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Note 11 - Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2020
Notes Tables |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | Year Ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 201 8 |
Domestic |  | $ | 245,365 |  |  | $ | 64,081 |  |  | $ | 81,557 |
Foreign |  |  | 31,112 |  |  |  | 47,934 |  |  |  | 44,395 |
Income before income taxes |  | $ | 276,477 |  |  | $ | 112,015 |  |  | $ | 125,952 |
|  | Year Ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 201 8 |
Taxes on income consist of: |  |  |  |  |  |  |  |  |  |  |  |
Currently tax provision: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 18,976 |  |  | $ | 16,090 |  |  | $ | 28,416 |
State |  |  | 6,018 |  |  |  | 544 |  |  |  | 5,315 |
Foreign |  |  | 8,580 |  |  |  | 13,329 |  |  |  | 11,983 |
Total current tax provision |  |  | 33,574 |  |  |  | 29,963 |  |  |  | 45,714 |
Deferred tax provision: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 14,074 |  |  |  | (6,903 | ) |  |  | (40,378 | )
State |  |  | 2,055 |  |  |  | (3,977 | ) |  |  | (1,381 | )
Foreign |  |  | (2,522) |  |  |  | (3,142 | ) |  |  | (4,154 | )
Total deferred tax provision |  |  | 13,607 |  |  |  | (14,021 | ) |  |  | (45,912 | )
Total income tax provision |  | $ | 47,181 |  |  | $ | 15,943 |  |  | $ | (198 | )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Year Ended June 30, |
|  | 2020 |  |  | 201 9 |  |  | 201 8 |
Income tax expense at federal statutory rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 28.1 | %
State income taxes, net of federal benefit |  |  | 2.3 | % |  |  | 0.8 | % |  |  | 2.5 | %
Qualified production activity deduction |  |  | - | % |  |  | - | % |  |  | (2.4 | )%
Research and development tax credit |  |  | (0.7 | )% |  |  | (1.6 | )% |  |  | (1.4 | )%
Contingent consideration adjustment |  |  | (0.2 | )% |  |  | (0.4 | )% |  |  | 3.3 | %
Foreign tax rate differences |  |  | (0.2 | )% |  |  | 0.2 | % |  |  | (3.5 | )%
Option exercises |  |  | (5.7 | )% |  |  | (5.8 | )% |  |  | (1.8 | )%
Domestic tax legislation changes |  |  | - |  |  |  | 1.7 | % |  |  | (26.2 | )%
State apportionment changes |  |  | - |  |  |  | (2.3 | )% |  |  | - |
Executive compensation limitations |  |  | 1.6 | % |  |  | 0.4 | % |  |  | - |
Other, net |  |  | (1.0 | )% |  |  | 0.2 | % |  |  | 1.2 | %
Effective tax rate |  |  | 17.1 | % |  |  | 14.2 | % |  |  | (0.2 | )%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | June 30 |
|  | 2020 |  |  | 201 9 |
Inventory |  | $ | 7,769 |  |  | $ | 7,743 |
Net operating loss carryovers |  |  | 25,707 |  |  |  | 33,294 |
Tax credit carryovers |  |  | 9,568 |  |  |  | 9,640 |
Excess tax basis in equity investments |  |  | 2,423 |  |  |  | 3,433 |
Deferred compensation |  |  | 10,755 |  |  |  | 10,333 |
Derivative - cash flow hedge |  |  | 4,058 |  |  |  | 2,921 |
Lease liability |  |  | 16,256 |  |  |  | - |
Other |  |  | 4,340 |  |  |  | 5,207 |
Valuation allowance |  |  | (7,523 | ) |  |  | (6,974 | )
Deferred tax assets |  |  | 73,353 |  |  |  | 65,597 |
Net unrealized gain on available-for-sale investments |  |  | (19,102 | ) |  |  | (4,542 | )
Intangible asset amortization |  |  | (128,279 | ) |  |  | (141,998 | )
Depreciation |  |  | (10,764 | ) |  |  | (8,371 | )
Right of use asset |  |  | (15,118 | ) |  |  | - |
Other |  |  | (1,180 | ) |  |  | (440 | )
Deferred tax liabilities |  |  | (174,443 | ) |  |  | (155,351 | )
Net deferred tax liabilities |  | $ | (101,090 | ) |  | $ | (89,754 | )
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
|  | Year Ended June 30, |
|  | 2020 |  |  | 201 9 |  |  | 201 8 |
Beginning balance |  | $ | 5,032 |  |  | $ | 1,947 |  |  | $ | 1,747 |
Additions due to acquisitions |  |  | - |  |  |  | 900 |  |  |  | - |
Additions for tax positions of current year |  |  | 306 |  |  |  | 2,185 |  |  |  | 35 |
Closure of tax years |  |  | (1,041 | ) |  |  | - |  |  |  | - |
Tax reform |  |  | - |  |  |  | - |  |  |  | 165 |
Ending balances |  | $ | 4,297 |  |  | $ | 5,032 |  |  | $ | 1,947 |

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- 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://fasb.org/us-gaap/role/ref/legacyRef -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
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