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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2025
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Expense (Benefit) | Income tax expense (benefit) consists of:
| Fiscal Year Ended June 30,
| 2025 |  | 2024 |  | 2023
| (in thousands)
Current: |  |  |  |  |
Federal | $ | 12,736 |  |  | $ | 15,626 |  |  | $ | 25,034 |
State | 3,805 |  |  | 3,608 |  |  | 6,455 |
Foreign | 3,498 |  |  | 5,578 |  |  | 4,507 |
Total current | 20,039 |  |  | 24,812 |  |  | 35,996 |
Deferred: |  |  |  |  |
Federal | 2,320 |  |  | (827) |  |  | (2,991) |
State | (217) |  |  | (911) |  |  | (541) |
Foreign | 706 |  |  | (293) |  |  | 1,294 |
Total deferred | 2,809 |  |  | (2,031) |  |  | (2,238) |
Provision for income taxes | $ | 22,848 |  |  | $ | 22,781 |  |  | $ | 33,758 |
Schedule of Reconciliation of U.S. Federal Income Tax Expense | A reconciliation is provided below of the U.S. Federal income tax expense for the fiscal years ended June 30, 2025, June 30, 2024 and June 30, 2023 with the applicable statutory rate of 21%.
| Fiscal Year Ended June 30,
| 2025 |  | 2024 |  | 2023
| (in thousands)
U.S. statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
U.S. Federal income tax at statutory rate | $ | 19,823 |  |  | $ | 20,967 |  |  | $ | 25,588 |
Increase (decrease) in income taxes due to: |  |  |  |  |
State and local income taxes, net of Federal benefit | 2,788 |  |  | 1,939 |  |  | 4,559 |
Tax credits | (573) |  |  | (1,794) |  |  | (909) |
Valuation allowance | (445) |  |  | 1,131 |  |  | 1,087 |
Effect of varying statutory rates in foreign operations, net | 1,382 |  |  | 2,109 |  |  | 2,751 |
Stock compensation | (1,258) |  |  | (76) |  |  | 37 |
Reduction in prior year transition tax | (2,065) |  |  | — |  |  | — |
Earnings from foreign subsidiaries | 778 |  |  | 776 |  |  | 957 |
Losses on dispositions | — |  |  | (2,816) |  |  | — |
Global intangible low taxed income tax | 475 |  |  | (832) |  |  | 1,551 |
Nontaxable income | (136) |  |  | (927) |  |  | (3,189) |
Nondeductible compensation | 2,144 |  |  | 1,412 |  |  | 1,240 |
Notional interest deduction on net equity | (928) |  |  | — |  |  | (733) |
Other | 863 |  |  | 892 |  |  | 819 |
Provision for income taxes | $ | 22,848 |  |  | $ | 22,781 |  |  | $ | 33,758 |
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities are presented below:
| June 30,
| 2025 |  | 2024
| (in thousands)
Deferred tax assets derived from: |  |  |
Allowance for accounts receivable | $ | 8,055 |  |  | $ | 7,787 |
Inventories | 2,690 |  |  | 2,927 |
Nondeductible accrued expenses | 7,376 |  |  | 7,538 |
Net operating loss carryforwards | 268 |  |  | 243 |
Tax credits | 9,574 |  |  | 8,771 |
Deferred compensation | 6,984 |  |  | 7,706 |
Stock compensation | 4,186 |  |  | 4,490 |
Capital loss carryforwards | 11,579 |  |  | 12,306 |
Timing of amortization deduction from intangible assets | 7,675 |  |  | 6,680 |
Timing of depreciation and other deductions from building and equipment | 437 |  |  | — |
Total deferred tax assets | 58,824 |  |  | 58,448 |
Valuation allowance | (19,633) |  |  | (19,594) |
Total deferred tax assets, net of allowance | 39,191 |  |  | 38,854 |
Deferred tax liabilities derived from: |  |  |
Timing of depreciation and other deductions from building and equipment | — |  |  | (724) |
Timing of amortization deduction from goodwill | (17,659) |  |  | (13,716) |
Timing of amortization deduction from intangible assets | (2,763) |  |  | (4,512) |
Total deferred tax liabilities | (20,422) |  |  | (18,952) |
Net deferred tax assets | $ | 18,769 |  |  | $ | 19,902 |
Schedule of Components of Pretax Earnings | The components of pretax earnings are as follows:
| Fiscal Year Ended June 30,
| 2025 |  | 2024 |  | 2023
| (in thousands)
Domestic | $ | 78,460 |  |  | $ | 78,653 |  |  | $ | 94,994 |
Foreign | 15,936 |  |  | 21,188 |  |  | 26,856 |
Worldwide pretax earnings | $ | 94,396 |  |  | $ | 99,841 |  |  | $ | 121,850 |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
| June 30,
| 2025 |  | 2024 |  | 2023
| (in thousands)
Beginning Balance | $ | 1,141 |  |  | $ | 1,172 |  |  | $ | 1,065 |
Additions based on tax positions related to the current year | 86 |  |  | 89 |  |  | 123 |
Reduction for tax positions of prior years | (529) |  |  | (120) |  |  | (16) |
Ending Balance | $ | 698 |  |  | $ | 1,141 |  |  | $ | 1,172 |

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