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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2025
Income Taxes |
Schedule of income before income taxes attributable to domestic and foreign operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year ended June 30,
​ |  | 2025 |  | 2024 |  | 2023
​ |  | ​ |  |  | ​ |  |  | ​ |
Domestic | ​ | $ | 12,038 | ​ | $ | 6,936 | ​ | $ | 4,926
Foreign | ​ |  | 38,031 | ​ |  | 49,450 | ​ |  | 26,302
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 50,069 | ​ | $ | 56,386 | ​ | $ | 31,228
Schedule of provision for income taxes | The provision for income taxes is comprised of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year ended June 30,
​ |  | 2025 |  | 2024 |  | 2023
Current income taxes: |  | ​ |  |  | ​ |  |  | ​ |
Federal | ​ | $ | 6,817 | ​ | $ | 8,329 | ​ | $ | 5,899
State | ​ |  | 894 | ​ |  | 1,015 | ​ |  | 1,020
​ | ​ |  | 7,711 | ​ |  | 9,344 | ​ |  | 6,919
Deferred income taxes: | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​
Federal | ​ | ​ | (1,046) | ​ | ​ | (2,367) | ​ |  | (2,334)
State | ​ | ​ | (2) | ​ | ​ | (409) | ​ | ​ | (484)
​ | ​ | ​ | (1,048) | ​ |  | (2,776) | ​ |  | (2,818)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Provision for income taxes | ​ | $ | 6,663 | ​ | $ | 6,568 | ​ | $ | 4,101
Schedule of effective income tax rate reconciliation | A reconciliation of the U.S. Federal statutory income tax rate to our actual effective tax rate on earnings before income taxes is as follows for the years ended June 30, (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2025 | ​ | ​ | 2024 |  | ​ | 2023 |
​ | ​ | ​ | ​ | ​ | % of | ​ | ​ | ​ | ​ | ​ | % of | ​ | ​ | ​ | ​ | ​ | % of | ​
​ | ​ | ​ | ​ | ​ | Pre-tax | ​ | ​ | ​ | ​ | ​ | Pre-tax | ​ | ​ | ​ | ​ | ​ | Pre-tax | ​
​ |  | Amount |  | Income |  | ​ | Amount |  | Income |  | ​ | Amount |  | Income |
Tax at Federal statutory rate | ​ | $ | 10,515 | ​ | 21.0 | % | ​ | $ | 11,841 | ​ | 21.0 | % | ​ | $ | 6,558 | ​ | 21.0 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Increases (decreases) in taxes resulting from: |  | ​ |  |  |  |  | ​ | ​ |  |  |  | ​ | ​ | ​ |  |  |  | ​
Meals and entertainment |  | ​ | 68 |  | 0.1 | % | ​ | ​ | 66 |  | 0.1 | % | ​ | ​ | 48 |  | 0.2 | %
State income taxes, net of Federal income tax benefit |  | ​ | 704 |  | 1.4 | % | ​ | ​ | 935 |  | 1.7 | % | ​ | ​ | 436 |  | 1.4 | %
Global intangible low-taxed income | ​ | ​ | 3,981 | ​ | 8.0 | % | ​ | ​ | 5,259 | ​ | 9.3 | % | ​ | ​ | 2,739 | ​ | 8.8 | %
R&D Credit |  | ​ | (461) |  | (0.9) | % | ​ | ​ | (632) |  | (1.1) | % | ​ | ​ | (661) |  | (2.1) | %
Executive Compensation |  | ​ | 183 |  | 0.4 | % | ​ | ​ | 47 |  | 0.1 | % | ​ | ​ | — |  | — | %
Foreign Source income not subject to Tax | ​ | ​ | (7,986) | ​ | (16.0) | % | ​ | ​ | (10,518) | ​ | (18.7) | % | ​ | ​ | (5,524) | ​ | (17.7) | %
Uncertain Tax Positions |  | ​ | (825) |  | (1.6) | % | ​ | ​ | 78 |  | 0.1 | % | ​ | ​ | 63 |  | 0.2 | %
Other, net |  | ​ | 484 |  | 0.8 | % | ​ | ​ | (508) |  | (0.9) | % | ​ | ​ | 442 |  | 1.4 | %
Effective tax rate | ​ | $ | 6,663 |  | 13.3 | % | ​ | $ | 6,568 |  | 11.6 | % | ​ | $ | 4,101 |  | 13.1 | %
Schedule of deferred tax assets and liabilities | Deferred tax assets and deferred tax liabilities at June 30, 2025 and 2024 are as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Deferred Tax Assets (Liabilities)
​ |  | 2025 |  | 2024
Accounts receivable | ​ | $ | 6 | ​ | $ | 8
Inventories | ​ |  | 633 | ​ |  | 541
Accrued liabilities | ​ |  | 675 | ​ |  | 676
Stock based compensation expense | ​ |  | 474 | ​ |  | 452
Revenue reserves | ​ | ​ | 520 | ​ | ​ | 439
Unrealized loss on marketable securities | ​ | ​ | 69 | ​ | ​ | 136
Capitalized research and development cost | ​ | ​ | 6,181 | ​ | ​ | 5,447
Other | ​ | ​ | — | ​ | ​ | 2
Total Deferred Tax Assets | ​ | $ | 8,558 | ​ | $ | 7,701
Valuation allowance | ​ |  | — | ​ |  | —
Deferred income tax assets, net of valuation allowance | ​ | $ | 8,558 | ​ | $ | 7,701
​ | ​ | ​ | ​ | ​ | ​ | ​
Intangibles | ​ |  | (802) | ​ |  | (874)
Property, plant and equipment | ​ |  | (667) | ​ |  | (786)
Other deferred tax liabilities | ​ |  | (613) | ​ |  | (613)
Total Deferred Tax Liability | ​ | $ | (2,082) | ​ | $ | (2,273)
​ | ​ | ​ | ​ | ​ | ​ | ​
Net Deferred Tax Asset | ​ | $ | 6,476 | ​ | $ | 5,428
Schedule of recognized tax benefits roll forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2025 |  | 2024 |  | 2023
Balance of gross unrecognized tax benefits as of Beginning of Year | ​ | $ | 700 | ​ | $ | 700 | ​ | $ | 678
Increase to unrecognized tax benefits resulting from a state filing tax position | ​ |  | — | ​ |  | — | ​ |  | 22
Decrease to unrecognized tax benefits resulting from an expiration of a statute | ​ | ​ | (678) | ​ | ​ | — | ​ | ​ | —
Balance of gross unrecognized tax benefits as of End of Year | ​ | $ | 22 | ​ | $ | 700 | ​ | $ | 700

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