INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2019

INCOME TAXES

Components of (loss) income before income taxes

	Fiscal Year Ended June 30,
	2019		2018		2017
	(Amounts in thousands)
United States	$	(3,776)	$	(39,662)	$	15,253
Foreign		110,353		(64,917)		103,613
	$	106,577	$	(104,579)	$	118,866

Components of income tax expense

	Fiscal Year Ended June 30,
	2019		2018		2017
	(Amounts in thousands)
Current:
Federal	$	(6,974)	$	24,621	$	13,975
State		(13)		253		308
Foreign		26,230		22,741		10,602
	$	19,243	$	47,615	$	24,885
Deferred and others:
Federal	$	916	$	(2,253)	$	(1,443)
State		17		(223)		(18)
Foreign		(2,678)		(30,367)		3,017
	$	(1,745)	$	(32,843)	$	1,556
Total income tax expense	$	17,498	$	14,772	$	26,441

Schedule of income tax expense and effective tax rate

	Fiscal Year Ended June 30,
	2019		2018		2017
	(Amounts in thousands)
Total expense computed by applying federal rates	$	22,381	$	(29,343)	$	41,603
State and provincial income taxes, net of federal benefit		135		(104)		78
Excess depletion		(867)		(1,440)		(1,517)
Estimates for uncertain tax positions		3,180		8,574		2,870
Statutory tax attributable to non-controlling interest		1,013		1,736		3,162
Effect of foreign earnings		(6,921)		1,230		3,046
Effect of foreign earnings indefinitely reinvested		—		(19,004)		(22,922)
Realized foreign exchange gains		—		18,330		—
Unrealized foreign exchange gains		(38)		(1,610)		(746)
Effects of US income tax reform		—		30,675		—
Changes in estimates		(1,538)		(70)		(3,676)
Valuation allowance		(47)		6,337		4,374
Other		200		(539)		169
	$	17,498	$	14,772	$	26,441

Schedule of deferred tax assets and liabilities

	2019		2018
	(Amounts in thousands)
Deferred tax assets:
Stock-based compensation	$	1,118	$	805
Net operating losses		56		1,933
Foreign tax credits		11,125		11,172
Other		7,960		7,346
Total deferred tax assets		20,259		21,256
Valuation allowance		(12,764)		(12,811)
Net deferred tax assets	$	7,495	$	8,445
Deferred tax liabilities:
Mineral property basis	$	(74,360)	$	(74,274)
Unrealized foreign exchange gains		(582)		(664)
2019 Notes		—		(2,631)
Investment in Peak Gold joint venture		(4,353)		(4,359)
Other		(150)		(213)
Total deferred tax liabilities		(79,445)		(82,141)
Total net deferred taxes	$	(71,950)	$	(73,696)

Reconciliation of beginning and ending amount of gross unrecognized tax benefit

	2019		2018		2017
	(Amounts in thousands)
Total gross unrecognized tax benefits at beginning of year	$	36,346	$	28,542	$	26,960
Additions / Reductions for tax positions of current year		1,709		1,624		1,394
Additions / Reductions for tax positions of prior years		(912)		6,180		188
Reductions due to settlements with taxing authorities		(596)		—		—
Reductions due to lapse of statute of limitations		—		—		—
Total amount of gross unrecognized tax benefits at end of year	$	36,547	$	36,346	$	28,542