XML 66 R49.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2018
Income Taxes [Abstract] |
Components Of Income Before Income Taxes |
|  | 2018 |  |  | 2017 |  |  | 2016 |
South Africa | $ | 98,893 |  | $ | 129,786 |  | $ | 119,097 |
United States |  | (15,329 | ) |  | (20,902 | ) |  | (5,915 | )
Other |  | (15,671 | ) |  | 5,572 |  |  | 13,055 |
Income before income taxes | $ | 67,893 |  | $ | 114,456 |  | $ | 126,237 |
Provision For Income Taxes By Location Of Taxing Jurisdiction |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Current income tax | $ | 95,529 |  | $ | 45,857 |  | $ | 88,807 |
South Africa |  | 35,745 |  |  | 35,986 |  |  | 31,815 |
United States |  | 55,788 |  |  | 4,686 |  |  | 50,750 |
Other |  | 3,996 |  |  | 5,185 |  |  | 6,242 |
Deferred taxation (benefit) charge |  | 1,293 |  |  | (40 | ) |  | (161 | )
South Africa |  | 2,528 |  |  | (473 | ) |  | 3,044 |
United States |  | 477 |  |  | 1,123 |  |  | (274 | )
Other |  | (1,712 | ) |  | (690 | ) |  | (2,931 | )
Foreign tax credits generated – United States |  | (55,778 | ) |  | (3,345 | ) |  | (46,566 | )
Change in tax rate – United States |  | 309 |  |  | - |  |  | - |
Income tax provision | $ | 41,353 |  | $ | 42,472 |  | $ | 42,080 |
Reconciliation Of Income Taxes |
| 2018 |  | 2017 |  | 2016 |
Income tax rate reconciliation: |  |  |  |  |  |
Income taxes at fully-distributed South African tax rates | 28.00 | % | 28.00 | % | 28.00 | %
Non-deductible items | 22.35 | % | 1.01 | % | 0.38 | %
Foreign tax rate differential | (0.96 | %) | 0.00 | % | 7.42 | %
Transition Tax | 81.88 | % | - | % | - | %
Foreign tax credits | (82.17 | %) | (0.05 | %) | (36.88 | %)
Indirect foreign tax credits repealed | 48.07 | % | - | % | - | %
Taxation on deemed dividends in the United States | 2.84 | % | 8.00 | % | 34.60 | %
Movement in valuation allowance | (39.22 | %) | 0.07 | % | (0.09 | %)
Change in tax laws – United States | 0.16 | % | - | % | - | %
Prior year adjustments | (0.03 | %) | 0.07 | % | (0.09 | %)
Income tax provision | 60.92 | % | 37.10 | % | 33.34 | %
Schedule Of Deferred Tax Assets And Liabilities |
|  | 2018 |  |  | 2017 |
Total deferred tax assets |  |  |  |  |  |
Net operating loss carryforwards | $ | 11,339 |  | $ | 4,946 |
Provisions and accruals |  | 6,384 |  |  | 4,413 |
FTS patent |  | 367 |  |  | 475 |
Intangible assets |  | 687 |  |  | 829 |
Foreign tax credits |  | 10 |  |  | 32,574 |
Other |  | 7,779 |  |  | 5,717 |
Total deferred tax assets before valuation allowance |  | 26,566 |  |  | 48,954 |
Valuation allowances |  | (16,057 | ) |  | (38,967 | )
Total deferred tax assets, net of valuation allowance |  | 10,509 |  |  | 9,987 |
Total deferred tax liabilities: |  |  |  |  |  |
Intangible assets |  | 35,541 |  |  | 9,141 |
Investments |  | 6,772 |  |  | - |
Other |  | 8,490 |  |  | 6,655 |
Total deferred tax liabilities |  | 50,803 |  |  | 15,796 |
Reported as |  |  |  |  |  |
Current deferred tax assets |  | - |  |  | 5,330 |
Long-term deferred tax assets |  | 6,312 |  |  | - |
Long-term deferred tax liabilities |  | 46,606 |  |  | 11,139 |
Net deferred income tax liabilities | $ | 40,294 |  | $ | 5,809 |
Movement In Valuation Allowance |
|  |  |  |  |  |  |  | Net |  |  |  |  |  |  |
|  |  |  |  | Foreign |  |  | operating |  |  |  |  |  |  |
|  |  |  |  | tax |  |  | loss carry- |  |  | FTS |  |  |  |
|  | Total |  |  | credits |  |  | forwards |  |  | patent |  |  | Other |
July 1, 2016 | $ | 38,834 |  | $ | 36,748 |  | $ | 931 |  | $ | 158 |  | $ | 997 |
Reversed to statement of operations |  | (4,302 | ) |  | (4,174 | ) |  | (128 | ) |  | - |  |  | - |
Charged to statement of operations |  | 4,684 |  |  | - |  |  | 3,107 |  |  | - |  |  | 1,577 |
Foreign currency adjustment |  | (249 | ) |  | - |  |  | (211 | ) |  | (38 | ) |  | - |
June 30, 2017 |  | 38,967 |  |  | 32,574 |  |  | 3,699 |  |  | 120 |  |  | 2,574 |
Reversed to statement of operations |  | (32,634 | ) |  | (32,634 | ) |  | - |  |  | - |  |  | - |
Charged to statement of operations |  | 9,582 |  |  | 10 |  |  | 971 |  |  | - |  |  | 8,601 |
Utilized |  | 60 |  |  | 60 |  |  | - |  |  | - |  |  | - |
Change in tax laws |  | (894 | ) |  | - |  |  | (263 | ) |  | - |  |  | (631 | )
Foreign currency adjustment |  | 976 |  |  | - |  |  | 1,038 |  |  | (63 | ) |  | 1 |
June 30, 2018 | $ | 16,057 |  | $ | 10 |  | $ | 5,445 |  | $ | 57 |  | $ | 10,545 |
Schedule Of Operating Loss Carryforwards |
Year of expiration |  | U.S. net operating
|  | loss carry
|  | forwards
2024 | $ | 1,874
2028 | $ | 4,423
Schedule Of Reconciliation Of Total Amounts Of Unrecognized Tax Benefits |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Unrecognized tax benefits - opening balance | $ | 475 |  | $ | 1,930 |  | $ | 2,322 |
Gross increases - tax positions in prior periods |  | 196 |  |  | - |  |  | - |
Gross decreases - tax positions in prior periods |  | - |  |  | (2,109 | ) |  | (609 | )
Gross increases - tax positions in current period |  | 311 |  |  | 440 |  |  | 641 |
Gross decreases - tax positions in current period |  | (150 | ) |  | - |  |  | - |
Lapse of statute limitations |  | - |  |  | - |  |  | - |
Foreign currency adjustment |  | 6 |  |  | 214 |  |  | (424 | )
Unrecognized tax benefits - closing balance | $ | 838 |  | $ | 475 |  | $ | 1,930 |

X
- Definition Provision For Income Taxes By Location Of Taxing Jurisdiction [Table Text Block] + References No definition available. + Details
Name: | ueps_ProvisionForIncomeTaxesByLocationOfTaxingJurisdictionTableTextBlock
Namespace Prefix: | ueps_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32559-109319 + Details
Name: | us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 + Details
Name: | us-gaap_SummaryOfPositionsForWhichSignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration