Income Tax	9 Months Ended
Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Tax	Note 14. Income Tax On a quarterly basis, the Company provides for income taxes based upon an estimated annual effective income tax rate. The Company recognized an income tax expense of $0.2 million and $0.6 million for the three months ended March 31, 2019 and March 31, 2018, respectively. The decrease in income tax expense was due to recognition of an income tax benefit of approximately $0.4 million in the third quarter of this fiscal year as a result of the final assessment from the Swiss authorities for the fiscal year 2017. The Company recognized an income tax expense of $1.2 million and $1.3 million for the nine months ended March 31, 2019 and 2018, respectively. The decrease in income tax expense was driven by lower annual effective income tax rate on foreign profits for the nine months ended March 31, 2019 as compared to the same period in the prior fiscal year. The Tax Act has a requirement that certain income earned by controlled foreign corporations (“CFCs”) must be included currently in the gross income of the CFC’s U.S. shareholder. The income required to be included in gross income is referred to as global intangible low tax income (“GILTI”) and is as defined under Internal Revenue Code (“IRC”) Section 951A as is the excess of the shareholder’s net CFC tested income over the net deemed tangible income return. The GILTI inclusion amount is expected to be fully absorbed by net operating losses and is not expected to cause the Company to be in a U.S. taxable income position for fiscal year 2019. The Company has made a policy decision to record GILTI tax as a current-period expense when incurred. In addition to the GILTI provision, the Tax Act also enacted the Base Erosion and Anti-Abuse Tax (“BEAT”). The BEAT minimum tax under IRC Section 59A is applicable to the extent that the BEAT tax amount is greater than the regular corporate tax for a given year. This tax is applicable to companies with prior 3-year average annual gross receipts exceeding $500 million. The Company does not currently meet this threshold since its current average annual gross receipts are less than $500 million.

Income Tax

9 Months Ended

Mar. 31, 2019

Note 14. Income Tax

On a quarterly basis, the Company provides for income taxes based upon an estimated annual effective income tax rate. The Company recognized an income tax expense of $0.2 million and $0.6 million for the three months ended March 31, 2019 and March 31, 2018, respectively. The decrease in income tax expense was due to recognition of an income tax benefit of approximately $0.4 million in the third quarter of this fiscal year as a result of the final assessment from the Swiss authorities for the fiscal year 2017.

The Company recognized an income tax expense of $1.2 million and $1.3 million for the nine months ended March 31, 2019 and 2018, respectively. The decrease in income tax expense was driven by lower annual effective income tax rate on foreign profits for the nine months ended March 31, 2019 as compared to the same period in the prior fiscal year.

The Tax Act has a requirement that certain income earned by controlled foreign corporations (“CFCs”) must be included currently in the gross income of the CFC’s U.S. shareholder. The income required to be included in gross income is referred to as global intangible low tax income (“GILTI”) and is as defined under Internal Revenue Code (“IRC”) Section 951A as is the excess of the shareholder’s net CFC tested income over the net deemed tangible income return. The GILTI inclusion amount is expected to be fully absorbed by net operating losses and is not expected to cause the Company to be in a U.S. taxable income position for fiscal year 2019. The Company has made a policy decision to record GILTI tax as a current-period expense when incurred.

In addition to the GILTI provision, the Tax Act also enacted the Base Erosion and Anti-Abuse Tax (“BEAT”). The BEAT minimum tax under IRC Section 59A is applicable to the extent that the BEAT tax amount is greater than the regular corporate tax for a given year. This tax is applicable to companies with prior 3-year average annual gross receipts exceeding $500 million. The Company does not currently meet this threshold since its current average annual gross receipts are less than $500 million.