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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2016
Income Tax Disclosure [Abstract] |
Summary of Components of Income Before Taxes and Equity in Earnings of Equity-Method Investments | The components of income (loss) before income taxes and equity in earnings of equity-method investees were as follows:
| Fiscal Year Ended June 30,
| 2016 |  | 2015 (Revised) |  | 2014 (Revised)
Domestic | $ | 158,025 |  |  | $ | 170,884 |  |  | $ | 154,773 |
Foreign | (39,617 | ) |  | 41,985 |  |  | 42,387 |
Total | $ | 118,408 |  |  | $ | 212,869 |  |  | $ | 197,160 |
Summary of the Provision for Income Taxes | The provision (benefit) for income taxes consisted of the following:
| Fiscal Year Ended June 30,
| 2016 |  | 2015 (Revised) |  | 2014 (Revised)
Current: |  |  |  |  |
Federal | $ | 21,304 |  |  | $ | 32,910 |  |  | $ | 47,660 |
State and local | 1,798 |  |  | 8,311 |  |  | 7,640 |
Foreign | 14,737 |  |  | 9,981 |  |  | 16,920 |
| 37,839 |  |  | 51,202 |  |  | 72,220 |
Deferred: |  |  |  |  |
Federal | 30,711 |  |  | (912 | ) |  | 2,241 |
State and local | 5,017 |  |  | (1,069 | ) |  | (186 | )
Foreign | (2,635 | ) |  | (686 | ) |  | (4,667 | )
| 33,093 |  |  | (2,667 | ) |  | (2,612 | )
Total | $ | 70,932 |  |  | $ | 48,535 |  |  | $ | 69,608 |
Reconciliation of Expected Income Taxes to Actual | The reconciliation of the U.S. Federal statutory rate to our effective rate on income before provision for income taxes was as follows:
| Fiscal Year Ended June 30,
| 2016 |  | % |  | 2015 (Revised) |  | % |  | 2014 (Revised) |  | %
Expected United States federal income tax at statutory rate | $ | 41,443 |  |  | 35.0 | % |  | $ | 74,504 |  |  | 35.0 | % |  | $ | 69,006 |  |  | 35.0 | %
State income taxes, net of federal benefit | 5,447 |  |  | 4.6 | % |  | 4,795 |  |  | 2.2 | % |  | 4,862 |  |  | 2.5 | %
Domestic manufacturing deduction | (1,233 | ) |  | (1.0 | )% |  | (1,210 | ) |  | (0.6 | )% |  | (2,642 | ) |  | (1.3 | )%
Foreign income at different rates | (2,861 | ) |  | (2.4 | )% |  | (9,515 | ) |  | (4.5 | )% |  | (295 | ) |  | (0.1 | )%
Goodwill impairment | 23,172 |  |  | 19.6 | % | — |  | — |  | — |  | — | % |  | — |  |  | — | %
Change in Valuation Allowance | 5,067 |  |  | 4.3 | % |  | 963 |  |  | 0.5 | % |  | — |  |  | — | %
Corporate tax reorganization | (4,173 | ) |  | (3.5 | )% |  | (20,670 | ) |  | (9.7 | )% |  | — |  |  | — | %
Unrealized foreign exchange losses | 7,056 |  |  | 6.0 | % |  | — |  |  | — | % |  | — |  |  | — | %
Non-taxable gains on acquisition of pre-existing ownership interests in HPPC and Empire | — |  |  | — | % |  | (2,793 | ) |  | (1.3 | )% |  | — |  |  | — | %
Reduction of deferred tax liabilities resulting from change in United Kingdom tax rate | (4,942 | ) |  | (4.2 | )% |  | — |  |  | — | % |  | (3,739 | ) |  | (1.9 | )%
Other | 1,956 |  |  | 1.5 | % |  | 2,461 |  |  | 1.2 | % |  | 2,416 |  |  | 1.1 | %
Provision for income taxes | $ | 70,932 |  |  | 59.9 | % |  | $ | 48,535 |  |  | 22.8 | % |  | $ | 69,608 |  |  | 35.3 | %
Schedule of Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities consisted of the following:
| June 30, 2016 |  | June 30, 2015 (Revised)
Current deferred tax assets(1): |  |  |
Basis difference on inventory | $ | — |  |  | $ | 13,730 |
Reserves not currently deductible | — |  |  | 22,804 |
Other | — |  |  | 1,972 |
Current deferred tax assets(1) | $ | — |  |  | $ | 38,506 |
Noncurrent deferred tax assets/(liabilities): |  |  |
Basis difference on inventory | $ | 11,232 |  |  | $ | — |
Reserves not currently deductible | 17,652 |  |  | — |
Basis difference on intangible assets | (145,673 | ) |  | (154,009 | )
Basis difference on property and equipment | (25,933 | ) |  | (23,415 | )
Other comprehensive income | (4,623 | ) |  | (1,217 | )
Net operating loss and tax credit carryforwards | 25,340 |  |  | 28,875 |
Stock based compensation | 4,632 |  |  | 6,828 |
Other | 1,176 |  |  | 2,723 |
Valuation allowances | (15,310 | ) |  | (10,926 | )
Noncurrent deferred tax liabilities, net | $ | (131,507 | ) |  | $ | (151,141 | )
Total net deferred tax liabilities | $ | (131,507 | ) |  | $ | (112,635 | )
(1) | Due to the Company’s adoption of ASU 2015-17, all deferred tax assets and liabilities are classified as noncurrent as of June 30, 2016. See Note 3, Summary of Significant Accounting Policies and Practices, for details.
Summary of Changes in Valuation Allowances | The changes in valuation allowances against deferred income tax assets were as follows:
| Fiscal Year Ended June 30,
| 2016 |  | 2015 (Revised)
Balance at beginning of year | $ | 10,926 |  |  | $ | 10,952 |
Additions charged to income tax expense | 7,484 |  |  | 963 |
Reductions credited to income tax expense | (2,417 | ) |  | — |
Currency translation adjustments | (683 | ) |  | (989 | )
Balance at end of year | $ | 15,310 |  |  | $ | 10,926 |
Schedule of Unrecognized Tax Benefits, Including Interest and Penalties Activity | Unrecognized tax benefits activity, including interest and penalties, is summarized below:
| Fiscal Year Ended June 30,
| 2016 |  | 2015 (Revised) |  | 2014 (Revised)
Balance at beginning of year | $ | 10,759 |  |  | $ | 11,058 |  |  | $ | 2,507 |
Additions based on tax positions related to the current year | 4,276 |  |  | 1,089 |  |  | 5,946 |
Additions based on tax positions related to prior years | 1,404 |  |  | 202 |  |  | 3,511 |
Reductions due to lapse in statute of limitations and settlements | (420 | ) |  | (1,590 | ) |  | (906 | )
Balance at end of year | $ | 16,019 |  |  | $ | 10,759 |  |  | $ | 11,058 |

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