INCOME TAXES

6 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES:

 A summary of the income tax (expense) benefit and corresponding effective tax rate is as follows:

	Three Months Ended December 31,						Six Months Ended December 31,
	2024			2023			2024			2023
	(Dollars in thousands)
Income tax (expense) benefit	$	(136)		$	107		$	89		$	255
Effective tax rate	39.8		%	9.6		%	5.3		%	398.4		%

The recorded tax provision and effective tax rate for the three and six months ended December 31, 2024, and 2023 were different than what would normally be expected, primarily due to the impact of the deferred tax valuation allowance.

With limited exceptions, due to net operating loss carryforwards, our federal, state, and foreign tax returns are open to examination for all years since 2014, 2013, and 2016, respectively.