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INCOME TAXES (Tables)

12 Months Ended

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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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.

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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