XML 42 R28.htm IDEA: XBRL DOCUMENT
v3.23.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2023
Income Taxes |
Schedule of provision for income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year ended June 30,
​ |  | 2023 |  | 2022 |  | 2021
Current income taxes: |  | ​ |  |  | ​ |  |  | ​ |
Federal | ​ | $ | 5,899 | ​ | $ | 2,161 | ​ | $ | 1,912
State | ​ |  | 1,020 | ​ |  | 300 | ​ |  | 265
​ | ​ |  | 6,919 | ​ |  | 2,461 | ​ |  | 2,177
Deferred income taxes: | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​
Federal | ​ | ​ | (2,334) | ​ | ​ | (214) | ​ |  | 337
State | ​ | ​ | (484) | ​ | ​ | — | ​ | ​ | —
​ | ​ | ​ | (2,818) | ​ |  | (214) | ​ |  | 337
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Provision for income taxes | ​ | $ | 4,101 | ​ | $ | 2,247 | ​ | $ | 2,514
Schedule of effective income tax rate reconciliation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​ | ​ | 2022 |  | ​ | 2021 |
​ | ​ | ​ | ​ | ​ | % of | ​ | ​ | ​ | ​ | ​ | % of | ​ | ​ | ​ | ​ | ​ | % of | ​
​ | ​ | ​ | ​ | ​ | Pre-tax | ​ | ​ | ​ | ​ | ​ | Pre-tax | ​ | ​ | ​ | ​ | ​ | Pre-tax | ​
​ |  | Amount |  | Income |  | ​ | Amount |  | Income |  | ​ | Amount |  | Income |
Tax at Federal statutory rate | ​ | $ | 6,558 | ​ | 21.0 | % | ​ | $ | 4,588 | ​ | 21.0 | % | ​ | $ | 3,765 | ​ | 21.0 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Increases (decreases) in taxes resulting from: |  | ​ |  |  |  |  | ​ | ​ |  |  |  | ​ | ​ | ​ |  |  |  | ​
Meals and entertainment |  | ​ | 48 |  | 0.2 | % | ​ | ​ | 29 |  | 0.1 | % | ​ | ​ | 29 |  | 0.2 | %
State income taxes, net of Federal income tax benefit |  | ​ | 436 |  | 1.4 | % | ​ | ​ | 238 |  | 1.1 | % | ​ | ​ | 135 |  | 0.8 | %
Global intangible low-taxed income | ​ | ​ | 2,739 | ​ | 8.8 | % | ​ | ​ | 1,697 | ​ | 7.8 | % | ​ | ​ | 1,706 | ​ | 9.5 | %
R&D Credit |  | ​ | (661) |  | (2.1) | % | ​ | ​ | (554) |  | (2.5) | % | ​ | ​ | (523) |  | (2.9) | %
Foreign withholding tax |  | ​ | — |  | — | % | ​ | ​ | — |  | — | % | ​ | ​ | 205 |  | 1 | %
Foreign Source income not subject to Tax | ​ | ​ | (5,524) | ​ | (17.7) | % | ​ | ​ | (3,231) | ​ | (14.8) | % | ​ | ​ | (3,353) | ​ | (19) | %
Non-taxable debt extinguishment |  | ​ | — |  | — | % | ​ | ​ | (820) |  | (3.8) | % | ​ | ​ | — |  | — | %
Uncertain Tax Positions |  | ​ | 63 |  | 0.2 | % | ​ | ​ | 20 |  | 0.1 | % | ​ | ​ | 312 |  | 1.7 | %
IRS examination settlements |  | ​ | — |  | — | % | ​ | ​ | — |  | — | % | ​ | ​ | — |  | — | %
Other, net |  | ​ | 442 |  | 1.4 | % | ​ | ​ | 280 |  | 1.3 | % | ​ | ​ | 238 |  | 1.3 | %
Effective tax rate | ​ | $ | 4,101 |  | 13.1 | % | ​ | $ | 2,247 |  | 10.3 | % | ​ | $ | 2,514 |  | 14.0 | %
Schedule of deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Deferred Tax Assets (Liabilities)
​ |  | 2023 |  | 2022
Accounts receivable | ​ | $ | 22 | ​ | $ | 42
Inventories | ​ |  | 397 | ​ |  | 413
Accrued liabilities | ​ |  | 857 | ​ |  | 454
Stock based compensation expense | ​ |  | 250 | ​ |  | 179
Revenue reserves | ​ | ​ | 333 | ​ | ​ | 466
Unrealized loss (gain) on marketable securities | ​ | ​ | 124 | ​ | ​ | 90
Capitalized research and development cost | ​ | ​ | 2,923 | ​ | ​ | —
Other | ​ | ​ | 4 | ​ | ​ | —
Total Deferred Tax Assets | ​ | $ | 4,910 | ​ | $ | 1,644
Valuation allowance | ​ |  | — | ​ |  | —
Deferred income tax assets, net of valuation allowance | ​ | $ | 4,910 | ​ | $ | 1,644
​ | ​ | ​ | ​ | ​ | ​ | ​
Intangibles | ​ |  | (916) | ​ |  | (615)
Property, plant and equipment | ​ |  | (729) | ​ |  | (582)
Other deferred tax liabilities | ​ |  | (613) | ​ |  | (613)
Total Deferred Tax Liability | ​ | $ | (2,258) | ​ | $ | (1,810)
​ | ​ | ​ | ​ | ​ | ​ | ​
Net Deferred Tax Asset/(Liability) | ​ | $ | 2,652 | ​ | $ | (166)
Schedule of unrecognized tax benefits roll forward | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021
Balance of gross unrecognized tax benefits as of Beginning of Year | ​ | $ | 678 | ​ | $ | 678 | ​ | $ | 866
Increase (Decrease) to unrecognized tax benefits from deemed dividends for investments in US property | ​ | ​ | — | ​ |  | — | ​ |  | (3)
Increase (Decrease) to unrecognized tax benefits resulting from the release of R&D credits due to the settled IRS audit | ​ |  | — | ​ |  | — | ​ |  | (185)
Increase (Decrease) to unrecognized tax benefits resulting from a state filing tax position | ​ |  | 22 | ​ |  | — | ​ |  | —
Balance of gross unrecognized tax benefits as of End of Year | ​ | $ | 700 | ​ | $ | 678 | ​ | $ | 678

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration