INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2016

INCOME TAXES

Components of income before income taxes

	Fiscal Years Ended June 30,
	2016			2015		2014
	(Amounts in thousands)
United States	$	(230	)	$	17,569	$	17,033
Foreign		(21,528	)		44,675		65,894
	$	(21,758	)	$	62,244	$	82,927

Components of income tax expense

	Fiscal Years Ended June 30,
	2016			2015			2014
	(Amounts in thousands)
Current:
Federal	$	45,878		$	22,418		$	(3,663	)
State		135			(36	)		334
Foreign		19,650			14,835			30,950
	$	65,663		$	37,217		$	27,621
Deferred and others:
Federal	$	(6,986	)	$	(5,506	)	$	(4,122	)
State		(78	)		(49	)		(26	)
Foreign		2,081			(22,096	)		(4,018	)
	$	(4,983	)	$	(27,651	)	$	(8,166	)
Total income tax expense	$	60,680		$	9,566		$	19,455

Schedule of income tax expense and effective tax rate

	Fiscal Years Ended June 30,
	2016			2015			2014
	(Amounts in thousands)
Total expense computed by applying federal rates	$	(7,615	)	$	21,786		$	29,024
State and provincial income taxes, net of federal benefit		(1	)		25			334
Excess depletion		(882	)		(1,429	)		(1,114	)
Estimates for uncertain tax positions		1,866			1,404			(7,386	)
Statutory tax attributable to non-controlling interest		1,838			(211	)		(293	)
Effect of foreign earnings		61,576			6,536			1,141
Effect of foreign earnings indefinitely reinvested		3,406			(7,601	)		(1,700	)
Canadian rate adjustment		—			4,070			—
Chilean tax reform		—			(2,481	)		—
Unrealized foreign exchange gains		(2,439	)		(10,949	)		(367	)
Changes in estimates		1,641			(359	)		(594	)
Other		1,290			(1,225	)		410
	$	60,680		$	9,566		$	19,455

Schedule of deferred tax assets and liabilities

	2016			2015
	(Amounts in thousands)
Deferred tax assets:
Stock-based compensation	$	5,691		$	4,393
Net operating losses		12,385			16,087
Other		4,610			3,904
Total deferred tax assets		22,686			24,384
Valuation allowance		(2,100	)		(4,262	)
Net deferred tax assets	$	20,586		$	20,122
Deferred tax liabilities:
Mineral property basis	$	(127,337	)	$	(133,646	)
Unrealized foreign exchange gains		(1,273	)		936
2019 Notes		(12,639	)		(16,384	)
Other		(124	)		(1,658	)
Total deferred tax liabilities		(141,373	)		(150,752	)
Total net deferred taxes	$	(120,787	)	$	(130,630	)

Reconciliation of beginning and ending amount of gross unrecognized tax benefit

	2016		2015			2014
	(Amounts in thousands)
Total gross unrecognized tax benefits at beginning of year	$	15,130	$	13,725		$	21,166
Additions / Reductions for tax positions of current year		1,866		1,662			(1,052	)
Reductions due to settlements with taxing authorities		—		(257	)		(296	)
Reductions due to lapse of statute of limitations		—		—			(6,093	)
Total amount of gross unrecognized tax benefits at end of year	$	16,996	$	15,130		$	13,725