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Income Taxes
6 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes    The income tax expense we record in any interim period is based on our estimated effective tax rate for the fiscal year for those tax jurisdictions in which we can reliably estimate that rate. The calculation of our estimated effective tax rate requires an estimate of pre-tax income by tax jurisdiction as well as total tax expense for the fiscal year. Accordingly, our annual estimated effective tax rate is subject to adjustment if there are changes to our initial estimates of total tax expense or pre-tax income, including the mix of income by jurisdiction. For those tax jurisdictions for which we are unable to reliably estimate an overall effective tax rate, we calculate income tax expense based upon the actual effective tax rate for the year-to-date period.
Provision for Income Taxes
    We recorded an income tax provision of $5.7 million and $1.3 million for the three months ended December 31, 2021 and 2020, respectively. In the three months ended December 31, 2021 and 2020, the income tax provision was primarily attributable to our U.S., United Kingdom (UK) and Switzerland operations.
We recorded an income tax provision of $2.9 million and $3.0 million for the six months ended December 31, 2021 and 2020, respectively. In the six months ended December 31, 2021, the income tax provision was primarily attributable to our U.S., UK and Switzerland operations. In the six months ended December 31, 2020, the income tax provision was driven by a tax benefit recorded against operating losses in the U.S. offset by tax expense recorded against operating income generated in our UK and Switzerland operations. In addition, in the six months ended December 31, 2020, we recorded discrete tax expense of $0.7 million as a result of tax legislation enacted in the UK that increased the statutory UK tax rate from 17 percent to 19 percent, which required us to re-value our net UK deferred tax liability balance to reflect this higher rate.
    We currently anticipate that our unrecognized tax benefits will decrease within the next twelve months by approximately $0.9 million as a result of the expiration of certain statutes of limitations associated with intercompany transactions subject to tax in multiple jurisdictions.
    We record a deferred tax asset if we believe that it is more likely than not that we will realize a future tax benefit. Ultimate realization of any deferred tax asset is dependent on our ability to generate sufficient future taxable income in the appropriate tax jurisdiction before the expiration of carryforward periods, if any. Our assessment of deferred tax asset recoverability considers many different factors including historical and projected operating results, the reversal of existing deferred tax liabilities that provide a source of future taxable income, the impact of current tax planning strategies and the availability of future tax planning strategies. We establish a valuation allowance against any deferred tax asset for which we are unable to conclude that recoverability is more likely than not.
    At December 31, 2021, we had a total valuation allowance of $45.3 million against our deferred tax assets given the uncertainty of recoverability of these amounts.