Income Taxes and Tax Receivable Agreeement (Tables)

12 Months Ended

Jun. 30, 2015

Schedule of Components of Income Tax Expense (Benefit)

The components of provision for (benefit from) income taxes are as follows:



	Fiscal Year Ended June 30, 2015			Fiscal Year Ended June 30, 2014
Current tax expense:
Federal	$	205		$	44
State	95			376
Foreign	430			14
Total Current	730			434
Deferred tax expense (benefit):
Federal	8,208			(2,066		)
State	(49		)	(588		)
Foreign	(226		)	—
Total Deferred	7,933			(2,654		)
Income tax expense (benefit)	$	8,663		$	(2,220	)

Schedule of Effective Income Tax Rate Reconciliation

The income tax benefit differs from the amount computed by applying the federal statutory income tax rate to income from continuing operations before income taxes. The sources and tax effects of the differences are as follows:



	Fiscal Year Ended June 30, 2015		Fiscal Year Ended June 30, 2014
Federal tax provision at statutory rate	35.0	%	35.0	%
State income taxes, net of federal benefit	0.1		5.5
Permanent differences attributable to partnership investment	1.6		(9.9	)
Non-controlling interest	(9.8	)	36.5
Other, net	0.3		(1.9	)
Total income tax expense on continuing operations	27.2	%	65.2	%

Schedule of Deferred Tax Assets and Liabilities

The components of the Company's net deferred income tax assets and liabilities at June 30, 2015 and 2014 are as follows:



	As of June 30, 2015		As of June 30, 2014
Deferred tax assets:
Litigation accrual	$	—	$	500
Partnership basis differences	105,632		21,452
Fixed assets and intangibles	144		—
Accrued liabilities and reserves	448		—
State tax credits and NOLs	388		—
Other	35		—
Total deferred tax assets	106,647		21,952
Deferred tax liabilities:
Income tax deferral due to fiscal year end	—		995
Fixed assets and intangibles	1,101		—
Total deferred tax liabilities	1,101		995
Less valuation allowance	—		—
Total net deferred tax assets	$	105,546	$	20,957

Summary of Unrecognized Tax Benefits

A reconciliation of changes in the amount of unrecognized tax benefits for the fiscal years ended June 30, 2014 and 2015 is as follows:



	As of June 30, 2015		As of June 30, 2014
Balance as of July 1	$	—	$	—
Additions based on tax positions taken during the current period	4		—
Reductions based on tax positions taken during a prior period	—		—
Additions based on tax positions taken during a prior period	62		—
Balance as of June 30	$	66	$	—