Income Taxes (Tables)

12 Months Ended

Jun. 30, 2014

Income Taxes

Income (loss) before provision for (benefit from) income taxes

	Year Ended June 30,
	2014		2013		2012
	(Dollars in Thousands)
Domestic	$	121,329	$	54,587	$	(14,086	)
Foreign		7,204		2,851		(1,066	)
Income (loss) before provision for (benefit from) income taxes	$	128,533	$	57,438	$	(15,152	)

(Benefit from) Provision for Income Taxes

	Year Ended June 30,
	2014		2013			2012
	(Dollars in Thousands)
Federal—
Current	$	—	$	—		$	—
Deferred		32,996		7,867			(3,409	)
State—
Current		528		136			191
Deferred		1,005		693			33
Foreign—
Current		7,785		7,068			3,292
Deferred		436		(3,588	)		(1,451	)
	$	42,750	$	12,176		$	(1,344	)

Income Tax Reconciliation Based on Federal Statutory Rate

	Year Ended June 30,
	2014			2013			2012
	(Dollars in Thousands)
Federal tax provision (benefit) at statutory rate	$	44,989		$	20,103		$	(5,303	)
State income taxes		78			88			124
Subpart F and dividend income		6,667			4,456			4,189
Foreign taxes and rate differences		1,881			2,298			1,001
Stock-based compensation		631			900			2,968
Tax credits		(8,902	)		(4,816	)		(3,913	)
Tax contingencies		(261	)		(168	)		(2,385	)
Return to provision adjustments		150			(149	)		442
Domestic production activity deduction		(2,443	)		—			—
Valuation allowance		(16	)		(1,813	)		1,431
Benefit from foreign restructuring		—			(9,266	)		—
Other		(24	)		543			102
Provision for (benefit from) income taxes	$	42,750		$	12,176		$	(1,344	)

Deferred Tax Assets and Liabilities

	Year Ended June 30,
	2014			2013
	(Dollars in Thousands)
Deferred tax assets:
Federal and state credits	$	4,354		$	4,918
Foreign tax credits		4,752			33,310
Federal and state loss carryforwards		104			6,221
Capital loss carryforwards		8,012			8,076
Foreign loss carryforwards		1,672			1,653
Deferred revenue		4,823			4,198
Restructuring accruals		26			34
Other reserves and accruals		6,074			4,834
Intangible assets		419			719
Property, leasehold improvements, and other basis differences		2,005			2,829
Other temporary differences		3,065			3,504
		35,306			70,296
Deferred tax liabilities:
Deferred revenue		(194	)		(151	)
Intangible assets		(1,295	)		(1,444	)
Property, leasehold improvements, and other basis differences		(298	)		(16	)
Other temporary differences		(826	)		(677	)
		(2,613	)		(2,288	)
Valuation allowance		(9,959	)		(9,943	)
Net deferred tax assets	$	22,734		$	58,065

Reconciliation of Reserve for Uncertain Tax Positions

	Year Ended June 30,
	2014			2013			2012
	(Dollars in Thousands)
Uncertain tax positions, beginning of year	$	22,031		$	21,906		$	24,835
Gross increases—tax positions in prior period		112			1,150			2,072
Gross decreases—tax positions in prior period		—			—			(1,468	)
Gross increases—tax positions in current period		—			—			—
Gross decreases—lapse of statutes		(823	)		(1,172	)		(2,954	)
Currency translation adjustment		(127	)		147			(579	)
Uncertain tax positions, end of year	$	21,193		$	22,031		$	21,906