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Income Taxes
 12 Months Ended
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.