Income Taxes (Tables)

12 Months Ended

Jun. 30, 2023

Schedule of Income Before Income Taxes by Component

Income before income taxes includes the following components:


	2023		2022		2021
United States	21,938		1,996		3,910
Foreign	18,388		17,383		11,243
Total	$	40,326	$	19,379	$	15,153

Schedule of Major Components of the Provision for Income Tax Expense (Benefit)

The major components of the provision for income tax expense (benefit) are as follows:


	June 30, 2023		June 30, 2022		June 30, 2021
Current tax expense:
Federal	$	385	$	—	$	1,350
State	487		647		1,051
Foreign	3,467		2,575		1,555
Total current expense	$	4,339	$	3,222	$	3,956

Deferred tax:
Federal	4,019		(3,759)		(1,036)
State	843		(1,025)		(717)
Foreign	(457)		(515)		(139)
Total deferred expense (benefit)	$	4,405	$	(5,299)	$	(1,892)

Provision for income tax expense (benefit)	$	8,744	$	(2,077)	$	2,064

Schedule of Differences Between Statutory and Effective Tax Rates

Differences between U.S. federal statutory income tax rates and our effective tax rates for the years ended June 30, 2023, 2022, and 2021 are as follows:


	June 30, 2023		June 30, 2022		June 30, 2021

U.S. federal statutory rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal deduction	1.4	%	3.0	%	7.5	%
Foreign rate differential	(5.7)	%	(8.6)	%	(13.5)	%
Non-deductible expenses / exempt income	1.2	%	1.5	%	1.7	%
Employment and other tax credits	(2.9)	%	(7.7)	%	(6.4)	%
Prior year provision / other items	3.1	%	0.4	%	1.8	%
Unrecognized losses utilized during the year	—	%	(0.7)	%	—	%
Change in valuation allowance	3.6	%	(19.6)	%	1.5	%
Effective tax rate percentage	21.7	%	(10.7)	%	13.6	%

Schedule of Components of Deferred Tax Assets and Liabilities

Significant components of deferred tax assets and liabilities included in the consolidated balance sheets are as follows:


	June 30, 2023		June 30, 2022
Deferred tax assets
Provision for doubtful accounts	$	99	$	74
Provision for employee benefits and other expenses	755		1,147
Tax credit carryforwards	2,427		2,454
Section 174 research and development capitalization	589		—
Net operating losses	2,394		8,748
Property and equipment, net	534		264
Intangible assets	3		—
Lease liability (right of use assets)	6,546		7,392
Net unrealized loss on hedging	56		218
Total deferred tax assets	$	13,403	$	20,297
Valuation allowance	(1,463)		(2,942)
Total deferred tax assets, net of valuation allowance	$	11,940	$	17,355

Deferred tax liabilities
Property and equipment, net	(732)		(507)
Right of use assets	(5,440)		(6,374)
Intangible assets	(1,184)		(1,199)
Total deferred tax liabilities	$	(7,356)	$	(8,080)

Net deferred tax assets and liabilities	$	4,584	$	9,275