XML 64 R47.htm IDEA: XBRL DOCUMENT v3.7.0.1

INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2017

Income Tax Disclosure [Abstract]

Schedule of Income Loss Before Income Tax Expense

The domestic and foreign components of income before provision for income taxes are as follows (in thousands):

		Year ended June 30,
		2017				2016				2015
Domestic		$	231,982			$	207,641			$	187,332
Foreign			16,637				15,971				14,190
Income before income taxes		$	248,619			$	223,612			$	201,522

Schedule of Components of Income Tax Expense

The components of income tax expense are as follows (in thousands):

		Year ended June 30,
		2017				2016				2015
Current:
Federal		$	54,425			$	54,507			$	37,159
State and local			11,334				9,401				8,080
Foreign			4,041				3,337				3,066
Total current			69,800				67,245				48,305
Deferred:
Federal			13,076				11,978				23,261
State and local			2,917				2,028				3,964
Foreign			(845	)			(438	)			(203	)
Total deferred			15,148				13,568				27,022
Total income tax expense		$	84,948			$	80,813			$	75,327

Schedule of Effective Income Tax Rate Reconciliation

Income tax expense differs from the amounts computed by applying the statutory U.S. income tax rate of 35 percent as a result of the following (in thousands):

		Year ended June 30,
		2017				2016				2015
Expected tax expense computed at federal rate		$	87,017			$	78,264			$	70,533
State and local taxes, net of federal benefit			9,263				7,429				7,828
Nonincludible and nondeductible items, net			1,087				2,936				2,166
Effect of foreign tax rates			(2,320	)			(2,308	)			(2,135	)
R&D tax credit			(4,894	)			(135	)			(77	)
Other tax credits			(1,321	)			(1,744	)			(1,261	)
ASU 2016-09 share-based compensation			(1,390	)			(1,061	)			—
Domestic manufacturing deduction and other			(2,494	)			(2,568	)			(1,727	)
Total income tax expense		$	84,948			$	80,813			$	75,327

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to deferred taxes are presented below (in thousands):

		June 30,
		2017				2016
Deferred tax assets:
Deferred compensation and post-retirement obligations		$	37,257			$	35,724
Reserves and accruals			40,058				39,903
Stock-based compensation			13,599				9,833
Interest rate swap			—				8,505
Deferred rent			6,091				5,765
Other			2,000				8,353
Total deferred tax assets			99,005				108,083
Deferred tax liabilities:
Goodwill and other intangible assets			(337,849	)			(320,811	)
Unbilled revenue			(20,913	)			(18,740	)
Prepaid expenses			(4,554	)			(8,308	)
Interest rate swap			(963	)			—
Other			(8,046	)			(8,682	)
Total deferred tax liabilities			(372,325	)			(356,541	)
Net deferred tax liability		$	(273,320	)		$	(248,458	)

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized benefits is shown in the table below (in thousands):

		Year ended June 30,
		2017				2016				2015
Beginning of year		$	398			$	6,220			$	9,636
Additions based on current year tax positions			1,475				89				1,468
Reductions based on changes to prior year tax positions			—				—				(3,522	)
Lapse of statute of limitations			(234	)			(128	)			(1,344	)
Settlement with taxing authorities			—				(5,783	)			(18	)
End of year		$	1,639			$	398			$	6,220

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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=96868398&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=84230637&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration