XML 38 R26.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Income Taxes (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2013
Income / (Loss) Before Income Taxes | Income / (loss) before income tax provision consisted of the following (in thousands):
| Year Ended June 30, |
--- | --- | ---
| 2013 |  |  | 2012 |  |  | 2011 |
United States | $ |  | (561 | ) |  | $ |  | (3,441 | ) |  | $ |  | 2,918 |
Foreign |  | 1,624 |  |  |  | 9 |  |  |  | 5,650 |
Income / (loss) before income tax provision | $ |  | 1,063 |  |  | $ |  | (3,432 | ) |  | $ |  | 8,568 |
Reconciliation of Federal Statutory Tax Rate to Effective Tax Rate | The following table reconciles the federal statutory tax rate to the effective tax rate of the income tax provision:
| Year Ended June 30, |
--- | --- | ---
| 2013 |  |  | 2012 |  |  | 2011 |
|  |  |  |  |  | (a) |  |  |  | (a) |
Federal statutory income tax rate |  | 34.0 |  | % |  |  | 34.0 |  | % |  |  | 34.0 |  | %
Current state taxes |  | 56.9 |  |  |  | 3.4 |  |  |  | 2.7 |
Foreign rate differential |  | 24.1 |  |  |  | (9.4 | ) |  |  | (20.4 | )
Permanent items |  | 0.0 |  |  |  | (0.5 | ) |  |  | 0.3 |
Expired net operating losses |  | 313.6 |  |  |  | (47.9 | ) |  |  | 3.9 |
Research and development credits |  | (26.3 | ) |  |  | 2.3 |  |  |  | (1.7 | )
Foreign withholding tax |  | 4.5 |  |  |  | 0.0 |  |  |  | 0.0 |
Nondeductible secondary offering e xpenditures |  | 10.2 |  |  |  | 0.0 |  |  |  | 0.0 |
Other items |  | 7.2 |  |  |  | (2.9 | ) |  |  | (5.0 | )
Net change in valuation allowance |  | (388.5 | ) |  |  | 9.6 |  |  |  | (11.4 | )
Effective tax rate |  | 35.7 |  | % |  |  | (11.4 | )% |  |  | 2.4 |  | %
Components of Income Tax Provision | The components of the income tax provision are as follows (in thousands):
| Year Ended June 30, |
| 2013 |  |  | 2012 |  |  | 2011 |
|  |  |  |  |  | (a) |  |  |  | (a) |
Federal | $ |  | 48 |  |  | $ |  | 23 |  |  | $ |  | (7 | )
Foreign |  | 325 |  |  |  | 341 |  |  |  | 178 |
State |  | 6 |  |  |  | 26 |  |  |  | 25 |
Income tax provision | $ |  | 3 7 9 |  |  | $ |  | 390 |  |  | $ |  | 196 |
Components of Deferred Tax Assets and Liabilities | Significant components of our deferred tax assets and liabilities for federal and state income taxes are as follows (in thousands):
| June 30, |
--- | --- | ---
| 2013 |  |  | 2012 |
Deferred tax assets: |  |  |  |  |  | (a) |
Net operating loss carryforwards | $ |  | 68,141 |  |  | $ |  | 73,087 |
Research credits |  | 4,171 |  |  |  | 3,688 |
Capitalized research and development |  | 4 |  |  |  | 4 |
Stock compensation |  | 473 |  |  |  | 599 |
Accruals and Reserves |  | 139 |  |  |  | 348 |
Other |  | 350 |  |  |  | 504 |
Total deferred tax assets |  | 7 3,278 |  |  |  | 78,230 |
Valuation allowance for deferred tax assets |  | (7 3,216 | ) |  |  | (78,168 | )
Net deferred tax assets, included in other assets | $ |  | 62 |  |  | $ |  | 62 |
Aggregate Changes in the Balance of Gross Unrecognized Tax Benefits | The aggregate changes in the balance of our gross unrecognized tax benefits during fiscal years 2013, 2012 and 2011 were as follows (in thousands):
| Year Ended June 30, |
--- | --- | ---
| 2013 |  |  | 2012 |  |  | 2011 |
Beginning balance | $ |  | 1,1 9 3 |  |  | $ |  | 1,163 |  |  | $ |  | 1,127 |
Increases in balances related to tax positions taken during current periods |  | 585 |  |  |  | 30 |  |  |  | 36 |
Decrease in balances related to tax positions taken during current periods |  | — |  |  |  | — |  |  |  | — |
Ending balance | $ |  | 1,778 |  |  | $ |  | 1,193 |  |  | $ |  | 1,163 |

X
- 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=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References No definition available. + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=21917533&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration