v3.26.1
Income Taxes (Tables)
 12 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
The components of income taxes (benefit) are as follows:
Fiscal Year Ended June 30,
202620252024
Income/(loss) from continuing operations before income tax expense/(benefit):
Domestic7,186 18,280 (58,677)
Foreign (4,739)1,983 892 
Total2,447 20,263 (57,785)
Current tax expense (benefit):
     Federal$(529)$715 $2,358 
     State(169)(17)424 
     Foreign1,525 774 345 
          Total current827 1,472 3,127 
Deferred tax expense (benefit):
     Federal1,691 3,641 (3,872)
     State615 18 (577)
     Foreign(2,393)(108)(20)
          Total deferred(87)3,551 (4,469)
Income tax expense (benefit)$740 $5,023 $(1,342)
Schedule of Effective Income Tax Rate Reconciliation The sources and tax effects of the differences, presented for all comparative periods in accordance with ASU No. 2023-09, are as follows:
Fiscal Year Ended June 30,
202620252024
US federal statutory income tax rate514 21.0%4,255 21.0%(12,135)21.0%
Domestic federal:
Effect of changes in tax laws or rates enacted during current period325 13.3%— —%— —%
Research credits(1,094)(44.7)%(456)(2.3)%(695)1.2%
Nontaxable or nondeductible items
Impairment charges - Maverick— —%— —%10,330 (17.9)%
Permanent differences attributable to partnership investment167 6.8%145 0.7%624 (1.1)%
Certain federal tax code limitations421 17.2%222 1.1%(163)0.3%
Restricted Stock (Windfall)/Shortfall379 15.5%255 1.3%337 (0.6)%
Changes in prior year unrecognized tax benefits(268)(11.0)%(134)(0.7)%(52)0.1%
Other(92)(3.7)%18 0.1%370 (0.7)%
Domestic state and local income taxes, net of federal effect(a)269 11.0%492 2.4%(91)0.2%
Finland(129)(5.3)%— —%— —%
Poland89 3.6%— —%— —%
Australia159 6.5%226 1.2%133 (0.2)%
Total Foreign119 4.8%226 1.2%133 (0.2)%
Total income (benefit) tax on continuing operations$740 30.2 %$5,023 24.8 %$(1,342)2.3 %
(a) State taxes in Florida and Kansas made up the majority (greater than 50 percent) of the tax effect in this category
Schedule of Cash Flow, Supplemental Disclosures
The table below summarizes income taxes paid (net of refunds) by significant jurisdiction:
As of Fiscal Year Ended June 30,
(in thousands)202620252024
Cash paid for income taxes, net of refunds received:
US federal$(369)$250 $305 
US state and local
Alabama*(100)259 
California*(90)*
Florida(125)*443 
Kansas(176)(79)*
Maine(52)**
Michigan(71)**
Minnesota*(165)*
Tennessee(239)(715)*
Texas78 67 220 
Other10 2 298 
Total State(575)(1,080)1,220 
Foreign
Finland645n/an/a
Poland584n/an/a
Australia620175600 
Total Foreign1,849 175 600 
Total$905 $(655)$2,125 
*    The amount of income taxes paid, net of refunds received during the year does not meet the 5% disaggregation threshold.
Schedule of Deferred Tax Assets and Liabilities
The components of the Company's net deferred income tax assets and liabilities at June 30, 2026 and 2025 are as follows:

As of June 30,
20262025
Deferred tax assets:
Partnership basis differences$29,036 $36,947 
Accrued liabilities and reserves4,329 1,753 
State tax credits and NOLs15,287 14,096 
Foreign tax credits580 580 
National NOL and Credits23,163 18,942 
Other418 774 
     Less valuation allowance(17,571)(17,485)
     Total deferred tax assets55,242 55,607 
Deferred tax liabilities:
Fixed assets and intangibles17,675 18,652 
Other2,572 28 
     Total deferred tax liabilities20,247 18,680 
     Total net deferred tax assets$34,995 $36,927 
Schedule of Unrecognized Tax Benefits Roll Forward
A reconciliation of changes in the amount of unrecognized tax benefits for the fiscal years ended June 30, 2026, 2025 and 2024 is as follows:
Fiscal Year Ended June 30,
202620252024
Balance as of July 1$1,787 $1,796 $1,718 
Additions based on tax positions taken during the current period142 126 129 
Reductions due to statute settlements(301)(171)(130)
Additions for tax positions of prior years33 36 79 
Balance as of June 30$1,661 $1,787 $1,796