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Income Taxes | 3 Months Ended
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Sep. 30, 2017
Income Tax Disclosure [Abstract] |
INCOME TAXES | NOTE 11 – INCOME TAXES The following table provides details of income taxes:
| Three months ended September 30,
(Dollar amounts in thousands) | 2017 |  | 2016
Income before income taxes | $ | 336,152 |  |  | $ | 222,220 |
Provision for income taxes | $ | 55,216 |  |  | $ | 44,119 |
Effective tax rate | 16.4 | % |  | 19.9 | %
The Company’s effective tax rate was lower during the three months ended September 30, 2017 compared to the three months ended September 30, 2016, primarily due to an increase in the proportion of the Company’s earnings generated in jurisdictions with tax rates lower than the U.S. statutory rate during the three months ended September 30, 2017. The Company is subject to United States federal income tax examination for all years beginning from the fiscal year ended June 30, 2014. The Company is subject to state income tax examinations for all years beginning from the fiscal year ended June 30, 2013. The Company is also subject to examinations in other major foreign jurisdictions, including Singapore, for all years beginning from the fiscal year ended June 30, 2013. The Company is under income tax examination in Israel for the fiscal years ended June 30, 2013 through June 30, 2016. The Company believes that adequate amounts have been reserved for any adjustments that may ultimately result from any examination of these years. It is possible that certain examinations may be concluded in the next twelve months. The Company believes that it may recognize up to $23.5 million of its existing unrecognized tax benefits within the next twelve months as a result of the lapse of statutes of limitations and the resolution of examinations with various tax authorities.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
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