INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2018

Income Tax Disclosure [Abstract]

Schedule of Income Loss Before Income Tax Expense

The domestic and foreign components of income before provision for income taxes are as follows (in thousands):

	Year ended June 30,
	2018		2017		2016
Domestic	$	279,360	$	231,982	$	207,641
Foreign		19,304		16,637		15,971
Income before income taxes	$	298,664	$	248,619	$	223,612

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) are as follows (in thousands):

	Year ended June 30,
	2018			2017			2016
Current:
Federal	$	56,467		$	54,425		$	54,507
State and local		13,006			11,334			9,401
Foreign		5,344			4,041			3,337
Total current		74,817			69,800			67,245
Deferred:
Federal		(80,395	)		13,076			11,978
State and local		3,481			2,917			2,028
Foreign		(410	)		(845	)		(438	)
Total deferred		(77,324	)		15,148			13,568
Total income tax (benefit) expense	$	(2,507	)	$	84,948		$	80,813

Schedule of Effective Income Tax Rate Reconciliation

Income tax expense differs from the amounts computed by applying the U.S. federal statutory income tax rate as a result of the following (in thousands):

	Year ended June 30,
	2018			2017			2016
Expected tax expense computed at federal statutory rate (1)	$	83,805		$	87,017		$	78,264
State and local taxes, net of federal benefit		11,860			9,263			7,429
Nonincludible and nondeductible items, net		1,832			1,087			2,936
Remeasurement of deferred taxes and transition tax		(86,593	)		—			—
Effect of foreign tax rates		(1,261	)		(2,320	)		(2,308	)
R&D tax credit		(3,630	)		(4,894	)		(135	)
Other tax credits		(2,102	)		(1,321	)		(1,744	)
ASU 2016-09 share-based compensation		(5,388	)		(1,390	)		(1,061	)
Other		(1,030	)		(2,494	)		(2,568	)
Total income tax (benefit) expense	$	(2,507	)	$	84,948		$	80,813

(1) The U.S. federal statutory income tax rate for FY2018 is a blended rate of 28.06 percent due to the TCJA.  The federal statutory rate for FY2017 and FY2016 was 35.0 percent.

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to deferred taxes are presented below (in thousands):

	June 30,
	2018			2017
Deferred tax assets:
Deferred compensation and post-retirement obligations	$	27,842		$	37,257
Reserves and accruals		30,180			40,058
Stock-based compensation		7,793			13,599
Deferred rent		3,750			6,091
Other		—			2,000
Total deferred tax assets		69,565			99,005
Deferred tax liabilities:
Goodwill and other intangible assets		(238,020	)		(337,849	)
Unbilled revenue		(17,363	)		(20,913	)
Prepaid expenses		(3,991	)		(4,554	)
Interest rate swap		(3,701	)		(963	)
Other		(7,370	)		(8,046	)
Total deferred tax liabilities		(270,445	)		(372,325	)
Net deferred tax liability	$	(200,880	)	$	(273,320	)

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized benefits is shown in the table below (in thousands):

	Year ended June 30,
	2018		2017			2016
Beginning of year	$	1,639	$	398		$	6,220
Additions based on current year tax positions		2,483		1,475			89
Lapse of statute of limitations		—		(234	)		(128	)
Settlement with taxing authorities		—		—			(5,783	)
End of year	$	4,122	$	1,639		$	398