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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2017
Income Tax Disclosure [Abstract] |
Schedule of sources of pretax income | The sources of pretax income (loss) are as follows:
|  | Twelve Months Ended
|  | June 30, 2017 |  | June 30, 2016 |  | June 30, 2015
|  | (In thousands)
Domestic |  | $ | 19,763 |  |  | $ | 33,986 |  |  | $ | (4,001 | )
Foreign |  | (17,317 | ) |  | 5,667 |  |  | 12,193 |
Total |  | $ | 2,446 |  |  | $ | 39,653 |  |  | $ | 8,192 |
Components of the provision for income taxes | The components of the provision for income tax expense (benefit) are as follows:
|  | Twelve Months Ended
|  | June 30, 2017 |  | June 30, 2016 |  | June 30, 2015
|  | (In thousands)
Current: |  |  |  |  |  |
Federal |  | $ | 6,522 |  |  | $ | 9,930 |  |  | $ | 7,535 |
State |  | (185 | ) |  | 2,570 |  |  | 1,606 |
Foreign |  | (1,509 | ) |  | (262 | ) |  | 1,791 |
|  | 4,828 |  |  | 12,238 |  |  | 10,932 |
Deferred: |  |  |  |  |  |
Federal |  | 618 |  |  | 887 |  |  | 1,803 |
State |  | 101 |  |  | 67 |  |  | (362 | )
Foreign |  | (3,239 | ) |  | 924 |  |  | (2,283 | )
|  | (2,520 | ) |  | 1,878 |  |  | (842 | )
|  | $ | 2,308 |  |  | $ | 14,116 |  |  | $ | 10,090 |
Difference between expected income tax provision applying domestic federal statutory tax rate and reported income tax provision | The difference between the expected income tax provision applying the domestic federal statutory tax rate and the reported income tax provision is as follows:
|  | Twelve Months Ended
|  | June 30, 2017 |  | June 30, 2016 |  | June 30, 2015
|  | (In thousands)
Expected provision for Federal income taxes at the statutory rate |  | $ | 857 |  |  | $ | 13,879 |  |  | $ | 2,868 |
State income taxes, net of Federal benefit |  | 808 |  |  | 1,827 |  |  | 1,023 |
Deemed foreign dividends |  | — |  |  | — |  |  | 1,462 |
Charges without tax benefit |  | 1,741 |  |  | 2,187 |  |  | 1,478 |
Change in valuation allowance |  | 1,295 |  |  | 311 |  |  | 25 |
Excess tax benefits on stock-based compensation(1) |  | (496 | ) |  | — |  |  | — |
IRC S199 deduction |  | (749 | ) |  | (999 | ) |  | — |
Foreign tax credits |  | — |  |  | — |  |  | (1,433 | )
Research and development and other tax credits |  | (1,626 | ) |  | (1,928 | ) |  | (1,197 | )
Foreign tax differential |  | 1,496 |  |  | (815 | ) |  | (529 | )
Noncontrolling interest |  | (112 | ) |  | 1,164 |  |  | 6,669 |
Change in uncertain tax positions |  | (22 | ) |  | (569 | ) |  | — |
Adjustment to tax accounts |  | (924 | ) |  | (786 | ) |  | — |
Other |  | 40 |  |  | (155 | ) |  | (276 | )
Provision for income taxes |  | $ | 2,308 |  |  | $ | 14,116 |  |  | $ | 10,090 |
Significant components of Company's deferred tax assets and liabilities | Significant components of the Company’s deferred tax assets and liabilities are as follows:
|  | June 30, 2017 |  | June 30, 2016
|  | (In thousands)
Deferred tax assets: |  |  |  |
Warranty reserve |  | $ | 312 |  |  | $ | 195 |
Bad debt reserve |  | 3,869 |  |  | 3,188 |
Paid-time-off accrual |  | 821 |  |  | 865 |
Insurance reserve |  | 2,284 |  |  | 2,461 |
Legal reserve |  | 82 |  |  | 87 |
Net operating loss benefit and credit carryforwards |  | 9,332 |  |  | 8,207 |
Valuation allowance |  | (1,719 | ) |  | (424 | )
Accrued compensation and pension |  | 1,346 |  |  | 1,268 |
Stock compensation expense on nonvested deferred shares |  | 3,731 |  |  | 3,472 |
Accrued losses |  | 340 |  |  | 274 |
Foreign currency translation and other |  | 1,080 |  |  | 1,041 |
Total deferred tax assets |  | 21,478 |  |  | 20,634 |
Deferred tax liabilities: |  |  |  |
Tax over book depreciation |  | 11,446 |  |  | 11,504 |
Tax over book amortization |  | 3,325 |  |  | 2,588 |
Branch future liability |  | 2,538 |  |  | 2,889 |
Prepaid insurance |  | — |  |  | 396 |
Receivable holdbacks and other |  | 912 |  |  | 2,736 |
Total deferred tax liabilities |  | 18,221 |  |  | 20,113 |
Net deferred tax asset |  | $ | 3,257 |  |  | $ | 521 |
Significant components of Company's deferred tax assets and liabilities as reported in consolidated balance sheets |
|  | June 30, 2017 |  | June 30, 2016
|  | (In thousands)
Deferred income tax assets |  | 3,385 |  |  | 3,719 |
Deferred income tax liabilities |  | (128 | ) |  | (3,198 | )
Net deferred tax asset |  | $ | 3,257 |  |  | $ | 521 |
Summary of Tax Credit Carryforwards | These carryforwards will generally expire as shown below:
Tax Credit Carryforwards | Expiration Period | Amount (in thousands)
State tax credits | June 2017 to June 2032 | $ | 498 |
Federal foreign tax credits | June 2018 to June 2024 | $ | 2,348 |
Foreign tax credits | June 2034 to June 2036 | $ | 612 |
Summary of Operating Loss Carryforwards |
Operating Loss Carryforwards | Expiration Period | Amount (in thousands)
State net operating losses | June 2022 to June 2037 | $ | 19,015 |
Foreign net operating losses | December 2028; June 2031 to June 2036 | $ | 15,454 |

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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=65882285&loc=d3e32639-109319 + Details
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