Income Taxes (Tables)

12 Months Ended

Jun. 30, 2015

Income Taxes

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

	Year Ended June 30,
	2015		2014		2013
	(Dollars in Thousands)
Domestic	$	175,805	$	121,329	$	54,587
Foreign		3,666		7,204		2,851
Income (loss) before provision for (benefit from) income taxes	$	179,471	$	128,533	$	57,438

Provision for (benefit from) income taxes

	Year Ended June 30,
	2015			2014		2013
	(Dollars in Thousands)
Federal—
Current	$	—		$	—	$	—
Deferred		55,895			32,996		7,867
State—
Current		2,176			528		136
Deferred		729			1,005		693
Foreign—
Current		3,382			7,785		7,068
Deferred		(1,118	)		436		(3,588	)
	$	61,064		$	42,750	$	12,176

Income tax reconciliation based on federal statutory rate

	Year Ended June 30,
	2015			2014			2013
	(Dollars in Thousands)
Federal tax provision (benefit) at statutory rate	$	62,815		$	44,989		$	20,103
State income taxes		2,114			78			88
Subpart F and dividend income		2,799			6,667			4,456
Foreign taxes and rate differences		(222	)		1,881			2,298
Stock-based compensation		763			631			900
Tax credits		(3,562	)		(8,902	)		(4,816	)
Tax contingencies		(641	)		(261	)		(168	)
Return to provision adjustments		384			150			(149	)
Domestic Production Activity Deduction		(3,600	)		(2,443	)		—
Valuation allowance		176			(16	)		(1,813	)
Benefit from foreign restructuring		—			—			(9,266	)
Other		38			(24	)		543
Provision for (benefit from) income taxes	$	61,064		$	42,750		$	12,176

Deferred tax assets and liabilities

	Year Ended June 30,
	2015			2014
	(Dollars in Thousands)
Deferred tax assets:
Federal and state credits	$	2,144		$	4,354
Foreign tax credits		—			4,752
Federal and state loss carryforwards					104
Capital loss carryforwards		8,028			8,012
Foreign loss carryforwards		2,133			1,672
Deferred revenue		5,620			4,823
Restructuring accruals		19			26
Other reserves and accruals		6,819			6,074
Intangible assets		2,478			419
Property, leasehold improvements, and other basis differences		2,136			2,005
Other temporary differences		2,916			3,065
		32,293			35,306
Deferred tax liabilities:
Deferred revenue		(1,362	)		(194	)
Intangible assets		(1,065	)		(1,295	)
Property, leasehold improvements, and other basis differences		(2,812	)		(298	)
Other temporary differences		(645	)		(826	)
		(5,884	)		(2,613	)
Valuation allowance		(10,144	)		(9,959	)
Net deferred tax assets	$	16,265		$	22,734

Reconciliation of reserve for uncertain tax positions

	Year Ended June 30,
	2015			2014			2013
	(Dollars in Thousands)
Uncertain tax positions, beginning of year	$	21,193		$	22,031		$	21,906
Gross increases—tax positions in prior period		238			112			1,150
Gross decreases—lapse of statutes		(1,024	)		(823	)		(1,172	)
Currency translation adjustment		(537	)		(127	)		147
Uncertain tax positions, end of year	$	19,870		$	21,193		$	22,031