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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of sources of pretax income (loss)

Sources of Pretax Income (Loss)						Fiscal Years Ended
						June 30, 2024						June 30, 2023						June 30, 2022
						(In thousands)
Domestic						$	(27,119)					$	(52,636)					$	(53,258)
Foreign						2,107						(125)						(5,025)
Total						$	(25,012)					$	(52,761)					$	(58,283)

Components of the provision for income tax expense (benefit)

Components of the Provision for Income Tax Expense (Benefit)						Fiscal Years Ended
						June 30, 2024						June 30, 2023						June 30, 2022
						(In thousands)
Current:
Federal						$	(80)					$	(369)					$	230
State						44						(31)						28
Foreign						—						—						1
Current Total						(36)						(400)						259
Deferred:
Federal						—						—						2,504
State						—						—						2,858
Foreign						—						—						(4)
Deferred Total						—						—						5,358
Total						$	(36)					$	(400)					$	5,617

Reconciliation between the expected income tax provision applying the domestic federal statutory tax rate and the 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, 2024						June 30, 2023						June 30, 2022
						(In thousands)
Expected benefit for federal income taxes at the statutory rate						$	(5,253)					$	(11,080)					$	(12,239)
State income taxes, net of federal benefit						(2,065)						(2,320)						(1,971)
Impairment of non-deductible goodwill(1)						—						—						1,132
Charges without tax benefit, net of non-taxable income						384						358						265
Change in valuation allowance(2)						8,542						12,595						17,943
Excess tax expense (benefit) on stock-based compensation						(61)						1,216						1,019
Research and development and other tax credits						(1,299)						(1,175)						(613)
Foreign tax differential						388						50						(232)
Federal rate differential net operating loss carryback						—						—						141
Change in uncertain tax positions						(81)						(90)						(120)
Other						(591)						46						292
Provision (benefit) for federal, state and foreign income taxes						$	(36)					$	(400)					$	5,617

(1)In fiscal 2022, we impaired $18.3 million of goodwill, which included $5.4 million of non-deductible goodwill. See Note 4 - Goodwill and Other Intangible Assets for more information about the impairments.

(2)Due to the existence of a cumulative loss over a three-year period, we recorded a full valuation allowance against our deferred tax assets in fiscal 2022 and recorded additional valuation allowances against newly generated deferred tax assets in fiscal 2023 and 2024. These assets are primarily comprised of federal net operating losses, which have an indefinite carryforward, federal tax credits and state net operating losses. To the extent we generate taxable income in the future, or cumulative losses are no longer present and our future projections for growth or tax planning strategies are demonstrated, we will realize the benefit associated with the net operating losses for which the valuation allowance has been provided.

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

Significant Components of our Deferred Tax Assets and Liabilities

						June 30, 2024						June 30, 2023
						(In thousands)
Deferred tax assets:
Accruals and reserves						$	283					$	504
Bad debt reserve						52						273
Insurance reserve						941						913
Net operating loss benefit and credit carryforwards						29,626						26,888
Accrued compensation and pension						1,273						964
Stock compensation expense on nonvested restricted stock units						3,438						1,794
Book over tax amortization						5,607						7,218
Research and development capitalization						12,425						6,592
Foreign currency translation and other						1,324						1,608
Valuation allowance						(49,434)						(41,060)
Total deferred tax assets						5,535						5,694
Deferred tax liabilities:
Tax over book depreciation						5,081						5,472
Other						479						248
Total deferred tax liabilities						5,560						5,720
Net deferred tax liability						$	(25)					$	(26)

Significant components of the Company's deferred tax assets and liabilities as reported in the Consolidated Balance Sheets

As reported in the Consolidated Balance Sheets:

						June 30, 2024						June 30, 2023
						(In thousands)
Deferred income tax assets						$	—					$	—
Deferred income tax liabilities						(25)						(26)
Net deferred tax liability						$	(25)					$	(26)

Summary of Operating Loss Carryforwards

Operating Loss and Tax Credit Carryforwards			Expiration Period			Amount (in thousands)
Federal net operating loss			Indefinite			$	40,554
Federal tax credits			June 2041 to June 2044			$	4,849
Federal foreign tax credits			June 2025			$	270
State net operating losses			June 2025 to indefinite			$	106,191
State tax credits			June 2033 to indefinite			$	984
Foreign net operating losses			June 2033 to June 2044			$	31,883
Foreign tax credits			June 2035 to June 2044			$	682

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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.

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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