INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2017

INCOME TAXES

Components of income before income taxes

	Fiscal Year Ended June 30,
	2017		2016		2015
	(Amounts in thousands)
United States	$	15,253	$	(230)	$	17,569
Foreign		103,613		(21,528)		44,675
	$	118,866	$	(21,758)	$	62,244

Components of income tax expense

	Fiscal Year Ended June 30,
	2017		2016		2015
	(Amounts in thousands)
Current:
Federal	$	13,975	$	45,878	$	22,418
State		308		135		(36)
Foreign		10,602		19,650		14,835
	$	24,885	$	65,663	$	37,217
Deferred and others:
Federal	$	(1,443)	$	(6,986)	$	(5,506)
State		(18)		(78)		(49)
Foreign		3,017		2,081		(22,096)
	$	1,556	$	(4,983)	$	(27,651)
Total income tax expense	$	26,441	$	60,680	$	9,566

Schedule of income tax expense and effective tax rate

	Fiscal Year Ended June 30,
	2017		2016		2015
	(Amounts in thousands)
Total expense computed by applying federal rates	$	41,603	$	(7,615)	$	21,786
State and provincial income taxes, net of federal benefit		78		(1)		25
Excess depletion		(1,517)		(882)		(1,429)
Estimates for uncertain tax positions		2,870		1,866		1,404
Statutory tax attributable to non-controlling interest		3,162		1,838		(211)
Effect of foreign earnings		3,046		61,576		6,536
Effect of foreign earnings indefinitely reinvested		(22,922)		3,406		(7,601)
Canadian rate adjustment		—		—		4,070
Chilean tax reform		—		—		(2,481)
Unrealized foreign exchange gains		(746)		(2,439)		(10,949)
Changes in estimates		(3,676)		1,641		(359)
Valuation allowance		4,374		849		—
Other		169		441		(1,225)
	$	26,441	$	60,680	$	9,566

Schedule of deferred tax assets and liabilities

	2017		2016
	(Amounts in thousands)
Deferred tax assets:
Stock-based compensation	$	5,979	$	5,691
Net operating losses		5,341		12,385
Foreign tax credits		19,869		—
Other		7,382		4,610
Total deferred tax assets		38,571		22,686
Valuation allowance		(6,474)		(2,100)
Net deferred tax assets	$	32,097	$	20,586
Deferred tax liabilities:
Mineral property basis	$	(122,870)	$	(127,337)
Unrealized foreign exchange gains		(1,097)		(1,273)
2019 Notes		(8,634)		(12,639)
Investment in the Peak Gold JV		(5,475)		—
Other		(595)		(124)
Total deferred tax liabilities		(138,671)		(141,373)
Total net deferred taxes	$	(106,574)	$	(120,787)

Reconciliation of beginning and ending amount of gross unrecognized tax benefit

	2017		2016		2015
	(Amounts in thousands)
Total gross unrecognized tax benefits at beginning of year	$	26,960	$	26,120	$	23,956
Additions / Reductions for tax positions of current year		1,394		840		2,421
Additions / Reductions for tax positions of prior years		188		—		—
Reductions due to settlements with taxing authorities		—		—		(257)
Reductions due to lapse of statute of limitations		—		—		—
Total amount of gross unrecognized tax benefits at end of year	$	28,542	$	26,960	$	26,120