Income Taxes	6 Months Ended
Dec. 31, 2016
Income Taxes
Income Taxes	(7) Income Taxes The Company’s quarterly provision for income taxes is based on the discrete effective tax rate method. The Company’s quarterly provision for income taxes also includes the tax impact of certain unusual or infrequently occurring items, if any, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, in the interim period in which they occur. The Company recorded income tax expense of $85 and $32 for the three months ended December 31, 2015 and 2016 respectively, and $186 and $132 for the six months ended December 31, 2015 and 2016, respectively. The Company’s effective tax rates for the three and six months ended December 31, 2015 and 2016 differ from statutory rates primarily due to the existence of a valuation allowance recorded against the preponderance of the net deferred tax assets. The Company reviews the likelihood that it will realize the benefit of its deferred tax assets and, therefore, the need for a valuation allowance on a quarterly basis. It established a valuation allowance on all of its net deferred tax assets except for deferred tax liabilities associated with indefinite-lived intangible assets during fiscal 2014, given that the Company determined that it was more likely than not that the Company would not recognize the benefits of its net operating loss carryforwards prior to their expiration. The Company has continued to carry the valuation allowance during fiscal 2016 and for the six months ended December 31, 2016. As of December 31, 2016, the Company had no unrecognized tax benefits.

Income Taxes

6 Months Ended

Dec. 31, 2016

(7) Income Taxes

The Company’s quarterly provision for income taxes is based on the discrete effective tax rate method. The Company’s quarterly provision for income taxes also includes the tax impact of certain unusual or infrequently occurring items, if any, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, in the interim period in which they occur.

The Company recorded income tax expense of $85 and $32 for the three months ended December 31, 2015 and 2016 respectively, and $186 and $132 for the six months ended December 31, 2015 and 2016, respectively. The Company’s effective tax rates for the three and six months ended December 31, 2015 and 2016 differ from statutory rates primarily due to the existence of a valuation allowance recorded against the preponderance of the net deferred tax assets.

The Company reviews the likelihood that it will realize the benefit of its deferred tax assets and, therefore, the need for a valuation allowance on a quarterly basis. It established a valuation allowance on all of its net deferred tax assets except for deferred tax liabilities associated with indefinite-lived intangible assets during fiscal 2014, given that the Company determined that it was more likely than not that the Company would not recognize the benefits of its net operating loss carryforwards prior to their expiration. The Company has continued to carry the valuation allowance during fiscal 2016 and for the six months ended December 31, 2016. As of December 31, 2016, the Company had no unrecognized tax benefits.