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INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2019

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,
		2019				2018				2017
Domestic		$	308,922			$	279,360			$	231,982
Foreign			18,987				19,304				16,637
Income before income taxes		$	327,909			$	298,664			$	248,619

Schedule of Components of Income Tax Expense (Benefit)

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

		Year Ended June 30,
		2019				2018				2017
Current:
Federal		$	41,675			$	56,467			$	54,425
State and local			17,606				13,006				11,334
Foreign			4,033				5,344				4,041
Total current			63,314				74,817				69,800
Deferred:
Federal			(27	)			(80,395	)			13,076
State and local			(877	)			3,481				2,917
Foreign			(105	)			(410	)			(845	)
Total deferred			(1,009	)			(77,324	)			15,148
Total income tax (benefit) expense		$	62,305			$	(2,507	)		$	84,948

Schedule of Effective Income Tax Rate Reconciliation

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

		Year Ended June 30,
		2019				2018				2017
Expected tax expense computed at federal statutory rate (1)		$	68,861			$	83,805			$	87,017
State and local taxes, net of federal benefit			13,216				11,860				9,263
Nonincludible and nondeductible items, net			1,971				1,832				1,087
Remeasurement of deferred taxes and transition tax			(2,182	)			(86,593	)			—
Effect of foreign tax rates			(380	)			(1,261	)			(2,320	)
R&D tax credit			(6,755	)			(3,630	)			(4,894	)
Other tax credits			(2,138	)			(2,102	)			(1,321	)
ASU 2016-09 share-based compensation			(7,493	)			(5,388	)			(1,390	)
Other			(2,795	)			(1,030	)			(2,494	)
Total income tax (benefit) expense		$	62,305			$	(2,507	)		$	84,948

(1) The U.S. federal statutory income tax rate for FY2019 is 21.0 percent.  The federal statutory rate for FY2018 was a blended rate of 28.06 percent due to the TCJA.  The federal statutory rate for FY2017 was 35.0 percent.

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,
		2019				2018
Deferred tax assets:
Deferred compensation and post-retirement obligations		$	29,206			$	27,842
Reserves and accruals			30,205				30,180
Stock-based compensation			9,881				7,793
Deferred rent			4,876				3,750
Interest rate swap			2,688				—
Total deferred tax assets			76,856				69,565
Deferred tax liabilities:
Goodwill and other intangible assets			(257,762	)			(238,020	)
Unbilled revenue			(17,640	)			(17,363	)
Prepaid expenses			(2,974	)			(3,991	)
Interest rate swap			—				(3,701	)
Other			(3,819	)			(7,370	)
Total deferred tax liabilities			(282,195	)			(270,445	)
Net deferred tax liability		$	(205,339	)		$	(200,880	)

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,
		2019				2018				2017
Beginning of year		$	4,122			$	1,639			$	398
Additions based on current year tax positions			676				2,483				1,475
Lapse of statute of limitations			(164	)			—				(234	)
Reductions based on prior tax year positions			(3,104	)			—				—
Settlement with taxing authorities			—				—				—
End of year		$	1,530			$	4,122			$	1,639

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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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