v3.26.1
Income Taxes (Tables)
 12 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule Of Components of Income Before Income Tax From Continuing Operations

The components of income before income taxes from continuing operations were as follows (in thousands):

 

Year Ended June 30,  2026   2025 
United States  $18,814   $18,708 
Foreign   —    — 
Total income before income taxes  $18,814   $18,708 
Schedule of Income Tax Provision

The provision for income taxes consisted of the following (in thousands):

 

($ in thousands)  2026   2025 
   Year Ended June 30 
($ in thousands)  2026   2025 
Income Tax Expense:          
Current:          
Federal  $849   $592 
State   906    715 
Total Current Expense  $1,755   $1,307 
Deferred:          
Federal  $3,306   $2,404 
State   695    (81)
Total Deferred Expense    4,001    2,323 
Income Tax Expense  $5,756   $3,630 
Schedule of Effective Income Tax Rate Reconciliation

Fiscal 2026 Effective Tax Rate Reconciliation

 

Reconciling Item ($ in thousands)  Amount   Rate 
U.S. federal statutory income tax at 21%  $3,951    21.00%
State and local income taxes, net of federal benefit   1,602    8.52%
Nontaxable or nondeductible items:   349    1.85%
Other nontaxable or nondeductible items   194    1.03%
Effect of cross-border tax laws   (297)   (1.58)%
Other adjustments   (43)   (0.22)%
Provision for income taxes / effective tax rate  $5,756    30.60%

For the fiscal year ended June 30, 2026, California, Pennsylvania, and Kentucky represented a majority of the Company’s state and local income tax effect included in the effective tax rate reconciliation.

 

Fiscal 2025 Effective Tax Rate Reconciliation

 

    2025      
($ in thousands)  Year Ended June 30 2025 
Federal Income Tax Provision at Statutory Rate  $3,922    21%
State Taxes, Net of Federal Benefits   634    3%
Other - Permanent adjustments   26    0%
Fair Value Adjustments on Warrants   179    1%
Foreign Derived Intangible Income   (349)   -2%
Software Costs   (682)   -4%
Immaterial income tax out-of-period adjustment   (100)   -0%
           
Income Tax Expense (Benefit)  $3,630    19%
 
Schedule of Components of Deferred Taxes

The significant components of the Company’s deferred tax liabilities (assets) at June 30, 2026 are as follows:

 

(In thousands)  2026   2025 
Deferred Tax Assets:          
Section 163(j) Interest Expense  $4,067   $4,488 
Net operating loss carryforwards   1,087    4,855 
Accruals not currently deductible   1,390    1,088 
Lease liability   4,525    5,347 
Inventory   2,002    2,364 
Section 248 organization costs   1,674    1,674 
Other   219    234 
Total deferred tax assets   14,964    20,050 
Deferred Tax Liabilities:          
Goodwill and intangibles   (7,285)   (7,208)
Operating lease assets   (4,138)   (4,970)
Property and equipment   (2,097)   (2,629)
Prepaids   (1,234)   (1,032)
Total deferred tax liabilities   (14,754)   (15,839)
Net deferred tax asset  $210   $4,211 
Schedule Of Income Tax Paid Net Of Refunds

Income taxes paid, net of refunds, consisted of the following (in thousands):

 

Year Ended June 30, 2026  Amount 
Federal (United States)  $1,307 
State and local   1,145 
Foreign   — 
Total income taxes paid, net of refunds  $2,452 
Schedule Of Income Tax Paid By Individual Jurisdiction

Individual taxing jurisdictions representing more than 5% of total income taxes paid, net of refunds, during fiscal 2026 were as follows (in thousands):

 

(In thousands)  2026 
U.S. Federal  $1,307 
California   204 
Pennsylvania   163 
Kentucky   134 
Other states   644 
Total income taxes paid, net of refunds  $2,452