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. During fiscal

2021

we recognized

$21,000

in impairment losses. We did

not

recognize any impairment losses during fiscal

2020.

Derivative Financial Instruments

may

use derivative financial instruments in the management of our foreign currency exchange risk inherent in our forecasted sales denominated in Euros. We

may

hedge our foreign currency exposures by entering into offsetting forward exchange contracts. To the extent we use derivative financial instruments, we account for them as cash flow hedges. Foreign exchange derivative instruments that do

not

meet the criteria for cash flow hedge accounting are marked-to-market through the Consolidated Statements of Operations and Comprehensive Income (Loss). Historically, our cash flow derivative instruments have met the criteria for hedge accounting.

We recognize any unrealized gains and losses associated with derivative instruments accounted for as cash flow hedges in income in the period in which the underlying hedged transaction is realized. To the extent the derivative instrument is deemed ineffective we would recognize the resulting gain or loss in income at that time. As of

June

30,

2021,

we held derivative contracts designated as cash flow hedges primarily to protect against the foreign exchange risks inherent in our forecasted sales of products at prices denominated in currencies other than the U.S. Dollar, which is primarily the Euro. As of

June

30,

2021,

the notional amounts of our foreign exchange contracts were

$60.4

million (

€51.3

million). These contracts will mature over the next

months.

As of

June 30, 2021,

we held foreign currency contracts

not

designated as cash flow hedges primarily to protect against change in valuation of an underlying balance sheet item. As of

June 30, 2021,

the notional amounts of our foreign currency contracts

not

designated as cash flow hedges were

$6.2

million (CHF

5.5

million). These contracts will mature in the

first

quarter of fiscal year

2022.

Defined Benefit Pension Plan

We formerly sponsored a defined benefit pension plan. Effective

June

21,

1999,

we adopted an amendment to freeze benefit accruals to the participants. The plan obligation and related assets of the plan are presented in the notes to the consolidated financial statements. Plan assets, which consist primarily of marketable equity and debt instruments, are valued based upon

third

party market quotations. Independent actuaries, through the use of a number of assumptions, determine plan obligations and annual pension expense. Key assumptions in measuring the plan obligations include the discount rate and estimated future return on plan assets. In determining the discount rate, we use an average long-term bond yield. Asset returns are based on the historical returns of multiple asset classes to develop a risk free rate of return and risk premiums for each asset class. The overall rate for each asset class was developed by combining a long-term inflation component, the risk free rate of return and the associated risk premium. A weighted average rate is developed based on the overall rates and the plan's asset allocation.

Revenue Recognition

We record revenue based on a

five

-step model which includes: (

) identifying a contract with a customer; (

) identifying the performance obligations in the contract; (

) determining the transaction price; (

) allocating the transaction price among the performance obligations; and (

) recognizing revenue as each of the various performance obligations are satisfied.

Revenue is measured as the net amount of consideration expected to be received in exchange for fulfilling

one

or more performance obligations. We identify purchase orders from customers as contracts. The amount of consideration expected to be received and revenue recognized includes estimates of variable consideration, including estimates for early payment discounts and volume rebates. Such estimates are calculated using historical averages adjusted for any expected changes due to current business conditions and experience. We review and update these estimates at the end of each reporting period and the impact of any adjustments is recognized in the period the adjustments are identified. In assessing whether collection of consideration from a customer is probable, we consider both the customer's ability and intent to pay that amount of consideration when it is due. Payment of invoices is due as specified in the underlying customer agreement, which is typically

days from the invoice date. Invoices are generally issued on the date of transfer of control of the products ordered to the customer.

Revenue is recognized at the point in time that each of our performance obligations is fulfilled, and control of the ordered products is transferred to the customer. This transfer occurs when the product is shipped, or in some cases, when the product is delivered to the customer.

We provide early payment discounts to certain customers. Based on historical payment trends, we expect that these customers will take advantage of these early payment discounts. The cost of these discounts is reported as a reduction to the transaction price. If the actual discounts differ from those estimated, the difference is also reported as a change in the transaction price. We require prepayment from certain customers. We record any payments received in advance of contracts fulfillment as a contract liability and classified as customer deposits on the consolidated balance sheet.

Except for product defects,

right of return exists on the sale of our products. We estimate returns based on historical experience and recognize a returns liability for any estimated returns. As of

June 30, 2021,

we have

known returns liability.

We have an Exclusive Manufacturing Agreement with The Juice Plus+ Company LLC (“Juice Plus+”) through

August 6, 2025.

Pursuant to the Exclusive Manufacturing Agreement, Juice Plus+ has granted us exclusive rights to manufacture and supply them with certain of their products within

countries where Juice Plus+ currently sells those products. Pursuant to this Exclusive Manufacturing Agreement, we provide Juice Plus+ with a cash discount. We recorded

$1.6

million of “Cash Sales Discount” for the year ended

June 30, 2021,

which was recorded as a reduction to net sales. We recorded

$1.6

million of “Cash Sales Discount” during the year ended

June 30, 2020,

with such amounts recorded as a reduction to net sales.

We currently own certain U.S. patents, and each patent's corresponding foreign patent applications. All of these patents and patent rights relate to the ingredient known as beta-alanine marketed and sold under our CarnoSyn® and SR CarnoSyn® trade names. We recorded beta-alanine raw material sales and royalty and licensing income as a component of revenue in the amount of

$14.2

million during fiscal

2021

and

$12.6

million during fiscal

2020.

These royalty income and raw material sale amounts resulted in royalty expense paid to the original patent holders from whom NAI acquired its patents and patent rights. We recognized royalty expense as a component of cost of goods sold in the amount of

$0.6

million during fiscal

2021

and

$0.5

million during fiscal

2020.

Cost of Goods Sold

Cost of goods sold includes raw material, labor, manufacturing overhead, and royalty expense.

Shipping and Handling Costs

We include fees earned on the shipment of our products to customers in sales and include costs incurred on the shipment of product to customers in costs of goods sold.

Research and Development Costs

As part of the services we provide to our private-label contract manufacturing customers, we

may

perform, but are

not

obligated to perform, certain research and development activities related to the development or improvement of their products. While our customers typically do

not

pay directly for this service, the cost of this service is included as a component of the price we charge to manufacture and deliver their products. We also direct and participate in clinical research studies, often in collaboration with scientists and research institutions, to validate the benefits of a product and provide scientific support for product claims and marketing initiatives.

Research and development costs are expensed when incurred. Our research and development expenses for the last

two

fiscal years ended

June

were

$1.9

million for fiscal

2021

and

$1.8

million for fiscal

2020.

These costs were included in selling, general and administrative expenses and cost of goods sold.

Advertising Costs

We expense the production costs of advertising the

first

time the advertising takes place. We incurred and expensed advertising costs in the amount of

$0.8

million during the fiscal year ended

June

30,

2021

and

$1.4

million during fiscal

2020.

These costs were included in selling, general and administrative expenses.

Income Taxes

The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted on

March 27, 2020

in the United States. The CARES Act and related notices include several significant provisions, including delaying certain payroll tax payments, mandatory transition tax payments under the Tax Cuts and Jobs Act (“TCJ Act”), and estimated income tax payments. We filed an amended return for our fiscal

2015

and fiscal

2016

tax years under provisions of the CARES act, as discussed below. We will continue to monitor and assess the impact of the CARES Act, and similar legislation in other countries, with respect to what impact such legislation

may

have on our business and financial results.

July 23, 2020,

the Department of Treasury issued final regulations which provide an exclusion to the global intangible low-taxed income (GILTI) calculation on an elective basis. These regulations were effective

September 21, 2020

and

may

be retroactively applied. Under these new regulations, we are able to exclude the GILTI calculation from our domestic taxable income if the deemed effective tax rate at our foreign subsidiary is greater than

18.9%.

We assessed this rate, including the implementation of certain tax strategies, and we have determined that our effective rate at NAIE is greater than

18.9%

as of the year ended

June 30, 2020.

We reassessed our estimated taxes for fiscal

2020

and in the year ended

June 30, 2021

we recorded a reduction to our fiscal

2020

estimated taxes of

$0.4

million as a discrete benefit. As a result of this adjustment, our domestic tax return for fiscal

2020

reflected a net operating loss which, in accordance with the CARES ACT, we carried back to fiscal

2015

and fiscal

2016,

which reflected a higher federal tax rate. Due to this rate differential we have recorded a permanent discrete tax benefit of

$0.3

million during the year ended

June 30, 2021.

For NAIE the result of this tax planning during the year ended

June 30, 2021

was an additional foreign estimated tax benefit of

$0.1

million.

To determine our quarterly provision for income taxes, we use an estimated annual effective tax rate that is based on expected annual income, statutory tax rates and tax planning opportunities available in the various jurisdictions to which we are subject. Certain significant or unusual items are separately recognized as discrete items in the quarter in which they occur and can be a source of variability in the effective tax rate from quarter to quarter. We recognize interest and penalties related to uncertain tax positions, if any, as an income tax expense.

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are measured and recorded using enacted tax rates for each of the jurisdictions in which we operate, and adjusted using the tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income or expense in the period that includes the enactment date.

We account for uncertain tax positions using the more-likely-than-

not

recognition threshold. It is our policy to establish reserves based on management's assessment of exposure for certain positions taken in previously filed tax returns that

may

become payable upon audit by tax authorities. Our tax reserves are analyzed quarterly and adjustments are made as events occur that we believe warrant adjustments to the reserves. Our practice is to recognize interest and/or penalties related to income tax matters in income tax expense. As of

June

30,

2021

and

June

30,

2020,

we did

not

record any tax liabilities for uncertain tax positions.

We record valuation allowances to reduce our deferred tax assets to an amount that we believe is more likely than

not

to be realized. In assessing the realizability of deferred tax assets, management considers whether it is more likely than

not

that some portion or all of the deferred tax assets will ultimately be realized based on whether future taxable income will be generated during the periods in which those temporary differences become deductible. During the year ended

June 30, 2021,

there was

change to our valuation allowance.

Stock-Based Compensation

We had an omnibus equity incentive plan that was approved by our Board of Directors effective

October

15,

2009

and approved by our stockholders at the Annual Meeting of Stockholders held on

November

30,

2009

(the

"2009

Plan"). The

2009

Plan expired on

October 15, 2019.

The Board of Directors approved a new omnibus equity incentive plan that became effective

January 1, 2021 (

the

“2020

Plan”), which was approved by our stockholders at the Annual Meeting of Stockholders on

December 4, 2020.

Under the

2020

Plan, we

may

grant nonqualified and incentive stock options, restricted stock grants, restricted stock units, stock appreciation rights, and other stock-based awards to employees, non-employee directors and consultants.

We estimate the fair value of stock option awards at the date of grant using the Black-Scholes option valuation model. The Black-Scholes option valuation model was developed for use in estimating the fair value of traded options that have

vesting restrictions and are fully transferable. Option valuation models require the use of highly subjective assumptions. Black-Scholes uses assumptions related to volatility, the risk-free interest rate, the dividend yield (which we assume to be zero, as we have

not

paid any cash dividends) and employee exercise behavior. Expected volatilities used in the model are based on the historical volatility of our stock price. The risk-free interest rate is derived from the U.S. Treasury yield curve in effect in the period of grant. The expected life of stock option grants is derived from historical experience. The fair value of restricted stock shares granted is based on the market price of our common stock on the date of grant. We amortize the estimated fair value of our stock awards to expense over the related vesting periods.

We recognize forfeitures as they occur.

Use of Estimates

Our management has made a number of estimates and assumptions relating to the reporting of assets and liabilities, revenue and expenses, and the disclosure of contingent assets and liabilities to prepare these consolidated financial statements in conformity with U.S. generally accepted accounting principles (GAAP). Actual results could differ from those estimates and our assumptions

may

prove to be inaccurate.

Net Income (Loss) per Common Share

We compute basic net income per common share using the weighted average number of common shares outstanding during the period, and diluted net income per common share using the additional dilutive effect of all dilutive securities. The dilutive impact of stock options and restricted shares account for the additional weighted average shares of common stock outstanding for our diluted net income per common share computation. We calculated basic and diluted net income per common share as follows (in thousands, except per share data):

	For the Years Ended June 30,
	2021		2020
Numerator
Net income (loss)	$	10,768	$	(1,645	)
Denominator
Basic weighted average common shares outstanding		6,291		6,695
Dilutive effect of stock options and restricted stock shares		88		—
Diluted weighted average common shares outstanding		6,379		6,695
Basic net income (loss) per common share	$	1.71	$	(0.25	)
Diluted net income (loss) per common share	$	1.69	$	(0.25	)

During the year ended

June 30, 2021,

we excluded shares relating to stock options totaling

22,500

and

52,108

shares of unvested restricted stock, as their impact would have been anti-dilutive.

In periods where we have a net loss, stock options and restricted stock are excluded from our calculation of diluted net income (loss) per common share, as their inclusion would have an antidilutive effect. For the year ended

June 30, 2020

we recorded a net loss for the year and therefore we excluded shares related to stock options totaling

130,000

and restricted stock totaling

323,904.

Concentrations of Credit Risk

Financial instruments that subject us to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. We place our cash and cash equivalents with highly rated financial institutions. Credit risk with respect to receivables is primarily concentrated with our

two

largest customers, whose receivable balances collectively represented

64.8%

of gross accounts receivable at

June

30,

2021

and

65.7%

June

30,

2020.

As of

June 30, 2021,

we had a receivable balance of

$3.5

million and as of

June 30, 2020

we had a receivable balance of

$3.3

million from a former contract manufacturing customer. We have recorded a bad debt reserve equal to

100%

of this outstanding balance and thus did

not

reflect it in the percentages listed above.

Additionally, amounts due related to our beta-alanine raw material sales were

8.6%

of gross accounts receivable at

June 30, 2021

and

2.5%

of gross accounts receivable at

June 30, 2020.

Concentrations of credit risk related to the remaining accounts receivable balances are limited due to the number of customers comprising our remaining customer base.

Note B - Inventories

12 Months Ended

Jun. 30, 2021

Inventory Disclosure [Text Block]

B. Inventories

Inventories, net, consisted of the following at

June

(in thousands):

	2021			2020
Raw materials	$	20,668		$	20,863
Work in progress		3,760			3,447
Finished goods		3,050			4,936
Reserve		(472	)		(1,274	)
	$	27,006		$	27,972

The inventory reserve as of

June 30, 2020,

included a reserve of

$1.0

million related to Kaged Muscle while the inventory reserve as of

June 30, 2021

did

not

include any amounts related to this former customer. During fiscal

2021,

through our efforts working with this former customer, we recovered

$0.8

million of the amount that was reserved during the year ended

June 30, 2020

and the remaining inventory balance and related reserve was converted to accounts receivable and allowance for doubtful accounts.

Note C - Property and Equipment

12 Months Ended

Jun. 30, 2021

Property, Plant and Equipment Disclosure [Text Block]

C. Property and Equipment

Property and equipment consisted of the following at

June

(dollars in thousands):

	Depreciable Life In Years			2021			2020
Land	NA			$	1,200		$	1,200
Building and building improvements	7	–	39		3,757			3,743
Machinery and equipment	3	–	12		35,458			33,405
Office equipment and furniture	3	–	5		5,712			5,318
Vehicles		3			255			255
Leasehold improvements	1	–	15		20,236			18,031
Total property and equipment					66,618			61,952
Less: accumulated depreciation and amortization					(44,347	)		(40,429	)
Property and equipment, net				$	22,271		$	21,523

Depreciation expense was approximately

$4.3

million in fiscal

2021

and

$4.0

million in fiscal

2020.

Note D - Leases

12 Months Ended

Jun. 30, 2021

Lessee, Operating Leases [Text Block]

D. Leases

July 1, 2019,

we adopted FASB Accounting Standards Codification, or ASC, Topic

842,

Leases

, or ASC

842,

which requires the recognition of the right-of-use assets and related operating and finance lease liabilities on the balance sheet. As permitted by ASC

842,

we elected the adoption date of

July 1, 2019,

which is the date of initial application. Under ASC

842,

all leases greater than

one

year are required to be recorded on the balance sheet and are classified as either operating leases or finance leases. The lease classification affects the expense recognition in the income statement. Operating lease expenses are recorded entirely in operating expenses. Finance lease charges are split, where amortization of the right-of-use asset is recorded in operating expenses and an implied interest component is recorded in interest expense.

We adopted ASC

842

using a modified retrospective approach for all leases existing at

July 1, 2019.

The adoption of ASC

842

had a substantial impact on our balance sheet. The most significant impact was the recognition of the operating lease right-of-use assets and the liability for operating leases. As of

July 1, 2019,

we had

finance leases. Upon adoption, leases that were previously classified as operating leases under ASC

840

were classified as operating leases under ASC

842,

and we recorded an adjustment of

$20.7

million to operating lease right-of-use assets and an adjustment of

$20.9

million to the related lease liability. The lease liability is based on the present value of the remaining minimum lease payments, determined under ASC

842,

discounted using our secured incremental borrowing rate at the effective date of

July 1, 2019,

and using the expected lease term, including any optional renewals, as the tenor. As permitted under ASC

842,

we elected several practical expedients that permit us to

not

reassess (

) whether existing contracts are or contain a lease, (

) the classification of existing leases, and (

) whether previously capitalized costs continue to qualify as initial indirect costs. The application of the practical expedients did

not

have a significant impact on the measurement of the operating lease liability.

Other information related to leases was as follows (in thousands) for the year ended

June 30,

Supplemental Cash Flows Information	2021		2020
Cash paid for amounts included in the measurement of operating lease Liabilities	$	3,298	$	3,453
Operating lease liabilities arising from recording Right of Use Assets upon adoption of ASC 842		—		20,897
Operating lease liabilities arising from obtaining Right of Use Assets for new leases		187		120

We lease substantially all of our product manufacturing and support office space used to conduct our business. For contracts entered into on or after that effective date, at the inception of a contract we assess whether the contract is, or contains, a lease. Our assessment is based on: (

) whether the contract involves the use of a distinct identified asset, (

) whether we obtain the right to substantially all the economic benefit from the use of the asset throughout the period of the contract, and (

) whether we have the right to direct the use of the asset during such time period. At inception of a lease, we allocate the consideration in the contract to each lease component based on its relative stand-alone price to determine the lease payments.

Leases are classified as either finance leases or operating leases. A lease must be classified as a finance lease if any of the following criteria are met: the lease transfers ownership of the asset by the end of the lease term, the lease contains an option to purchase the asset that is reasonably certain to be exercised, the lease term is for a major part of the remaining useful life of the asset or the present value of the lease payments equals or exceeds substantially all of the fair value of the asset. A lease is classified as an operating lease if it does

not

meet any of these criteria. Substantially all our operating leases are comprised of payments for the use of manufacturing space. We have

leases classified as finance leases. As of

June 30, 2021,

the weighted average remaining lease term for our operating leases was

6.3

years. The weighted average discount rate for our operating leases was

3.24%.

As of

June 30, 2020,

the weighted average remaining lease term for our operating leases was

7.2

years. The weighted average discount rate for our operating leases was

3.24%.

For all leases at the lease commencement date, a right-of-use asset and a lease liability are recognized. The right-of-use asset represents the right to use the leased asset for the lease term. The lease liability represents the present value of the lease payments under the lease.

The right-of-use asset is initially measured at cost, which primarily comprises the initial amount of the lease liability, plus any initial direct costs incurred, consisting mainly of brokerage commissions, less any lease incentives received. All right-of-use assets are reviewed for impairment. The lease liability is initially measured at the present value of the lease payments, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, our secured incremental borrowing rate for the same term as the underlying lease. For our real estate and other operating leases, we use our secured incremental borrowing rate.

Lease payments included in the measurement of the lease liability comprise the following: the fixed noncancelable lease payments, payments for optional renewal periods where it is reasonably certain the renewal period will be exercised, and payments for early termination options unless it is reasonably certain the lease will

not

be terminated early.

Some of our manufacturing leases contain variable lease payments, including payments based on an index or rate. Variable lease payments based on an index or rate are initially measured using the index or rate in effect at lease commencement and separated into lease and non-lease components based on the initial amount stated in the lease or standalone selling prices. Lease components are included in the measurement of the initial lease liability. Additional payments based on the change in an index or rate, or payments based on a change in our portion of the operating expenses, including real estate taxes and insurance, are recorded as a period expense when incurred. Lease modifications result in remeasurement of the lease liability.

Lease expense for operating leases consists of the lease payments plus any initial direct costs, primarily brokerage commissions, and is recognized on a straight-line basis over the lease term. Included in lease expense are any variable lease payments incurred in the period that were

not

included in the initial lease liability. Lease expense for finance leases consists of the amortization of the right-of-use asset on a straight-line basis over the lease term and interest expense determined on an amortized cost basis. The lease payments are allocated between a reduction of the lease liability and interest expense.

We have elected

not

to recognize right-of-use assets and lease liabilities for short-term leases that have a term of

months or less. The effect of short-term leases on our right-of-use asset and lease liability was

not

material.

Note E - Other Comprehensive Loss

12 Months Ended

Jun. 30, 2021

Comprehensive Income (Loss) Note [Text Block]

E. Other comprehensive loss

Other comprehensive (loss) income (“OCL” and “OCI”) consisted of the following at

June

(dollars in thousands):

	Year Ended June 30, 2021
	Defined Benefit Pension Plan			Unrealized (Losses) Gains on Cash Flow Hedges			Total

Balance as of June 30, 2020	$	(888	)	$	(295	)	$	(1,183	)

OCI/OCL before reclassifications		337			(2,817	)		(2,480	)
Amounts reclassified from OCI		123			3,173			3,296

Tax effect of OCI activity		(110	)		(84	)		(194	)
Net current period OCI/OCL		350			272			622
Balance as of June 30, 2021	$	(538	)	$	(23	)	$	(561	)

	Year Ended June 30, 2020
	Defined Benefit Pension Plan			Unrealized (Losses) Gains on Cash Flow Hedges			Total

Balance as of June 30, 2019	$	(491	)	$	783		$	292

ASU 2018-02 Adjustment		(74	)		(54	)		(128	)
OCI/OCL before reclassifications		(404	)		1,400			988
Amounts reclassified from OCI		(20	)		(2,747	)		(2,759	)

Tax effect of OCI activity		101			323			424
Net current period OCI/OCL		(397	)		(1,078	)		(1,475	)
Balance as of June 30, 2020	$	(888	)	$	(295	)	$	(1,183	)

Note F - Debt	12 Months Ended
Note F - Debt	Jun. 30, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	F. Debt On May 24, 2021, we entered into a new credit facility with Wells Fargo Bank, N.A. to extend the maturity for our working line of credit from November 1, 2022, to May 24, 2024. This new credit facility provides total lending capacity of up to $20.0 million and allows us to use the credit facility for working capital as well as potential acquisitions. Under the terms of the Credit Agreement, borrowings are subject to eligibility requirements including maintaining (i) a ratio of total liabilities to tangible net worth of not greater than 1.25 to 1.0 at any time; and (ii) a ratio of total current assets to total current liabilities of not less than 1.75 to 1.0 at each fiscal quarter end (iii) net income after taxes not less than $1.00, determined on a trailing four quarter basis with no two consecutive quarterly losses, determined as of each quarter end. The credit agreement also includes a limitation on the amount of capital expenditures that can be made in a given fiscal year, with such limitation set at $10.0 million for our fiscal year ending June 30, 2022 and $7.5 million for all fiscal years thereafter Any amounts outstanding under the line of credit will bear interest at a fixed or fluctuating interest rate as elected by us from time to time; provided, however, that if the outstanding principal amount is less than $100,000 such amount shall bear interest at the then applicable fluctuating rate of interest. If elected, the fluctuating rate per annum would be equal to 1.25% above the daily one month LIBOR rate as in effect from time to time. If a fixed rate is elected, it would equal a per annum rate of 1.25% above the LIBOR rate in effect on the first day of the applicable fixed rate term. Any amounts outstanding under the line of credit must be paid in full on or before the maturity date. Amounts outstanding that are subject to a fluctuating interest rate may be prepaid at any time without penalty. Amounts outstanding that are subject to a fixed interest rate may be prepaid at any time in minimum amounts of $100,000, subject to a prepayment fee equal to the sum of the discounted monthly differences between payment under a fixed rate versus payment under the variable rate for each month from the month of prepayment through the month in which the then applicable fixed rate term matures. There is an unused commitment fee of 0.125% required as part of this new credit facility. Our obligations under the Credit Agreement are secured by our accounts receivable and other rights to payment, general intangibles, inventory, equipment and fixtures. We also have credit approval with Wells Fargo Bank, N.A. which allows us to hedge foreign currency exposures up to 30 months in the future. We also have credit approval with Bank of America which allows us to hedge foreign currency exposures up to 24 months in the future. On June 30, 2021, we were in compliance with all of the financial and other covenants required under the Credit Agreement. In light of the global economic uncertainty related to COVID- 19 and as a preventative measure to provide our business with potentially necessary liquidity, and out of an abundance of caution, we withdrew $10.0 million from our credit facility with Wells Fargo during the year ended June 30, 2020. During February 2021 we fully repaid the entire balance of our $10.0 million credit line with Wells Fargo, bringing our debt under the line to zero. As of June 30, 2021, we had the full $20.0 million available for borrowing under our credit facility with Wells Fargo Bank.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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Note G - Income Taxes

12 Months Ended

Jun. 30, 2021

Income Tax Disclosure [Text Block]

G. Income Taxes

During fiscal

2021,

we recorded U.S.-based domestic tax expense of

$0.6

million. During fiscal

2020,

we recorded U.S.-based domestic tax benefit of

$0.8

million.

The following is a geographical breakdown of income (loss) before income taxes (in thousands):

	2021		2020

United States	$	7,462	$	(5,742	)
Foreign		4,663		4,004
Total income (loss) before income taxes	$	12,125	$	(1,738	)

The provision for income taxes for the years ended

June

consisted of the following (in thousands):

	2021			2020
Current:
Federal	$	274		$	31
State		59			4
Foreign		1,238			728
		1,571			763
Deferred:
Federal		44			(641	)
State		211			(215	)
Foreign		(469	)		—
		(214	)		(856	)
Total provision (benefit) for income taxes	$	1,357		$	(93	)

Net deferred tax assets and deferred tax liabilities as of

June

were as follows (in thousands):

	2021			2020
Deferred tax assets:
Inventory capitalization	$	259		$	412
Inventory reserves		143			301
Pension liability		150			260
Lease liability		2,477			2,732
Net operating loss carry forward		94			245
Accrued compensation		568			—
Stock-based compensation		96			157
Forward contracts		8			93
Tax credit carry forward		300			340
Allowance for bad debt		863			819
Other, net		3			246
Total gross deferred tax assets		4,961			5,605


Deferred tax liabilities:
Withholding taxes		(1,133	)		(1,133	)
Fixed Assets		(997	)		(1,011	)
Foreign inventory reserves		—			(469	)
Lease asset		(2,413	)		(2,681	)
Other, net		(204	)		(115	)
Deferred tax liabilities		(4,747	)		(5,409	)
Net deferred tax assets	$	214		$	196

June

30,

2021,

we had state tax net operating loss carry forwards of approximately

$1.3

million. Under California Assembly Bill

85,

effective

June 29, 2020,

net operating loss deductions were suspended for tax years beginning in

2019,

2020,

and

2021

and the carry forward periods of any net operating losses

not

utilized due to such suspension were extended. Our state tax loss carry forwards will begin to expire in fiscal

2029,

unless used before their expiration.

Pursuant to Section

382

of the Internal Revenue Code of

1986,

as amended (the “Code”), the annual use of the net operating loss carry forwards and research and development tax credits could be limited by any greater than

50%

ownership change during any

three

-year testing period. We did

not

have any ownership changes that met this criterion during the fiscal years ended

June

30,

2021

and

June

30,

2020.

We are subject to taxation in the U.S., Switzerland and various state jurisdictions. Our tax years for the fiscal year ended

June 30, 2015

and forward are subject to examination by the U.S. tax authorities. Our tax years for the fiscal years ended

June 30, 2017

and forward are subject to examination by the state tax authorities. Our tax years for the fiscal year ended

June 30, 2020

and forward are subject to examination by the Swiss tax authorities.

NAIE's effective tax rate for the fiscal year ending

June 30, 2021

for Swiss federal, cantonal and communal taxes is approximately

16.5%.

Excluding the discrete tax item recorded as part of the GILTI final regulations, NAIE's effective tax rate for the year ending

June 30, 2021

18.9%.

As part of the Tax Cuts and Jobs Act of

2017

(the Tax Act), we were required to recognize a

one

-time deemed repatriation transition tax during the fiscal year ended

June 30, 2018

based on our total post-

1986

earnings and profits (E&P) from our Swiss subsidiary, NAIE. This accumulated E&P amount has historically been considered permanently reinvested thereby allowing us to defer recognizing any U.S. income tax on the amount. We

longer consider undistributed foreign earnings from NAIE as of

December 31, 2017

as indefinitely reinvested. We consider earnings accumulated subsequent to

December 31, 2017

as indefinitely reinvested.

A reconciliation of our income tax provision computed by applying the statutory federal income tax rate of

21%

for fiscal

2021

and for fiscal

2020

to net income before income taxes for the year ended

June

is as follows (dollars in thousands):

	2021			2020
Income taxes computed at statutory federal income tax rate	$	2,546		$	(364	)
State income taxes, net of federal income tax expense		189			(174	)
Permanent Differences		(6	)		155
Foreign tax rate differential		(210	)		(112	)
Tax credits		(60	)		—
FDII export sales incentive		(137	)		—
Stock based compensation		(231	)		—
Global intangible low-taxed income (GILTI)		28			402
GILTI final regulations planning		(436	)		—
CARES Act rate differential		(326	)		—
Income tax provision as reported	$	1,357		$	(93	)
Effective tax rate		11.3	%		5.4	%

The effective tax rate for the year ended

June 30, 2021

was

11.3%.

The effective tax rate for the year ended

June 30, 2021

differs from the estimated U.S. federal statutory rate of

21%

due primarily to the global intangible low-taxed income (GILTI) enacted as part of the Tax Act, and permanent differences, which primarily include discrete tax items related to stock option exercises and employee stock vesting. In comparison, the effective tax rate for the year ended

June 30, 2020

was

5.4%.

The effective tax rate for the year ended

June 30, 2020

differs from the estimated U.S. federal statutory rate of

21%

due primarily to the global intangible low-taxed income (GILTI) enacted as part of the Tax Act, and permanent differences, which primarily include discrete tax items related to employee stock vesting. We expect our U.S. federal statutory rate to be

21%

for fiscal years going forward.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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Note H - Employee Benefit Plans

12 Months Ended

Jun. 30, 2021

Retirement Benefits [Text Block]

H. Employee Benefit Plans

401

(k) Plan

We have a profit sharing plan pursuant to Section

401

(k) of the Code, whereby participants

may

contribute a percentage of compensation

not

in excess of the maximum allowed under the Code. All employees with

six

months or longer of continuous employment are eligible to participate in the plan. Under the

401

(k) plan, we match

100%

of the

first

and

50%

of the next

of a participant's compensation contributed to the plan. The total contributions under the plan charged to income from operations totaled

$0.4

million for fiscal

2021

and

$0.3

million for fiscal

2020.

We have a “Cafeteria Plan” pursuant to Section

125

of the Code, whereby health care benefits are provided for active employees through insurance companies. Substantially all active full-time employees are eligible for these benefits. We recognize the cost of providing these benefits by expensing the annual premiums, which are based on benefits paid during the year. The premiums expensed to income from operations for these benefits totaled

$1.2

million for the fiscal year ended

June

30,

2021

and

$1.4

million for the fiscal year ended

June 30, 2020.

Deferred Compensation Plan

Effective

July 16, 2020,

the Board of Directors approved and adopted a Non-Qualified Incentive Plan (the “Incentive Plan”). Pursuant to the Incentive Plan, the Human Resources Committee and the Board of Directors

may

make deferred cash payments or other cash awards (“Awards”) to directors, officers, employees and eligible consultants of NAI, (“Participants”). These Awards are made subject to conditions precedent that must be met before NAI is obligated to make the payment. The purpose of the Incentive Plan is to enhance the long-term stockholder value of NAI by providing the Human Resources Committee and the Board of Directors the ability to make deferred cash payments or other cash awards to encourage Participants to serve NAI or to remain in the service of NAI, or to assist NAI to achieve results determined by the Human Resources Committee or the Board of Directors to be in NAI's best interest.

The Incentive Plan authorizes the Human Resources Committee or the Board of Directors to grant to, and administer, unsecured and deferred cash Awards to Participants and to subject each Award to whatever conditions are determined appropriate by the Human Resources Committee or the Board of Directors. The terms of each Award, including the amount and any conditions that must be met to be entitled to payment of the Award are set forth in an Award Agreement between each Participant and NAI. The Incentive Plan provides the Board of Directors with the discretion to set aside assets to fund the Incentive Plan although that has

not

been done to date.

During the year ended

June 30, 2021,

we granted a total of

$1.5

million in deferred cash awards to members of our Board of Directors and certain key members of our management team. Each deferred cash award provides for

three

equal cash payments to the applicable Participant to be paid on the

one

year,

two

year, and

three

year anniversaries of the date of the grant of such Awards, (the “Award Date”); provided on the date of each payment (the “Payment Date”), the Participant has been since Award Date, and continues to be through the Payment Date, a member of our Board of Directors or an employee of NAI. In the event a Participant ceases to be an employee of NAI or a member of our Board of Directors prior to any Payment Date,

further payments shall be made in connection with the Award.

Defined Benefit Pension Plan

We formerly sponsored a defined benefit pension plan, which provides retirement benefits to employees based generally on years of service and compensation during the last

five

years before retirement. Effective

June

21,

1999,

we adopted an amendment to freeze benefit accruals to the participants. Annually, we contribute an amount

not

less than the minimum funding requirements of the Employee Retirement Income Security Act of

1974

nor more than the maximum tax-deductible amount.

Disclosure of Funded Status

The following table sets forth the defined benefit pension plan's funded status and amount recognized in our consolidated balance sheets at

June

(in thousands):

	2021			2020
Change in Benefit Obligation:
Benefit obligation at beginning of year	$	2,035		$	1,615
Interest cost		39			46
Actuarial loss		(43	)		380
Benefits paid		(211	)		(6	)
Benefit obligation at end of year	$	1,820		$	2,035
Change in Plan Assets:
Fair value of plan assets at beginning of year	$	1,339		$	1,369
Actual return on plan assets		294			(24	)
Employer contributions		7			—
Benefits paid		(211	)		(6	)
Plan expenses		—			—
Fair value of plan assets at end of year	$	1,429		$	1,339
Reconciliation of Funded Status:
Difference between benefit obligation and fair value of plan assets	$	(391	)	$	(696	)
Unrecognized net actuarial loss in accumulated other comprehensive income		626			1,087
Net amount recognized	$	235		$	391

Projected benefit obligation	$	1,820		$	2,035
Accumulated benefit obligation	$	1,820		$	2,035
Fair value of plan assets	$	1,429		$	1,339

The weighted-average discount rate used for determining the projected benefit obligations for the defined benefit pension plan was

2.74%

for the year ended

June 30, 2021

and

2.45%

during the year ended

June

30,

2020.

Net Periodic Benefit Cost

The components included in the defined benefit pension plan's net periodic benefit expense for the fiscal years ended

June

were as follows (in thousands):

	2021			2020
Interest cost	$	39		$	46
Expected return on plan assets		(59	)		(69	)
Recognized actuarial loss		110			50
Settlement loss		73			—
Net periodic benefit expense	$	163		$	27

In the fiscal year ended

June 30, 2021,

we contributed

$7,000

to our defined benefit pension plan. In the fiscal year ended

June 30, 2020,

we did

not

contribute to our defined benefit pension plan.

The following is a summary of changes in plan assets and benefit obligations recognized in other comprehensive income (loss) (in thousands):

	2021			2020
Net (gain) loss	$	(277	)	$	481
Settlement loss		(73	)		—
Amortization of net loss		(110	)		(57	)
Plan expenses		—			—
Total recognized in other comprehensive (loss) income	$	(460	)	$	424
Total recognized in net periodic benefit cost and other comprehensive income	$	(297	)	$	451

The estimated net loss for the defined benefit pension plan that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the next fiscal year is

$34,000.

We do

not

have any transition obligations or prior service costs recorded in accumulated other comprehensive income.

The following benefit payments are expected to be paid (in thousands):

2022	$	787
2023		109
2024		—
2025		323
2026		16
2027-2031		345
Total benefit payments expected to be paid	$	1,580

The weighted-average rates used for the years ended

June

in determining the defined benefit pension plan's net pension costs, were as follows:

	2021			2020
Discount rate		2.74	%		2.45	%
Expected long-term rate of return		6.60	%		6.50	%
Compensation increase rate		N/A			N/A

Our expected rate of return is determined based on a methodology that considers historical returns of multiple classes analyzed to develop a risk free real rate of return and risk premiums for each asset class. The overall rate for each asset class was developed by combining a long-term inflation component, the risk free real rate of return, and the associated risk premium. A weighted average rate was developed based on those overall rates and the target asset allocation of the plan.

Our defined benefit pension plan's weighted average asset allocation at

June

and weighted average target allocation were as follows:

	2021			2020			Target Allocation
Equity securities		62	%		52	%		54	%
Debt securities		25	%		32	%		43	%
Commodities		12	%		12	%		0	%
Cash and money market funds		1	%		4	%		3	%
		100	%		100	%		100	%

The underlying basis of the investment strategy of our defined benefit pension plan is to ensure that pension funds are available to meet the plan's benefit obligations when due. Our investment strategy is a long-term risk controlled approach using diversified investment options with relatively minimal exposure to volatile investment options like derivatives.

The fair values by asset category of our defined benefit pension plan at

June

30,

2021

were as follows (in thousands):

	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash and money market funds	$	9	$	9	$	—	$	—
Commodities and other	$	172	$	172	$	—	$	—
Equity securities (1)	$	882	$	882	$	—	$	—
Debt securities (2)	$	366	$	366	$	—	$	—
Total	$	1,429	$	1,429	$	—	$	—

(

)

This category is comprised of publicly traded funds, of which

83%

are large-cap funds,

10%

are developed market funds, and

are emerging markets equity funds.

(

)

This category is comprised of publicly traded funds, of which

52%

are U.S. fixed income funds and

48%

are corporate and foreign market fixed income funds.

The entire disclosure for retirement benefits.

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Note I - Stockholders' Equity

12 Months Ended

Jun. 30, 2021

Stockholders' Equity Note Disclosure [Text Block]

I. Stockholders

Equity

Treasury Stock

September 18, 2020,

the Board of Directors authorized a

$2.0

million increase to our stock repurchase plan (“Repurchase Plan”), thus bringing the total authorized repurchase amount to

$12.0

million. On

March 12, 2021,

the Board of Directors authorized an additional

$3.0

million increase to the Repurchase Plan, thus bringing the total authorized repurchase amount to

$15.0

million. Under the Repurchase Plan, we

may,

from time to time, purchase shares of our common stock, depending upon market conditions, in open market or privately negotiated transactions.

Treasury Stock repurchases for the year ended

June 30, 2021

were as follows:

	Shares		Average Cost		Total Cost (in thousands)
Shares purchased under Repurchase Plan		385,822	$	8.28	$	3,197
Shares acquired in connection with stock option exercises		30,442		9.95		303
Shares acquired from employees for restricted stock vesting		47,228		13.69		647
Total		463,492			$	4,147

Treasury Stock repurchases for the year ended

June 30, 2020

were as follows:

	Shares		Average Cost		Total Cost (in thousands)
Shares purchased under Repurchase Plan		400,787	$	8.25	$	3,305
Shares acquired in connection with stock option exercises		—		—		—
Shares acquired from employees for restricted stock vesting		61,913		7.14		442
Total		462,700			$	3,747

Treasury stock repurchase costs include commissions and fees.

Shares acquired from employees for restricted stock vesting and stock options exercises were returned to us by the related employees and in return we paid each employee's required tax withholding resulting from the vesting of restricted shares. The valuation of the shares acquired and thereby the number of shares returned to us was calculated based on the closing share price on the date the shares vested.

Stock Incentive Plans

Stock option activity for the year ended

June

30,

2021

was as follows:

	2009 Plan			Weighted Average Exercise Price		Weighted Average Contractual Term (in years)		Aggregate Intrinsic Value
Vested and exercisable at June 30, 2020		130,000		$	6.28
Exercised		(130,000	)	$	6.28
Forfeited		—		$	—
Granted		—		$	—
Outstanding at June 30, 2021		—		$	—		—	$	—
Vested and exercisable at June 30, 2021		—		$	—		—	$	—

Of the

130,000

options exercised,

120,000

of these option exercises were cashless net exercises resulting in the issuance of

55,915

shares for the year ended

June 30, 2021.

Stock option activity for the year ended

June

30,

2020

was as follows:

	2009 Plan		Weighted Average Exercise Price		Weighted Average Contractual Term (in years)		Aggregate Intrinsic Value
Vested and exercisable at June 30, 2019		130,000	$	6.28
Exercised		—	$	—
Forfeited		—	$	—
Granted		—	$	—
Outstanding at June 30, 2020		130,000	$	6.28		0.59	$	150,400
Vested and exercisable at June 30, 2020		130,000	$	6.28		0.59	$	150,400

Restricted stock activity for the year ended

June 30, 2021

was as follows:

	Number of Shares – 2009 Plan			Weighted Average Grant Date Fair Value
Nonvested at June 30, 2020		197,650		$	11.06
Granted		—		$	—
Vested		(136,326	)	$	10.88
Forfeited		—		$	—
Nonvested at June 30, 2021		61,324		$	11.47
Available for grant at June 30, 2021		—

	Number of Shares – 2020 Plan				Weighted Average Grant Date Fair Value
Nonvested at June 30, 2020		—		$	—
Granted		91,773		$	16.81
Vested		(4,000	)	$	16.81
Forfeited		—		$	—
Nonvested at June 30, 2021		87,773		$	16.81
Available for grant at June 30, 2021		608,227

Restricted stock activity for the year ended

June 30, 2020

was as follows:

	Number of Shares – 2009 Plan			Weighted Average Grant Date Fair Value
Nonvested at June 30, 2019		383,988		$	10.70
Granted		5,000		$	8.50
Vested		(176,338	)	$	10.33
Forfeited		(15,000	)	$	9.65
Nonvested at June 30, 2020		197,650		$	11.06

Restricted stock grants, granted to members of our Board of Directors and certain key members of our management team, vest over a period of years from the date of grant and the unvested shares cannot be sold or otherwise transferred and the right to receive dividends, if declared by our Board of Directors, is forfeitable until the shares become vested. The total remaining unrecognized compensation cost related to unvested restricted stock shares amounted to

$1.8

million at

June 30, 2021

and the weighted average remaining requisite service period of unvested restricted stock shares was

1.9

years.

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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Note J - Commitments

12 Months Ended

Jun. 30, 2021

Commitments Disclosure [Text Block]

J. Commitments

We lease a total of

162,000

square feet at our manufacturing facility in Vista, California from an unaffiliated

third

party under a non-cancelable operating lease. On

July 31, 2013,

we executed a

third

amendment to the lease for our manufacturing facility in Vista, CA. As a result of this amendment, our facility lease has been extended through

March 2024.

NAIE leases facility space in Manno, Switzerland from

two

unaffiliated

third

parties. The leased spaces total approximately

125,000

square feet

We primarily use the facilities for manufacturing, packaging, warehousing and distributing nutritional supplement products for the European and Asian marketplaces. On

July 1, 2019,

NAIE extended the lease on its main manufacturing facility for an additional

five

years through

June 30, 2024.

November 5, 2018,

NAIE entered into a lease with Sofinol SA for approximately

2,870

square meters of commercial warehouse space in a building located on the property adjacent to the leasehold for the primary existing NAIE facility in Manno Switzerland. NAIE uses the space primarily for raw material storage. The lease is for an initial

five

-year term commencing on

January 1, 2019

and NAIE can terminate the lease with

months advance notice given on

June

30th

December

31st

each year of the initial term. At the end of the initial term the lease converts to a year to year lease at the same rental rate terminable by NAIE or the landlord upon

months' advance notice.

Minimum rental commitments (exclusive of property tax, insurance and maintenance) under all non-cancelable operating leases with initial or remaining lease terms in excess of

one

year, including the lease agreements referred to above, are set forth below as of

June

30,

2021

(in thousands):

		2022				2023				2024				2025				2026				There- after				Total
Gross minimum rental commitments		$	3,193			$	3,186			$	2,659			$	—			$	—			$	—			$	9,038

Rental expense totaled

$3.4

million for the fiscal year ended

June

30,

2021

and

$3.2

million for the fiscal year ended

June 30, 2020.

Note K - Economic Dependency

12 Months Ended

Jun. 30, 2021

Concentration Risk Disclosure [Text Block]

K. Economic Dependency

We had substantial net sales to certain customers during the fiscal years ended

June

shown in the following table. The loss of any of these customers, or a significant decline in sales or the growth rate of sales to these customers, or in their ability to make payments when due, could have a material adverse impact on our net sales and net income. Net sales to any

one

customer representing

10%

or more of the respective year's consolidated net sales were as follows (dollars in thousands):

	Fiscal 2021		Fiscal 2020
Customer 1	$	90,820	$	52,462
Customer 2		25,410		24,692
	$	116,230	$	77,154

Accounts receivable from these customers totaled

$14.0

million at

June

30,

2021

and

$13.4

million at

June

30,

2020.

We buy certain products, including beta-alanine, from a single supplier. The loss of this supplier or other raw material suppliers could have a material adverse impact on our net sales and net income. Raw material purchases from any

one

supplier representing

10%

or more of the respective period's total raw material purchases were as follows (dollars in thousands):

	Year ended June 30,
	2021					2020
	Raw Material Purchases by Supplier		% of Total Raw Material Purchases			Raw Material Purchases by Supplier		% of Total Raw Material Purchases
Supplier 1	$	23,033		24	%		(a)		(a)	%
Supplier 2		(a)		(a)			6,356		10
	$	23,033		24	%	$	6,356		10	%

(a)

Purchases were less than

10%

of the respective period's total raw material purchases.

Note L - Derivatives and Hedging	12 Months Ended
Note L - Derivatives and Hedging	Jun. 30, 2021
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	L. Derivatives and Hedging We are exposed to gains and losses resulting from fluctuations in foreign currency exchange rates relating to forecasted product sales denominated in foreign currencies and transactions of NAIE, our foreign subsidiary. As part of our overall strategy to manage the level of exposure to the risk of fluctuations in foreign currency exchange rates, we may use foreign exchange contracts in the form of forward contracts. There can be no guarantee any such contracts, to the extent we enter into such contracts, will be effective hedges against our foreign currency exchange risk. During the year ended June 30, 2021 and prior, we entered into forward contracts designated as cash flow hedges primarily to protect against the foreign exchange risks inherent in our forecasted sales of products at prices denominated in currencies other than the U.S. dollar. These contracts are expected to be settled through August 2022. For derivative instruments that are designated and qualify as cash flow hedges, we record the effective portion of the gain or loss on the derivative in accumulated other comprehensive income (OCI) as a separate component of stockholders' equity and subsequently reclassify these amounts into earnings in the period during which the hedged transaction is recognized in earnings. For foreign currency contracts designated as cash flow hedges, hedge effectiveness is measured using the spot rate. Changes in the spot-forward differential are excluded from the test of hedge effectiveness and are recorded currently in earnings as revenue. We measure effectiveness by comparing the cumulative change in the hedge contract with the cumulative change in the hedged item as well as ensuring the assumptions we made at hedge inception have not materially changed. No hedging relationships were terminated as a result of ineffective hedging for the years ended June 30, 2021 and June 30, 2020. We monitor the probability of forecasted transactions as part of the hedge effectiveness testing on a quarterly basis. As of June 30, 2021, the notional amounts of our foreign exchange contracts were $60.4 million ( €51.3 million). As of June 30, 2021, a net loss of approximately $33,000 offset by $8,000 of deferred taxes, related to derivative instruments designated as cash flow hedges was recorded in OCI. As of June 30, 2020, a net loss of approximately $0.4 million, offset by $0.1 million of deferred taxes, related to derivative instruments designated as cash flow hedges was recorded in OCI. It is expected that $6,000 of the gross loss as of June 30, 2021, will be reclassified into earnings in the next 12 months along with the earnings effects of the related forecasted transactions. As of June 30, 2021, $0.6 million of the fair value of our cash flow hedges was classified as a current liability, and $4,000 was classified as a long-term liability in our Consolidated Balance Sheets. During the year ended June 30, 2021, we recognized $2.8 million of net losses in OCI, reclassified $3.2 million of losses and forward point amortization from OCI to Net Sales. During the year ended June 30, 2020, we recognized $1.4 million of net gains in OCI, reclassified $2.7 million of gains and forward point amortization from OCI to Net Sales, and reclassified $0.1 million of gains from OCI to Other Income. For foreign currency contracts not designated as cash flow hedges, changes in the fair value of the hedge are recorded directly to foreign exchange gain or loss in other income in an effort to offset the change in valuation of the underlying hedged item. During the year ended June 30, 2021 we entered into forward contracts in order to hedge foreign exchange risk associated with our lease liability at NAIE, which is denominated in Swiss Francs (CHF). As of June 30, 2021, the notional amounts of our foreign exchange contracts not designated as cash flow hedges were approximately $6.2 million (CHF 5.5 million). As of June 30, 2021, $0.2 million of the fair value of our foreign exchange contracts not designated as cash flow hedges was classified as a current liability in our Consolidated Balance Sheets.

Note M - Contingencies	12 Months Ended
Note M - Contingencies	Jun. 30, 2021
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	M. Contingencies From time to time, we become involved in various investigations, claims and legal proceedings that arise in the ordinary course of our business. These matters may relate to product liability, employment, intellectual property, tax, regulation, contract or other matters. The resolution of these matters as they arise will be subject to various uncertainties and, even if such claims are without merit, could result in the expenditure of significant financial and managerial resources. While unfavorable outcomes are possible, based on available information, we generally do not believe the resolution of these matters will result in a material adverse effect on our business, consolidated financial condition, or results of operations and the price of our common stock. However, a settlement payment or unfavorable outcome could adversely impact our results of operations. Our evaluation of the likely impact of these actions could change in the future and we could have unfavorable outcomes we do not expect. COVID- 19 Pandemic The Company continues to monitor and evaluate the risks to public health and the impact on overall global business activity related to the COVID- 19 pandemic, including potential impacts on our employees, customers, suppliers and financial results. As the situation remains fluid, it is difficult to predict the duration and scope of the pandemic and its impact on the Company's business. However, it may result in a material adverse impact to the Company's financial position, operations and cash flows if conditions persist or worsen.

Note N - Segment Information

12 Months Ended

Jun. 30, 2021

Segment Reporting Disclosure [Text Block]

N. Segment Information

Our business consists of

two

segments for financial reporting purposes. The

two

segments are identified as (i) private-label contract manufacturing, which primarily relates to the provision of private-label contract manufacturing services to companies that market and distribute nutritional supplements and other health care products, and (ii) patent and trademark licensing, which primarily includes direct raw material sales and royalty income from our license and supply agreements associated with the sale and use of beta-alanine under our CarnoSyn® and SR CarnoSyn® trade names.

We evaluate performance based on a number of factors. The primary performance measures for each segment are net sales and income or loss from operations before corporate allocations. Operating income or loss for each segment does

not

include corporate general and administrative expenses, interest expense and other miscellaneous income and expense items. Corporate general and administrative expenses include, but are

not

limited to: human resources, corporate legal, finance, information technology, and other corporate level related expenses, which are

not

allocated to any segment. Transfers of raw materials between segments are recorded at cost. The accounting policies of our segments are the same as those described in the summary of significant accounting policies in Note A.

Our operating results by business segment for the years ended

June

were as follows (in thousands):

	2021		2020
Net Sales
Private-label contract manufacturing	$	164,310	$	106,291
Patent and trademark licensing		14,210		12,585
	$	178,520	$	118,876

	2021			2020
Income (Loss) from Operations
Private-label contract manufacturing	$	17,744		$	4,030
Patent and trademark licensing		4,442			2,508
Income from operations of reportable segments		22,186			6,538
Corporate expenses not allocated to segments		(8,514	)		(8,047	)
	$	13,672		$	(1,509	)

	2021		2020
Assets
Private-label contract manufacturing	$	95,324	$	100,094
Patent and trademark licensing		24,957		20,109
	$	120,281	$	120,203

Our private-label contract manufacturing products are sold both in the U.S. and in markets outside the U.S., including Europe, Canada, Australia, New Zealand, Mexico and Asia. Our primary markets outside the U.S. are Europe and Asia. Our patent and trademark licensing activities are primarily based in the U.S.

Net sales by geographic region, based on the customers' location, for the

two

years ended

June

were as follows (in thousands):

	2021		2020
United States	$	94,702	$	66,912
Markets outside the United States		83,818		51,964
Total net sales	$	178,520	$	118,876

Products manufactured by NAIE accounted for

77%

of consolidated net sales in markets outside the U.S. in fiscal

2021

and

89%

in fiscal

2020.

products manufactured by NAIE were sold in the U.S. during the fiscal years ended

June

30,

2021

and

2020.

Long-lived assets by geographic region, based on the location of the company or subsidiary at which they were located or made, for the

two

years ended

June

were as follows (in thousands):

	2021		2020
United States	$	21,109	$	21,769
Europe		17,039		18,108
Total Long-Lived Assets	$	38,148	$	39,877

Total assets by geographic region, based on the location of the company or subsidiary at which they were located or made, for the

two

years ended

June

were as follows (in thousands):

	2021		2020
United States	$	67,307	$	66,489
Europe		52,974		53,714
Total Assets	$	120,281	$	120,203

Capital expenditures by geographic region, based on the location of the company or subsidiary at which they were located or made, for the

two

years ended

June

were as follows (in thousands):

	2021		2020
United States	$	2,336	$	1,530
Europe		2,771		3,011
Total Capital Expenditures	$	5,107	$	4,541

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block]

Note O - Subsequent Events	12 Months Ended
Note O - Subsequent Events	Jun. 30, 2021
Notes to Financial Statements
Subsequent Events [Text Block]	O. Subsequent Events On August 18, 2021, we entered into an amendment of our credit facility with Wells Fargo Bank, N.A.. The amended credit facility added a $10.0 million term loan to the existing $20.0 million credit facility, and permitted us to use the $10.0 million term loan as part of the $17.5 million purchase consideration for the acquisition of a manufacturing and warehouse property in Carlsbad California. In addition to the added borrowing capacity, the financial covenants included in the credit agreement were modified such that the ratio of total liabilities to tangible net worth is now required to be not greater than 1.50 to 1.0 at any time and now requires a rolling 4 -quarter fixed charge coverage ratio not less than 1.25 to 1.0 as of each fiscal quarter end. The amended credit agreement also increased the allowed capital expenditures for fiscal 2022 to increase from $10.0 million to $15.0 million (exclusive of amount paid for the acquisition of the property noted below). The Credit Agreement was amended and a new Revolving Line of Credit Note, Security Agreement, Term Note and real property security documents were added to the credit facility. On August 20, 2021, we acquired a manufacturing and warehouse property in Carlsbad California from an unrelated party for $17.5 million. We financed $10.0 million of the purchase price through a term loan pursuant to our recently amended credit facility with Wells Fargo Bank, N.A. and paid the remainder of the purchase price and closing costs with our available cash. The approximately 54,154 square foot building includes environmentally controlled warehouse space, office and additional non-environmentally controlled warehouse space. We intend to retrofit a significant portion of the building into a dedicated high-volume powder blending and packaging facility. This new facility will also provide us with additional raw material storage capacity, and offices. On September 3, 2021, we purchased four forward contracts designated and effective as cash flow hedges to protect against the foreign currency exchange risk inherent in a portion of our forecasted sales transactions denominated in Euros. The four contracts expire quarterly beginning November 2022 and ending August 2023. The forward contracts have a notional amount of €17.2 million and a weighted average forward rate of 1.1993. On September 18, 2021, two of our directors resigned without disagreement as to any matter regarding the Company, and only since they had served for many years, and for their personal and professional reasons determined it best for them and NAI for them to resign. On September 17, 2021, the Board of Directors appointed Dr. Guru Ramanathan to a vacant seat on the Board of Directors, and determined to reduce the size of the Board of Directors from six to four members. Also on September 17, 2021 the Board appointed Dr. Ramanathan to the Audit Committee, the Human Resources Committee, and the Nominating Committee, and appointed Laura Kay Matherly to the Nominating Committee. Management has evaluated subsequent events through September 20, 2021, the date the Statements were available to be issued and there are no additional subsequent events that would require adjustment to or disclosure in the Statements.

Significant Accounting Policies (Policies)

12 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Subsidiaries

January

22,

1999,

Natural Alternatives International Europe S.A., a Swiss Corporation (NAIE) was formed as our wholly-owned subsidiary, based in Manno, Switzerland. In

September 1999,

Consolidation, Policy [Policy Text Block]

Principles of Consolidation

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Adopted Accounting Pronouncements

We did

not

adopt any accounting pronouncements during the fiscal year ended

June 30, 2021.

Recently Issued Accounting Pronouncements

December 18, 2019,

the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU")

No.

2019

12,

Income Taxes (Topic

740

): Simplifying the Accounting for Income Taxes

. This new standard eliminates certain exceptions in Accounting Standards Codification ("ASC")

740

December 15, 2020,

with early adoption permitted in any interim period within that year. This ASU will be effective for us beginning in our

first

quarter of fiscal

2022.

We do

not

expect this ASU will have a material impact on our consolidated financial statements.

March 2020,

the FASB issued ASU

2020

04,

Reference Rate Reform (Topic

848

later than

December 1, 2022 (

fiscal year

2023

) with early adoption permitted. We do

not

expect this ASU will have a material impact on our consolidated financial statements.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

We consider all highly liquid investments with a maturity of

three

months or less when purchased to be cash equivalents.

Fair Value Measurement, Policy [Policy Text Block]

Fair Value of Financial Instruments

three

The fair value hierarchy is broken down into

three

levels based on the source of inputs. In general, fair values determined by Level

inputs are based on quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are

not

active and models for which all significant inputs are observable or can be corroborated, either directly or indirectly by observable market data. Level

Except for cash and cash equivalents, as of

June 30, 2021

and

June 30, 2020,

we did

not

have any financial assets or liabilities classified as Level

We classify derivative forward exchange contracts as Level

assets and liabilities. The fair value of our forward exchange contracts as of

June 30, 2021

included a net liability of

$0.8

million. The fair value as of

June

30,

2020

was a net asset of

$0.3

million. The fair values were determined based on obtaining pricing from our bank and corroborating those values with a

third

party bank or pricing service. We classify any outstanding line of credit balance as a Level

liability, as the fair value is based on inputs that can be derived from information available in publicly quoted markets. As of

June

30,

2021

and

June

30,

2020,

we did

not

have any financial assets or liabilities classified as Level

We did

not

transfer any assets or liabilities between any levels during fiscal

2021.

Accounts Receivable [Policy Text Block]

Accounts Receivable

Financing Receivable [Policy Text Block]

Customer Deposits

For certain customers we have contract terms where the customer pays a certain portion of their orders as prepayment. We treat this as a customer deposit liability and do

not

record revenue until we ship the product to the customer. As of

June 30, 2021

we had

$1.7

million in customer deposits. As of

June 30, 2020

our customer deposit balance was

$0.1

million.

Inventory, Policy [Policy Text Block]

Inventories

may

subsequently be rescheduled or canceled at the customer's request. We value inventory at the lower of cost (

first

-in,

first

not

Property, Plant and Equipment, Policy [Policy Text Block]

Property and Equipment

We state property and equipment at cost. Depreciation of property and equipment is provided using the straight-line method over their estimated useful lives, generally ranging from

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Impairment of Long-Lived Assets

We periodically evaluate the carrying value of long-lived assets to be held and used when events and circumstances indicate that the carrying amount of an asset

may

not

2021

we recognized

$21,000

in impairment losses. We did

not

recognize any impairment losses during fiscal

2020.

Derivatives, Policy [Policy Text Block]

Derivative Financial Instruments

may

use derivative financial instruments in the management of our foreign currency exchange risk inherent in our forecasted sales denominated in Euros. We

may

not

June

30,

2021,

June

30,

2021,

the notional amounts of our foreign exchange contracts were

$60.4

million (

€51.3

million). These contracts will mature over the next

months.

As of

June 30, 2021,

we held foreign currency contracts

not

designated as cash flow hedges primarily to protect against change in valuation of an underlying balance sheet item. As of

June 30, 2021,

the notional amounts of our foreign currency contracts

not

designated as cash flow hedges were

$6.2

million (CHF

5.5

million). These contracts will mature in the

first

quarter of fiscal year

2022.

Pension and Other Postretirement Plans, Policy [Policy Text Block]

Defined Benefit Pension Plan

We formerly sponsored a defined benefit pension plan. Effective

June

21,

1999,

third

Revenue [Policy Text Block]

Revenue Recognition

We record revenue based on a

five

-step model which includes: (

) identifying a contract with a customer; (

) identifying the performance obligations in the contract; (

) determining the transaction price; (

) allocating the transaction price among the performance obligations; and (

) recognizing revenue as each of the various performance obligations are satisfied.

Revenue is measured as the net amount of consideration expected to be received in exchange for fulfilling

one

days from the invoice date. Invoices are generally issued on the date of transfer of control of the products ordered to the customer.

Except for product defects,

right of return exists on the sale of our products. We estimate returns based on historical experience and recognize a returns liability for any estimated returns. As of

June 30, 2021,

we have

known returns liability.

We have an Exclusive Manufacturing Agreement with The Juice Plus+ Company LLC (“Juice Plus+”) through

August 6, 2025.

Pursuant to the Exclusive Manufacturing Agreement, Juice Plus+ has granted us exclusive rights to manufacture and supply them with certain of their products within

countries where Juice Plus+ currently sells those products. Pursuant to this Exclusive Manufacturing Agreement, we provide Juice Plus+ with a cash discount. We recorded

$1.6

million of “Cash Sales Discount” for the year ended

June 30, 2021,

which was recorded as a reduction to net sales. We recorded

$1.6

million of “Cash Sales Discount” during the year ended

June 30, 2020,

with such amounts recorded as a reduction to net sales.

$14.2

million during fiscal

2021

and

$12.6

million during fiscal

2020.

$0.6

million during fiscal

2021

and

$0.5

million during fiscal

2020.

Cost of Goods and Service [Policy Text Block]

Cost of Goods Sold

Cost of goods sold includes raw material, labor, manufacturing overhead, and royalty expense.

Shipping and Handling Costs [Policy Text Block]

Shipping and Handling Costs

We include fees earned on the shipment of our products to customers in sales and include costs incurred on the shipment of product to customers in costs of goods sold.

Research and Development Expense, Policy [Policy Text Block]

Research and Development Costs

As part of the services we provide to our private-label contract manufacturing customers, we

may

perform, but are

not

obligated to perform, certain research and development activities related to the development or improvement of their products. While our customers typically do

not

Research and development costs are expensed when incurred. Our research and development expenses for the last

two

fiscal years ended

June

were

$1.9

million for fiscal

2021

and

$1.8

million for fiscal

2020.

These costs were included in selling, general and administrative expenses and cost of goods sold.

Advertising Cost [Policy Text Block]

Advertising Costs

We expense the production costs of advertising the

first

time the advertising takes place. We incurred and expensed advertising costs in the amount of

$0.8

million during the fiscal year ended

June

30,

2021

and

$1.4

million during fiscal

2020.

These costs were included in selling, general and administrative expenses.

Income Tax, Policy [Policy Text Block]

Income Taxes

The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted on

March 27, 2020

2015

and fiscal

2016

may

have on our business and financial results.

July 23, 2020,

the Department of Treasury issued final regulations which provide an exclusion to the global intangible low-taxed income (GILTI) calculation on an elective basis. These regulations were effective

September 21, 2020

and

may

18.9%.

We assessed this rate, including the implementation of certain tax strategies, and we have determined that our effective rate at NAIE is greater than

18.9%

as of the year ended

June 30, 2020.

We reassessed our estimated taxes for fiscal

2020

and in the year ended

June 30, 2021

we recorded a reduction to our fiscal

2020

estimated taxes of

$0.4

million as a discrete benefit. As a result of this adjustment, our domestic tax return for fiscal

2020

reflected a net operating loss which, in accordance with the CARES ACT, we carried back to fiscal

2015

and fiscal

2016,

which reflected a higher federal tax rate. Due to this rate differential we have recorded a permanent discrete tax benefit of

$0.3

million during the year ended

June 30, 2021.

For NAIE the result of this tax planning during the year ended

June 30, 2021

was an additional foreign estimated tax benefit of

$0.1

million.

We account for uncertain tax positions using the more-likely-than-

not

recognition threshold. It is our policy to establish reserves based on management's assessment of exposure for certain positions taken in previously filed tax returns that

may

June

30,

2021

and

June

30,

2020,

we did

not

record any tax liabilities for uncertain tax positions.

We record valuation allowances to reduce our deferred tax assets to an amount that we believe is more likely than

not

to be realized. In assessing the realizability of deferred tax assets, management considers whether it is more likely than

not

June 30, 2021,

there was

change to our valuation allowance.

Share-based Payment Arrangement [Policy Text Block]

Stock-Based Compensation

We had an omnibus equity incentive plan that was approved by our Board of Directors effective

October

15,

2009

and approved by our stockholders at the Annual Meeting of Stockholders held on

November

30,

2009

(the

"2009

Plan"). The

2009

Plan expired on

October 15, 2019.

The Board of Directors approved a new omnibus equity incentive plan that became effective

January 1, 2021 (

the

“2020

Plan”), which was approved by our stockholders at the Annual Meeting of Stockholders on

December 4, 2020.

Under the

2020

Plan, we

may

not

We recognize forfeitures as they occur.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

may

prove to be inaccurate.

Earnings Per Share, Policy [Policy Text Block]

Net Income (Loss) per Common Share

	For the Years Ended June 30,
	2021		2020
Numerator
Net income (loss)	$	10,768	$	(1,645	)
Denominator
Basic weighted average common shares outstanding		6,291		6,695
Dilutive effect of stock options and restricted stock shares		88		—
Diluted weighted average common shares outstanding		6,379		6,695
Basic net income (loss) per common share	$	1.71	$	(0.25	)
Diluted net income (loss) per common share	$	1.69	$	(0.25	)

During the year ended

June 30, 2021,

we excluded shares relating to stock options totaling

22,500

and

52,108

shares of unvested restricted stock, as their impact would have been anti-dilutive.

June 30, 2020

we recorded a net loss for the year and therefore we excluded shares related to stock options totaling

130,000

and restricted stock totaling

323,904.

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Concentrations of Credit Risk

two

largest customers, whose receivable balances collectively represented

64.8%

of gross accounts receivable at

June

30,

2021

and

65.7%

June

30,

2020.

As of

June 30, 2021,

we had a receivable balance of

$3.5

million and as of

June 30, 2020

we had a receivable balance of

$3.3

million from a former contract manufacturing customer. We have recorded a bad debt reserve equal to

100%

of this outstanding balance and thus did

not

reflect it in the percentages listed above.

Additionally, amounts due related to our beta-alanine raw material sales were

8.6%

of gross accounts receivable at

June 30, 2021

and

2.5%

of gross accounts receivable at

June 30, 2020.

Concentrations of credit risk related to the remaining accounts receivable balances are limited due to the number of customers comprising our remaining customer base.

Note A - Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2021

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	For the Years Ended June 30,
	2021		2020
Numerator
Net income (loss)	$	10,768	$	(1,645	)
Denominator
Basic weighted average common shares outstanding		6,291		6,695
Dilutive effect of stock options and restricted stock shares		88		—
Diluted weighted average common shares outstanding		6,379		6,695
Basic net income (loss) per common share	$	1.71	$	(0.25	)
Diluted net income (loss) per common share	$	1.69	$	(0.25	)

Note B - Inventories (Tables)

12 Months Ended

Jun. 30, 2021

Schedule of Inventory, Current [Table Text Block]

	2021			2020
Raw materials	$	20,668		$	20,863
Work in progress		3,760			3,447
Finished goods		3,050			4,936
Reserve		(472	)		(1,274	)
	$	27,006		$	27,972

Note C - Property and Equipment (Tables)

12 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Table Text Block]

	Depreciable Life In Years			2021			2020
Land	NA			$	1,200		$	1,200
Building and building improvements	7	–	39		3,757			3,743
Machinery and equipment	3	–	12		35,458			33,405
Office equipment and furniture	3	–	5		5,712			5,318
Vehicles		3			255			255
Leasehold improvements	1	–	15		20,236			18,031
Total property and equipment					66,618			61,952
Less: accumulated depreciation and amortization					(44,347	)		(40,429	)
Property and equipment, net				$	22,271		$	21,523

Note D - Leases (Tables)

12 Months Ended

Jun. 30, 2021

Lease, Cost [Table Text Block]

Supplemental Cash Flows Information	2021		2020
Cash paid for amounts included in the measurement of operating lease Liabilities	$	3,298	$	3,453
Operating lease liabilities arising from recording Right of Use Assets upon adoption of ASC 842		—		20,897
Operating lease liabilities arising from obtaining Right of Use Assets for new leases		187		120

Note E - Other Comprehensive Loss (Tables)

12 Months Ended

Jun. 30, 2021

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	Year Ended June 30, 2021
	Defined Benefit Pension Plan			Unrealized (Losses) Gains on Cash Flow Hedges			Total

Balance as of June 30, 2020	$	(888	)	$	(295	)	$	(1,183	)

OCI/OCL before reclassifications		337			(2,817	)		(2,480	)
Amounts reclassified from OCI		123			3,173			3,296

Tax effect of OCI activity		(110	)		(84	)		(194	)
Net current period OCI/OCL		350			272			622
Balance as of June 30, 2021	$	(538	)	$	(23	)	$	(561	)

	Year Ended June 30, 2020
	Defined Benefit Pension Plan			Unrealized (Losses) Gains on Cash Flow Hedges			Total

Balance as of June 30, 2019	$	(491	)	$	783		$	292

ASU 2018-02 Adjustment		(74	)		(54	)		(128	)
OCI/OCL before reclassifications		(404	)		1,400			988
Amounts reclassified from OCI		(20	)		(2,747	)		(2,759	)

Tax effect of OCI activity		101			323			424
Net current period OCI/OCL		(397	)		(1,078	)		(1,475	)
Balance as of June 30, 2020	$	(888	)	$	(295	)	$	(1,183	)

Note G - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2021

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

	2021		2020

United States	$	7,462	$	(5,742	)
Foreign		4,663		4,004
Total income (loss) before income taxes	$	12,125	$	(1,738	)

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

	2021			2020
Current:
Federal	$	274		$	31
State		59			4
Foreign		1,238			728
		1,571			763
Deferred:
Federal		44			(641	)
State		211			(215	)
Foreign		(469	)		—
		(214	)		(856	)
Total provision (benefit) for income taxes	$	1,357		$	(93	)

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

	2021			2020
Deferred tax assets:
Inventory capitalization	$	259		$	412
Inventory reserves		143			301
Pension liability		150			260
Lease liability		2,477			2,732
Net operating loss carry forward		94			245
Accrued compensation		568			—
Stock-based compensation		96			157
Forward contracts		8			93
Tax credit carry forward		300			340
Allowance for bad debt		863			819
Other, net		3			246
Total gross deferred tax assets		4,961			5,605


Deferred tax liabilities:
Withholding taxes		(1,133	)		(1,133	)
Fixed Assets		(997	)		(1,011	)
Foreign inventory reserves		—			(469	)
Lease asset		(2,413	)		(2,681	)
Other, net		(204	)		(115	)
Deferred tax liabilities		(4,747	)		(5,409	)
Net deferred tax assets	$	214		$	196

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

	2021			2020
Income taxes computed at statutory federal income tax rate	$	2,546		$	(364	)
State income taxes, net of federal income tax expense		189			(174	)
Permanent Differences		(6	)		155
Foreign tax rate differential		(210	)		(112	)
Tax credits		(60	)		—
FDII export sales incentive		(137	)		—
Stock based compensation		(231	)		—
Global intangible low-taxed income (GILTI)		28			402
GILTI final regulations planning		(436	)		—
CARES Act rate differential		(326	)		—
Income tax provision as reported	$	1,357		$	(93	)
Effective tax rate		11.3	%		5.4	%

Note H - Employee Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2021

Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]

	2021			2020
Change in Benefit Obligation:
Benefit obligation at beginning of year	$	2,035		$	1,615
Interest cost		39			46
Actuarial loss		(43	)		380
Benefits paid		(211	)		(6	)
Benefit obligation at end of year	$	1,820		$	2,035
Change in Plan Assets:
Fair value of plan assets at beginning of year	$	1,339		$	1,369
Actual return on plan assets		294			(24	)
Employer contributions		7			—
Benefits paid		(211	)		(6	)
Plan expenses		—			—
Fair value of plan assets at end of year	$	1,429		$	1,339
Reconciliation of Funded Status:
Difference between benefit obligation and fair value of plan assets	$	(391	)	$	(696	)
Unrecognized net actuarial loss in accumulated other comprehensive income		626			1,087
Net amount recognized	$	235		$	391

Projected benefit obligation	$	1,820		$	2,035
Accumulated benefit obligation	$	1,820		$	2,035
Fair value of plan assets	$	1,429		$	1,339

Schedule of Net Benefit Costs [Table Text Block]

	2021			2020
Interest cost	$	39		$	46
Expected return on plan assets		(59	)		(69	)
Recognized actuarial loss		110			50
Settlement loss		73			—
Net periodic benefit expense	$	163		$	27

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

	2021			2020
Net (gain) loss	$	(277	)	$	481
Settlement loss		(73	)		—
Amortization of net loss		(110	)		(57	)
Plan expenses		—			—
Total recognized in other comprehensive (loss) income	$	(460	)	$	424
Total recognized in net periodic benefit cost and other comprehensive income	$	(297	)	$	451

Schedule of Expected Benefit Payments [Table Text Block]

2022	$	787
2023		109
2024		—
2025		323
2026		16
2027-2031		345
Total benefit payments expected to be paid	$	1,580

Defined Benefit Plan, Assumptions [Table Text Block]

	2021			2020
Discount rate		2.74	%		2.45	%
Expected long-term rate of return		6.60	%		6.50	%
Compensation increase rate		N/A			N/A

Schedule of Weighted Average Allocation of Assets Related to Defined Benefit Plans Disclosure [Table Text Block]

	2021			2020			Target Allocation
Equity securities		62	%		52	%		54	%
Debt securities		25	%		32	%		43	%
Commodities		12	%		12	%		0	%
Cash and money market funds		1	%		4	%		3	%
		100	%		100	%		100	%

Schedule of Allocation of Plan Assets [Table Text Block]

	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash and money market funds	$	9	$	9	$	—	$	—
Commodities and other	$	172	$	172	$	—	$	—
Equity securities (1)	$	882	$	882	$	—	$	—
Debt securities (2)	$	366	$	366	$	—	$	—
Total	$	1,429	$	1,429	$	—	$	—

Note I - Stockholders' Equity (Tables)

12 Months Ended

Jun. 30, 2021

Class of Treasury Stock [Table Text Block]

	Shares		Average Cost		Total Cost (in thousands)
Shares purchased under Repurchase Plan		385,822	$	8.28	$	3,197
Shares acquired in connection with stock option exercises		30,442		9.95		303
Shares acquired from employees for restricted stock vesting		47,228		13.69		647
Total		463,492			$	4,147

	Shares		Average Cost		Total Cost (in thousands)
Shares purchased under Repurchase Plan		400,787	$	8.25	$	3,305
Shares acquired in connection with stock option exercises		—		—		—
Shares acquired from employees for restricted stock vesting		61,913		7.14		442
Total		462,700			$	3,747

Share-based Payment Arrangement, Option, Activity [Table Text Block]

	2009 Plan			Weighted Average Exercise Price		Weighted Average Contractual Term (in years)		Aggregate Intrinsic Value
Vested and exercisable at June 30, 2020		130,000		$	6.28
Exercised		(130,000	)	$	6.28
Forfeited		—		$	—
Granted		—		$	—
Outstanding at June 30, 2021		—		$	—		—	$	—
Vested and exercisable at June 30, 2021		—		$	—		—	$	—

	2009 Plan		Weighted Average Exercise Price		Weighted Average Contractual Term (in years)		Aggregate Intrinsic Value
Vested and exercisable at June 30, 2019		130,000	$	6.28
Exercised		—	$	—
Forfeited		—	$	—
Granted		—	$	—
Outstanding at June 30, 2020		130,000	$	6.28		0.59	$	150,400
Vested and exercisable at June 30, 2020		130,000	$	6.28		0.59	$	150,400

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

	Number of Shares – 2009 Plan			Weighted Average Grant Date Fair Value
Nonvested at June 30, 2020		197,650		$	11.06
Granted		—		$	—
Vested		(136,326	)	$	10.88
Forfeited		—		$	—
Nonvested at June 30, 2021		61,324		$	11.47
Available for grant at June 30, 2021		—

	Number of Shares – 2020 Plan				Weighted Average Grant Date Fair Value
Nonvested at June 30, 2020		—		$	—
Granted		91,773		$	16.81
Vested		(4,000	)	$	16.81
Forfeited		—		$	—
Nonvested at June 30, 2021		87,773		$	16.81
Available for grant at June 30, 2021		608,227

	Number of Shares – 2009 Plan			Weighted Average Grant Date Fair Value
Nonvested at June 30, 2019		383,988		$	10.70
Granted		5,000		$	8.50
Vested		(176,338	)	$	10.33
Forfeited		(15,000	)	$	9.65
Nonvested at June 30, 2020		197,650		$	11.06

Note J - Commitments (Tables)

12 Months Ended

Jun. 30, 2021

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

		2022				2023				2024				2025				2026				There- after				Total
Gross minimum rental commitments		$	3,193			$	3,186			$	2,659			$	—			$	—			$	—			$	9,038

Note K - Economic Dependency (Tables)

12 Months Ended

Jun. 30, 2021

Supplier Concentration Risk [Member]

Schedules of Concentration of Risk, by Risk Factor [Table Text Block]

	Year ended June 30,
	2021					2020
	Raw Material Purchases by Supplier		% of Total Raw Material Purchases			Raw Material Purchases by Supplier		% of Total Raw Material Purchases
Supplier 1	$	23,033		24	%		(a)		(a)	%
Supplier 2		(a)		(a)			6,356		10
	$	23,033		24	%	$	6,356		10	%

Customer Concentration Risk [Member]

Schedules of Concentration of Risk, by Risk Factor [Table Text Block]

	Fiscal 2021		Fiscal 2020
Customer 1	$	90,820	$	52,462
Customer 2		25,410		24,692
	$	116,230	$	77,154

Note N - Segment Information (Tables)

12 Months Ended

Jun. 30, 2021

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	2021		2020
Net Sales
Private-label contract manufacturing	$	164,310	$	106,291
Patent and trademark licensing		14,210		12,585
	$	178,520	$	118,876

	2021			2020
Income (Loss) from Operations
Private-label contract manufacturing	$	17,744		$	4,030
Patent and trademark licensing		4,442			2,508
Income from operations of reportable segments		22,186			6,538
Corporate expenses not allocated to segments		(8,514	)		(8,047	)
	$	13,672		$	(1,509	)

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

	2021		2020
Assets
Private-label contract manufacturing	$	95,324	$	100,094
Patent and trademark licensing		24,957		20,109
	$	120,281	$	120,203

Revenue from External Customers by Geographic Areas [Table Text Block]

	2021		2020
United States	$	94,702	$	66,912
Markets outside the United States		83,818		51,964
Total net sales	$	178,520	$	118,876

Long-lived Assets by Geographic Areas [Table Text Block]

	2021		2020
United States	$	21,109	$	21,769
Europe		17,039		18,108
Total Long-Lived Assets	$	38,148	$	39,877

Assets by Geographic Areas [Table Text Block]

	2021		2020
United States	$	67,307	$	66,489
Europe		52,974		53,714
Total Assets	$	120,281	$	120,203

Capital Expenditures by Geographic Areas [Table Text Block]

	2021		2020
United States	$	2,336	$	1,530
Europe		2,771		3,011
Total Capital Expenditures	$	5,107	$	4,541

Note A - Organization and Summary of Significant Accounting Policies (Details Textual) € in Millions, SFr in Millions	12 Months Ended
	Jun. 30, 2021 USD ($) shares	Jun. 30, 2020 USD ($) shares	Jun. 30, 2021 EUR (€)	Jun. 30, 2021 CHF (SFr)
Contract with Customer, Liability, Current	$ 1,721,000	$ 62,000
Asset Impairment Charges, Total	21,000	0
Sales, Royalty and Licensing Revenue	14,200,000	12,600,000
Royalty Expense	600,000	500,000
Research and Development Expense, Total	1,900,000	1,800,000
Advertising Expense	800,000	1,400,000
Effective Income Tax Rate Reconciliation, Global Intangible Low-taxed Income, Amount, Discrete Benefit	(400,000)
Income Tax Benefit Cares Act	300,000
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Amount, Additional Expense	100,000
Accounts Receivable, after Allowance for Credit Loss, Total	$ 14,000,000	$ 13,400,000
Customer Concentration Risk [Member] \| Accounts Receivable [Member]
Number of Major Customers	2	2
Customer Concentration Risk [Member] \| Accounts Receivable [Member] \| Beta-alanine Raw Material [Member]
Concentration Risk, Percentage	8.60%	2.50%
Customer Concentration Risk [Member] \| Accounts Receivable [Member] \| Two Largest Customers [Member]
Concentration Risk, Percentage	64.80%	65.70%
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) \| shares	22,500	130,000
Restricted Stock 1 [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) \| shares	52,108	323,904
Juice Plus + [Member]
Sales Discounts, Cash	$ 1,600,000	$ 1,600,000
Kaged Muscle LLC [Member]
Accounts Receivable, after Allowance for Credit Loss, Total	$ 3,500,000	3,300,000
Allowance for Doubtful Accounts Receivable, Percentage of Outstanding Balance	100.00%		100.00%	100.00%
Foreign Exchange Contract [Member] \| Not Designated as Hedging Instrument [Member]
Derivative, Notional Amount	$ 6,200,000			SFr 5.5
Foreign Exchange Contract [Member] \| Cash Flow Hedging [Member]
Derivative, Notional Amount	$ 60,400,000		€ 51.3
Maximum Remaining Maturity of Foreign Currency Derivatives (Month)	1 year 60 days
Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	1 year
Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	39 years
Fair Value, Inputs, Level 1 [Member]
Fair Value, Net Asset (Liability), Total	$ 0	0
Fair Value, Inputs, Level 2 [Member]
Foreign Currency Contracts, Liability, Fair Value Disclosure	800,000
Foreign Currency Contract, Asset, Fair Value Disclosure		300,000
Fair Value, Inputs, Level 3 [Member]
Fair Value, Net Asset (Liability), Total	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period (in shares) \| shares	0

Note A - Basis of Presentation and Summary of Significant Accounting Policies - Calculation of Basic and Diluted Net Income Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Numerator
Net income (loss)	$ 10,768	$ (1,645)
Denominator
Basic weighted average common shares outstanding (in shares)	6,290,689	6,695,302
Dilutive effect of stock options and restricted stock shares (in shares)	88,000
Diluted weighted average common shares outstanding (in shares)	6,379,486	6,695,302
Basic net income (loss) per common share (in dollars per share)	$ 1.71	$ (0.25)
Diluted net income (loss) per common share (in dollars per share)	$ 1.69	$ (0.25)

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Note B - Inventories (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Inventory Valuation Reserves, Ending Balance	$ 472	$ 1,274
Kaged Muscle LLC [Member]
Inventory Valuation Reserves, Ending Balance		$ 1,000
Inventory Reserve, Recovered	$ 800

Note B - Inventories - Summary of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Raw materials	$ 20,668	$ 20,863
Work in progress	3,760	3,447
Finished goods	3,050	4,936
Reserve	(472)	(1,274)
Inventories, net	$ 27,006	$ 27,972

Note C - Property and Equipment (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Depreciation, Total	$ 4.3	$ 4.0

Note C - Property and Equipment - Summary of Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Property and equipment, gross	$ 66,618	$ 61,952
Less: accumulated depreciation and amortization	(44,347)	(40,429)
Property and equipment, net	$ 22,271	21,523
Minimum [Member]
Depreciable Life In Years (Year)	1 year
Maximum [Member]
Depreciable Life In Years (Year)	39 years
Land [Member]
Property and equipment, gross	$ 1,200	1,200
Building and Building Improvements [Member]
Property and equipment, gross	$ 3,757	3,743
Building and Building Improvements [Member] \| Minimum [Member]
Depreciable Life In Years (Year)	7 years
Building and Building Improvements [Member] \| Maximum [Member]
Depreciable Life In Years (Year)	39 years
Machinery and Equipment [Member]
Property and equipment, gross	$ 35,458	33,405
Machinery and Equipment [Member] \| Minimum [Member]
Depreciable Life In Years (Year)	3 years
Machinery and Equipment [Member] \| Maximum [Member]
Depreciable Life In Years (Year)	12 years
Office Equipment [Member]
Property and equipment, gross	$ 5,712	5,318
Office Equipment [Member] \| Minimum [Member]
Depreciable Life In Years (Year)	3 years
Office Equipment [Member] \| Maximum [Member]
Depreciable Life In Years (Year)	5 years
Vehicles [Member]
Property and equipment, gross	$ 255	255
Depreciable Life In Years (Year)	3 years
Leasehold Improvements [Member]
Property and equipment, gross	$ 20,236	$ 18,031
Leasehold Improvements [Member] \| Minimum [Member]
Depreciable Life In Years (Year)	1 year
Leasehold Improvements [Member] \| Maximum [Member]
Depreciable Life In Years (Year)	15 years

Note D - Leases (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jul. 01, 2019
Operating Lease, Right-of-Use Asset	$ 15,877	$ 18,354
Operating Lease, Weighted Average Remaining Lease Term (Year)	6 years 109 days	7 years 73 days
Operating Lease, Weighted Average Discount Rate, Percent	3.24%	3.24%
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset			$ 20,700
Operating Lease, Liability, Total			$ 20,900

Note D - Leases - Lease Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash paid for amounts included in the measurement of operating lease Liabilities	$ 3,298	$ 3,453
Operating lease liabilities arising from recording Right of Use Assets upon adoption of ASC 842		20,897
Operating lease liabilities arising from obtaining Right of Use Assets for new leases	$ 187	$ 120

Note E - Other Comprehensive Loss - Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Balance	$ 71,375	$ 76,084
Balance	80,083	71,375
Reclassification pursuant to adoption of ASU 2018-02 (Note A)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	(888)	(491)
OCI/OCL before reclassifications	337	(404)
Amounts reclassified from OCI	123	(20)
Tax effect of OCI activity	(110)	101
Net current period OCI/OCL	350	(397)
Balance	(538)	(888)
Reclassification pursuant to adoption of ASU 2018-02 (Note A)		(74)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Balance	(295)	783
OCI/OCL before reclassifications	(2,817)	1,400
Amounts reclassified from OCI	3,173	(2,747)
Tax effect of OCI activity	(84)	323
Net current period OCI/OCL	272	(1,078)
Balance	(23)	(295)
Reclassification pursuant to adoption of ASU 2018-02 (Note A)		(54)
AOCI Attributable to Parent [Member]
Balance	(1,183)	292
OCI/OCL before reclassifications	(2,480)	988
Amounts reclassified from OCI	3,296	(2,759)
Tax effect of OCI activity	(194)	424
Net current period OCI/OCL	622	(1,475)
Balance	$ (561)	(1,183)
Reclassification pursuant to adoption of ASU 2018-02 (Note A)		$ (128)

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

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Note F - Debt (Details Textual) - Wells Fargo Bank, N.A. [Member] - Credit Agreement [Member] - USD ($)			12 Months Ended
	May 24, 2021	Feb. 02, 2021	Jun. 30, 2020	Jun. 30, 2021
Line of Credit Facility, Maximum Borrowing Capacity	$ 20,000,000
Debt Instrument Covenant Minimum, Net Income Required	1
Debt Instrument Covenant Capital Expenditures Limitation, Amount, Next Twelve Years				$ 10,000,000
Debt Instrument Covenant Capital Expenditures Limitation, Amount, After Twelve Years				7,500,000
Long-term Debt, Percentage Bearing Fluctuating Interest, Threshold Amount	100,000
Minimum Prepayment Amount Under Line of Credit	$ 100,000
Line of Credit Facility, Commitment Fee Percentage	0.125%
Proceeds from Long-term Lines of Credit			$ 10,000,000
Repayments of Lines of Credit		$ 10,000,000
Line of Credit Facility, Remaining Borrowing Capacity				$ 20,000,000
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Debt Instrument Basis Spread on Elected Fixed Rate Borrowing	1.25%
Maximum [Member]
Ratio of Indebtedness to Net Capital	1.25
Ratio of Total Current Assets to Total Current Liabilities	1.75

Note G - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Federal, State and Local Income Tax Expense (Benefit), Gross, Continuing Operations	$ 600	$ 800
Operating Loss Carryforwards, Total	$ 1,300
Effective Income Tax Rate Reconciliation, Percent, Total	11.30%	5.40%
Effective Income Tax Rate, Continuing Operations, Excluding GILTI	18.90%
Undistributed Earnings of Foreign Subsidiaries	$ 0
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	5.40%
Fiscal Years After June 30, 2021 [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%
Foreign Tax Authority [Member] \| Swiss Federal Tax Administration (FTA) [Member]
Effective Income Tax Rate Reconciliation, Percent, Total	16.50%
Domestic Tax Authority [Member]
Open Tax Year	2017 2018 2019 2020 2021

Note G - Income Taxes - Geographical Breakdown of Income Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
United States	$ 12,125	$ (1,738)
Domestic Tax Authority [Member]
United States	7,462	(5,742)
Foreign Tax Authority [Member]
United States	$ 4,663	$ 4,004

Note G - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Current:
Federal	$ 274	$ 31
State	59	4
Foreign	1,238	728
Total Current	1,571	763
Deferred:
Federal	44	(641)
State	211	(215)
Foreign	(469)
Total deferred	(214)	(856)
Total provision (benefit) for income taxes	$ 1,357	$ (93)

Note G - Income Taxes - Net Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Deferred tax assets:
Inventory capitalization	$ 259,000	$ 412,000
Inventory reserves	143,000	301,000
Pension liability	150,000	260,000
Lease liability	2,477,000	2,732,000
Net operating loss carry forward	94,000	245,000
Accrued compensation	568,000
Stock-based compensation	96,000	157,000
Deferred Tax Assets, Derivative Instruments	8,000	93,000
Tax credit carry forward	300,000	340,000
Allowance for bad debt	863,000	819,000
Other, net	3,000	246,000
Total gross deferred tax assets	4,961,000	5,605,000
Deferred tax liabilities:
Withholding taxes	(1,133,000)	(1,133,000)
Fixed Assets	(997,000)	(1,011,000)
Foreign inventory reserves		(469,000)
Lease asset	(2,413,000)	(2,681,000)
Other, net	(204,000)	(115,000)
Deferred tax liabilities	(4,747,000)	(5,409,000)
Net deferred tax assets	$ 214,000	$ 196,000

Note G - Income Taxes - Reconciliation of Income Tax Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Income taxes computed at statutory federal income tax rate	$ 2,546	$ (364)
State income taxes, net of federal income tax expense	189	(174)
Permanent Differences	(6)	155
Foreign tax rate differential	(210)	(112)
Tax credits	(60)
FDII export sales incentive	(137)
Stock based compensation	(231)
Global intangible low-taxed income (GILTI)	28	402
GILTI final regulations planning	(436)
CARES Act rate differential	(326)
Total provision (benefit) for income taxes	$ 1,357	$ (93)
Effective Income Tax Rate Reconciliation, Percent, Total	11.30%	5.40%

Note H - Employee Benefit Plans (Details Textual) - USD ($)		12 Months Ended
	Jan. 01, 2004	Jun. 30, 2021	Jun. 30, 2020
Defined Contribution Plan, Employer Discretionary Contribution Amount		$ 400,000	$ 300,000
Health Insurance Plan Premium Expense		1,200,000	$ 1,400,000
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount		$ 1,500,000
Number of Years Compensation Used for Benefit Obligation Assumptions (Year)		5 years
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate		2.74%	2.45%
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year		$ 7,000
Defined Benefit Plan, Plan Assets, Contributions by Employer		7,000	$ 0
Defined Benefit Plan, Expected Amortization, Next Fiscal Year, Total		$ 34,000
Large-cap Funds [Member]
Defined Benefit Plan Equity Securities by Type, Percentage		83.00%
Developed Market Funds [Member]
Defined Benefit Plan Equity Securities by Type, Percentage		10.00%
Emerging Markets Equity Funds [Member]
Defined Benefit Plan Equity Securities by Type, Percentage		7.00%
Fixed Income Funds [Member]
Defined Benefit Plan Equity Securities by Type, Percentage		52.00%
Developed Market Fixed Income Funds [Member]
Defined Benefit Plan Equity Securities by Type, Percentage		48.00%
First Contributions [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	100.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	3.00%
Next Contributions [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	2.00%

Note H - Employee Benefit Plans - Defined Benefit Pension Plan's Funded Status and Amount Recognized (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Change in Benefit Obligation:
Benefit obligation at beginning of year	$ 2,035,000	$ 1,615,000
Interest cost	39,000	46,000
Actuarial loss	(43,000)	380,000
Benefits paid	(211,000)	(6,000)
Benefit obligation at end of year	1,820,000	2,035,000
Change in Plan Assets:
Fair value of plan assets at beginning of year	1,339,000	1,369,000
Actual return on plan assets	294,000	(24,000)
Defined Benefit Plan, Plan Assets, Contributions by Employer	7,000	0
Benefits paid	(211,000)	(6,000)
Plan expenses
Fair value of plan assets at end of year	1,429,000	1,339,000
Reconciliation of Funded Status:
Difference between benefit obligation and fair value of plan assets	(391,000)	(696,000)
Unrecognized net actuarial loss in accumulated other comprehensive income	626,000	1,087,000
Net amount recognized	235,000	391,000
Projected benefit obligation	1,820,000	2,035,000
Accumulated benefit obligation	1,820,000	2,035,000
Fair value of plan assets	$ 1,429,000	$ 1,339,000

Note H - Employee Benefit Plans - Components Included in Defined Benefit Pension Plan's Net Periodic Benefit Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Interest cost	$ 39	$ 46
Expected return on plan assets	(59)	(69)
Recognized actuarial loss	110	50
Settlement loss	73
Net periodic benefit expense	$ 163	$ 27

Note H - Employee Benefit Plans - Summary of Changes in Plan Assets and Benefit Obligation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Net (gain) loss	$ (277)	$ 481
Settlement loss	(73)
Amortization of net loss	(110)	(57)
Plan expenses
Total recognized in other comprehensive (loss) income	(460)	424
Total recognized in net periodic benefit cost and other comprehensive income	$ (297)	$ 451

Note H - Employee Benefit Plans - Benefit Payments Expected to be Paid (Details) $ in Thousands	Jun. 30, 2021 USD ($)
2022	$ 787
2023	109
2024
2025	323
2026	16
2027-2031	345
Total benefit payments expected to be paid	$ 1,580

Note H - Employee Benefit Plans - Weighted-average Rates Used In Determining Defined Benefit Pension Plan's Net Pension Costs (Details)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Discount rate	2.74%	2.45%
Expected long-term rate of return	6.60%	6.50%
Compensation increase rate

Note H - Employee Benefit Plans - Defined Benefit Pension Plan's Weighted Average Asset Association and Weighted Average Target Allocation (Details)	Jun. 30, 2021	Jun. 30, 2020
Weighted-average asset allocation	100.00%	100.00%
Weighted-average target allocation	100.00%
Equity Securities [Member]
Weighted-average asset allocation	62.00%	52.00%
Weighted-average target allocation	54.00%
Debt Securities [Member]
Weighted-average asset allocation	25.00%	32.00%
Weighted-average target allocation	43.00%
Commodity Contract [Member]
Weighted-average asset allocation	12.00%	12.00%
Weighted-average target allocation	0.00%
Cash and Cash Equivalents [Member]
Weighted-average asset allocation	1.00%	4.00%
Weighted-average target allocation	3.00%

Note H - Employee Benefit Plans - Fair Values by Asset Category of Defined Benefit Pension Plan (Details) - USD ($)
$ in Thousands

Jun. 30, 2021

Jun. 30, 2020

Jun. 30, 2019

Fair Value, Inputs, Level 1 [Member]

$ 1,429

$ 1,339

$ 1,369

Fair Value, Inputs, Level 2 [Member]

1,429

Fair Value, Inputs, Level 3 [Member]

Cash and Cash Equivalents [Member]

Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member]

Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 2 [Member]

Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 3 [Member]

Commodities and Other [Member]

Commodities and Other [Member] | Fair Value, Inputs, Level 1 [Member]

172

Commodities and Other [Member] | Fair Value, Inputs, Level 2 [Member]

172

Commodities and Other [Member] | Fair Value, Inputs, Level 3 [Member]

Equity Securities [Member]

Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]

^[1]

882

Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]

^[1]

882

Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]

^[1]

^[1]

Debt Securities [Member]

Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]

^[2]

366

Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]

^[2]

366

Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]

^[2]

^[2]

[1]	This category is comprised of publicly traded funds, of which 79% are large-cap funds, 13% are developed market funds, and 8% are emerging markets equity funds.
[2]	This category is comprised of publicly traded funds, of which 82% are U.S. fixed income funds and 18% are developed market fixed income funds.

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References + Details

Note I - Stockholders' Equity (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2021	Mar. 13, 2021	Mar. 12, 2021	Sep. 19, 2020	Sep. 18, 2020
Stock Repurchase Program, Authorized Amount		$ 15.0	$ 3.0	$ 12.0	$ 2.0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares)	130,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Cashless Exercises (in shares)	120,000
Stock Issued During Period, Shares, Stock Options Exercised for Cash (in shares)	55,915
Restricted Stock [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 1.8
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	1 year 328 days

Note I - Stockholders' Equity - Treasury Stock Repurchases (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Treasury Stock Acquired, Average Cost (in dollars per share)
Treasury Stock Acquired, Total Cost	$ 3,844	$ 3,747
Total, shares (in shares)	463,492	462,700
Total, cost	$ 4,147	$ 3,747
Stock Repurchase Plan [Member]
Treasury Stock Acquired, Shares (in shares)	385,822	400,787
Treasury Stock Acquired, Average Cost (in dollars per share)	$ 8.28	$ 8.25
Treasury Stock Acquired, Total Cost	$ 3,197	$ 3,305
Stock Repurchased in Connection with Stock Option Exercised [Member]
Treasury Stock Acquired, Average Cost (in dollars per share)	$ 9.95
Shares acquired in connection with stock option exercises, shares (in shares)	30,442
Shares acquired in connection with stock option exercises, cost	$ 303
Stock Repurchased from Employee for Restricted Stock Vesting [Member]
Treasury Stock Acquired, Shares (in shares)	47,228	61,913
Treasury Stock Acquired, Average Cost (in dollars per share)	$ 13.69	$ 7.14
Treasury Stock Acquired, Total Cost	$ 647	$ 442

Note I - Stockholders' Equity - Stock Option Activity (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Exercised (in shares)	(130,000)
The 2009 Omnibus Stock Incentive Plan [Member]
Vested and exercisable (in shares)	130,000	130,000
Vested and exercisable (in dollars per share)	$ 6.28	$ 6.28
Exercised (in shares)	(130,000)
Exercised (in dollars per share)	$ (6.28)
Forfeited (in shares)
Forfeited (in dollars per share)
Granted (in shares)
Granted (in dollars per share)
Outstanding (in shares)		130,000
Outstanding (in dollars per share)		$ 6.28
Outstanding		$ 150,400
Vested and exercisable (in shares)		130,000
Vested and exercisable (in dollars per share)		$ 6.28
Vested and exercisable		$ 150,400
Outstanding (Year)		215 days
Vested and exercisable (Year)		215 days

Note I - Stockholders' Equity - Restricted Stock (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
The 2009 Omnibus Stock Incentive Plan [Member]
Nonvested, Shares (in shares)	197,650	383,988
Nonvested, weighted-average grant date fair value (in dollars per share)	$ 11.06	$ 10.70
Granted, Shares (in shares)		5,000
Granted, weighted-average grant date fair value (in dollars per share)		$ 8.50
Vested, Shares (in shares)	(136,326)	(176,338)
Granted, weighted-average grant date fair value (in dollars per share)	$ 10.88	$ 10.33
Forfeited, Shares (in shares)		(15,000)
Forfeited, weighted-average grant date fair value (in dollars per share)		$ 9.65
Nonvested, Shares (in shares)	61,324	197,650
Nonvested, weighted-average grant date fair value (in dollars per share)	$ 11.47	$ 11.06
Available for grant, Shares (in shares)
The 2020 Omnibus Stock Incentive Plan [Member]
Nonvested, Shares (in shares)
Nonvested, weighted-average grant date fair value (in dollars per share)
Granted, Shares (in shares)	91,773
Granted, weighted-average grant date fair value (in dollars per share)	$ 16.81
Vested, Shares (in shares)	(4,000)
Granted, weighted-average grant date fair value (in dollars per share)	$ 16.81
Forfeited, Shares (in shares)
Forfeited, weighted-average grant date fair value (in dollars per share)
Nonvested, Shares (in shares)	87,773
Nonvested, weighted-average grant date fair value (in dollars per share)	$ 16.81
Available for grant, Shares (in shares)	608,227

Note J - Commitments (Details Textual) $ in Millions	12 Months Ended
Note J - Commitments (Details Textual) $ in Millions	Jun. 30, 2021 USD ($) ft²	Jun. 30, 2020 USD ($)	Nov. 05, 2018 m²
Operating Leases, Rent Expense, Net, Total \| $	$ 3.4	$ 3.2
California 1 [Member]
Operating Lease Facility Area (Square Foot)	162,000
SWITZERLAND \| Natural Alternatives International Europe SA [Member]
Operating Lease Facility Area (Square Foot)	125,000
Lessee, Operating Lease, Term of Contract (Year)	5 years
SWITZERLAND \| Natural Alternatives International Europe SA [Member] \| Sofinol SA [Member]
Operating Lease Facility Area (Square Foot) \| m²			2,870
Lessee, Operating Lease, Term of Contract (Year)			5 years

Note J - Commitments - Minimum Rental Commitments (Details) $ in Thousands	Jun. 30, 2021 USD ($)
2022	$ 3,193
2023	3,186
2024	2,659
2025
2026
There-after
Total	$ 9,038

Note K - Economic Dependency (Details Textual) - USD ($) $ in Millions	Jun. 30, 2021	Jun. 30, 2020
Accounts Receivable, after Allowance for Credit Loss, Total	$ 14.0	$ 13.4

Note K - Economic Dependency - Substantial Net Sales to Certain Customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Net sales	$ 178,520	$ 118,876
Customer Concentration Risk [Member] \| Revenue Benchmark [Member]
Net sales	116,230	77,154
Customer Concentration Risk [Member] \| Revenue Benchmark [Member] \| Customer 1 [Member]
Net sales	90,820	52,462
Customer Concentration Risk [Member] \| Revenue Benchmark [Member] \| Customer 2 [Member]
Net sales	$ 25,410	$ 24,692

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

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Raw Material Purchases by Supplier

Note K - Economic Dependency - Substantial Net Purchase From Certain Suppliers (Details) - Supplier Concentration Risk [Member] - Raw Material Purchases [Member] - USD ($)
$ in Thousands

12 Months Ended

Jun. 30, 2021

Jun. 30, 2020

$ 23,033

$ 6,356

% of Total Raw Material Purchases

24.00%

10.00%

Supplier 1 [Member]

Raw Material Purchases by Supplier

$ 23,033

% of Total Raw Material Purchases

24.00%

^[1]

Supplier 2 [Member]

Raw Material Purchases by Supplier

$ 6,356

% of Total Raw Material Purchases

10.00%

[1]	Purchases were less than 10% of the respective period's total raw material purchases.

Note L - Derivatives and Hedging (Details Textual) € in Millions, SFr in Millions	12 Months Ended
	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2021 EUR (€)	Jun. 30, 2021 CHF (SFr)
Accumulated Other Comprehensive Income (Loss) Cumulative Cash Flow Hedges, Gain (Loss)	$ (33,000)	$ (400,000)
Deferred Tax Assets, Derivative Instruments	8,000	93,000
Deferred Tax Liabilities, Derivatives		100,000
Derivative Liability, Current	814,000
Derivative Liability, Noncurrent	4,000	195,000
Reclassification out of Accumulated Other Comprehensive Income [Member]
Foreign Currency Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	6,000
Cash Flow Hedging [Member]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(2,800,000)	1,400,000
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Interest Income, Effective Portion, Net	(3,200,000)	2,700,000
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net, Total		$ 100,000
Foreign Exchange Contract [Member] \| Not Designated as Hedging Instrument [Member]
Derivative, Notional Amount	6,200,000			SFr 5.5
Derivative Liability, Current	200,000
Foreign Exchange Contract [Member] \| Cash Flow Hedging [Member]
Derivative, Notional Amount	60,400,000		€ 51.3
Derivative Liability, Current	600,000
Derivative Liability, Noncurrent	$ 4,000

Note N - Segment Information (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Number of Reportable Segments	2
Revenue from Contract with Customer, Including Assessed Tax	$ 178,520	$ 118,876
Non-US [Member]
Revenue from Contract with Customer, Including Assessed Tax	83,818	51,964
UNITED STATES
Revenue from Contract with Customer, Including Assessed Tax	$ 94,702	$ 66,912
Products Manufactured by NAIE [Member] \| Non-US [Member] \| Product Concentration Risk [Member] \| Revenue Benchmark [Member]
Concentration Risk, Percentage	77.00%	89.00%
Products Manufactured by NAIE [Member] \| UNITED STATES
Revenue from Contract with Customer, Including Assessed Tax	$ 0	$ 0

Note N - Segment Information - Operating Results by Business Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Net sales	$ 178,520	$ 118,876
Income from operations	13,672	(1,509)
Operating Segments [Member]
Income from operations	22,186	6,538
Corporate, Non-Segment [Member]
Income from operations	(8,514)	(8,047)
Private Label Contract Manufacturing [Member]
Net sales	164,310	106,291
Private Label Contract Manufacturing [Member] \| Operating Segments [Member]
Income from operations	17,744	4,030
Patent and Trademark Licensing [Member]
Net sales	14,210	12,585
Patent and Trademark Licensing [Member] \| Operating Segments [Member]
Income from operations	$ 4,442	$ 2,508

Note N - Segment Information - Assets by Business Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Assets	$ 120,281	$ 120,203
Private Label Contract Manufacturing [Member]
Assets	95,324	100,094
Patent and Trademark Licensing [Member]
Assets	$ 24,957	$ 20,109

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Note N - Segment Information - Net Sales by Geographic Region (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Net sales	$ 178,520	$ 118,876
UNITED STATES
Net sales	94,702	66,912
Non-US [Member]
Net sales	$ 83,818	$ 51,964

Note N - Segment Information - Long-lived Assets by Geographical Region (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Long-Lived Assets	$ 38,148	$ 39,877
UNITED STATES
Long-Lived Assets	21,109	21,769
Europe [Member]
Long-Lived Assets	$ 17,039	$ 18,108

Note N - Segment Information - Total Assets by Geographical Region (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Total Assets	$ 120,281	$ 120,203
UNITED STATES
Total Assets	67,307	66,489
Europe [Member]
Total Assets	$ 52,974	$ 53,714