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Income Taxes (Tables)

12 Months Ended

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
					restatedA )			restatedA )
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
			restatedA )		restatedA )
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
					restatedA )
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)		forwardsA			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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