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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of provision for (benefit from) income taxes are as follows:

		Fiscal Year Ended   June 30, 2014
Current tax expense:
Federal		$	44
State		376
Foreign		14
Total Current		434
Deferred tax benefit:
Federal		(2,066		)
State		(588		)
Foreign		—
Total Deferred		(2,654		)
Income tax benefit		$	(2,220	)

Schedule of Effective Income Tax Rate Reconciliation

The income tax benefit differs from the amount computed by applying the federal statutory income tax rate to income from continuing operations before income taxes. The sources and tax effects of the differences are as follows:

		Fiscal Year Ended   June 30, 2014
Federal tax provision at statutory rate		35.0	%
State income taxes, net of federal benefit		5.5
Permanent differences attributable to partnership investment		(9.9	)
Non-controlling interest		36.5
Other, net		(1.9	)
Total income tax expense on continuing operations		65.2	%

Schedule of Deferred Tax Assets and Liabilities

The components of the Company's net deferred income tax assets and liabilities at June 30, 2014 are as follows:

		As of June 30, 2014
Deferred tax assets:
Litigation accrual		$	500
Partnership basis differences		21,452
Total deferred tax assets		21,952
Deferred tax liabilities:
Income tax deferral due to fiscal year end		995
Total deferred tax liabilities		995
Less valuation allowance		—
Total net deferred tax assets		$	20,957

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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/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

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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://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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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://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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