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Income Taxes
6 Months Ended
Dec. 31, 2011
Income Taxes  
Income Taxes

11. Income Taxes

     The Company utilizes the asset and liability method of accounting for income taxes. The Company recognizes deferred tax liabilities or assets for the expected future tax consequences of temporary differences between the book and tax basis of assets and liabilities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense.

     As of June 30, 2011, the liability for gross unrecognized tax benefits was $15,000. During the three and six-months ended December 31, 2011, there were no significant changes to the total gross unrecognized tax benefits. It is expected that the amount of unrecognized tax benefits for positions which the Company has identified will not change significantly in the next twelve months.

     The Company files income tax returns in the United States (U.S.) federal jurisdiction as well as various state jurisdictions. The Company is subject to U.S. federal income tax examinations by tax authorities for fiscal years after 1996. The Company may also be subject to state income tax examinations whose regulations vary by jurisdiction.