Income Taxes (Tables)

12 Months Ended

Jun. 30, 2021

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

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

	For the Years Ended June 30,
(In thousands)	2021			2020			2019
Statutory tax rate	21		%	21		%	21		%
Income tax (benefit) expense at statutory rate	$	(5,892)		$	(7,829)		$	(7,032)
State income tax (benefit) expense, net of federal tax benefit	(736)			(1,523)			(1,295)
Valuation allowance	4,504			9,153			50,123
Change in tax rate	1,055			233			124
Post retirement medical plan and other offset in OCI	13,738			—			—
Other (net)	926			(229)			(1,809)
Income tax expense	$	13,595		$	(195)		$	40,111

Schedule of Deferred Tax Assets and Liabilities

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

	As of June 30,
(In thousands)	2021		2020
Deferred tax assets:
Postretirement benefits	$	9,364	$	20,232
Accrued liabilities	7,314		3,970
Net operating loss carryforwards	48,195		38,754
Intangible assets	7,377		9,482
Operating lease liabilities	6,592		5,419
Other	6,292		6,893
Total deferred tax assets	85,134		84,750
Deferred tax liabilities:
Fixed assets	(15,448)		(13,427)
Right-of-use operating lease assets	(6,606)		(5,513)
Other	72		(2,950)
Total deferred tax liabilities	(21,982)		(21,890)
Valuation allowance	(64,312)		(64,354)
Net deferred tax liabilities	$	(1,160)	$	(1,494)