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INCOME TAXES (Tables) | 12 Months Ended
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Jun. 30, 2014
Income Tax Disclosure [Abstract] |
Components of income before provision for income taxes | For financial reporting purposes, the components of income before provision for income taxes were as follows (in thousands):
|  | Years Ended June 30,
|  | 2014 |  | 2013 |  | 2012
Domestic |  | $ | 44,551 |  |  | $ | 17,860 |  |  | $ | 41,490 |
Foreign |  | 150,060 |  |  | 73,893 |  |  | 82,533 |
|  | $ | 194,611 |  |  | $ | 91,753 |  |  | $ | 124,023 |
Components of provision for income taxes | The components of the Company’s provision for income taxes consisted of the following (in thousands):
|  | Years Ended June 30,
|  | 2014 |  | 2013 |  | 2012
Current |  |  |  |  |  |
Foreign |  | $ | 2,451 |  |  | $ | 1,790 |  |  | $ | 2,040 |
Federal |  | 16,516 |  |  | 8,515 |  |  | 17,437 |
State |  | 109 |  |  | 581 |  |  | 2,854 |
Current tax expense |  | 19,076 |  |  | 10,886 |  |  | 22,331 |
Deferred |  |  |  |  |  |
Foreign |  | — |  |  | — |  |  | — |
Federal |  | (1,507 | ) |  | (130 | ) |  | (217 | )
State |  | 105 |  |  | 507 |  |  | (680 | )
Deferred tax expense |  | (1,402 | ) |  | 377 |  |  | (897 | )
Provision for income taxes |  | $ | 17,674 |  |  | $ | 11,263 |  |  | $ | 21,434 |
Significant components of deferred tax assets and liabilities | Significant components of the Company’s deferred tax assets and liabilities consisted of the following (in thousands):
|  | June 30,
|  | 2014 |  | 2013
Deferred tax assets |  |  |  |
Allowance for doubtful accounts |  | $ | 200 |  |  | $ | 337 |
Stock-based compensation |  | 1,038 |  |  | 833 |
Accrued expenses |  | 455 |  |  | 191 |
Research and development credits |  | 345 |  |  | — |
State tax |  | 570 |  |  | — |
Other |  | 353 |  |  | 323 |
Total deferred tax assets |  | 2,961 |  |  | 1,684 |
Deferred tax liabilities |  |  |  |
Basis difference for fixed assets |  | (477 | ) |  | (829 | )
Other |  | — |  |  | (118 | )
Total deferred tax liabilities |  | (477 | ) |  | (947 | )
Valuation allowance |  | (345 | ) |  | — |
Net deferred tax assets |  | $ | 2,139 |  |  | $ | 737 |
Effective to statutory income tax rate reconciliation | The effective tax rate differs from the applicable U.S. statutory federal income tax rate as follows:
|  | Years Ended June 30,
|  | 2014 |  | 2013 |  | 2012
Statutory rate |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
Stock-based compensation |  | 0.4 |  |  | 0.8 |  |  | — |
State tax expense |  | — |  |  | 0.7 |  |  | 1.0 |
Tax rate differential, foreign income |  | (25.3 | ) |  | (24.2 | ) |  | (23.0 | )
Federal research and development credits |  | (0.3 | ) |  | (0.4 | ) |  | — |
Other permanent items |  | (0.7 | ) |  | 0.4 |  |  | 4.3 |
Effective tax rate |  | 9.1 | % |  | 12.3 | % |  | 17.3 | %
Reconciliation of beginning and ending balances of unrecognized tax benefits | A reconciliation of the beginning and ending balances of the unrecognized tax benefits during the years ended June 30, 2014 2013 and 2012 consists of the following (in thousands):
|  | Years Ended June 30,
|  | 2014 |  | 2013 |  | 2012
|  | (In thousands)
Unrecognized benefit—beginning of period |  | $ | 11,455 |  |  | $ | 7,825 |  |  | $ | 2,020 |
Gross increases—current year tax positions |  | 3,871 |  |  | 3,806 |  |  | 4,697 |
Gross increases (decreases)—prior year tax positions |  | (213 | ) |  | (176 | ) |  | 1,108 |
Gross Decreases - prior year tax positions due to statue lapse |  | $ | (199 | ) |  |  |  |
Unrecognized benefit—end of period |  | $ | 14,914 |  |  | $ | 11,455 |  |  | $ | 7,825 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
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