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INCOME TAXES
3 Months Ended
Sep. 30, 2018
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES

The Company’s effective tax rate for the three months ended September 30, 2018 was 34.6% reflecting primarily deferred tax expense related to the effect of indefinite lived assets, such as goodwill, which cannot be used as a source of future taxable income in evaluating the need for a valuation allowance against deferred tax assets as well as estimated state income tax. For the three months ended September 30, 2018, the Company recorded total income tax expense of $37 thousand, consisting of estimated federal income tax expense of $33 thousand and estimated state income tax expense of $4 thousand. For the three months ended September 30, 2017, the Company recorded a total income tax expense of $7 thousand, consisting primarily of state income taxes.