INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2013

INCOME TAXES

Components of income before income taxes

	Fiscal Years Ended June 30,
	2013		2012		2011
	(Amounts in thousands)
United States	$	65,851	$	110,189	$	77,543
Foreign		71,317		42,830		38,730
	$	137,168	$	153,019	$	116,273

Components of income tax expense

	Fiscal Years Ended June 30,
	2013			2012		2011
	(Amounts in thousands)
Current:
Federal	$	30,061		$	35,556	$	28,783
State		368			310		105
Foreign		44,749			17,273		15,222
	$	75,178		$	53,139	$	44,110
Deferred and others:
Federal	$	(4,341	)	$	77	$	(1,242	)
State		(27	)		—		—
Foreign		(7,051	)		1,494		(3,894	)
	$	(11,419	)	$	1,571	$	(5,136	)
Total income tax expense	$	63,759		$	54,710	$	38,974

Schedule of income tax expense and effective tax rate

	Fiscal Years Ended June 30,
	2013			2012			2011
	(Amounts in thousands)
Total expense computed by applying federal rates	$	48,009		$	53,557		$	40,695
State and provincial income taxes, net of federal benefit		368			310			105
Adjustments of valuation allowance		—			(1,007	)		(346	)
Excess depletion		(1,395	)		(1,416	)		(1,446	)
Estimates for uncertain tax positions		1,868			551			437
Statutory tax attributable to non-controlling interest		(1,236	)		(2,042	)		(2,066	)
Effect of foreign earnings		4,223			511			(891	)
Effect of recognized loss on available-for-sale securities		4,239			—			—
Unrealized foreign exchange gains		1,146			(546	)		2,548
True up of prior year tax returns		4,979			—			—
True up of prior year deferred assets		—			1,075			—
Excess 162(m) compensation		1,272			1,116			215
Other		286			2,601			(277	)
	$	63,759		$	54,710		$	38,974

Schedule of deferred tax assets and liabilities

	2013			2012
	(Amounts in thousands)
Deferred tax assets:
Stock-based compensation	$	3,853		$	3,984
Net operating losses		25,943			23,815
Other		4,460			2,615
Total deferred tax assets		34,256			30,414
Valuation allowance		(4,606	)		(500	)
Net deferred tax assets	$	29,650		$	29,914
Deferred tax liabilities:
Mineral property basis	$	(165,936	)	$	(172,146	)
Unrealized foreign exchange gains		(3,684	)		(4,414	)
2019 Notes		(23,281	)		(27,126	)
Other		(3,561	)		(4,117	)
Total deferred tax liabilities		(196,462	)		(207,803	)
Total net deferred taxes	$	(166,812	)	$	(177,889	)

Reconciliation of beginning and ending amount of gross unrecognized tax benefit

	2013			2012			2011
	(Amounts in thousands)
Total gross unrecognized tax benefits at beginning of year	$	19,469		$	18,836		$	12,479
Additions / Reductions for tax positions of prior years		—			—			20
Additions / Reductions for tax positions of current year		2,638			2,051			6,337
Reductions due to settlements with taxing authorities		(941	)		—			—
Reductions due to lapse of statute of limitations		—			(1,418	)		—
Total amount of gross unrecognized tax benefits at end of year	$	21,166		$	19,469		$	18,836