Note 11 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2019

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Year Ended June 30,
	201 9		201 8		201 7
Domestic	$	64,081	$	81,557	$	81,721
Foreign		47,934		44,395		30,240
Income before income taxes	$	112,015	$	125,952	$	111,961

	Year Ended June 30,
	201 9			201 8			201 7
Taxes on income consist of:
Currently tax provision:
Federal	$	16,090		$	28,416		$	28,462
State		544			5,315			4,051
Foreign		13,329			11,983			8,212
Total current tax provision		29,963			45,714			40,725
Deferred tax provision:
Federal		(6,903	)		(40,378	)		(901	)
State		(3,977	)		(1,381	)		(968	)
Foreign		(3,142	)		(4,154	)		(2,981	)
Total deferred tax provision		(14,021	)		(45,912	)		(4,850	)
Total income tax provision	$	15,942		$	(198	)	$	35,875

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

	Year Ended June 30,
	201 9			201 8			201 7
Income tax expense at federal statutory rate		21.0	%		28.1	%		35.0	%
State income taxes, net of federal benefit		0.8	%		2.5	%		1.9	%
Qualified production activity deduction		-	%		(2.4	)%		(3.4	)%
Research and development tax credit		(1.6	)%		(1.4	)%		(1.4	)%
Contingent consideration adjustment		(0.4	)%		3.3	%		4.1	%
Foreign tax rate differences		0.2	%		(3.5	)%		(4.6	)%
Option exercises		(5.8	)%		(1.8	)%		-	%
Domestic tax legislation changes		1.7	%		(26.2	)%		-	%
State apportionment changes		(2.3	)%		-			-
Other, net		0.6	%		1.2	%		0.4	%
Effective tax rate		14.2	%		(0.2	)%		32.0	%

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

	June 30
	201 9			201 8
Inventory	$	7,743		$	5,873
Net operating loss carryovers		33,294			15,938
Tax credit carryovers		9,640			7,029
Excess tax basis in equity investments		3,433			2,813
Deferred compensation		10,333			7,806
Derivative - cash flow hedge		2,921			-
Other		5,207			3,864
Valuation allowance		(6,974	)		(2,978	)
Deferred tax assets		65,597			40,345
Net unrealized gain on available-for-sale investments		(4,542	)		(8,384	)
Intangible asset amortization		(141,998	)		(111,247	)
Depreciation		(8,371	)		(6,349	)
Other		(440	)		(658	)
Deferred tax liabilities		(155,351	)		(126,638	)
Net deferred tax liabilities	$	(89,754	)	$	(86,293	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	Year Ended June 30,
	201 9		201 8		201 7
Beginning balance	$	1,947	$	1,747	$	1,480
Additions due to acquisitions		900				628
Additions for tax positions of current year		2,185		35		13
Closure of tax years						(374	)
Tax reform				165
Ending balances	$	5,032	$	1,947	$	1,747