Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

v3.24.3
Income Taxes (Tables)
3 Months Ended
Sep. 30, 2024
Income Tax Disclosure [Abstract]  
Net Income from Operations before Provision for Income Taxes

Net income from operations before provision for income taxes is shown below (in thousands):

 

 

 

 

Three Months Ended September 30,

 

 

 

 

2024

 

 

2023

 

U.S.

 

 

$

9,374

 

 

$

23,928

 

Foreign

 

 

 

799

 

 

 

7

 

 

 

$

10,173

 

 

$

23,935

 

Provision for Income Tax Expense by Jurisdiction and Effective Tax Rate

The Company files a consolidated federal income tax return based on a June 30 tax year end. The provision for income tax expense by jurisdiction and the effective tax rate are shown below (in thousands):

 

 

 

 

Three Months Ended September 30,

 

 

 

 

2024

 

 

2023

 

Current:

 

 

 

 

 

 

 

Federal

 

 

$

1,325

 

 

$

4,387

 

State and local

 

 

 

154

 

 

 

560

 

Foreign

 

 

 

276

 

 

 

5

 

 

 

$

1,755

 

 

$

4,952

 

 

 

 

 

 

 

 

Effective income tax rate

 

 

 

17.3

%

 

 

20.7

%