INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2012

INCOME TAXES

Components of income before income taxes

	Fiscal Years Ended June 30,
	2012		2011		2010
	(Amounts in thousands)
United States	$	110,189	$	77,543	$	55,623
Foreign		42,830		38,730		(12,037	)
	$	153,019	$	116,273	$	43,586

Components of income tax expense

	Fiscal Years Ended June 30,
	2012		2011			2010
	(Amounts in thousands)
Current:
Federal	$	35,556	$	28,783		$	20,299
State		310		105			219
Foreign		17,273		15,222			1,182
	$	53,139	$	44,110		$	21,700
Deferred and others:
Federal	$	77	$	(1,242	)	$	(1,304	)
State		—		—			(114	)
Foreign		1,494		(3,894	)		(6,118	)
	$	1,571	$	(5,136	)	$	(7,536	)
Total income tax expense	$	54,710	$	38,974		$	14,164

Schedule of income tax expense and effective tax rate

	Fiscal Years Ended June 30,
	2012			2011			2010
	(Amounts in thousands)
Total expense computed by applying federal rates	$	53,557		$	40,695		$	15,255
State and Provincial income taxes, net of federal benefit		310			105			189
Adjustments of valuation allowance		(1,007	)		(346	)		(231	)
Excess depletion		(1,416	)		(1,446	)		(1,642	)
Acquisition related costs		—			—			1,364
Estimates for uncertain tax positions		551			437			1,568
Statutory tax attributable to Non-controlling interest		(2,042	)		(2,066	)		(2,775	)
Unrealized foreign exchange gains (losses)		(546	)		2,548			(280	)
Effect of foreign earnings		511			(891	)		915
True-up of prior year deferred assets		1,075			—			—
Excess 162(m) compensation		1,116			215			62
Other		2,601			(277	)		(261	)
	$	54,710		$	38,974		$	14,164

Schedule of deferred tax assets and liabilities

	2012			2011
	(Amounts in thousands)
Deferred tax assets:
Stock-based compensation	$	3,984		$	3,275
Net operating losses		23,815			32,157
Other		2,615			5,028
Total deferred tax assets		30,414			40,460
Valuation allowance		(500	)		(3,069	)
Net deferred tax assets		29,914			37,391
Deferred tax liabilities:
Mineral property basis		(172,146	)		(179,344	)
Convertible notes due 2019		(27,126	)		—
Unrealized foreign exchange gains		(4,414	)		(5,932	)
Other		(4,117	)		(3,112	)
Total deferred tax liabilities		(207,803	)		(188,388	)
Total net deferred taxes	$	(177,889	)	$	(150,997	)

Reconciliation of beginning and ending amount of gross unrecognized tax benefit

	2012			2011		2010
	(Amounts in thousands)
Total gross unrecognized tax benefits at beginning of year	$	18,836		$	12,479	$	614
Additions / Reductions for tax positions of prior years		—			20		749
Additions / Reductions for tax positions of current year		2,051			6,337		11,116
Reductions due to lapse of statute of limitations		(1,418	)		—		—
Total amount of gross unrecognized tax benefits at end of year	$	19,469		$	18,836	$	12,479