INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2011

INCOME TAXES

Components of income before income taxes

	Fiscal Years Ended June 30,
	2011		2010			2009
	(Amounts in thousands)
United States	$	77,543	$	55,623		$	65,848
Foreign		38,730		(12,037	)		(2,634	)
	$	116,273	$	43,586		$	63,214

Components of income tax expense

	Fiscal Years Ended June 30,
	2011			2010			2009
	(Amounts in thousands)
Current:
Federal	$	28,783		$	20,299		$	23,625
State		105			219			402
Foreign		15,222			1,182			—
	$	44,110		$	21,700		$	24,027
Deferred and others:
Federal	$	(1,242	)	$	(1,304	)	$	(2,396	)
State		—			(114	)		27
Foreign		(3,894	)		(6,118	)		199
	$	(5,136	)	$	(7,536	)	$	(2,170	)
Total income tax expense	$	38,974		$	14,164		$	21,857

Schedule of differences between provision for income taxes and income tax expense computed by applying federal rates

	Fiscal Years Ended June 30,
	2011			2010			2009
	(Amounts in thousands)
Total expense computed by applying federal rates	$	40,695		$	15,255		$	22,125
State and Provincial income taxes, net of federal benefit		105			189			288
Adjustments of valuation allowance		(346	)		(231	)		783
Excess depletion		(1,446	)		(1,642	)		(1,074	)
Acquisition related costs		—			1,364			—
Estimates for uncertain tax positions		437			1,568			—
Statutory tax attributable to Non-controlling interest		(2,066	)		(2,775	)		(1,053	)
Unrealized foreign exchange gains (losses)		2,548			(280	)		—
Effect of foreign earnings		(891	)		915			—
Other		(62	)		(199	)		788
	$	38,974		$	14,164		$	21,857

Schedule of deferred tax assets and liabilities

	2011			2010
	(Amounts in thousands)
Deferred tax assets:
Stock-based compensation	$	3,275		$	3,267
Net operating losses		32,157			25,936
Other		5,028			4,963
Total deferred tax assets		40,460			34,166
Valuation allowance		(3,069	)		(3,415	)
Net deferred tax assets		37,391			30,751
Deferred tax liabilities:
Mineral property basis		(179,344	)		(181,740	)
Unrealized foreign exchange gains		(5,932	)		(3,751	)
Other		(3,112	)		(1,107	)
Total deferred tax liabilities		(188,388	)		(186,598	)
Total net deferred taxes	$	(150,997	)	$	(155,847	)

Reconciliation of beginning and ending amount of gross unrecognized tax benefit

	2011		2010		2009
	(Amounts in thousands)
Total gross unrecognized tax benefits at beginning of year	$	12,479	$	614	$	410
Additions / Reductions for tax positions of prior years		20		749		28
Additions / Reductions for tax positions of current year		6,337		11,116		176
Total amount of gross unrecognized tax benefits at end of year	$	18,836	$	12,479	$	614