XML 15 R39.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Income Taxes Income Taxes (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2014
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | The components of income before income taxes and equity in earnings of equity-method investees were as follows:
| Fiscal Year ended June 30,
| 2014 |  | 2013 |  | 2012
Domestic | $ | 157,492 |  |  | $ | 130,908 |  |  | $ | 111,255 |
Foreign | 50,102 |  |  | 22,914 |  |  | 22,973 |
Total | $ | 207,594 |  |  | $ | 153,822 |  |  | $ | 134,228 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The provision for income taxes is presented below.
| Fiscal Year ended June 30,
| 2014 |  | 2013 |  | 2012
Current: |  |  |  |  |
Federal | $ | 46,722 |  |  | $ | 31,370 |  |  | $ | 28,983 |
State and local | 7,891 |  |  | 3,792 |  |  | 3,414 |
Foreign | 16,836 |  |  | 6,565 |  |  | 6,050 |
| 71,449 |  |  | 41,727 |  |  | 38,447 |
Deferred: |  |  |  |  |
Federal | 2,287 |  |  | (4,064 | ) |  | 3,963 |
State and local | 372 |  |  | (405 | ) |  | 493 |
Foreign | (4,009 | ) |  | (2,934 | ) |  | (1,749 | )
| (1,350 | ) |  | (7,403 | ) |  | 2,707 |
Total | $ | 70,099 |  |  | $ | 34,324 |  |  | $ | 41,154 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Reconciliations of expected income taxes at the U.S. federal statutory rate of 35% to the Company’s provision for income taxes for the fiscal years ended June 30 were as follows:
| 2014 |  | % |  | 2013 |  | % |  | 2012 |  | %
Expected U.S. federal income tax at statutory rate | $ | 72,659 |  |  | 35.0 | % |  | $ | 53,838 |  |  | 35.0 | % |  | $ | 46,980 |  |  | 35.0 | %
State income taxes, net of federal benefit | 5,371 |  |  | 2.6 | % |  | 3,278 |  |  | 2.1 | % |  | 3,267 |  |  | 2.4 | %
Domestic manufacturing deduction | (2,482 | ) |  | (1.2 | )% |  | (2,563 | ) |  | (1.7 | )% |  | (2,275 | ) |  | (1.7 | )%
Foreign income at different rates | (4,842 | ) |  | (2.3 | )% |  | (4,950 | ) |  | (3.2 | )% |  | (11,513 | ) |  | (8.6 | )%
Worthless stock deduction | — |  |  | — | % |  | (13,186 | ) |  | (8.6 | )% |  | — |  |  | — | %
Reduction of deferred tax liabilities resulting from change in United Kingdom tax rate | (3,739 | ) |  | (1.8 | )% |  | (2,288 | ) |  | (1.4 | )% |  | — |  |  | — | %
Contingent consideration expense reversal | — |  |  | — | % |  | — |  |  | — | % |  | 5,434 |  |  | 4.0 | %
Other | 3,132 |  |  | 1.5 | % |  | 195 |  |  | 0.1 | % |  | (739 | ) |  | (0.4 | )%
Provision for income taxes | $ | 70,099 |  |  | 33.8 | % |  | $ | 34,324 |  |  | 22.3 | % |  | $ | 41,154 |  |  | 30.7 | %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | Components of our deferred tax assets (liabilities) were as follows:
| June 30, 2014 |  | June 30, 2013
Current deferred tax assets: |  |  |
Basis difference on inventory | $ | 5,995 |  |  | $ | 5,604 |
Reserves not currently deductible | 17,365 |  |  | 11,941 |
Other | 420 |  |  | 171 |
Current deferred tax assets | 23,780 |  |  | 17,716 |
Noncurrent deferred tax assets/(liabilities): |  |  |
Basis difference on intangible assets | (143,478 | ) |  | (107,011 | )
Basis difference on property and equipment | (17,782 | ) |  | (11,236 | )
Other comprehensive income | (7,969 | ) |  | (9,056 | )
Net operating loss and tax credit carryforwards | 24,067 |  |  | 17,666 |
Stock based compensation | 6,526 |  |  | 5,354 |
Other | 27 |  |  | 344 |
Valuation allowances | (9,830 | ) |  | (10,456 | )
Noncurrent deferred tax liabilities, net | (148,439 | ) |  | (114,395 | )
Total net deferred tax liabilities | $ | (124,659 | ) |  | $ | (96,679 | )
Summary of Valuation Allowance [Table Text Block] | The changes in valuation allowances against deferred income tax assets were as follows:
| Fiscal Year ended June 30,
| 2014 |  | 2013
Balance at beginning of year | $ | 10,456 |  |  | $ | 11,183 |
Additions charged to income tax expense | 2,226 |  |  | 530 |
Reductions credited to income tax expense | (760 | ) |  | (1,690 | )
Net change from liquidations, tax rate changes and other | (3,036 | ) |  | 748 |
Currency translation adjustments | 944 |  |  | (315 | )
Balance at end of year | $ | 9,830 |  |  | $ | 10,456 |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | Unrecognized tax benefits, including interest and penalties, activity is summarized below:
| Fiscal Year ended June 30,
| 2014 |  | 2013 |  | 2012
Balance at beginning of year | $ | 2,507 |  |  | $ | 1,337 |  |  | $ | 1,472 |
Additions based on tax positions related to prior years | 750 |  |  | 574 |  |  | 15 |
Additions for acquired companies | — |  |  | 941 |  |  | 690 |
Reductions due to lapse in statute of limitations and settlements | (906 | ) |  | (345 | ) |  | (840 | )
Balance at end of year | $ | 2,351 |  |  | $ | 2,507 |  |  | $ | 1,337 |

X
- 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 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
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=6907707&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=6907707&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 the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
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=6907707&loc=d3e32537-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Valuation Allowance -URI http://asc.fasb.org/extlink&oid=6528051 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration