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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2021

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

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

			Year Ended June 30,
			2021						2020						2019
U.S.			$	2,546					$	(58,765)					$	(10,879)
Non-U.S.			(58,582)						61,768						137,791
Total			$	(56,036)					$	3,003					$	126,912

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

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

			Year Ended June 30,
			2021						2020						2019
Current:
U.S. Federal			$	(93)					$	(16,269)					$	84
U.S. State			546						213						1,130
Non-U.S.			28,205						22,361						26,862
Total current			28,658						6,305						28,076
Deferred:
U.S. Federal			(1,573)						12,980						(1,347)
U.S. State			(31)						3,213						(183)
Non-U.S.			(8,151)						(103,490)						6,886
Total deferred			(9,755)						(87,297)						5,356
Total			$	18,903					$	(80,992)					$	33,432

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

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

			Year Ended June 30,
			2021						2020						2019
U.S. federal statutory income tax rate			21.0		%				21.0		%				21.0		%
State taxes, net of federal effect			3.6						(130.1)						(1.0)
Tax rate differential on non-U.S. earnings			(21.8)						(408.4)						(7.2)
Swiss tax reform			—						(3,779.0)						—
Compensation related items			0.2						(420.7)						0.7
U.S. tax reform			—						(372.6)						3.7
Goodwill impairment			—						759.1						2.0
Change in valuation allowance			(30.8)						1,277.5						(1.7)
Irish foreign tax credit			10.0						262.3						(19.1)
Tax on repatriated earnings			(4.4)						154.1						8.0
Gain/loss on sale of subsidiary			—						(189.2)						—
Notional interest deduction (Italy)			1.6						(47.9)						(0.8)
Patent box (Italy)			—						(24.2)						(3.4)
Tax credits and incentives			4.0						(88.3)						(3.6)
Non-US tax rate changes			1.4						81.7						0.1
Business and withholding taxes			(0.4)						28.7						0.8
Uncertain tax positions			(1.1)						28.8						(0.1)
Nondeductible interest expense			(19.4)						157.4						1.3
Other non-deductible expenses			0.6						47.5						1.5
Tax on unremitted earnings			(1.0)						31.4						8.0
Change in tax residence			—						—						20.5
Changes to variable interest entities			—						—						(2.5)
Changes to derivative instruments			1.8						—						4.5
Other			1.0						(86.1)						(6.4)
Effective income tax rate			(33.7)		%				(2,697.0)		%				26.3		%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of our deferred income tax assets and liabilities consisted of the following at June 30, 2021 and 2020:

			June 30, 2021						June 30, 2020
Deferred tax assets:
Swiss tax reform amortizable goodwill			$	124,372					$	127,965
Net operating loss carryforwards			73,534						62,374
Leases			31,363						33,078
Depreciation and amortization			9,136						4,308
Accrued expenses			9,538						6,253
Share-based compensation			11,192						9,482
Credit and other carryforwards			39,109						29,216
Derivative financial instruments			8,226						6,739
Other			5,774						7,551
Subtotal			312,244						286,966
Valuation allowance			(113,917)						(91,575)
Total deferred tax assets			198,327						195,391
Deferred tax liabilities:
Depreciation and amortization			(28,187)						(41,017)
Leases			(24,920)						(30,433)
Investment in flow-through entity			(5,003)						(3,550)
Tax on unremitted earnings			(6,877)						(6,203)
Italy tax suspension reserve			(4,528)						—
Other			(6,627)						(4,502)
Total deferred tax liabilities			(76,142)						(85,705)
Net deferred tax assets			$	122,185					$	109,686

Summary of Valuation Allowance [Table Text Block]

A reconciliation of the beginning and ending amount of the valuation allowance for the year ended June 30, 2021 is as follows:

Balance at June 30, 2020			$	91,575
Charges to earnings (1)			17,214
Charges to other accounts (2)			5,128
Balance at June 30, 2021			$	113,917

_________________

(1) Amount is primarily related to increased U.S. and non-U.S. net operating losses, increased U.S. research and development credits, increased Irish foreign tax credits, and release of India valuation allowance.

(2) Amount is primarily related to increase in deferred tax assets on non-U.S. net operating losses due to currency exchange rate changes, acquired net operating losses recorded in purchase accounting, and unrealized losses on derivative financial instruments included in Accumulated Other Comprehensive Loss.

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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 valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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