v3.26.1
DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedules of Discontinued Operations, Gain from Sale of OSP and Capital Expenditures Related to Discontinued Operations
The following summarizes the results of discontinued operations for the periods presented:
Fiscal Years
20252024
(Dollars in thousands)
Discontinued operations:
Gain from sale of OSP$8,396 $1,993 
Income from discontinued operations, before taxes 8,396 1,993 
Income tax expense from discontinued operations (1)(1,892)— 
Income from discontinued operations, net of tax$6,504 $1,993 
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(1)     Income taxes have been allocated to continuing and discontinued operations based on the methodology required by accounting for income taxes guidance. The tax expense in fiscal year 2025 is due to a GAAP and tax difference in timing of the gain recognition and does not reflect a current or cash tax liability. There was no tax impact in fiscal year 2024, due to a valuation allowance.
The following summarizes the gain from the sale of OSP for the periods presented:
Fiscal Years
20252024
(Dollars in thousands)
Cash proceeds$8,463 $2,000 
Other, net, including professional fees(67)(7)
Gain from sale of OSP$8,396 $1,993