Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

v3.25.0.1
Income Taxes (Tables)
6 Months Ended
Dec. 31, 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 December 31,

 

 

Six Months Ended December 31,

 

 

 

2024

 

 

 

2023

 

 

2024

 

 

2023

 

U.S.

 

$

8,360

 

 

 

$

18,422

 

 

$

17,734

 

 

$

42,350

 

Foreign

 

 

(344

)

 

 

 

6

 

 

 

455

 

 

 

13

 

 

$

8,016

 

 

 

$

18,428

 

 

$

18,189

 

 

$

42,363

 

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 December 31,

 

 

Six Months Ended December 31,

 

 

 

2024

 

 

 

2023

 

 

2024

 

 

2023

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

Federal

 

$

1,593

 

 

 

$

3,965

 

 

$

2,918

 

 

$

8,352

 

State and local

 

 

224

 

 

 

 

497

 

 

 

378

 

 

 

1,057

 

Foreign

 

 

225

 

 

 

 

5

 

 

 

501

 

 

 

10

 

 

$

2,042

 

 

 

$

4,467

 

 

$

3,797

 

 

$

9,419

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective income tax rate

 

 

25.5

%

 

 

 

24.2

%

 

 

20.9

%

 

 

22.2

%