Quarterly report [Sections 13 or 15(d)]

Income Taxes (Tables)

v3.25.1
Income Taxes (Tables)
9 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Net Income (Loss) from Operations before Provision for Income Taxes

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

 

 

 

Three Months Ended March 31,

 

 

Nine Months Ended March 31,

 

 

 

2025

 

 

 

2024

 

 

2025

 

 

2024

 

U.S.

 

$

(11,512

)

 

 

$

6,403

 

 

$

6,222

 

 

$

48,753

 

Foreign

 

 

1,573

 

 

 

 

37

 

 

 

2,028

 

 

 

50

 

 

$

(9,939

)

 

 

$

6,440

 

 

$

8,250

 

 

$

48,803

 

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 (benefit) for income tax expense by jurisdiction and the effective tax rate are shown below (in thousands):

 

 

 

Three Months Ended March 31,

 

 

Nine Months Ended March 31,

 

 

 

2025

 

 

 

2024

 

 

2025

 

 

2024

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal

 

$

(1,117

)

 

 

$

1,089

 

 

$

1,801

 

 

$

9,441

 

State and local

 

 

(74

)

 

 

 

182

 

 

 

304

 

 

 

1,239

 

Foreign

 

 

(40

)

 

 

 

15

 

 

 

461

 

 

 

25

 

 

$

(1,231

)

 

 

$

1,286

 

 

$

2,566

 

 

$

10,705

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective income tax rate

 

 

12.4

%

 

 

 

20.0

%

 

 

31.1

%

 

 

21.9

%