INCOME TAXES

9 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES:

 A summary of income tax benefits and corresponding effective tax rates is as follows:

	Three Months Ended March 31,						Nine Months Ended March 31,
	2022			2021			2022			2021
	(Dollars in thousands)
Income tax benefit	$	1,270		$	333		$	1,482		$	1,368
Effective tax rate	4.4		%	3.0		%	3.3		%	1.7		%

The recorded tax benefits and effective tax rates for the three and nine months ended March 31, 2022 and 2021 were different than what would normally be expected primarily due to the impact of the deferred tax valuation allowance.

The Company is no longer subject to IRS examinations for years before 2014. Furthermore, with limited exceptions, the Company is no longer subject to state and international income tax examinations by tax authorities for years before 2012.