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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2019
Income Taxes [Abstract] |
Components Of Income Before Income Taxes |
|  | 2019 |  |  | 2018 |  |  | 2017 |
South Africa | $ | (267,637 | ) | $ | 131,366 |  | $ | 129,786 |
United States |  | (23,479 | ) |  | (15,329 | ) |  | (20,902 | )
Other |  | (11,910 | ) |  | (15,671 | ) |  | 5,572 |
(Loss) Income before income taxes | $ | (303,026 | ) | $ | 100,366 |  | $ | 114,456 |
Provision For Income Taxes By Location Of Taxing Jurisdiction |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  |  |  |  | (As |  |  | (As |
|  |  |  |  | restated A ) |  |  | restated A ) |
Current income tax | $ | 17,163 |  | $ | 95,529 |  | $ | 45,857 |
South Africa |  | 10,076 |  |  | 35,745 |  |  | 35,986 |
Continuing |  | 3,689 |  |  | 35,745 |  |  | 35,986 |
Discontinued |  | 6,387 |  |  | - |  |  | - |
United States |  | 1,100 |  |  | 55,788 |  |  | 4,686 |
Other |  | 5,987 |  |  | 3,996 |  |  | 5,185 |
Deferred taxation (benefit) charge |  | (12,494 | ) |  | 8,537 |  |  | (6 | )
South Africa |  | (11,117 | ) |  | 9,772 |  |  | (439 | )
Continuing |  | (7,854 | ) |  | 9,772 |  |  | (439 | )
Discontinued |  | (3,263 | ) |  | - |  |  | - |
United States |  | 4 |  |  | 477 |  |  | 1,123 |
Other |  | (1,381 | ) |  | (1,712 | ) |  | (690 | )
Foreign tax credits generated – United States |  | (944 | ) |  | (55,778 | ) |  | (3,345 | )
Change in tax rate – United States |  | - |  |  | 309 |  |  | - |
Income tax provision | $ | 3,725 |  | $ | 48,597 |  | $ | 42,506 |
(A) Deferred taxation (benefit) charge – South Africa for 2018 and 2017 have been restated to correct the misstatement discussed in Note 1.
Reconciliation Of Income Taxes |
| 2019 |  | 2018 |  | 2017 |
|  |  | (As |  | (As |
|  |  | restated A ) |  | restated A ) |
Income taxes at fully-distributed South African tax rates | 28.00 | % | 28.00 | % | 28.00 | %
Movement in valuation allowance | (24.23 | %) | 5.99 | % | 0.07 | %
Non-deductible items | (4.75 | %) | 15.19 | % | 1.05 | %
Capital gains differential | (1.54 | %) | (1.81 | %) | -% |
Taxation on deemed dividends in the United States | 1.53 | % | 1.92 | % | 8.00 | %
Foreign tax rate differential | 0.38 | % | (0.65 | %) | -% |
Prior year adjustments | (0.63 | %) | (0.02 | %) | 0.07 | %
Transition Tax | (0.36 | %) | 55.38 | % | -% |
Foreign tax credits | 0.37 | % | (55.58 | %) | (0.05 | %)
Change in tax laws – United States | - |  | -% |  | -% |
Income tax provision | (1.23 | %) | 48.42 | % | 37.14 | %
(A) Non-deductible items for 2018 and 2017 have been restated to correct the misstatement discussed in Note 1.
Schedule Of Deferred Tax Assets And Liabilities |
|  | 2019 |  |  | 2018 |
|  |  |  |  | (As |
|  |  |  |  | restated A ) |
Total deferred tax assets |  |  |  |  |  |
Capital losses related to investments(B) | $ | 43,569 |  | $ | 3,226 |
Net operating loss carryforwards |  | 35,873 |  |  | 10,242 |
Foreign tax credits |  | 32,799 |  |  | 32,644 |
Provisions and accruals |  | 13,230 |  |  | 5,975 |
FTS patent |  | 277 |  |  | 367 |
Intangible assets |  | - |  |  | 687 |
Other |  | 2,394 |  |  | 4,523 |
Total deferred tax assets before valuation allowance |  | 128,142 |  |  | 57,664 |
Valuation allowances |  | (125,887 | ) |  | (48,691 | )
Total deferred tax assets, net of valuation allowance |  | 2,255 |  |  | 8,973 |
Total deferred tax liabilities: |  |  |  |  |  |
Intangible assets |  | 2,676 |  |  | 6,420 |
Investments |  | 1,621 |  |  | 5,886 |
Other |  | 489 |  |  | 7,515 |
Total deferred tax liabilities |  | 4,786 |  |  | 19,821 |
Reported as |  |  |  |  |  |
Long-term deferred tax assets |  | 2,151 |  |  | 4,776 |
Long-term deferred tax liabilities |  | 4,682 |  |  | 16,067 |
Net deferred income tax liabilities | $ | 2,531 |  | $ | 11,291 |
Movement In Valuation Allowance |
|  |  |  |  |  |  | Net |  |  |  |  |  |  |  |  |
|  |  |  |  | Capital losses |  | operating |  |  | Foreign |  |  |  |  |  |
|  |  |  |  | related to |  | loss carry- |  |  | tax |  | FTS |  |  |  |
|  | Total |  |  | investments(A) |  | forwards A |  |  | credits |  | patent |  |  | Other(A)(B) |
July 1, 2017 | $ | 38,967 |  | $ | 997 | $ | 3,699 |  | $ | 32,574 | $ | 120 |  | $ | 1,577 |
Charged to statement of operations |  | 9,582 |  |  | 2,229 |  | 4,573 |  |  | 10 |  | - |  |  | 2,770 |
Utilized |  | 60 |  |  | - |  | - |  |  | 60 |  | - |  |  | - |
Change in tax laws |  | (894 | ) |  | - |  | (263 | ) |  | - |  | - |  |  | (631 | )
Foreign currency adjustment |  | 976 |  |  | - |  | 1,038 |  |  | - |  | (63 | ) |  | 1 |
June 30, 2018 |  | 48,691 |  |  | 3,226 |  | 9,047 |  |  | 32,644 |  | 57 |  |  | 3,717 |
Reversed to statement of operations . |  | (881 | ) |  | - |  | (198 | ) |  | - |  | (57 | ) |  | (626 | )
Charged to statement of operations |  | 79,029 |  |  | 40,159 |  | 26,570 |  |  | 155 |  | - |  |  | 12,145 |
Utilized |  | (1,730 | ) |  | - |  | (10 | ) |  | - |  | - |  |  | (1,720 | )
Foreign currency adjustment |  | 778 |  |  | 184 |  | 452 |  |  | - |  | - |  |  | 142 |
June 30, 2019 | $ | 125,887 |  | $ | 43,569 | $ | 35,861 |  | $ | 32,799 | $ | - |  | $ | 13,658 |
(A) Capital losses related to investments for the prior year have been reclassified from Other. (B) Net operating loss carry-forwards of $3,602 as of June 30, 2018, that were previously included in the other caption have been reclassified to the net operating loss carry-forwards caption.
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 |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Unrecognized tax benefits - opening balance | $ | 838 |  | $ | 475 |  | $ | 1,930 |
Gross increases - tax positions in prior periods |  | 107 |  |  | 196 |  |  | - |
Gross decreases - tax positions in prior periods |  | - |  |  | - |  |  | (2,109 | )
Gross increases - tax positions in current period |  | 307 |  |  | 311 |  |  | 440 |
Gross decreases - tax positions in current period |  | - |  |  | (150 | ) |  | - |
Lapse of statute limitations |  | - |  |  | - |  |  | - |
Foreign currency adjustment |  | (38 | ) |  | 6 |  |  | 214 |
Unrecognized tax benefits - closing balance | $ | 1,214 |  | $ | 838 |  | $ | 475 |

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