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Income Taxes	9 Months Ended
Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Note 6. Income Taxes Income tax expense was estimated at $29,000 and $555,000 and the effective tax rate was 11.5% and 22.0% for the three and nine months ended March 31, 2021, respectively. Estimated income tax expense for the three months ended March 31, 2021 included a $37,000 discrete tax benefit as a result of lower federal and state taxes than what was originally estimated in the Company’s fiscal 2020 tax provision. The net impact of this discrete event decreased the estimated effective tax rates by 14.6% during the three months ended March 31, 2021. Estimated income tax expense for the nine months ended March 31, 2021 included a $37,000 discrete tax benefit as a result of lower federal and state taxes than what was originally estimated in the Company’s fiscal 2020 tax provision and a $32,000 discrete tax benefit related to the exercise of stock options. The net impact of these discrete events decreased the estimated effective tax rates by 2.7% during the nine months ended March 31, 2021. Income tax expense was estimated at $294,000 and $1,087,000, and the effective tax rate was 31.0% and 27.6%, for the three and nine months ended March 31, 2020, respectively. Estimated income tax expense for the nine months ended March 31, 2020 included a $30,000 discrete tax expense as a result of higher federal and state taxes than what was originally estimated in the Company’s tax provision for its fiscal year ended June 30, 2019, and a $13,000 discrete tax benefit related to the exercise of stock options. The net impact of these discrete events increased the estimated effective tax rates by 0.4% during the nine months ended March 31, 2020.

Income Taxes

9 Months Ended

Mar. 31, 2021

Note 6. Income Taxes

Income tax expense was estimated at $29,000 and $555,000 and the effective tax rate was 11.5% and 22.0% for the three and nine months ended March 31, 2021, respectively. Estimated income tax expense for the three months ended March 31, 2021 included a $37,000 discrete tax benefit as a result of lower federal and state taxes than what was originally estimated in the Company’s fiscal 2020 tax provision. The net impact of this discrete event decreased the estimated effective tax rates by 14.6% during the three months ended March 31, 2021. Estimated income tax expense for the nine months ended March 31, 2021 included a $37,000 discrete tax benefit as a result of lower federal and state taxes than what was originally estimated in the Company’s fiscal 2020 tax provision and a $32,000 discrete tax benefit related to the exercise of stock options. The net impact of these discrete events decreased the estimated effective tax rates by 2.7% during the nine months ended March 31, 2021.

Income tax expense was estimated at $294,000 and $1,087,000, and the effective tax rate was 31.0% and 27.6%, for the three and nine months ended March 31, 2020, respectively. Estimated income tax expense for the nine months ended March 31, 2020 included a $30,000 discrete tax expense as a result of higher federal and state taxes than what was originally estimated in the Company’s tax provision for its fiscal year ended June 30, 2019, and a $13,000 discrete tax benefit related to the exercise of stock options. The net impact of these discrete events increased the estimated effective tax rates by 0.4% during the nine months ended March 31, 2020.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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