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Income Taxes Income Taxes (Tables)

12 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Summary of income before income taxes by geography

The following is a summary of our income before taxes by geography:

	Year Ended June 30,
	2014				2013				2012
U.S.	$	14,382			$	8,730			$	10,851
Non-U.S.	42,228				32,002				44,994
Total	$	56,610			$	40,732			$	55,845

Components of the provision (benefit) for income taxes

The components of the provision (benefit) for income taxes are as follows:

	Year Ended June 30,
	2014				2013				2012
Current:
U.S. Federal	$	10,742			$	7,120			$	9,053
U.S. State	3,576				1,458				2,525
Non-U.S.	8,273				3,477				4,559
Total current	22,591				12,055				16,137
Deferred:
U.S. Federal	(3,754		)		(274		)		(2,151		)
U.S. State	(897		)		(163		)		(625		)
Non-U.S.	(7,350		)		(2,231		)		(1,510		)
Total deferred	(12,001		)		(2,668		)		(4,286		)
Total	$	10,590			$	9,387			$	11,851

Reconciliation of the standard U.S. statutory tax rate and the Company's effective tax rate

The following is a reconciliation of the standard U.S. statutory tax rate and our effective tax rate:

	Year Ended June 30,
	2014			2013			2012
U.S. federal statutory income tax rate	35.0	%		35.0	%		35.0	%
State taxes, net of federal effect	3.1			2.1			2.2
Tax rate differential on non-U.S. earnings	(19.3	)		(23.8	)		(21.3	)
Compensation related items	4.3			6.5			6.1
Increase in valuation allowance	4.8			5.0			1.6
Tax benefit from Canadian tax currency election	—			(4.7	)		—
Net tax (benefit) expense on IP transfer	(16.1	)		3.7			1.6
Nondeductible loss on investment in Namex	3.8			—			—
Other	3.1			(0.8	)		(4.0	)
Effective income tax rate	18.7	%		23.0	%		21.2	%

Compenents of deferred income tax assets and liabilities

Significant components of our deferred income tax assets and liabilities consist of the following at June 30, 2014 and 2013:

	Year Ended June 30,
	2014				2013
Deferred tax assets:
Net operating loss carryforwards	$	15,066			$	6,905
Depreciation and amortization	373				485
Accrued expenses	5,112				2,587
Share-based compensation	14,712				11,897
Credit and other carryforwards	146				638
Other	1,369				—
Subtotal	36,778				22,512
Valuation allowance	(6,890		)		(4,032		)
Total deferred tax assets	29,888				18,480
Deferred tax liabilities:
Depreciation and amortization	(35,639		)		(10,965		)
IP installment obligation	(16,557		)		(19,750		)
Other	(1,237		)		(248		)
Total deferred tax liabilities	(53,433		)		(30,963		)
Net deferred tax liabilities	$	(23,545	)		$	(12,483	)

Summary of reconciliation of the gross beginning and ending amount of unrecognized tax benefits

A reconciliation of the gross beginning and ending amount of unrecognized tax benefits is as follows:

Balance at June 30, 2012	$	6,320
Additions based on tax positions related to the current tax year	250
Reductions based on tax positions related to prior tax years	(234		)
Reductions due to audit settlements	(654		)
Balance at June 30, 2013	$	5,682
Additions based on tax positions related to the current tax year	152
Additions based on tax positions related to prior tax years	1,244
Reductions due to lapse of statute of limitations	(334		)
Balance at June 30, 2014	$	6,744

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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 tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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