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INCOME TAXES (Tables) | 12 Months Ended
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Jun. 30, 2016
Income Tax Disclosure [Abstract] |
Income before Income Tax | The components of (loss) income from continuing operations before income taxes are as follows (in thousands):
|  | For the Year Ended June 30, |
|  | 2016 |  | 2015 |  | 2014 |
U.S. |  | $ | (131,615) |  | $ | 33,693 |  | $ | 58,539 |
Foreign |  |  | 114,317 |  |  | 119,967 |  |  | 120,828 |
Total |  | $ | (17,298) |  | $ | 153,660 |  | $ | 179,367 |
Income Tax Provisions (Benefits) | The income tax (benefits) provisions related to the above results are as follows (in thousands):
|  | For the Year Ended June 30, |
|  | 2016 |  | 2015 |  | 2014 |
Income Tax (Benefit) Provision: |  |  |  |  |  |  |  |  |  |
Current Tax Provision |  |  |  |  |  |  |  |  |  |
U.S. Federal |  | $ | 20,226 |  | $ | 10,146 |  | $ | 32,660 |
State and Local |  |  | 4,295 |  |  | 2,756 |  |  | 5,133 |
Foreign |  |  | 2,685 |  |  | 2,602 |  |  | 1,240 |
Total Current |  |  | 27,206 |  |  | 15,504 |  |  | 39,033 |
Deferred Tax (Benefit) Provision: |  |  |  |  |  |  |  |  |  |
U.S. Federal |  |  | (40,457) |  |  | (45) |  |  | (9,545) |
State and Local |  |  | (5,441) |  |  | (486) |  |  | (4,447) |
Foreign |  |  | 4,150 |  |  | 3,564 |  |  | 2,658 |
Total Deferred |  |  | (41,748) |  |  | 3,033 |  |  | (11,334) |
Income Tax (Benefit) Provision |  | $ | (14,542) |  | $ | 18,537 |  | $ | 27,699 |
Income Tax Provisions Computed using Statutory U.S. Federal Rate | The income tax (benefit) provisions differ from those that would be computed using the statutory U.S. federal rate as a result of the following items (in thousands):
|  | For the Year Ended June 30, |
|  | 2016 |  | 2015 |  | 2014 |
Income Tax at Statutory Rate |  | $ | (6,054) |  | 35.0 | % | $ | 53,787 |  | 35.0 | % | $ | 62,778 |  | 35.0 | %
Lower Rates on Foreign Operations |  |  | (33,213) |  | 192.0 | % |  | (36,428) |  | (23.7) | % |  | (36,675) |  | (20.4) | %
State Income Taxes |  |  | (1,012) |  | 5.9 | % |  | 2,320 |  | 1.5 | % |  | 3,405 |  | 1.9 | %
Nondeductible Tax Items |  |  | 2,080 |  | (12.0) | % |  | 953 |  | 0.6 | % |  | (1,037) |  | (0.6) | %
Nondeductible Goodwill |  |  | 23,957 |  | (138.5) | % |  | - |  | 0.0 | % |  | - |  | 0.0 | %
Other |  |  | (300) |  | 1.7 | % |  | (2,095) |  | (1.3) | % |  | (772) |  | (0.5) | %
Income Tax (Benefit) Provision |  | $ | (14,542) |  | 84.1 | % | $ | 18,537 |  | 12.1 | % | $ | 27,699 |  | 15.4 | %
Deferred Tax Assets (Liabilities) | Deferred income tax assets (liabilities) result primarily from temporary differences in the recognition of various expenses for tax and financial statement purposes, and from the recognition of the tax benefits of net operating loss carryforwards. These assets and liabilities are composed of the following (in thousands):
|  | For the Year Ended June 30, |
|  | 2016 |  | 2015 |  | 2014 |
Loss and Credit Carryforwards, Net |  | $ | 24,213 |  | $ | 21,544 |  | $ | 13,371 |
Employee Benefits |  |  | 17,820 |  |  | 17,852 |  |  | 21,853 |
Stock-Based Payments |  |  | 21,239 |  |  | 17,136 |  |  | 16,606 |
Deferred Rent |  |  | 22,135 |  |  | 24,102 |  |  | 22,145 |
Receivable Reserve |  |  | 20,158 |  |  | 20,043 |  |  | 23,036 |
Restructuring Reserve |  |  | 18,820 |  |  | 8,903 |  |  | 8,618 |
Other Reserves |  |  | 3,978 |  |  | 3,519 |  |  | 3,068 |
Less: Valuation Allowance |  |  | (8,624) |  |  | (10,552) |  |  | (9,002) |
Gross Deferred Tax Assets |  |  | 119,739 |  |  | 102,547 |  |  | 99,695 |
Depreciation |  |  | (24,217) |  |  | (25,860) |  |  | (34,398) |
Amortization of Intangible Assets |  |  | (72,850) |  |  | (91,321) |  |  | (73,539) |
Gross Deferred Tax Liability |  |  | (97,067) |  |  | (117,181) |  |  | (107,937) |
Net Deferred Taxes |  | $ | 22,672 |  | $ | (14,634) |  | $ | (8,242) |
Changes in Unrecognized Tax Benefits | The changes in our unrecognized tax benefits were (in millions):
|  | For the Year Ended June 30, |
|  | 2016 |  | 2015 |  | 2014 |
Beginning Balance, July 1 |  | $ | 8.5 |  | $ | 9.1 |  | $ | 9.0 |
Increases from Positions Taken During Prior Periods |  |  | 0.3 |  |  | 3.2 |  |  | 0.6 |
Decreases from Positions Taken During Prior Periods |  |  | (1.7) |  |  | (4.4) |  |  | (1.3) |
Increases from Positions Taken During the Current Period |  |  | 0.4 |  |  | 0.6 |  |  | 0.8 |
Ending Balance, June 30 |  | $ | 7.5 |  | $ | 8.5 |  | $ | 9.1 |

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