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INCOME TAXES (Tables) | 12 Months Ended
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Jun. 30, 2024
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,
| 2024 |  | 2023 |  | 2022
Expected statutory rate | 26.50 | % |  | 26.50 | % |  | 26.50 | %
Expected provision for income taxes | $ | 193,263 |  |  | $ | 58,653 |  |  | $ | 136,743 |
Effect of foreign tax rate differences | (18,338) |  |  | (17,502) |  |  | (4,578) |
Change in valuation allowance | 71,328 |  |  | 16,218 |  |  | (2,444) |
Effect of permanent differences | 11,864 |  |  | 17,281 |  |  | (12,710) |
Effect of changes in unrecognized tax benefits | (4,570) |  |  | 857 |  |  | 8,130 |
Effect of withholding taxes | 18,680 |  |  | 12,464 |  |  | 6,617 |
Effect of tax credits | (84,244) |  |  | (45,596) |  |  | (12,330) |
Effect of accrual for undistributed earnings | (12,421) |  |  | 5,804 |  |  | (6,343) |
Effect of U.S. BEAT | 17,927 |  |  | 6,854 |  |  | — |
Impact of internal reorganizations | 59,761 |  |  | 8,822 |  |  | 13,077 |
Other items | 10,762 |  |  | 6,912 |  |  | (7,410) |
Provision for income taxes | $ | 264,012 |  |  | $ | 70,767 |  |  | $ | 118,752 |
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,
| 2024 |  | 2023 |  | 2022
Domestic income (loss) | 359,865 |  |  | 300,437 |  |  | 435,355 |
Foreign income (loss) | 369,431 |  |  | (79,104) |  |  | 80,656 |
Income before income taxes | $ | 729,296 |  |  | $ | 221,333 |  |  | $ | 516,011 |
Schedule of Components of Income Tax Expense (Benefit) | The provision for (recovery of) income taxes consisted of the following:
| Year Ended June 30,
| 2024 |  | 2023 |  | 2022
Current income taxes (recoveries): |  |  |  |  |
Domestic | 76,571 |  |  | 15,619 |  |  | 17,428 |
Foreign | 329,712 |  |  | 204,708 |  |  | 137,412 |
Total current income taxes (recoveries) | 406,283 |  |  | 220,327 |  |  | 154,840 |
Deferred income taxes (recoveries): |  |  |  |  |
Domestic | 17,205 |  |  | 17,461 |  |  | 54,867 |
Foreign | (159,476) |  |  | (167,021) |  |  | (90,955) |
Total deferred income taxes (recoveries) | (142,271) |  |  | (149,560) |  |  | (36,088) |
Provision for income taxes | $ | 264,012 |  |  | $ | 70,767 |  |  | $ | 118,752 |
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,
| 2024 |  | 2023
Deferred tax assets |  |  |
Non-capital loss carryforwards | $ | 750,895 |  |  | $ | 754,852 |
Capital loss carryforwards | 13,221 |  |  | 13,512 |
Interest expense carryforwards | 217,071 |  |  | 156,832 |
Capitalized scientific research and development expenses | 416,126 |  |  | 343,308 |
Restructuring costs and other reserves | 21,347 |  |  | 34,357 |
Capitalized inventory and intangible expenses | — |  |  | 52,345 |
Tax credits | 172,409 |  |  | 171,536 |
Lease liabilities | 36,343 |  |  | 48,378 |
Deferred revenue | 23,362 |  |  | 90,312 |
Share-based compensation | 40,188 |  |  | 37,692 |
Derivatives | 41,978 |  |  | 42,716 |
Other | 88,901 |  |  | 50,272 |
Total deferred tax asset | $ | 1,821,841 |  |  | $ | 1,796,112 |
Valuation allowance | (662,694) |  |  | (605,926) |
Deferred tax liabilities |  |  |
Depreciation and amortization | (233,219) |  |  | (546,024) |
Right of use assets | (21,173) |  |  | (31,933) |
Other | (120,730) |  |  | (109,465) |
Deferred tax liabilities | $ | (375,122) |  |  | $ | (687,422) |
Net deferred tax asset | $ | 784,025 |  |  | $ | 502,764 |
Comprised of: |  |  |
Long-term assets | 932,657 |  |  | 926,719 |
Long-term liabilities | (148,632) |  |  | (423,955) |
Net deferred tax asset | $ | 784,025 |  |  | $ | 502,764 |
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, 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 |
Increases on account of current year positions | 4,074 |
Increases on account of prior year positions | 16,558 |
Decreases on account of prior year positions | (3,338) |
Decreases due to settlements with tax authorities | (11,497) |
Decreases due to lapses of statutes of limitations | (4,160) |
Unrecognized tax benefits as of June 30, 2024 | $ | 180,365 |
______________________ (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, 2024, 2023 and 2022, respectively, we recognized the following amounts as income tax-related interest expense and penalties:
| Year Ended June 30,
| 2024 |  | 2023 |  | 2022
Interest expense (income) | $ | 7,778 |  |  | $ | (1,922) |  |  | $ | 419 |
Penalties expense | 964 |  |  | (21) |  |  | 1,739 |
Total | $ | 8,742 |  |  | $ | (1,943) |  |  | $ | 2,158 |
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, 2024 |  | As of June 30, 2023
Interest expense accrued (1) | $ | 19,976 |  |  | $ | 10,187 |
Penalties accrued (1) | $ | 4,295 |  |  | $ | 3,332 |
______________________ (1)These balances are primarily included within Long-term income taxes payable within the Consolidated Balance Sheets.

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