XML 93 R23.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Income Taxes (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2013
Provision for Income Taxes | The provision for income taxes for the years ended June 30 consisted of the following (in thousands):
|  | 2013 |  |  | 2012 |
Current: |  |  |  |  |  |  |  |
Federal |  | $ | (24 | ) |  | $ | 873 |
State |  |  | (4 | ) |  |  | 416 |
Foreign |  |  | 271 |  |  |  | 294 |
|  |  | 243 |  |  |  | 1,583 |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | 218 |  |  |  | 525 |
State |  |  | 62 |  |  |  | (24 | )
|  |  | 280 |  |  |  | 501 |
Provision (benefit) for income taxes |  | $ | 523 |  |  | $ | 2,084 |
Net Deferred Tax Assets and Deferred Tax Liabilities | Net deferred tax assets and deferred tax liabilities as of June 30 were as follows (in thousands):
|  | 2013 |  |  | 2012 |
Deferred tax assets: |  |  |  |  |  |  |  |
Allowance for doubtful accounts |  | $ | 49 |  |  | $ | 45 |
Accrued vacation expense |  |  | 108 |  |  |  | 147 |
Tax credit carry forward |  |  | 4 |  |  |  | 0 |
Allowance for inventories |  |  | 136 |  |  |  | 200 |
Stock-based compensation |  |  | 126 |  |  |  | 193 |
Pension liability |  |  | 279 |  |  |  | 216 |
Other, net |  |  | 150 |  |  |  | 567 |
Deferred rent |  |  | 89 |  |  |  | 196 |
Accumulated depreciation and amortization |  |  | 846 |  |  |  | 563 |
Net operating loss carry forward |  |  | 525 |  |  |  | 517 |
Total gross deferred tax assets |  | $ | 2,312 |  |  | $ | 2,644 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Prepaid expenses |  |  | (151 | ) |  |  | (162 | )
Other |  |  | (25 | ) |  |  | (312 | )
Deferred tax liabilities |  |  | (176 | ) |  |  | (474 | )
Net deferred tax assets |  | $ | 2,136 |  |  | $ | 2,170 |
Reconciliation of Income Tax Benefit Computed By Applying Statutory Federal Income Tax Rate | A reconciliation of income tax provision computed by applying the statutory federal income tax rate of 34% to net income before income taxes for the year ended June 30 is as follows (dollars in thousands):
|  | 2013 |  |  | 2012 |
Income taxes computed at statutory federal income tax rate |  | $ | 711 |  |  | $ | 2,123 |
State income taxes, net of federal income tax expense |  |  | 41 |  |  |  | 265 |
Expenses not deductible for tax purposes |  |  | 39 |  |  |  | 54 |
Foreign tax rate differential |  |  | (264 | ) |  |  | (343 | )
Return to provision – differences |  |  | (4 | ) |  |  | (15 | )
Income tax provision as reported |  | $ | 523 |  |  | $ | 2,084 |
Effective tax rate |  |  | 25.0 | % |  |  | 33.4 | %

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