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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2025
Income Tax Disclosure [Abstract] |
Schedule of Income Before Income Taxes Under the Jurisdictions | Income before income taxes for the years ended June 30, 2025, 2024 and 2023, was taxed under the following jurisdictions (in thousands):
| 2025 |  | 2024 |  | 2023
U.S. | $ | 359,741 |  |  | $ | 181,107 |  |  | $ | 128,589 |
Non-U.S. | 1,317,825 |  |  | 1,083,691 |  |  | 973,075 |
Income before income taxes | $ | 1,677,566 |  |  | $ | 1,264,798 |  |  | $ | 1,101,664 |
Schedule of Provision for Income Taxes | The provision for income taxes is presented below (in thousands):
|  | 2025 |  | 2024 |  | 2023
Current: | Federal | $ | 19,744 |  |  | $ | 57,103 |  |  | $ | 36,631 |
| State | 19,919 |  |  | 17,250 |  |  | 14,142 |
| Non-U.S. | 298,170 |  |  | 219,372 |  |  | 198,767 |
|  | 337,833 |  |  | 293,725 |  |  | 249,540 |
Deferred: | Federal | (5,701) |  |  | (22,915) |  |  | (21,721) |
| State | (1,231) |  |  | (4,632) |  |  | (2,389) |
| Non-U.S. | (54,058) |  |  | (22,331) |  |  | (21,322) |
|  | (60,990) |  |  | (49,878) |  |  | (45,432) |
Provision for income taxes |  | $ | 276,843 |  |  | $ | 243,847 |  |  | $ | 204,108 |
Schedule of Provision for Income Tax Differ From the Amount of Income Tax | The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. federal income tax rate of 21% for the years ended June 30, 2025, 2024 and 2023, to pretax income as a result of the following (in thousands):
| 2025 |  | 2024 |  | 2023
Taxes computed at statutory U.S. rate | $ | 352,289 |  |  | $ | 265,608 |  |  | $ | 231,349 |
Increase (decrease) in income taxes resulting from: |  |  |  |  |
State income taxes, net of U.S. tax benefit | 15,590 |  |  | 8,609 |  |  | 9,448 |
Research and development credit | (28,859) |  |  | (27,786) |  |  | (21,481) |
Change in valuation allowance | 20,644 |  |  | 849 |  |  | (5,007) |
Effect of non-U.S. tax rates | (12,225) |  |  | (15,838) |  |  | (3,982) |
Foreign tax credits | (3,896) |  |  | (8,293) |  |  | (3,988) |
Stock-based compensation expense | 1,735 |  |  | 4,875 |  |  | (6,282) |
Cessation of business | (35,847) |  |  | — |  |  | — |
Net refunds for prior tax years | (29,976) |  |  | — |  |  | — |
Other | (2,612) |  |  | 15,823 |  |  | 4,051 |
Provision for income taxes | $ | 276,843 |  |  | $ | 243,847 |  |  | $ | 204,108 |
Schedule of Deferred Tax Assets and Liabilities Classified as Current and Non-Current | We reported net deferred tax assets and liabilities in our consolidated balance sheets at June 30, 2025 and June 30, 2024, as follows (in thousands):
| 2025 |  | 2024
Non-current deferred tax asset | $ | 253,119 |  |  | $ | 203,569 |
Non-current deferred tax liability | (77,682) |  |  | (79,339) |
Net deferred tax asset | $ | 175,437 |  |  | $ | 124,230 |
Schedule of Components of Deferred Tax Assets and Liabilities | The components of our deferred tax assets and liabilities at June 30, 2025 and June 30, 2024, are as follows (in thousands):
| 2025 |  | 2024
Deferred tax assets: |  |  |
Employee liabilities | $ | 37,189 |  |  | $ | 35,336 |
Tax credit carry overs | 1,577 |  |  | 9,271 |
Inventories | 20,523 |  |  | 15,602 |
Provision for warranties | 5,997 |  |  | 6,112 |
Provision for doubtful debts | 4,942 |  |  | 5,340 |
Net operating loss carryforwards | 14,408 |  |  | 23,455 |
Capital loss carryover | 27,454 |  |  | 5,587 |
Stock-based compensation expense | 12,752 |  |  | 11,538 |
Deferred revenue | 31,289 |  |  | 28,030 |
Research and development capitalization | 132,043 |  |  | 125,411 |
Lease liabilities | 21,138 |  |  | 25,602 |
Hedging contracts | 94,626 |  |  | 56,324 |
State income taxes | 2,883 |  |  | 3,566 |
Other | 18,527 |  |  | 5,538 |
| 425,348 |  |  | 356,712 |
Less valuation allowance | (30,072) |  |  | (9,384) |
Deferred tax assets | 395,276 |  |  | 347,328 |
Deferred tax liabilities: |  |  |
Goodwill and other intangibles | (196,698) |  |  | (192,398) |
Right of use assets | (18,491) |  |  | (22,843) |
Property, plant and equipment | (4,650) |  |  | (7,857) |
Deferred tax liabilities | (219,839) |  |  | (223,098) |
Net deferred tax asset | $ | 175,437 |  |  | $ | 124,230 |

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