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v3.25.2

Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2025
Income Taxes |
Schedule of income (loss) before income taxes |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Year Ended June 30 |  | 2025 |  | 2024 |  | 2023
Domestic | ​ | $ | 3,304 | ​ | $ | (22,820) | ​ | $ | 14,776
Foreign | ​ |  | 64,689 | ​ |  | 33,736 | ​ |  | 39,295
Income before income taxes | ​ | $ | 67,993 | ​ | $ | 10,916 | ​ | $ | 54,071
​ ​ Components of the provision for income taxes were:
Schedule of components of the provision for income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Year Ended June 30 |  | 2025 |  | 2024 |  | 2023
Current provision: |  | ​ |  |  | ​ |  |  | ​ |
Federal | ​ | $ | 5,557 | ​ | $ | 3,037 | ​ | $ | 9,801
State and local | ​ |  | 2,448 | ​ |  | 1,718 | ​ |  | 1,810
Foreign | ​ |  | 16,477 | ​ |  | 15,740 | ​ |  | 12,750
Total current provision | ​ |  | 24,482 | ​ |  | 20,495 | ​ |  | 24,361
Deferred provision (benefit): | ​ |  | ​ | ​ |  | ​ | ​ |  |
Federal | ​ |  | (4,412) | ​ |  | (4,755) | ​ |  | (6,151)
State and local | ​ |  | (1,521) | ​ |  | (1,523) | ​ |  | (266)
Foreign | ​ |  | 1,171 | ​ |  | (4,468) | ​ |  | 3,424
Change in foreign valuation allowances | ​ |  | 9 | ​ |  | (1,249) | ​ |  | 97
Total deferred benefit | ​ |  | (4,753) | ​ |  | (11,995) | ​ |  | (2,896)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Provision for income taxes | ​ | $ | 19,729 | ​ | $ | 8,500 | ​ | $ | 21,465
Schedule of reconciliations of the Federal statutory rate to the Company's effective tax rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Year Ended June 30 |  | 2025 |  | 2024 |  | 2023 | ​
U.S. federal statutory income tax rate |  | 21.0 | % | 21.0 | % | 21.0 | %
State and local taxes, net of federal benefit |  | 0.6 | ​ | (1.1) | ​ | 2.0 | ​
Taxes on non-U.S. income |  | (0.6) | ​ | 9.9 | ​ | 8.9 | ​
Changes in uncertain tax positions | ​ | — | ​ | 30.7 | ​ | 5.1 | ​
Global Intangible Low-Taxed Income |  | 4.7 | ​ | 18.3 | ​ | 3.3 | ​
Recognition of federal and foreign tax credits | ​ | (13.7) | ​ | (10.6) | ​ | (3.1) | ​
Change in valuation allowance | ​ | (0.1) | ​ | (11.4) | ​ | 0.2 | ​
Foreign derived intangible income | ​ | — | ​ | (3.8) | ​ | (3.7) | ​
Non-U.S. withholding and related taxes, net, on planned repatriation | ​ | 13.0 | ​ | 28.4 | ​ | — | ​
Impact of foreign tax credit regulations and related changes | ​ | — | ​ | (20.0) | ​ | 1.9 | ​
Non-deductible operating expenses | ​ | 2.9 | ​ | 11.3 | ​ | 0.9 | ​
Non-deductible acquisition costs | ​ | — | ​ | 4.3 | ​ | — | ​
Other |  | 1.1 | ​ | 0.9 | ​ | 3.2 | ​
Effective income tax rate |  | 29.0 | % | 77.9 | % | 39.7 | %
Schedule of the tax effects of significant temporary differences that comprise deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2025 |  | 2024
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​
Employee-related accruals | ​ | $ | 5,940 | ​ | $ | 6,620
Inventory | ​ |  | 10,681 | ​ |  | 1,521
Environmental remediation | ​ |  | 783 | ​ |  | 767
Net operating loss carry forwards–domestic | ​ |  | 689 | ​ |  | 777
Net operating loss carry forwards–foreign | ​ |  | 2,705 | ​ |  | 3,813
Operating lease liabilities | ​ | ​ | 8,399 | ​ | ​ | 6,788
R&D cost capitalization | ​ | ​ | 8,647 | ​ | ​ | 7,227
Unrealized foreign exchange | ​ | ​ | — | ​ | ​ | 1,470
Interest expense limitation | ​ | ​ | 3,900 | ​ | ​ | 4,518
Accrued expenses | ​ | ​ | 11,001 | ​ | ​ | 5,535
Acquisition related expenses | ​ | ​ | 2,161 | ​ | ​ | 1,167
Other | ​ | ​ | 4,703 | ​ |  | 522
​ | ​ |  | 59,609 | ​ |  | 40,725
Valuation allowance | ​ |  | (1,279) | ​ |  | (1,288)
​ | ​ |  | 58,330 | ​ |  | 39,437
Deferred tax liabilities: | ​ |  | ​ | ​ |  | ​
Property, plant and equipment and intangible assets | ​ | ​ | (18,989) | ​ | ​ | (5,282)
Operating lease ROU assets | ​ | ​ | (7,939) | ​ | ​ | (6,441)
Prepaid expenses | ​ | ​ | (1,728) | ​ | ​ | (1,505)
Unrealized foreign exchange | ​ | ​ | (1,601) | ​ | ​ | —
Non-U.S. withholding and related taxes, net, on planned repatriation | ​ | ​ | (250) | ​ | ​ | (2,828)
Other | ​ |  | (6,472) | ​ |  | (4,677)
​ | ​ |  | (36,979) | ​ |  | (20,733)
​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax asset | ​ | $ | 21,351 | ​ | $ | 18,704
Schedule of deferred taxes included in the line items of the consolidated balance sheets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2025 |  | 2024
Other assets | ​ | $ | 25,548 | ​ | $ | 19,371
Other liabilities | ​ |  | (4,197) | ​ |  | (667)
​ | ​ | $ | 21,351 | ​ | $ | 18,704
Schedule of the valuation allowance for deferred tax assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2025 |  | 2024 |  | 2023
Balance at beginning of period | ​ | $ | 1,288 | ​ | $ | 2,598 | ​ | $ | 2,618
Benefit for income taxes | ​ | ​ | (9) | ​ |  | (1,310) | ​ |  | (20)
Balance at end of period | ​ | $ | 1,279 | ​ | $ | 1,288 | ​ | $ | 2,598
Schedule of the reconciliation of the beginning and ending amount of unrecognized tax benefits | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
As of June 30 |  | 2025 |  | 2024 |  | 2023
Unrecognized tax benefits–beginning of period | ​ | $ | 11,861 | ​ | $ | 9,449 | ​ | $ | 7,832
Tax position changes–current period | ​ |  | (809) | ​ |  | 2,066 | ​ |  | 2,181
Tax position changes–prior periods, including settlements with tax authorities | ​ |  | 541 | ​ |  | 615 | ​ |  | 193
Lapse of statute of limitations | ​ |  | (637) | ​ |  | (58) | ​ |  | (194)
Effect of changes in exchange rates | ​ |  | 1,514 | ​ |  | (211) | ​ |  | (563)
Unrecognized tax benefits–end of period | ​ |  | 12,470 | ​ |  | 11,861 | ​ |  | 9,449
Interest and penalties–end of period | ​ |  | 2,804 | ​ |  | 1,689 | ​ |  | 981
Total liabilities related to uncertain tax positions | ​ | $ | 15,274 | ​ | $ | 13,550 | ​ | $ | 10,430

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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