INCOME TAXES (Tables)

6 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Summary of income tax benefits and corresponding effective tax rates

A summary of the income tax benefit (expense) and corresponding effective tax rate is as follows:

	Three Months Ended December 31,						Six Months Ended December 31,
_______________________________________________________________________________	2023			2022			2023			2022
	(Dollars in thousands)
Income tax benefit (expense)	$	107		$	—		$	255		$	(28)
Effective tax rate (1)	9.6		%	—		%	398.4		%	(0.6)		%

(1)The recorded tax provision and effective tax rate for the three and six months ended December 31, 2023 and 2022 were different than what would normally be expected, due to the impact of the deferred tax valuation allowance in addition to the impact of a one-time tax benefit in fiscal year 2024 recognized as a result of an income tax audit of foreign subsidiaries.