Income Taxes Income Taxes (Tables)

12 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Summary of income before income taxes by geography

The following is a summary of our income before taxes by geography:

	Year Ended June 30,
	2013		2012		2011
U.S.	$	8,730	$	10,851	$	13,247
Non-U.S.	32,002		44,994		77,875
Total	$	40,732	$	55,845	$	91,122

Components of the provision (benefit) for income taxes

The components of the provision (benefit) for income taxes are as follows:

	Year Ended June 30,
	2013			2012			2011
Current:
U.S. Federal	$	7,120		$	9,053		$	3,025
U.S. State	1,458			2,525			1,521
Non-U.S.	3,477			4,559			2,894
Total current	12,055			16,137			7,440
Deferred:
U.S. Federal	(274		)	(2,151		)	628
U.S. State	(163		)	(625		)	18
Non-U.S.	(2,231		)	(1,510		)	927
Total deferred	(2,668		)	(4,286		)	1,573
Total	$	9,387		$	11,851		$	9,013

Reconciliation of the standard U.S. statutory tax rate and the Company's effective tax rate

The following is a reconciliation of the standard U.S. statutory tax rate and our effective tax rate:

	Year Ended June 30,
	2013		2012		2011
U.S. federal statutory income tax rate	35.0	%	35.0	%	34.0	%
State taxes, net of federal effect	2.1	%	2.2	%	1.1	%
Tax rate differential on non-U.S. earnings	(23.8	)%	(21.3	)%	(25.1	)%
Compensation related items	5.7	%	5.2	%	0.2	%
Increase in valuation allowance	5.0	%	1.6	%	0.8	%
Tax benefit from Canadian tax currency election	(4.7	)%	—	%	—	%
Tax on IP transfer	3.7	%	1.6	%	—	%
Other	—	%	(3.1	)%	(1.1	)%
Effective income tax rate	23.0	%	21.2	%	9.9	%

Compenents of deferred income tax assets and liabilities

Significant components of our deferred income tax assets and liabilities consist of the following at June 30, 2013 and 2012:

	Year Ended June 30,
	2013			2012
Deferred tax assets:
Net operating loss carryforwards	$	6,905		$	6,129
Depreciation and amortization	485			1,281
Accrued expenses	2,587			1,853
Share-based compensation	11,897			8,450
Corporate minimum tax credit carryforwards	638			854
R&D credit carryforwards	—			697
Subtotal	22,512			19,264
Valuation allowance	(4,032		)	(2,505		)
Total deferred tax assets	18,480			16,759
Deferred tax liabilities:
Depreciation and amortization	(10,965		)	(13,709		)
IP installment obligation	(19,750		)	(22,405		)
Other	(248		)	—
Total deferred tax liabilities	(30,963		)	(36,114		)
Net deferred tax liabilities	$	(12,483	)	$	(19,355	)

Summary of reconciliation of the gross beginning and ending amount of unrecognized tax benefits

A reconciliation of the gross beginning and ending amount of unrecognized tax benefits is as follows:

Balance at June 30, 2011	$	2,496
Additions based on tax positions related to the current tax year	4,148
Additions based on tax positions related to prior tax years	(27		)
Reductions due to audit settlements	(297		)
Balance at June 30, 2012	$	6,320
Additions based on tax positions related to the current tax year	250
Reductions based on tax positions related to prior tax years	(234		)
Reductions due to audit settlements	(654		)
Balance at June 30, 2013	$	5,682