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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 expenditures		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	$		379						$		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			73,278					78,230
Valuation allowance for deferred tax assets			(73,216	)				(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	$		1,193						$		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

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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.

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