Income Taxes (Tables)

12 Months Ended

Jun. 30, 2012

Schedule of book income (loss) before income taxes

The Company’s book income (loss) before income taxes for fiscal 2012 and 2011 were as follows (in thousands):



	Years Ended June 30,
	2012			2011
Domestic	$	(1,183	)	$	(4,468	)
Foreign	(2,936		)	(2,352		)
Total	$	(4,119	)	$	(6,820	)

Schedule of provision for income taxes

The provision for income taxes consists of the following (in thousands):



	Years Ended June 30,
	2012			2011
Current:
Federal	$	(8	)	$	—
State	41			48
Foreign	(429		)	203
Total current	(396		)	251
Deferred:
Federal	—			(281		)
State	—			(26		)
Foreign	—			—
Total deferred	—			(307		)
Benefit from income taxes	$	(396	)	$	(56	)

Schedule of the difference between the provision for income taxes and the amount computed by applying the federal statutory income tax rate to income (loss) before provision for income taxes

The difference between the provision for (benefit from) income taxes and the amount computed by applying the federal statutory income tax rate to income (loss) before provision for (benefit from) income taxes is explained below (in thousands):



	Years Ended June 30,
	2012			2011
Tax at federal statutory rate	$	(1,440	)	$	(2,319	)
State taxes, net of federal benefit	112			225
Foreign taxes differential	(36		)	(216		)
Tax credits	(53		)	(195		)
Non-deductible meals and entertainment	25			29
Stock compensation	317			243
Non-deductible acquisition expense	—			79
Unrecognized tax benefits	(533		)	252
Imputed intercompany interest	282			253
Adjustments related to prior years	1,535			1,466
Purchase accounting	—			(1,189		)
Change in valuation allowance	(656		)	986
Other	51			330
Benefit from income taxes	$	(396	)	$	(56	)

Schedule of significant components of deferred tax assets and liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows (in thousands):



	Years Ended June 30,
	2012			2011
Deferred tax assets:
Net operating loss carryforwards	$	34,168		$	34,649
Tax credit carryforwards	1,530			1,501
Inventory valuation	567			823
Depreciation /amortization	975			1,145
Other accruals not currently deductible for tax purposes	1,652			1,627
Capitalized research and development expenses	39			118
Other	206			75
Total deferred tax assets	39,137			39,938
Valuation allowance	(38,627		)	(39,282		)
Net deferred tax assets	510			656
Deferred tax liabilities:
Purchased intangibles	(510		)	(656		)
Net deferred tax liabilities	(510		)	(656		)
Total net deferred tax liabilities	$	—		$	—

Schedule of activity related to unrecognized tax benefits

The following table summarizes the activity related to Adept’s unrecognized tax benefits (in thousands):



	Years Ended June 30,
	2012			2011		2010
Beginning balance	$	8,254		$	7,101	$	7,956
Increases related to prior year tax positions	19			412		—
Decreases related to prior year tax positions	—			—		(964		)
Increases related to current year tax positions	61			741		109
Decreases related to lapse of state limitations	(271		)	—		—
Ending balance	$	8,063		$	8,254	$	7,101