Income Taxes (Tables)

12 Months Ended

Jun. 30, 2013

Schedule of book income (loss) before income taxes

The Company’s book income (loss) before income taxes for fiscal 2013 and 2012 were as follows (in thousands):



	Years Ended June 30,
	2013			2012
Domestic	$	(6,826	)	$	(1,183	)
Foreign	(3,519		)	(2,936		)
Total	$	(10,345	)	$	(4,119	)

Schedule of provision for income taxes

The benefit from income taxes consists of the following (in thousands):



	Years Ended June 30,
	2013			2012
Current:
Federal	$	(59	)	$	(8	)
State	22			41
Foreign	(171		)	(429		)
Total current	(208		)	(396		)
Deferred:
Foreign	(112		)	—
Total deferred	(112		)	—
Benefit from income taxes	$	(320	)	$	(396	)

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,
	2013			2012
Tax at federal statutory rate	$	(3,517	)	$	(1,440	)
State taxes, net of federal benefit	462			112
Foreign taxes differential	432			(36		)
Tax credits	(148		)	(53		)
Non-deductible meals and entertainment	21			25
Stock compensation	325			317
Unrecognized tax benefits	(425		)	(533		)
Imputed intercompany interest	243			282
Adjustments related to prior years	(212		)	1,535
Change in valuation allowance	2,462			(656		)
Other	37			51
Benefit from income taxes	$	(320	)	$	(396	)

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,
	2013			2012
Deferred tax assets:
Net operating loss carryforwards	$	36,872		$	34,168
Tax credit carryforwards	1,994			1,530
Inventory valuation	700			567
Depreciation /amortization	523			975
Other accruals not currently deductible for tax purposes	1,341			1,652
Capitalized research and development expenses	—			39
Other	85			206
Total deferred tax assets	41,515			39,137
Valuation allowance	(41,087		)	(38,627		)
Net deferred tax assets	428			510
Deferred tax liabilities:
Purchased intangibles	(316		)	(510		)
Net deferred tax liabilities	(316		)	(510		)
Total net deferred tax assets	$	112		$	—

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,
	2013			2012
Beginning balance	$	8,063		$	8,254
Increases related to prior year tax positions	—			19
Decreases related to prior year tax positions	(617		)	—
Increases related to current year tax positions	82			61
Decreases related to lapse of state limitations	(546		)	(271		)
Ending balance	$	6,982		$	8,063