Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

v3.20.1
Income Taxes (Tables)
9 Months Ended
Mar. 31, 2020
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

 

 

Nine Months Ended

 

 

 

March 31,

2020

 

 

March 31,

2019

 

 

March 31,

2020

 

 

March 31,

2019

 

U.S.

 

$

13,415

 

 

$

1,355

 

 

$

15,497

 

 

$

4,214

 

Foreign

 

 

7

 

 

 

8

 

 

 

20

 

 

 

26

 

 

 

$

13,422

 

 

$

1,363

 

 

$

15,517

 

 

$

4,240

 

Provision for Income Tax Expense by Jurisdiction and Effective Tax Rate The provision for income tax expense by jurisdiction and the effective tax rate for the three and nine months ended March 31, 2020 and 2019 are shown below:

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

March 31,

2020

 

 

March 31,

2019

 

 

March 31,

2020

 

 

March 31,

2019

 

Federal

 

$

1,534

 

 

$

338

 

 

$

1,972

 

 

$

959

 

State and local

 

 

279

 

 

 

61

 

 

 

376

 

 

 

177

 

Foreign

 

 

1

 

 

 

3

 

 

 

3

 

 

 

7

 

Income tax expense

 

$

1,814

 

 

$

402

 

 

$

2,351

 

 

$

1,143

 

Effective tax rate

 

 

13.5

%

 

 

29.5

%

 

 

15.2

%

 

 

27.0

%