INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2014

INCOME TAXES

Components of income before income taxes

	Fiscal Years Ended June 30,
	2014		2013		2012
	(Amounts in thousands)
United States	$	17,033	$	65,851	$	110,189
Foreign		65,894		71,317		42,830
	$	82,927	$	137,168	$	153,019

Components of income tax expense

	Fiscal Years Ended June 30,
	2014			2013			2012
	(Amounts in thousands)
Current:
Federal	$	(3,663	)	$	30,061		$	35,556
State		334			368			310
Foreign		30,950			44,749			17,273
	$	27,621		$	75,178		$	53,139
Deferred and others:
Federal	$	(4,122	)	$	(4,341	)	$	77
State		(26	)		(27	)		—
Foreign		(4,018	)		(7,051	)		1,494
	$	(8,166	)	$	(11,419	)	$	1,571
Total income tax expense	$	19,455		$	63,759		$	54,710

Schedule of income tax expense and effective tax rate

	Fiscal Years Ended June 30,
	2014			2013			2012
	(Amounts in thousands)
Total expense computed by applying federal rates	$	29,024		$	48,009		$	53,557
State and provincial income taxes, net of federal benefit		334			368			310
Adjustments of valuation allowance		—			—			(1,007	)
Excess depletion		(1,114	)		(1,395	)		(1,416	)
Estimates for uncertain tax positions		(7,386	)		1,868			551
Statutory tax attributable to non-controlling interest		(293	)		(1,236	)		(2,042	)
Effect of foreign earnings		1,141			4,223			511
Effect of foreign earnings indefinitely reinvested		(1,700	)		—			—
Effect of recognized loss on available-for-sale securities		562			4,239			—
Unrealized foreign exchange gains		(367	)		1,146			(546	)
Changes in estimates and corrected errors of prior year tax		(594	)		4,979			1,075
Other		(152	)		1,558			3,717
	$	19,455		$	63,759		$	54,710

Schedule of deferred tax assets and liabilities

	2014			2013
	(Amounts in thousands)
Deferred tax assets:
Stock-based compensation	$	3,511		$	3,853
Net operating losses		19,322			25,943
Other		7,068			4,460
Total deferred tax assets		29,901			34,256
Valuation allowance		(4,933	)		(4,606	)
Net deferred tax assets	$	24,968		$	29,650
Deferred tax liabilities:
Mineral property basis	$	(158,301	)	$	(165,936	)
Unrealized foreign exchange gains		(3,072	)		(3,684	)
2019 Notes		(20,002	)		(23,281	)
Other		(2,239	)		(3,561	)
Total deferred tax liabilities		(183,614	)		(196,462	)
Total net deferred taxes	$	(158,646	)	$	(166,812	)

Reconciliation of beginning and ending amount of gross unrecognized tax benefit

	2014			2013			2012
	(Amounts in thousands)
Total gross unrecognized tax benefits at beginning of year	$	21,166		$	19,469		$	18,836
Additions / Reductions for tax positions of current year		(1,052	)		2,638			2,051
Reductions due to settlements with taxing authorities		(296	)		(941	)		—
Reductions due to lapse of statute of limitations		(6,093	)		—			(1,418	)
Total amount of gross unrecognized tax benefits at end of year	$	13,725		$	21,166		$	19,469