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v3.22.2.2

Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2022
Income Taxes |
Schedule of income (loss) before income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Year Ended June 30 |  | 2022 |  | 2021 |  | 2020
Domestic | ​ | $ | 27,695 | ​ | $ | 12,684 | ​ | $ | (3,142)
Foreign | ​ |  | 44,632 | ​ |  | 53,784 | ​ |  | 58,654
Income before income taxes | ​ | $ | 72,327 | ​ | $ | 66,468 | ​ | $ | 55,512
​
Schedule of components of the provision for income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Year Ended June 30 |  | 2022 |  | 2021 |  | 2020
Current provision (benefit): |  | ​ |  |  | ​ |  |  | ​ |
Federal | ​ | $ | 4,874 | ​ | $ | 99 | ​ | $ | (1,271)
State and local | ​ |  | 1,468 | ​ |  | 887 | ​ |  | 401
Foreign | ​ |  | 17,613 | ​ |  | 13,280 | ​ |  | 14,705
Total current provision | ​ |  | 23,955 | ​ |  | 14,266 | ​ |  | 13,835
Deferred provision (benefit): | ​ |  | ​ | ​ |  | ​ | ​ |  |
Federal | ​ |  | (75) | ​ |  | 291 | ​ |  | 5,226
State and local | ​ |  | 251 | ​ |  | (110) | ​ |  | 696
Foreign | ​ |  | 23 | ​ |  | (2,663) | ​ |  | 218
Change in valuation allowance–foreign | ​ |  | (1,002) | ​ |  | 299 | ​ |  | 1,985
Total deferred provision (benefit) | ​ |  | (803) | ​ |  | (2,183) | ​ |  | 8,125
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Provision for income taxes | ​ | $ | 23,152 | ​ | $ | 12,083 | ​ | $ | 21,960
​
Schedule of reconciliations of the Federal statutory rate to the Company's effective tax rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Year Ended June 30 |  | 2022 |  | 2021 |  | 2020 | ​
Federal income tax rate |  | 21.0 | % | 21.0 | % | 21.0 | %
State and local taxes, net of federal benefit |  | 2.0 | ​ | 0.8 | ​ | 1.7 | ​
Foreign income tax rates |  | 4.9 | ​ | 4.2 | ​ | 3.6 | ​
Changes in uncertain tax positions | ​ | 4.4 | ​ | (6.8) | ​ | 5.2 | ​
Global Intangible Low-Taxed Income |  | 0.3 | ​ | 1.3 | ​ | 6.2 | ​
Recognition of federal and foreign tax credits | ​ | (0.9) | ​ | (2.1) | ​ | (0.9) | ​
Change in valuation allowance | ​ | (1.4) | ​ | 0.5 | ​ | 3.6 | ​
Foreign derived intangible income | ​ | (2.1) | ​ | — | ​ | — | ​
Other |  | 3.8 | ​ | (0.7) | ​ | (0.8) | ​
Effective tax rate |  | 32.0 | % | 18.2 | % | 39.6 | %
​
Schedule of the tax effects of significant temporary differences that comprise deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2022 |  | 2021
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​
Employee-related accruals | ​ | $ | 6,879 | ​ | $ | 6,337
Inventory | ​ |  | 2,288 | ​ |  | 2,094
Environmental remediation | ​ |  | 751 | ​ |  | 765
Net operating loss carry forwards–domestic | ​ |  | 1,323 | ​ |  | 1,522
Net operating loss carry forwards–foreign | ​ |  | 4,348 | ​ |  | 5,517
Operating lease liabilities | ​ | ​ | 7,639 | ​ | ​ | 8,312
Other | ​ | ​ | (1,066) | ​ |  | 4,672
​ | ​ |  | 22,162 | ​ |  | 29,219
Valuation allowance | ​ |  | (2,618) | ​ |  | (3,709)
​ | ​ |  | 19,544 | ​ |  | 25,510
Deferred tax liabilities: | ​ |  | ​ | ​ |  | ​
Property, plant and equipment and intangible assets | ​ | ​ | (7,187) | ​ | ​ | (7,550)
Operating lease ROU assets | ​ | ​ | (7,489) | ​ | ​ | (8,251)
Other | ​ |  | (24) | ​ |  | (793)
​ | ​ |  | (14,700) | ​ |  | (16,594)
​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax asset | ​ | $ | 4,844 | ​ | $ | 8,916
​
Schedule of deferred taxes included in the line items of the consolidated balance sheets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2022 |  | 2021
Other assets | ​ | $ | 5,849 | ​ | $ | 9,861
Other liabilities | ​ |  | (1,005) | ​ |  | (945)
​ | ​ | $ | 4,844 | ​ | $ | 8,916
​
Schedule of the valuation allowance for deferred tax assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2022 |  | 2021 |  | 2020
Balance at beginning of period | ​ | $ | 3,709 | ​ | $ | 3,403 | ​ | $ | 808
(Benefit) provision for income taxes | ​ | ​ | (1,091) | ​ |  | 306 | ​ |  | 2,595
Balance at end of period | ​ | $ | 2,618 | ​ | $ | 3,709 | ​ | $ | 3,403
​
Schedule of the reconciliation of the beginning and ending amount of unrecognized tax benefits | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2022 |  | 2021 |  | 2020
Unrecognized tax benefits–beginning of period | ​ | $ | 5,311 | ​ | $ | 9,507 | ​ | $ | 6,343
Tax position changes–current period | ​ |  | 5,333 | ​ |  | 1,873 | ​ |  | 2,850
Tax position changes–prior periods, including settlements with tax authorities | ​ |  | (1,175) | ​ |  | (5,354) | ​ |  | 108
Lapse of statute of limitations | ​ |  | (1,071) | ​ |  | (1,109) | ​ |  | —
Effect of changes in exchange rates | ​ |  | (566) | ​ |  | 394 | ​ |  | 206
Unrecognized tax benefits–end of period | ​ |  | 7,832 | ​ |  | 5,311 | ​ |  | 9,507
Interest and penalties–end of period | ​ |  | 427 | ​ |  | 391 | ​ |  | 969
Total liabilities related to uncertain tax positions | ​ | $ | 8,259 | ​ | $ | 5,702 | ​ | $ | 10,476
​

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