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Income Taxes (Table Level 3)
12 Months Ended
Jun. 30, 2011
Income Taxes  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

 

 

 

 

 

 

 

 

 

Year ended June 30,

 

2011

 

2010

 

2009

Current:

 

 

 

 

 

    Federal

$      43,334

 

$      39,994

 

$     39,616

    State

6,180

 

6,238

 

7,527

 

 

 

 

 

 

Deferred:

 

 

 

 

 

    Federal

18,276

 

14,327

 

7,345

    State

2,251

 

2,367

 

(280)

 

$      70,041

 

$      62,926

 

$     54,208

 

 

 

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

 

2011

 

2010

Deferred tax assets:

 

 

 

 

 

   Deferred revenue

 

 

$       5,372

 

$       3,875

   Expense reserves (bad debts, insurance,

 

 

 

 

        franchise tax and vacation)

 

 

8,086

 

6,730

   Net operating loss carryforwards

 

 

11,097

 

12,222

   Other, net

 

 

1,122

 

514

 

 

 

25,677

 

23,341

 

 

 

 

 

 

Deferred tax liabilities:

 

 

 

 

 

   Accelerated tax depreciation

 

 

(29,971)

 

(17,425)

   Accelerated tax amortization

 

 

(81,265)

 

(73,355)

   Other, net

 

 

(18,713)

 

(16,307)

 

 

 

(129,949)

 

(107,087)

 

 

 

 

 

 

Net deferred tax liability before valuation allowance

 

(104,272)

 

(83,746)

 

 

 

 

 

 

Valuation allowance

 

 

(306)

 

(306)

 

 

 

 

 

 

Net deferred tax liability

 

 

$ (104,578)

 

$   (84,052)

 

 

 

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

 

 

2011

 

2010

 

2009

 

 

 

 

 

 

 

 

Computed "expected" tax expense

 

 

35.0%

 

35.0%

 

35.0%

Increase (reduction) in taxes resulting from:

 

 

 

 

 

 

    State income taxes,

 

 

 

 

 

 

 

      net of federal income tax benefits

 

2.6%

 

2.5%

 

2.7%

   Research and development credit

 

-2.0%

 

-0.7%

 

-3.0%

   Permanent book/tax differences

 

 

-2.0%

 

-0.9%

 

-0.4%

   Section 199 - prior year benefits

 

 

-0.2%

 

-1.8%

 

0.0%

   Deferred tax adjustments

 

 

0.5%

 

0.7%

 

0.0%

   Valuation Allowance

 

 

0.0%

 

0.0%

 

0.2%

   Other (net)

 

 

-0.1%

 

0.0%

 

0.0%

 

 

 

 

 

 

 

 

 

 

 

33.8%

 

34.8%

 

34.5%

 

 

Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrecognized Tax Benefits

 

 

 

 

 

 

 

Balance at July 1, 2009

 

 

 

$           5,518

Additions for current year tax positions

 

 

691

Reductions for current year tax positions

 

 

(39)

Additions for prior year tax positions

 

 

2,049

Reductions for prior year tax positions

 

 

(298)

Settlements

 

 

 

 

-

Reductions related to expirations of statute of limitations

(734)

Balance at June 30, 2010

 

 

 

7,187

Additions for current year tax positions

 

 

1,338

Reductions for current year tax positions

 

 

-

Additions for prior year tax positions

 

 

599

Reductions for prior year tax positions

 

-

Settlements

 

 

 

 

-

Reductions related to expirations of statute of limitations

(227)

Balance at June 30, 2011

 

 

 

$           8,897