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Income Taxes (Tables)

12 Months Ended

Jun. 30, 2022

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,
			2022						2021						2020
U.S.			$	(7,299)					$	2,689					$	(58,844)
Non-U.S.			16,630						(66,243)						61,846
Total			$	9,331					$	(63,554)					$	3,003

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,
			2022						2021						2020
Current:
U.S. Federal			$	526					$	(93)					$	(16,269)
U.S. State			568						546						213
Non-U.S.			36,932						28,205						22,361
Total current			38,026						28,658						6,305
Deferred:
U.S. Federal			(3,566)						(1,573)						12,980
U.S. State			12						(31)						3,213
Non-U.S.			25,429						(8,151)						(103,490)
Total deferred			21,875						(9,755)						(87,297)
Total			$	59,901					$	18,903					$	(80,992)

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,
			2022						2021						2020
U.S. federal statutory income tax rate			21.0		%				21.0		%				21.0		%
State taxes, net of federal effect			(11.1)						3.1						(130.1)
Tax rate differential on non-U.S. earnings			97.1						(20.3)						(408.4)
Swiss tax reform			—						—						(3,779.0)
Compensation related items			21.9						0.2						(420.7)
U.S. tax reform			—						—						(372.6)
Goodwill impairment			—						—						759.1
Change in valuation allowance			363.7						(27.2)						1,277.5
Irish foreign tax credit			(46.8)						8.8						262.3
Tax on repatriated earnings			39.2						(3.9)						154.1
Gain/loss on sale of subsidiary			—						—						(189.2)
Notional interest deduction (Italy)			(8.8)						1.4						(47.9)
Patent box (Italy)			(12.0)						—						(24.2)
Tax credits and incentives			(23.7)						4.2						(88.3)
Non-US tax rate changes			57.6						1.2						81.7
Irish tax restructuring			(13.4)						—						—
U.S. global intangible low-taxed income (GILTI)			10.2						(0.3)						—
U.S. foreign-derived intangible income (FDII)			(6.8)						—						—
Net tax (benefit) expense on intellectual property transfer			(10.4)						—						16.4
Tax loss carryforward expirations			4.8						(0.5)						7.4
Business and withholding taxes			5.1						(0.4)						28.7
Uncertain tax positions			35.9						(1.0)						28.8
Nondeductible interest expense			52.7						(18.6)						157.4
Other non-deductible expenses			7.1						0.5						47.5
Tax on unremitted earnings			0.1						(0.9)						31.4
Changes to derivative instruments			73.5						0.1						—
Other			(14.9)						2.9						(109.9)
Effective income tax rate			642.0		%				(29.7)		%				(2,697.0)		%

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, 2022 and 2021:

			June 30, 2022						June 30, 2021
Deferred tax assets:
Swiss tax reform amortizable goodwill			$	123,893					$	133,879
Net operating loss carryforwards			71,820						73,574
Leases			24,952						31,363
Depreciation and amortization			3,736						9,136
Accrued expenses			12,244						9,538
Share-based compensation			16,090						11,192
Credit and other carryforwards			47,405						41,222
Derivative financial instruments			—						5,745
Other			1,120						3,661
Subtotal			301,260						319,310
Valuation allowance			(134,660)						(111,476)
Total deferred tax assets			166,600						207,834
Deferred tax liabilities:
Depreciation and amortization			(32,595)						(37,694)
Leases			(21,049)						(24,920)
Investment in flow-through entity			(7,031)						(5,003)
Tax on unremitted earnings			(6,692)						(6,877)
Derivative financial instruments			(19,703)						—
Italy tax suspension reserve			—						(4,528)
Other			(7,584)						(6,627)
Total deferred tax liabilities			(94,654)						(85,649)
Net deferred tax assets			$	71,946					$	122,185

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, 2022 is as follows:

Balance at June 30, 2021			$	111,476
Charges to earnings (1)			33,859
Charges to other accounts (2)			(10,676)
Balance at June 30, 2022			$	134,659

_________________

(1) Amount is primarily related to partial Swiss valuation allowance, increased non-U.S. net operating losses, increased U.S. research and development credits and share-based compensation, increased Irish foreign tax credits, increased interest limitation carryforwards and release of valuation allowances in France, Ireland and the U.S.

(2) Amount is primarily related to decreases in deferred tax assets on non-U.S. net operating losses due to currency exchange rate changes and unrealized gains 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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