INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2015

INCOME TAXES

Components of income before income taxes

	Fiscal Years Ended June 30,
	2015		2014		2013
	(Amounts in thousands)
United States	$	17,569	$	17,033	$	65,851
Foreign		44,675		65,894		71,317
	$	62,244	$	82,927	$	137,168

Components of income tax expense

	Fiscal Years Ended June 30,
	2015			2014			2013
	(Amounts in thousands)
Current:
Federal	$	22,418		$	(3,663	)	$	30,061
State		(36	)		334			368
Foreign		14,835			30,950			44,749
	$	37,217		$	27,621		$	75,178
Deferred and others:
Federal	$	(5,506	)	$	(4,122	)	$	(4,341	)
State		(49	)		(26	)		(27	)
Foreign		(22,096	)		(4,018	)		(7,051	)
	$	(27,651	)	$	(8,166	)	$	(11,419	)
Total income tax expense	$	9,566		$	19,455		$	63,759

Schedule of income tax expense and effective tax rate

	Fiscal Years Ended June 30,
	2015			2014			2013
	(Amounts in thousands)
Total expense computed by applying federal rates	$	21,786		$	29,024		$	48,009
State and provincial income taxes, net of federal benefit		25			334			368
Excess depletion		(1,429	)		(1,114	)		(1,395	)
Estimates for uncertain tax positions		1,404			(7,386	)		1,868
Statutory tax attributable to non-controlling interest		(211	)		(293	)		(1,236	)
Effect of foreign earnings		6,536			1,141			4,223
Effect of foreign earnings indefinitely reinvested		(7,601	)		(1,700	)		—
Effect of recognized loss on available-for-sale securities		—			562			4,239
Canadian rate adjustment		4,070			—			—
Chilean tax reform		(2,481	)		—			—
Unrealized foreign exchange gains		(10,949	)		(367	)		1,146
Changes in estimates and corrected errors of prior year tax		(359	)		(594	)		4,979
Other		(1,225	)		(152	)		1,558
	$	9,566		$	19,455		$	63,759

Schedule of deferred tax assets and liabilities

	2015			2014
	(Amounts in thousands)
Deferred tax assets:
Stock-based compensation	$	4,393		$	3,511
Net operating losses		16,087			19,322
Other		3,904			7,068
Total deferred tax assets		24,384			29,901
Valuation allowance		(4,262	)		(4,933	)
Net deferred tax assets	$	20,122		$	24,968
Deferred tax liabilities:
Mineral property basis	$	(133,646	)	$	(158,301	)
Unrealized foreign exchange gains		936			(3,072	)
2019 Notes		(16,384	)		(20,002	)
Other		(1,658	)		(2,239	)
Total deferred tax liabilities		(150,752	)		(183,614	)
Total net deferred taxes	$	(130,630	)	$	(158,646	)

Reconciliation of beginning and ending amount of gross unrecognized tax benefit

	2015			2014			2013
	(Amounts in thousands)
Total gross unrecognized tax benefits at beginning of year	$	13,725		$	21,166		$	19,469
Additions / Reductions for tax positions of current year		1,662			(1,052	)		2,638
Reductions due to settlements with taxing authorities		(257	)		(296	)		(941	)
Reductions due to lapse of statute of limitations		—			(6,093	)		—
Total amount of gross unrecognized tax benefits at end of year	$	15,130		$	13,725		$	21,166