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INCOME TAXES (Tables)
6 Months Ended
Dec. 31, 2021
INCOME TAXES  
Components of income before income taxes

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended

​

Fiscal Years Ended

​

​

December 31, 

​

June 30,

​

June 30,

​

June 30,

​

​

2021

​

2021

​

2020

​

2019

United States

    

$

68,239

    

$

130,175

    

$

35,446

    

$

(3,776)

Foreign

​

 

100,597

​

 

209,468

​

 

157,150

​

 

110,353

​

​

$

168,836

​

$

339,643

​

$

192,596

​

$

106,577

Components of income tax expense (benefit)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended

​

Fiscal Years Ended

​

​

December 31, 

​

June 30,

​

June 30,

​

June 30,

​

​

2021

​

2021

​

2020

​

2019

Current:

    

​

  

    

​

  

    

​

  

    

​

  

Federal

​

$

19,285

​

$

38,146

​

$

18,320

​

$

(6,974)

State

​

 

(503)

​

 

867

​

 

347

​

 

(13)

Foreign

​

 

8,716

​

 

(2,602)

​

 

10,078

​

 

26,230

​

​

$

27,498

​

$

36,411

​

$

28,745

​

$

19,243

Deferred and others:

​

 

  

​

 

  

​

 

  

​

 

  

Federal

​

$

104

​

$

376

​

$

(1,047)

​

$

916

State

​

 

2

​

 

(2)

​

 

(19)

​

 

17

Foreign

​

 

2,404

​

 

82

​

 

(31,333)

​

 

(2,678)

​

​

$

2,510

​

$

456

​

$

(32,399)

​

$

(1,745)

Total income tax expense (benefit)

​

$

30,008

​

$

36,867

​

$

(3,654)

​

$

17,498

Schedule of income tax expense (benefit) and effective tax rate

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended

​

Fiscal Years Ended

​

​

​

December 31, 

​

June 30,

​

June 30,

​

June 30,

​

​

​

2021

​

2021

​

2020

​

2019

Total expense (benefit) computed by applying federal rates

​

    

$

35,456

    

$

71,325

    

$

40,445

    

$

22,381

State and provincial income taxes, net of federal benefit

​

​

 

518

​

 

874

​

 

304

​

 

135

Excess depletion

​

​

 

(1,363)

​

 

(1,812)

​

 

(1,291)

​

 

(867)

Estimates for uncertain tax positions

​

​

 

(910)

​

 

(26,179)

​

 

(11,146)

​

 

3,180

Statutory tax attributable to non-controlling interest

​

​

 

(219)

​

 

(72)

​

 

654

​

 

1,013

Effect of foreign earnings

​

​

 

(3,896)

​

 

(7,659)

​

 

(8,249)

​

 

(6,921)

Unrealized foreign exchange gains

​

​

 

54

​

 

(616)

​

 

(286)

​

 

(38)

Effects of Swiss income tax reform

​

​

​

—

​

​

—

​

​

(72,669)

​

​

—

Rate adjustment

​

​

​

1,694

​

​

—

​

​

—

​

​

—

Changes in estimates

​

​

 

(2,614)

​

 

(858)

​

 

24

​

 

(1,538)

Valuation allowance

​

​

​

833

​

​

1,284

​

​

47,840

​

​

(47)

Other

​

​

 

455

​

 

580

​

 

720

​

 

200

Total income tax expense (benefit)

​

​

$

30,008

​

$

36,867

​

$

(3,654)

​

$

17,498

Schedule of deferred tax assets and liabilities

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 

​

June 30,

​

June 30,

​

​

2021

​

2021

​

2020

Deferred tax assets:

    

​

  

    

​

  

    

​

  

Stock-based compensation

​

$

1,490

​

$

1,500

​

$

1,313

Net operating losses

​

 

168

​

 

74

​

 

104

Foreign tax credits

​

​

28,148

​

​

24,615

​

​

17,159

Amortizable tax goodwill

​

​

57,926

​

​

62,191

​

​

67,287

Other

​

 

4,175

​

 

4,608

​

 

7,713

Total deferred tax assets

​

 

91,907

​

 

92,988

​

 

93,576

Valuation allowance

​

 

(62,721)

​

 

(61,888)

​

 

(60,604)

Net deferred tax assets

​

$

29,186

​

$

31,100

​

$

32,972

Deferred tax liabilities:

​

 

  

​

 

  

​

 

  

Mineral property basis

​

$

(70,922)

​

$

(70,352)

​

$

(67,639)

Unrealized foreign exchange gains

​

 

(582)

​

 

(582)

​

 

(582)

Investment in Peak Gold joint venture

​

​

—

​

​

—

​

​

(3,955)

Other

​

 

(199)

​

 

(172)

​

 

(346)

Total deferred tax liabilities

​

 

(71,703)

​

 

(71,106)

​

 

(72,522)

Total net deferred taxes

​

$

(42,517)

​

$

(40,006)

​

$

(39,550)

Reconciliation of beginning and ending amount of gross unrecognized tax benefit

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended

​

Fiscal Years Ended

​

​

December 31, 

​

June 30,

​

June 30,

​

June 30,

​

​

2021

​

2021

​

2020

​

2019

Total gross unrecognized tax benefits at beginning of year

    

$

652

    

$

25,389

    

$

36,547

    

$

36,346

Additions / Reductions for tax positions of current year

​

 

—

​

 

—

​

 

537

​

 

1,709

Additions / Reductions for tax positions of prior years

​

​

(60)

​

​

(812)

​

​

(694)

​

​

(912)

Reductions due to settlements with taxing authorities

​

 

(592)

​

 

(23,925)

​

 

(11,001)

​

 

(596)

Total amount of gross unrecognized tax benefits at end of year

​

$

—

​

$

652

​

$

25,389

​

$

36,547