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Income Taxes
3 Months Ended
Sep. 30, 2017
Income Tax Disclosure [Abstract]  
Income Taxes

 11. Income Taxes

 

For the three months ended September 30, 2017 and 2016, the Company recorded an income tax benefit from continuing operations of $281,000 and $26,000, respectively.

 

For the three months ended September 30, 2017 and 2016, the effective rate of 18.8% and 4.7%, respectively, on continuing operations varied from the U.S. federal statutory rate primarily due to permanent book tax differences relating principally to stock compensation expense and tax credits.

 

As of September 30, 2017 and June 30, 2017, the Company has no material unrecognized tax benefits or accrued interest and penalties.