XML 116 R97.htm IDEA: XBRL DOCUMENT v3.22.2.2
INCOME TAXES - Reconciliation of Effective Tax Rate (Details) - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Reconciliation of effective tax rate      
Net income for the year $ 22,990 $ 2,847 $ 7,770
Income tax (benefit) / expense (1,987) 1,918 2,315
Total income before taxation 21,003 4,765 10,085
Reconciliation of effective tax rate      
Income tax expense using the applicable tax rate 4,411 1,001 2,118
State taxes (net of federal tax effect) 637 349 1,303
Effect of tax and exchange rates in foreign jurisdictions (52) 175 (776)
Foreign subsidiaries taxed at lower rate or tax exempt (1,734) 1,064 191
Non-deductible expenses / exempt income 284 256 328
Employment and other tax credits (1,487) (967) 0
Prior year provision / other items (117) (180) (320)
Unrecognized losses utilized during the year (136) 0 1,018
Change in unrecognized temporary differences (3,793) 220 (1,547)
Income tax (benefit) / expense charged to profit or loss $ (1,987) $ 1,918 $ 2,315
Reconciliation of effective tax rate (Percent)      
Income tax expense using the applicable tax rate 21.00% 21.00% 21.00%
State taxes (net of federal tax effect) 3.00% 7.30% 12.90%
Effect of tax and exchange rates in foreign jurisdictions (0.20%) 3.70% (7.70%)
Foreign subsidiaries taxed at lower rate or tax exempt (8.30%) 22.30% 1.90%
Non-deductible expenses / exempt income 1.40% 5.40% 3.30%
Employment and other tax credits (7.10%) (20.30%) 0.00%
Prior year provision / other items (0.60%) (3.80%) (3.20%)
Unrecognized losses utilized during the year (0.60%) 0.00% 10.10%
Change in unrecognized temporary differences (18.10%) 4.60% (15.30%)
Total (9.50%) 40.20% 23.00%