Note 11 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2020

Notes Tables

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

	Year Ended June 30,
	2020		2019		2018
Domestic	$	245,365	$	64,081	$	81,557
Foreign		31,112		47,934		44,395
Income before income taxes	$	276,477	$	112,015	$	125,952

	Year Ended June 30,
	2020		2019			2018
Taxes on income consist of:
Currently tax provision:
Federal	$	18,976	$	16,090		$	28,416
State		6,018		544			5,315
Foreign		8,580		13,329			11,983
Total current tax provision		33,574		29,963			45,714
Deferred tax provision:
Federal		14,074		(6,903	)		(40,378	)
State		2,055		(3,977	)		(1,381	)
Foreign		(2,522)		(3,142	)		(4,154	)
Total deferred tax provision		13,607		(14,021	)		(45,912	)
Total income tax provision	$	47,181	$	15,943		$	(198	)

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

	Year Ended June 30,
	2020			2019			2018
Income tax expense at federal statutory rate		21.0	%		21.0	%		28.1	%
State income taxes, net of federal benefit		2.3	%		0.8	%		2.5	%
Qualified production activity deduction		-	%		-	%		(2.4	)%
Research and development tax credit		(0.7	)%		(1.6	)%		(1.4	)%
Contingent consideration adjustment		(0.2	)%		(0.4	)%		3.3	%
Foreign tax rate differences		(0.2	)%		0.2	%		(3.5	)%
Option exercises		(5.7	)%		(5.8	)%		(1.8	)%
Domestic tax legislation changes		-			1.7	%		(26.2	)%
State apportionment changes		-			(2.3	)%		-
Executive compensation limitations		1.6	%		0.4	%		-
Other, net		(1.0	)%		0.2	%		1.2	%
Effective tax rate		17.1	%		14.2	%		(0.2	)%

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

	June 30
	2020			2019
Inventory	$	7,769		$	7,743
Net operating loss carryovers		25,707			33,294
Tax credit carryovers		9,568			9,640
Excess tax basis in equity investments		2,423			3,433
Deferred compensation		10,755			10,333
Derivative - cash flow hedge		4,058			2,921
Lease liability		16,256			-
Other		4,340			5,207
Valuation allowance		(7,523	)		(6,974	)
Deferred tax assets		73,353			65,597
Net unrealized gain on available-for-sale investments		(19,102	)		(4,542	)
Intangible asset amortization		(128,279	)		(141,998	)
Depreciation		(10,764	)		(8,371	)
Right of use asset		(15,118	)		-
Other		(1,180	)		(440	)
Deferred tax liabilities		(174,443	)		(155,351	)
Net deferred tax liabilities	$	(101,090	)	$	(89,754	)

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

	Year Ended June 30,
	2020			2019		2018
Beginning balance	$	5,032		$	1,947	$	1,747
Additions due to acquisitions		-			900		-
Additions for tax positions of current year		306			2,185		35
Closure of tax years		(1,041	)		-		-
Tax reform		-			-		165
Ending balances	$	4,297		$	5,032	$	1,947