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INCOME TAXES
6 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES

The Company’s effective tax rate for the three and six months ended December 31, 2019 was 7.4% and 8.1%, respectively, 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. The Company recorded estimated federal and state income tax expense of $0.1 million for the three and six months ended December 31, 2019 and 2018.