INCOME TAXES (Notes)

3 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

The Company files income tax returns in the United States federal jurisdiction and in several state jurisdictions.  The Company’s federal tax returns for tax years beginning July 1, 2012 or later are open.  For states in which the Company files state income tax returns, the statute of limitations is generally open for tax years ended June 30, 2012 and forward. For the three months ended September 30, 2016, the Company recorded an income tax expense of $43,931, compared to an income tax benefit of $61,400 for the three months ended September 30, 2015.

The Company does not believe it has any unrecognized tax benefits as of September 30, 2016 and as of June 30, 2016. Any changes to the Company’s unrecognized tax benefits as of September 30, 2016, if recognized, would impact the effective tax rate.