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INCOME TAXES
3 Months Ended
Sep. 30, 2019
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES

The Company’s effective tax rate for the three months ended September 30, 2019 was 9.0% reflecting primarily deferred tax expense related to the effect of indefinite lived assets, such as goodwill, which cannot be used as a source of future taxable income in evaluating the need for a valuation allowance against deferred tax assets as well as estimated state income tax. For the three months ended September 30, 2019, the Company recorded total income tax expense of $68 thousand, consisting of estimated federal income tax expense of $29 thousand and estimated state income tax expense of $39 thousand. For the three months ended September 30, 2018, the Company recorded a total income tax expense of $37 thousand, consisting of a federal tax expense of $33 thousand and estimated state income tax expense of $4 thousand.