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INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2023

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,
			2023						2022						2021
Expected statutory rate			26.50		%				26.50		%				26.50		%
Expected provision for income taxes			$	58,653					$	136,743					$	172,454
Effect of foreign tax rate differences			(17,502)						(4,578)						(4,309)
Change in valuation allowance			16,218						(2,444)						(5,900)
Effect of permanent differences			17,281						(12,710)						(1,885)
Effect of changes in unrecognized tax benefits			857						8,130						(86,170)
Effect of withholding taxes			12,464						6,617						8,500
Effect of tax credits			(45,596)						(12,330)						(16,086)
Effect of accrual for undistributed earnings			5,804						(6,343)						3,209
Effect of US BEAT			6,854						—						7,967
Effect of IRS Settlement			—						—						300,460
Impact of internal reorganizations			8,822						13,077						(33,676)
Other items			6,912						(7,410)						(4,658)
Provision for income taxes			$	70,767					$	118,752					$	339,906

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,
			2023						2022						2021
Domestic income (loss)			300,437						435,355						462,315
Foreign income (loss)			(79,104)						80,656						188,455
Income before income taxes			$	221,333					$	516,011					$	650,770

Schedule of Components of Income Tax Expense (Benefit)

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

			Year Ended June 30,
			2023						2022						2021
Current income taxes (recoveries):
Domestic			15,619						17,428						310,615
Foreign			204,708						137,412						(43,748)
Total current income taxes (recoveries)			220,327						154,840						266,867
Deferred income taxes (recoveries):
Domestic			17,461						54,867						111,232
Foreign			(167,021)						(90,955)						(38,193)
Total deferred income taxes (recoveries)			(149,560)						(36,088)						73,039
Provision for income taxes			$	70,767					$	118,752					$	339,906

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,
			2023						2022
Deferred tax assets
Non-capital loss carryforwards			$	754,852					$	207,631
Capital loss carryforwards			13,512						—
Interest expense carryforwards			156,832						—
Capitalized scientific research and development expenses			343,308						121,771
Depreciation and amortization			—						314,168
Restructuring costs and other reserves			34,357						19,561
Capitalized inventory and intangible expenses			52,345						43,129
Tax credits			171,536						126,920
Lease liabilities			48,378						40,486
Deferred revenue			90,312						9,288
Share-based compensation			37,692						29,239
Derivatives			42,716						—
Other			50,272						30,540
Total deferred tax asset			$	1,796,112					$	942,733
Valuation allowance			(605,926)						(73,965)
Deferred tax liabilities
Depreciation and amortization			(546,024)						—
Right of use assets			(31,933)						(31,452)
Other			(109,465)						(93,049)
Deferred tax liabilities			$	(687,422)					$	(124,501)
Net deferred tax asset			$	502,764					$	744,267
Comprised of:
Long-term assets			926,719						810,154
Long-term liabilities			(423,955)						(65,887)
Net deferred tax asset			$	502,764					$	744,267

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, 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
Increases on account of current year positions			8,118
Increases on account of prior year positions (1)			138,062
Decreases on account of prior year positions			(2,086)
Decreases due to settlements with tax authorities			(4,485)
Decreases due to lapses of statutes of limitations			(15,007)
Unrecognized tax benefits as of June 30, 2023			$	178,728

__________________________________

(1)The increase in unrecognized tax benefits is primarily driven by the assumption of unrecognized tax benefits related to the Micro Focus Acquisition.

Schedule of Interest and Penalties Related to Liabilities for Income Tax Expense

For the year ended June 30, 2023, 2022 and 2021, respectively, we recognized the following amounts as income tax-related interest expense and penalties:

						Year Ended June 30,
						2023						2022						2021
Interest expense (income)						$	(1,922)					$	419					$	44,657
Penalties expense						(21)						1,739						1,125
Total						$	(1,943)					$	2,158					$	45,782

Schedule of 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, 2023						As of June 30, 2022
Interest expense accrued (1)			$	10,187					$	4,821
Penalties accrued (1)			$	3,332					$	3,569

__________________________________

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

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