Income Taxes	6 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 6. Income Taxes On a quarterly basis, the Company estimates its effective tax rate for the full fiscal year and records a quarterly income tax provision based on the anticipated rate. As the year progresses, the Company refines its estimate based on the facts and circumstances by each tax jurisdiction. Income tax expense was estimated at approximately $419,000 and $793,000, and the effective tax rate was 26.1% and 26.5% for the three and six months ended December 31, 2019, respectively. Estimated income tax expense for the three and six months ended December 31, 2019 included a discrete deferred tax benefit of approximately $12,000 and $15,000, respectively, related to stock options that were exercised during the period. The net impact of these discrete events decreased the estimated effective tax rates by 0.7% and 0.5% during the three and six months ended December 31, 2019, respectively. Income tax expense was estimated at approximately $311,000 and $369,000 and the effective tax rate was 45.0% and 40.7%, for the three and six months ended December 31, 2018, respectively. Estimated income tax expense for the three and six months ended December 31, 2018 included a discrete deferred tax expense of approximately $126,000 related to unexercised fully-vested stock options that expired on November 24, 2018 and a discrete current tax benefit of approximately $9,000 related to the excess tax benefit of non-qualified stock options that were exercised during the period. The net impact of these discrete events increased the estimated effective tax rates by 16.9% and 12.9% during the three and six months ended December 31, 2018, respectively.

Income Taxes

6 Months Ended

Dec. 31, 2019

Note 6. Income Taxes

On a quarterly basis, the Company estimates its effective tax rate for the full fiscal year and records a quarterly income tax provision based on the anticipated rate. As the year progresses, the Company refines its estimate based on the facts and circumstances by each tax jurisdiction. Income tax expense was estimated at approximately $419,000 and $793,000, and the effective tax rate was 26.1% and 26.5% for the three and six months ended December 31, 2019, respectively. Estimated income tax expense for the three and six months ended December 31, 2019 included a discrete deferred tax benefit of approximately $12,000 and $15,000, respectively, related to stock options that were exercised during the period. The net impact of these discrete events decreased the estimated effective tax rates by 0.7% and 0.5% during the three and six months ended December 31, 2019, respectively.

Income tax expense was estimated at approximately $311,000 and $369,000 and the effective tax rate was 45.0% and 40.7%, for the three and six months ended December 31, 2018, respectively. Estimated income tax expense for the three and six months ended December 31, 2018 included a discrete deferred tax expense of approximately $126,000 related to unexercised fully-vested stock options that expired on November 24, 2018 and a discrete current tax benefit of approximately $9,000 related to the excess tax benefit of non-qualified stock options that were exercised during the period. The net impact of these discrete events increased the estimated effective tax rates by 16.9% and 12.9% during the three and six months ended December 31, 2018, respectively.