Income Taxes	9 Months Ended
Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	7. Income taxes — The Company or one of its subsidiaries files income tax returns in the U.S. federal, state and local taxing jurisdictions. With a few exceptions, the Company and its subsidiaries are no longer subject to state and local income tax examinations for years on or before June 30, 2012. The U.S. federal income tax statute of limitations has expired for all taxable years ended on or before June 30, 2013. The effective tax rates for the quarters ended March 31, 2017 and March 31, 2016 were (0.7%) and 11.1%, respectively. The effective tax rates for the nine months ended March 31, 2017 and March 31, 2016 were (0.7%) and 4.5%, respectively. A full valuation allowance is currently recorded against the Company’s deferred tax assets. A deviation from the customary relationship between income tax expense/(benefit) and pretax income/(loss) results from utilization of the valuation allowance.

Income Taxes

9 Months Ended

Mar. 31, 2017

7. Income taxes — The Company or one of its subsidiaries files income tax returns in the U.S. federal, state and local taxing jurisdictions. With a few exceptions, the Company and its subsidiaries are no longer subject to state and local income tax examinations for years on or before June 30, 2012. The U.S. federal income tax statute of limitations has expired for all taxable years ended on or before June 30, 2013.

The effective tax rates for the quarters ended March 31, 2017 and March 31, 2016 were (0.7%) and 11.1%, respectively. The effective tax rates for the nine months ended March 31, 2017 and March 31, 2016 were (0.7%) and 4.5%, respectively. A full valuation allowance is currently recorded against the Company’s deferred tax assets. A deviation from the customary relationship between income tax expense/(benefit) and pretax income/(loss) results from utilization of the valuation allowance.