INCOME TAXES

3 Months Ended

Sep. 30, 2021

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES:

 A summary of income tax benefits and corresponding effective tax rates is as follows:

	Three Months Ended September 30,
	2021			2020
	(Dollars in thousands)
Income tax benefit	$	48		$	635
Effective tax rate	0.5		%	1.8		%

The recorded tax provisions and effective tax rates for the three months ended September 30, 2021 and 2020 were different than what would normally be expected primarily due to the impact of the deferred tax valuation allowance.

The Company is no longer subject to IRS examinations for years before 2014. Furthermore, with limited exceptions, the Company is no longer subject to state and international income tax examinations by tax authorities for years before 2012.