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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2018

Income Tax Disclosure [Abstract]

Schedule of sources of pretax income

Sources of pretax income (loss)

		Fiscal Years Ended
		June 30, 2018				June 30, 2017				June 30, 2016
		(In thousands)
Domestic		$	(2,656	)		$	19,763			$	33,986
Foreign		(9,492		)		(17,317		)		5,667
Total		$	(12,148	)		$	2,446			$	39,653

Components of the provision for income taxes

Components of the provision for income tax expense (benefit)

		Fiscal Years Ended
		June 30, 2018				June 30, 2017				June 30, 2016
		(In thousands)
Current:
Federal		$	(121	)		$	6,522			$	9,930
State		135				(185		)		2,570
Foreign		504				(1,509		)		(262		)
		518				4,828				12,238
Deferred:
Federal		1,093				618				887
State		(590		)		101				67
Foreign		(1,689		)		(3,239		)		924
		(1,186		)		(2,520		)		1,878
		$	(668	)		$	2,308			$	14,116

Difference between expected income tax provision applying domestic federal statutory tax rate and reported income tax provision

Reconciliation between the expected income tax provision applying the domestic federal statutory tax rate and the reported income tax provision

		Fiscal Years Ended
		June 30, 2018				June 30, 2017				June 30, 2016
		(In thousands)
Expected provision (benefit) for federal income taxes at the statutory rate		$	(3,408	)		$	857			$	13,879
State income taxes, net of federal benefit		247				808				1,827
Impairment of non-deductible goodwill(1)		2,342				—				—
Charges without tax benefit		1,100				1,741				2,187
Change in valuation allowance		1,173				1,295				311
Excess tax expense (benefit) on stock-based compensation(2)		511				(496		)		—
Remeasurement of deferred taxes(3)		(455		)		—				—
IRC S199 deduction		—				(749		)		(999		)
Research and development and other tax credits		(1,665		)		(1,626		)		(1,928		)
Foreign tax differential		(10		)		1,496				(815		)
Noncontrolling interest		—				(112		)		1,164
Change in uncertain tax positions		(7		)		(22		)		(569		)
Adjustment to tax accounts		(435		)		(924		)		(786		)
Other		(61		)		40				(155		)
Provision (benefit) for federal, state and foreign income taxes		$	(668	)		$	2,308			$	14,116

(1) Relates to a $17.3 million impairment of goodwill, which included $8.3 million of non-deductible goodwill. See Note 4 - Goodwill and Other Intangible Assets for more information about the impairment.

(2) This represents the amount recognized for excess tax benefits upon the vesting or exercise of nonvested deferred share awards and stock options, respectively, for which the Company expects to receive an income tax deduction. The Company adopted ASU 2016-09 in fiscal 2017, which required that excess tax benefits and tax deficiencies be recognized as part of the provision for income taxes.

(3) This represents the remeasurement of deferred taxes in connection with Tax Cuts and Jobs Act - see Deferred Taxes Remeasurement paragraph above.

Significant components of Company's deferred tax assets and liabilities

Significant components of the Company’s deferred tax assets and liabilities

		June 30, 2018				June 30, 2017
		(In thousands)
Deferred tax assets:
Warranty reserve		$	206			$	312
Bad debt reserve		1,629				3,869
Paid-time-off accrual		575				821
Insurance reserve		1,608				2,284
Legal reserve		27				82
Net operating loss benefit and credit carryforwards		10,169				9,332
Valuation allowance		(1,638		)		(1,719		)
Accrued compensation and pension		758				1,346
Stock compensation expense on nonvested deferred shares		2,733				3,731
Accrued losses		171				340
Foreign currency translation and other		1,066				1,080
Total deferred tax assets		17,304				21,478
Deferred tax liabilities:
Tax over book depreciation		8,137				11,446
Tax over book amortization		702				3,325
Branch future liability		3,018				2,538
Receivable holdbacks and other		1,028				912
Total deferred tax liabilities		12,885				18,221
Net deferred tax asset		$	4,419			$	3,257

Significant components of Company's deferred tax assets and liabilities as reported in consolidated balance sheets

As reported in the Consolidated Balance Sheets

		June 30, 2018				June 30, 2017
		(In thousands)
Deferred income tax assets		4,848				3,385
Deferred income tax liabilities		(429		)		(128		)
Net deferred tax asset		$	4,419			$	3,257

Summary of Operating Loss Carryforwards

Operating Loss Carryforwards	Expiration Period	Amount (in thousands)
State net operating losses	June 2023 to June 2038	$	22,230
Foreign net operating losses	December 2029; June 2032 to June 2037	$	20,733

Summary of Tax Credit Carryforwards

Tax Credit Carryforwards	Expiration Period	Amount (in thousands)
State tax credits	June 2018 to June 2033	$	679
Federal foreign tax credits	June 2019 to June 2025	$	1,244
Foreign tax credits	June 2035 to June 2037	$	668

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