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Income Taxes (Tables)
6 Months Ended
Dec. 31, 2013
Income Taxes [Abstract]  
Reconciliation of Federal Statutory Income Tax Rate to the Effective Tax Rate

A reconciliation of the federal statutory income tax rate to the Company's effective tax rate, as reported, is as follows for the three and six months ended December 31, 2013 and 2012.

 

    Three Months Ended     Six Months Ended  
    December 31,     December 31,  
    2013     2012     2013     2012  
                         
Income taxes at federal statutory rate     34.0 %     34.0 %     34.0 %     34.0 %
State income tax, net of federal benefit     2.8 %     2.8 %     2.9 %     3.0 %
Nondeductible expenses     -10.5 %     0.3 %     -10.5 %     0.3 %
Change in valuation allowance     -22.0 %     -32.8 %     -22.0 %     -32.7 %
Effective income tax rate     4.3 %     4.3 %     4.4 %     4.6 %