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Other Income (Expense), net
 12 Months Ended
Jun. 30, 2016
Other Income and Expenses [Abstract]  
Other Income (Expense), net
Other Income (Expense), net
Other income (expense), net consists of the following (in thousands):
 
Year ended June 30,
 
2016
 
2015
 
2014
Business development incentive, net
$
—

 
$
—

 
$
666

Foreign currency transaction gain (loss), net
(11
)
 
(498
)
 
(194
)
Gain (loss) on settlement of forward contract
(212
)
 
203

 
8

Loss on disposal of fixed assets
(1,186
)
 
—

 
—

Other income (expense), net
—

 
136

 
(96
)
  Total other income (expense), net
$
(1,409
)
 
$
(159
)
 
$
384


In January 2013, the Company began operations of a foreign subsidiary that qualified for a government-sponsored business development incentive. Under the incentive program, the Company's foreign subsidiary was allowed to retain certain non-income based taxes during the twelve month period ending December 31, 2013, rather than remit such taxes to the tax authorities. The income associated with the retention of these taxes is included in "Business development incentive, net" in the table above for the fiscal year ended June 30, 2014. No such incentives were realized during the fiscal years ended June 30, 2016 and 2015.