INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2017

INCOME TAXES

Schedule of the components of the provision for income taxes

	For the Years Ended June 30,
	2017		2016		2015
Current income tax expense:
Federal	$	5,803	$	10,530	$	436
State and other		1,584		2,020		96
Benefit of operating loss carryforwards		(118)		(319)		—
Total current tax expense		7,269		12,231		532
Deferred tax expense:
Federal		4,154		(3,583)		5,636
State and other		300		(340)		426
Total deferred tax expense		4,454		(3,923)		6,062
Income tax expense	$	11,723	$	8,308	$	6,594

Schedule of difference between the statutory and the effective federal tax rate

	For the Years Ended June, 30
	2017		2016		2015
Statutory income tax rate	35.00	%	35.00	%	34.00	%
State taxes (net of federal income tax benefit and valuation allowance)	2.83		0.41		2.73
Valuation allowance	—		0.06		0.30
Tax credits	(0.62)		(2.82)		—
Other	0.04		(0.21)		(2.95)
Uncertain tax positions	1.93		6.06		(0.55)
Permanent differences	(1.72)		6.36		20.84
Effective income tax rate	37.46	%	44.86	%	54.37	%

Summary of the significant components of the Company’s deferred tax assets and liabilities

	2017		2016
Deferred tax assets:
Warranty reserves	$	4,392	$	4,301
Repurchase agreements		362		280
Other reserves		121		998
Unrecognized tax benefits		859		719
Stock Compensation		336		4,527
State net operating loss		130		130
Foreign net operating loss		104		117
Valuation allowance		(234)		(247)
Total deferred tax assets		6,070		10,825
Deferred tax liabilities:
Depreciation		(984)		(907)
Intangible asset basis difference		(6,037)		(6,406)
Other		(2)		(11)
Total deferred tax liabilities		(7,023)		(7,324)
Net deferred tax assets (liabilities)	$	(953)	$	3,501

Schedule of net deferred tax assets and liabilities as classified in the consolidated balance sheets

	2017		2016
Noncurrent deferred tax assets		—		3,501
Noncurrent deferred tax liabilities		(953)		—
Net deferred tax assets (liabilities)	$	(953)	$	3,501

Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits excluding accrued amounts for interest and penalties

	2017		2016
Balance at July 1	$	2,054	$	328
Additions based on tax positions related to the current year		413		623
Additions for tax positions of prior years		—		1,143
Reductions for tax positions of prior years		(25)		(40)
Balance at June 30	$	2,442	$	2,054