Income Taxes (Tables)

12 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Components of Income Before Income Taxes and Income Tax Expense (Benefit)

The components of income (loss) from continuing operations before income taxes and income tax expense (benefit) were as follows:

	Year Ended June 30,
	2015			2014			2013
Income (loss) from continuing operations before income taxes:
United States	$	18,443		$	(6,068	)	$	(24,760	)
Foreign	352			155			477
	$	18,795		$	(5,913	)	$	(24,283	)
Tax provision (benefit):
Federal:
Current	$	4,267		$	3,184		$	(699	)
Deferred	(458		)	(5,281		)	(9,613		)
	$	3,809		$	(2,097	)	$	(10,312	)
State:
Current	$	1,372		$	594		$	157
Deferred	(921		)	(375		)	(710		)
	$	451		$	219		$	(553	)
Foreign:
Current	$	58		$	(12	)	$	364
Deferred	48			49			—
	$	106		$	37		$	364
	$	4,366		$	(1,841	)	$	(10,501	)

Reconciliation Between Statutory Federal Income Tax Rate and Effective Income Tax Rate from Continuing Operations

The following is the reconciliation between the statutory federal income tax rate and the Company’s effective income tax (benefit) rate for continuing operations:

	Year Ended June 30,
	2015		2014		2013
Tax provision (benefit) at federal statutory rates	35.0	%	(35.0	)%	(35.0	)%
State income tax, net of federal tax benefit	4.9		(3.1	)	(1.8	)
Research and development credits	(4.8	)	(14.7	)	(12.6	)
Domestic manufacturing deduction	(3.2	)	(5.3	)	—
Deemed repatriation of foreign earnings	(0.4	)	0.7		—
Foreign tax credits	—		(13.3	)	—
Equity compensation	(0.1	)	2.2		1.8
Officers' compensation	2.8		11.1		—
Stock compensation shortfalls	—		24.1		—
Deferred tax asset and liability adjustments	(4.2	)	—		—
Change in state tax rates	(3.1	)	—		—
Reserves for tax contingencies	(5.0	)	—		—
Acquisition costs	—		—		0.5
Valuation allowance	—		—		2.5
Other	1.3		2.2		1.4
	23.2	%	(31.1	)%	(43.2	)%

Components of Net Deferred Tax Assets (Liabilities)

The components of the Company’s net deferred tax assets (liabilities) for continuing operations were as follows:

	June 30,
	2015			2014
Deferred tax assets:
Inventory valuation and receivable allowances	$	9,264		$	8,830
Accrued compensation	2,563			972
Equity compensation	4,229			4,831
Federal and state research and development tax credit carryforwards	16,262			11,167
Gain on sale-leaseback	834			1,232
Other accruals	1,889			1,043
Capital loss carryforwards	3,562			—
Other temporary differences	1,800			4,012
	40,403			32,087
Valuation allowance	(18,864		)	(10,844		)
Total deferred tax assets	21,539			21,243
Deferred tax liabilities:
Prepaid expenses	(1,103		)	—
Property and equipment	(1,578		)	(1,694		)
Intangible assets	(7,110		)	(9,242		)
Tax method of accounting change	(854		)	—
Other temporary differences	(320		)	(624		)
Total deferred tax liabilities	(10,965		)	(11,560		)
Net deferred tax assets	$	10,574		$	9,683
As reported:
Current deferred tax assets	$	12,407		$	15,216
Non-current deferred tax assets (included in other non-current assets)	1,275			378
Non-current deferred tax liabilities	(3,108		)	(5,911		)
	$	10,574		$	9,683

Summary of Reserves for Unrecognized Income Tax Benefits

The changes in the Company’s reserves for unrecognized income tax benefits are summarized as follows:

	Year Ended June 30,
	2015			2014
Unrecognized tax benefits, beginning of period	$	3,142		$	2,923
Increases for previously recognized positions	123			102
Reductions as a result of a lapse of the applicable statue of limitations	(1,197		)	(166		)
Increases for currently recognized positions	122			283
Unrecognized tax benefits, end of period	$	2,190		$	3,142