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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) before Income Tax, Domestic and Foreign

Income (loss) before income taxes is as follows (in thousands):

		Year Ended
		June 30,				June 30,				June 30,
		2024				2023				2022
Domestic		$	(72,684	)		$	(2,179	)		$	(1,204	)
Foreign			(4,815	)			96,285				53,398
Income (loss) before income taxes		$	(77,499	)		$	94,106			$	52,194

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes for the years ended June 30, 2024, 2023 and 2022 consisted of the following (in thousands):

		Year Ended
		June 30,				June 30,				June 30,
		2024				2023				2022
Current:
Federal		$	1,340			$	3,221			$	—
State			246				3,640				1,069
Foreign			6,843				9,086				6,460
Total current			8,429				15,947				7,529
Deferred:
Federal			404				368				396
State			252				433				227
Foreign			(620	)			(716	)			(229	)
Total deferred			36				85				394
Provision for income taxes		$	8,465			$	16,032			$	7,923

Schedule of Effective Income Tax Rate Reconciliation

The difference between the provision for income taxes and the amount computed by applying the federal statutory income tax rate (21 percent) to income before income taxes is explained below (in thousands):

		Year Ended
		June 30,				June 30,				June 30,
		2024				2023				2022
Tax at federal statutory rate		$	(16,275	)		$	19,762			$	10,960
State income tax, net of federal benefit			194				3,003				844
Global intangible low-taxed income			10,595				22,721				15,470
US valuation allowance change – deferred tax movement			18,199				(24,682	)			(15,264	)
Research and development credits			(7,746	)			(1,503	)			(3,122	)
Tax impact of foreign earnings			4,399				(5,627	)			(3,762	)
Foreign withholding taxes			2,943				1,082				1,032
Stock based compensation			(8,551	)			(1,980	)			(5,011	)
Goodwill amortization			549				730				525
Nondeductible officer compensation			8,667				4,582				5,691
Nondeductible meals and entertainment			319				324				193
Foreign tax credits			(4,828	)			(2,380	)			367
Provision for income taxes		$	8,465			$	16,032			$	7,923

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets are as follows (in thousands):

		June 30,
		2024				2023
Deferred tax assets:
Net operating loss carry-forwards		$	19,634			$	21,553
Tax credit carry-forwards			62,936				57,841
Depreciation			3,477				1,899
Intangible amortization			19,846				20,652
Deferred revenue			25,171				19,698
Inventory write-downs			13,819				13,616
Other allowances and accruals			33,031				38,391
Stock based compensation			7,445				6,332
Deferred intercompany gain			3,690				3,693
Ireland goodwill amortization			4,142				4,862
Capitalization of research and development			37,912				19,062
Operating lease liability			8,560				6,303
Other			858				634
Total deferred tax assets			240,521				214,536
Valuation allowance			(218,375	)			(195,297	)
Total net deferred tax assets			22,146				19,239
Deferred tax liabilities:
Goodwill amortization			(14,403	)			(12,471	)
Operating lease right of use asset			(6,906	)			(4,543	)
Prepaid commissions			(3,499	)			(4,899	)
Deferred tax liability on foreign withholdings			(854	)			(747	)
Total deferred tax liabilities			(25,662	)			(22,660	)
Net deferred tax liabilities		$	(3,516	)		$	(3,421	)
Recorded as:
Net non-current deferred tax assets			4,462				4,326
Net non-current deferred tax liabilities			(7,978	)			(7,747	)
Net deferred tax liabilities		$	(3,516	)		$	(3,421	)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of total unrecognized tax benefits is as follows (in thousands):

Balance at June 30, 2022		$	18,367
Decrease related to prior year tax positions			(21	)
Increase related to prior year tax positions			1
Increase related to current year tax positions			15
Lapse of statute of limitations			(65	)
Balance at June 30, 2023		$	18,297
Decrease related to prior year tax positions			(25	)
Increase related to prior year tax positions			—
Increase related to current year tax positions			20
Lapse of statute of limitations			(75	)
Balance at June 30, 2024		$	18,217

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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.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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