XML 61 R40.htm IDEA: XBRL DOCUMENT

Income Taxes (Tables)

12 Months Ended

Jun. 30, 2013


	Fiscal Year Ended June 30,
(in thousands)	2013		2012		2011
U.S./Canada	$	109,131	$	124,860	$	118,599
International		124,674		112,331		91,013
Total income tax before taxes	$	233,805	$	237,191	$	209,612

Summary Of Components Of Income Tax Expense


	Fiscal Year Ended June 30,
(in thousands)	2013			2012			2011
Current:
Federal	$	33,032		$	46,991		$	45,319
State		2,896			4,153			6,099
Foreign		28,732			22,382			22,160
Total current income tax expense		64,660			73,526			73,578
Deferred:
Federal		(688	)		(2,650	)		(5,603	)
State		(60	)		(235	)		(492	)
Foreign		(1,954	)		(551	)		(2,484	)
Total deferred income tax expense		(2,702	)		(3,436	)		(8,579	)
Total income tax expense	$	61,958		$	70,090		$	64,999

Summary Of Income Tax Reconciliation


	Fiscal Year Ended June 30,
	2013			2012			2011
Statutory rate		35.0	%		35.0	%		35.0	%
Increase (decrease) resulting from:
State taxes, net of federal tax benefit		1.4			1.6			1.7
Effect of tax rates in foreign jurisdictions		(14.7	)		(11.4	)		(11.0	)
Share-based and other compensation		0.5			1.4			1.4
Non-deferred foreign income		0.2			0.3			0.4
Domestic manufacturing deduction		(1.0	)		(1.0	)		(1.0	)
Valuation allowances		0.5			0.3			1.5
Net uncertain tax positions		0.3			1.4			3.1
Foreign withholding taxes		1.0			0.8			0.7
Non-deductible amortization		1.9			0.0			0.0
Other differences		1.4			1.1			(0.8	)
Effective tax rate		26.5	%		29.5	%		31.0	%

Summary Of Deferred Tax Assets And Liabilities


	As of June 30,
(in thousands)	2013			2012
Deferred tax assets:
Share-based compensation	$	25,712		$	20,177
Net operating loss carryforwards		60,027			59,034
Accruals		11,571			13,207
Accounts receivable reserves		6,795			7,574
Capital losses		4,008			5,338
Intercompany profit eliminations		3,545			2,962
Deferred revenues and customer deposits		580			673
Inventory		2,760			3,113
Benefit related accruals		2,552			2,330
Other		2,194			3,156
Total deferred tax assets		119,744			117,564

Deferred tax liabilities:
Intangible assets amortization		(28,249	)		(26,724	)
Capitalized software development costs		(2,365	)		(2,748	)
Depreciation		(1,246	)		(831	)
Other		(549	)		(1,082	)
Total deferred tax liabilities		(32,409	)		(31,385	)

Valuation allowance:
Capital losses		(4,008	)		0
Auction rate securities		0			(5,338	)
Net operating losses		(17,734	)		(15,619	)
Other		(2,939	)		(2,690	)
Total valuation allowance		(24,681	)		(23,647	)
Net deferred tax assets	$	62,654		$	62,532

Summary Of Tax Effect On Operating Loss Carryforwards And Related Valuation Allowance


	As of June 30,
(in thousands)	2013			2012
Net operating loss carryforwards:
U.S./Canada	$	2,861		$	3,958
International		57,166			55,076
Total net operating loss carryforwards		60,027			59,034
Net operating loss carryforward valuation allowance:
U.S./Canada		(42	)		(939	)
International		(17,692	)		(14,680	)
Total net operating loss carryforward valuation allowance		(17,734	)		(15,619	)
Net operating loss carryforwards, net of valuation allowance	$	42,293		$	43,415

Summary Of Tax Effect On Operating Loss Carryforwards And Tax Credit Carryforwards


	Expires in Fiscal Year Ending June 30,
(in thousands)	2014		2015		Thereafter			No Expiration			Total
U.S./Canada:
Net operating loss carryforwards	$	0	$	0	$	2,861		$	0		$	2,861
Valuation allowances		0		0		(42	)		0			(42	)
Total U.S.		0		0		2,819			0			2,819
International:
Net operating loss carryforwards		0		0		2,518			54,648			57,166
Valuation allowances		0		0		(2,398	)		(15,294	)		(17,692	)
Total International		0		0		120			39,354			39,474
Net operating loss carryforwards,
net of valuation allowances	$	0	$	0	$	2,939		$	39,354		$	42,293

Summary Of Unrecognized Tax Benefits


	As of June 30,
(in thousands)	2013			2012
Balance, beginning of year	$	32,079		$	30,013
Current year uncertain tax positions:
Gross increases		9,404			8,183
Prior year uncertain tax positions:
Gross increases		1,025			229
Gross decreases		(471	)		(1,337	)
Settlements with tax authorities		(5,993	)		0
Expiration of statute of limitations		(2,973	)		(5,009	)
Balance, end of year	$	33,071		$	32,079

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details

- Definition

Tabular disclosure of tax credit carryforwards available to reduce future taxable income, including amounts, expiration dates, limitations on use and the related deferred tax assets and valuation allowances.

+ References+ Details