INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2021

INCOME TAXES

Components of income before income taxes

	Fiscal Year Ended June 30,
	2021		2020		2019
	(Amounts in thousands)
United States	$	130,175	$	35,446	$	(3,776)
Foreign		209,468		157,150		110,353
	$	339,643	$	192,596	$	106,577

Components of income tax expense (benefit)

	Fiscal Year Ended June 30,
	2021		2020		2019
	(Amounts in thousands)
Current:
Federal	$	38,146	$	18,320	$	(6,974)
State		867		347		(13)
Foreign		(2,602)		10,078		26,230
	$	36,411	$	28,745	$	19,243
Deferred and others:
Federal	$	376	$	(1,047)	$	916
State		(2)		(19)		17
Foreign		82		(31,333)		(2,678)
	$	456	$	(32,399)	$	(1,745)
Total income tax expense (benefit)	$	36,867	$	(3,654)	$	17,498

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

	Fiscal Year Ended June 30,
	2021		2020		2019
	(Amounts in thousands)
Total expense (benefit) computed by applying federal rates	$	71,325	$	40,445	$	22,381
State and provincial income taxes, net of federal benefit		874		304		135
Excess depletion		(1,812)		(1,291)		(867)
Estimates for uncertain tax positions		(26,179)		(11,146)		3,180
Statutory tax attributable to non-controlling interest		(72)		654		1,013
Effect of foreign earnings		(7,659)		(8,249)		(6,921)
Unrealized foreign exchange gains		(616)		(286)		(38)
Effects of Swiss income tax reform		—		(72,669)		—
Changes in estimates		(858)		24		(1,538)
Valuation allowance		1,284		47,840		(47)
Other		580		720		200
Total income tax expense (benefit)	$	36,867	$	(3,654)	$	17,498

Schedule of deferred tax assets and liabilities

	2021		2020
	(Amounts in thousands)
Deferred tax assets:
Stock-based compensation	$	1,500	$	1,313
Net operating losses		74		104
Foreign tax credits		24,615		17,159
Amortizable tax goodwill		62,191		67,287
Other		4,608		7,713
Total deferred tax assets		92,988		93,576
Valuation allowance		(61,888)		(60,604)
Net deferred tax assets	$	31,100	$	32,972
Deferred tax liabilities:
Mineral property basis	$	(70,352)	$	(67,639)
Unrealized foreign exchange gains		(582)		(582)
Investment in Peak Gold joint venture		—		(3,955)
Other		(172)		(346)
Total deferred tax liabilities		(71,106)		(72,522)
Total net deferred taxes	$	(40,006)	$	(39,550)

Reconciliation of beginning and ending amount of gross unrecognized tax benefit

	2021		2020		2019
	(Amounts in thousands)
Total gross unrecognized tax benefits at beginning of year	$	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		(812)		(694)		(912)
Reductions due to settlements with taxing authorities		(23,925)		(11,001)		(596)
Total amount of gross unrecognized tax benefits at end of year	$	652	$	25,389	$	36,547