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INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the combined Canadian federal and provincial income tax rate with our effective income tax rate is as follows:

			Year Ended June 30,
			2022						2021						2020
Expected statutory rate			26.50		%				26.50		%				26.50		%
Expected provision for income taxes			$	136,743					$	172,454					$	91,479
Effect of foreign tax rate differences			(4,578)						(4,309)						218
Change in valuation allowance			(2,444)						(5,900)						(222)
Effect of permanent differences			(12,710)						(1,885)						1,215
Effect of changes in unrecognized tax benefits			8,130						(86,170)						(19,284)
Effect of withholding taxes			6,617						8,500						8,036
Effect of tax credits for research and development			(12,330)						(16,086)						(14,947)
Effect of accrual for undistributed earnings			(6,343)						3,209						4,233
Effect of US BEAT			—						7,967						41,207
Effect of CARES Act			—						—						(7,009)
Effect of IRS Settlement			—						300,460						—
Impact of internal reorganization of subsidiaries			13,077						(33,676)						451
Other Items			(7,410)						(4,658)						5,460
			$	118,752					$	339,906					$	110,837

Schedule of Income before Income Tax, Domestic and Foreign

The following is a geographical breakdown of income before the provision for income taxes:

			Year Ended June 30,
			2022						2021						2020
Domestic income (loss)			435,355						462,315						241,862
Foreign income			80,656						188,455						103,343
Income before income taxes			$	516,011					$	650,770					$	345,205

Schedule of Components of Income Tax Expense (Benefit)

The provision for (recovery of) income taxes consisted of the following:

			Year Ended June 30,
			2022						2021						2020
Current income taxes (recoveries):
Domestic			17,428						310,615						12,547
Foreign			137,412						(43,748)						46,902
			154,840						266,867						59,449
Deferred income taxes (recoveries):
Domestic			54,867						111,232						68,580
Foreign			(90,955)						(38,193)						(17,192)
			(36,088)						73,039						51,388
Provision for (recovery of) income taxes			$	118,752					$	339,906					$	110,837

Schedule of Deferred Tax Assets and Liabilities

The primary components of the deferred tax assets and liabilities are as follows, for the periods indicated below:

			As of June 30,
			2022						2021
Deferred tax assets
Non-capital loss carryforwards			207,631						174,486
Capital loss carryforwards			—						5,570
Capitalized scientific research and development expenses			121,771						85,553
Depreciation and amortization			314,168						391,974
Restructuring costs and other reserves			19,561						24,919
Capitalized inventory and intangible expenses			43,129						—
Research and development and investment tax credits			104,183						97,157
Lease liabilities			40,486						40,598
Deferred revenue			9,288						11,388
Other			82,516						67,677
Total deferred tax asset			$	942,733					$	899,322
Valuation allowance			(73,965)						(72,888)
Deferred tax liabilities
Right of use asset			(31,452)						(35,038)
Other			(93,049)						(102,882)
Deferred tax liabilities			$	(124,501)					$	(137,920)
Net deferred tax asset			$	744,267					$	688,514
Comprised of:
Long-term assets			810,154						796,738
Long-term liabilities			(65,887)						(108,224)
			$	744,267					$	688,514

Schedule of Unrecognized Tax Benefits Roll Forward

The aggregate changes in the balance of our gross unrecognized tax benefits (including interest and penalties) were as follows:

Unrecognized tax benefits as of June 30, 2020			195,081
Increases on account of current year positions			1,279
Increases on account of prior year positions			773
Decreases due to settlements with tax authorities			(158,070)
Decreases due to lapses of statutes of limitations			(2,314)
Unrecognized tax benefits as of June 30, 2021			$	36,749
Increases on account of current year positions			206
Increases on account of prior year positions			27,398
Decreases on account of prior year positions			(694)
Decreases due to settlements with tax authorities			(3,830)
Decreases due to lapses of statutes of limitations			(5,703)
Unrecognized tax benefits as of June 30, 2022			$	54,126

Interest and Penalties Related to Liabilities for Income Tax Expense

For the year ended June 30, 2022, 2021 and 2020, respectively, we recognized the following amounts as income tax-related interest expense and penalties:

						Year Ended June 30,
						2022						2021						2020
Interest expense						$	419					$	44,657					$	5,764
Penalties expense						1,739						1,125						327
Total						$	2,158					$	45,782					$	6,091

Interest Accrued and Penalties Accrued Related to Income Tax Expense

The following amounts have been accrued on account of income tax-related interest expense and penalties:

			As of June 30, 2022						As of June 30, 2021
Interest expense accrued (1)			$	4,821					$	5,166
Penalties accrued (1)			$	3,569					$	2,605

___________________________________________

(1)These balances are primarily included within “Long-term income taxes payable” within the Consolidated Balance Sheets.

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