Income Taxes (Tables)

12 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Schedule of sources of pretax income

The sources of pretax income are as follows:

	Twelve Months Ended
	June 30, 2015			June 30, 2014			June 30, 2013
	(In thousands)
Domestic	$	(4,001	)	$	60,129		$	37,876
Foreign	12,193			(3,318		)	(1,960		)
Total	$	8,192		$	56,811		$	35,916

Components of the provision for income taxes

The components of the provision for income taxes are as follows:

	Twelve Months Ended
	June 30, 2015			June 30, 2014			June 30, 2013
	(In thousands)
Current:
Federal	$	7,535		$	19,870		$	8,260
State	1,606			3,117			1,268
Foreign	1,791			613			449
	10,932			23,600			9,977
Deferred:
Federal	1,803			(3,951		)	1,801
State	(362		)	(51		)	126
Foreign	(2,283		)	336			4
	(842		)	(3,666		)	1,931
	$	10,090		$	19,934		$	11,908

Difference between expected income tax provision applying domestic federal statutory tax rate and reported income tax provision

The difference between the expected income tax provision applying the domestic federal statutory tax rate and the reported income tax provision is as follows:

	Twelve Months Ended
	June 30, 2015			June 30, 2014			June 30, 2013
	(In thousands)
Expected provision for Federal income taxes at the statutory rate	$	2,868		$	19,887		$	12,570
State income taxes, net of Federal benefit	1,023			2,275			1,252
Deemed foreign dividends	1,462			—			—
Charges without tax benefit	1,478			1,405			1,231
Change in valuation allowance	25			—			(140		)
IRC S199 deduction	—			(1,546		)	(844		)
Foreign tax credits	(1,433		)	—			—
Research & Development Credit	(1,197		)	(1,793		)	(1,450		)
Foreign tax differential	(529		)	(182		)	(160		)
Other	(276		)	262			(551		)
Noncontrolling interest	6,669			(374		)	—
Provision for income taxes	$	10,090		$	19,934		$	11,908

Significant components of Company's deferred tax assets and liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows:

	June 30, 2015			June 30, 2014
	(In thousands)
Deferred tax assets:
Warranty reserve	$	312		$	234
Bad debt reserve	164			80
Paid-time-off accrual	765			712
Insurance reserve	2,178			2,519
Legal reserve	382			356
Net operating loss benefit and credit carryforwards	7,380			4,061
Valuation allowance	(115		)	(90		)
Accrued compensation and pension	1,059			2,187
Stock compensation expense on nonvested deferred shares	3,080			1,969
Accrued losses	970			1,488
Other—net	897			314
Total deferred tax assets	17,072			13,830
Deferred tax liabilities:
Tax over book depreciation	9,987			8,537
Tax over book amortization	1,658			1,903
Branch future liability	2,193			—
Prepaid insurance	160			2,104
Other—net	589			459
Total deferred tax liabilities	14,587			13,003
Net deferred tax asset (liability)	$	2,485		$	827

Significant components of Company's deferred tax assets and liabilities as reported in consolidated balance sheets

	June 30, 2015			June 30, 2014
	(In thousands)
Current deferred tax assets	$	8,298		$	5,994
Non-current deferred tax assets	2,073			—
Current deferred tax liabilities	(473		)	—
Non-current deferred tax liabilities	(7,413		)	(5,167		)
Net deferred tax asset (liability)	$	2,485		$	827

Summary of Operating Loss Carryforwards

These carryforwards will generally expire as shown below:

Item	Expiration Period	Amount (in thousands)
State net operating losses	June 2024 to June 2031	$	2,229
State tax credits	No expiration	316
Federal foreign tax credits	June 2016 to June 2024	3,371
Foreign net operating losses	June 2027 to June 2034	8,656
Foreign tax credits	June 2033	$	16

Summary of Tax Credit Carryforwards

These carryforwards will generally expire as shown below:

Item	Expiration Period	Amount (in thousands)
State net operating losses	June 2024 to June 2031	$	2,229
State tax credits	No expiration	316
Federal foreign tax credits	June 2016 to June 2024	3,371
Foreign net operating losses	June 2027 to June 2034	8,656
Foreign tax credits	June 2033	$	16