Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

v3.3.1.900
Income Taxes (Tables)
6 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Schedule of components of income tax expense (benefit)
The provision for income taxes for the three and six months ended December 31, 2015 and 2014 consists of the following:
in thousands
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
December 31, 2015
 
December 31, 2014
 
December 31, 2015
 
December 31, 2014
 
Federal
 
$
759

 
$
992

 
$
3,811

 
$
1,672

 
State and local
 
68

 
139

 
328

 
237

 
Provision for income taxes
 
$
827

 
$
1,131

 
$
4,139

 
$
1,909

 
 
 
 
 
 
 
 
 
 
 
Schedule of effective income tax rate
The effective tax rate for the three and six months ended December 31, 2015 and 2014 is as follows:
in thousands
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
December 31, 2015
 
December 31, 2014
 
December 31, 2015
 
December 31, 2014
 
Effective tax rate
 
38.3
%
 
40.5
%
 
38.2
%
 
40.5
%