Income Taxes (Tables)

12 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The current and deferred components of the provision for income taxes consist of the following:

	June 30,
(In thousands)	2015			2014		2013
Current:
Federal	$	(30	)	$	293	$	(24	)
State	309			275		191
Total current income tax expense	279			568		167
Deferred:
Federal	106			99		(819		)
State	17			38		(173		)
Total deferred income tax expense (benefit)	123			137		(992		)
Income tax expense (benefit)	$	402		$	705	$	(825	)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income tax expense (benefit) to the federal statutory tax rate is as follows:

	June 30,
(In thousands)	2015			2014			2013
Statutory tax rate	34		%	34		%	34		%
Income tax expense (benefit) at statutory rate	$	358		$	4,365		$	(3,158	)
State income tax expense (benefit), net of federal tax benefit	260			749			(223		)
Dividend income exclusion	(54		)	—			—
Valuation allowance	(185		)	(4,292		)	3,074
Change in contingency reserve (net)	—			(39		)	(7		)
Other (net)	23			(78		)	(511		)
Income tax expense (benefit)	$	402		$	705		$	(825	)

Schedule of Deferred Tax Assets and Liabilities

The primary components of the temporary differences which give rise to the Company’s net deferred tax liabilities are as follows:

	June 30,
(In thousands)	2015			2014			2013
Deferred tax assets:
Postretirement benefits	$	31,100		$	19,800		$	26,014
Accrued liabilities	10,091			6,156			4,477
Net operating loss carryforwards	41,544			40,275			44,607
Intangible assets	594			1,126			694
Other	6,794			7,253			8,945
Total deferred tax assets	90,123			74,610			84,737
Deferred tax liabilities:
Unrealized gain on investments	(2,242		)	—			—
Fixed assets	(2,647		)	(1,902		)	(2,641		)
Other	(1,943		)	(1,538		)	(882		)
Total deferred tax liabilities	(6,832		)	(3,440		)	(3,523		)
Valuation allowance	(84,857		)	(72,613		)	(82,522		)
Net deferred tax liabilities	$	(1,566	)	$	(1,443	)	$	(1,308	)

Summary of Income Tax Contingencies

A tabular reconciliation of the total amounts (in absolute values) of unrecognized tax benefits is as follows:

	Year Ended June 30,
(In thousands)	2015		2014			2013
Unrecognized tax benefits at beginning of year	$	—	$	3,211		$	3,211
Decreases in tax positions for prior years	—		(30		)	—
Settlements	—		(3,181		)	—
Unrecognized tax benefits at end of year	$	—	$	—		$	3,211