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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