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Income Taxes | 12 Months Ended
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Jun. 30, 2017
Income Tax Disclosure [Abstract] |
Income Taxes |
11. Income Taxes | The following are the components of income taxes (in thousands):
Fiscal years ended June 30, |  | 2017 |  | 2016
Current |  |  |  |  |  |  |  |
Federal |  | $ | 1,712 |  |  | $ | 895 |
State |  |  | 314 |  |  |  | 153 |
|  |  | 2,026 |  |  |  | 1,048 |
Fiscal years ended June 30, |  | 2017 |  | 2016
Deferred |  |  |  |  |  |  |  |
Federal |  |  | (2 | ) |  |  | 4 |
State |  |  | (1 | ) |  |  | 1 |
|  |  | (3 | ) |  |  | 5 |
|  | $ | 2,023 |  |  | $ | 1,053 |
| The reconciliation of income tax expense computed at the federal statutory tax rate of 34% to the provision for income taxes is as follows (in thousands):
Fiscal years ended June 30, |  | 2017 |  | 2016
Tax at the statutory rate |  | $ | 1,765 |  |  | $ | 950 |
State income taxes, net of federal benefit |  |  | 196 |  |  |  | 101 |
Other |  |  | 62 |  |  |  | 2 |
|  | $ | 2,023 |  |  | $ | 1,053 |
Effective tax rate |  |  | 38.9% |  |  |  | 37.7% |
| Deferred income taxes reflect the net tax effect of temporary differences between the bases of assets and liabilities for financial reporting purposes and the bases used for income tax purposes. Significant components of the Company’s current and noncurrent deferred tax assets and liabilities are as follows (in thousands):
Fiscal years ended June 30, |  | 2017 |  | 2016
Deferred tax assets: |  |  |  |  |  |  |  |
Allowance for doubtful accounts |  | $ | 39 |  |  | $ | 60 |
Inventory capitalization |  |  | 94 |  |  |  | 30 |
Stock compensation |  |  | 159 |  |  |  | — |
Other |  |  | 86 |  |  |  | 31 |
|  |  | 378 |  |  |  | 121 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Goodwill Amortization |  |  | (101 | ) |  |  | — |
Depreciation |  |  | (153 | ) |  |  | — |
|  |  | (254 | ) |  |  | — |
Net deferred income tax assets |  | $ | 124 |  |  | $ | 121 |
| As of June 30, 2017, the Company was subject to potential federal and state tax examinations for the tax years including and subsequent to 2013.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
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