Annual report pursuant to Section 13 and 15(d)

INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details)

v3.20.2
INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Jun. 30, 2020
Jun. 30, 2019
Deferred tax assets:    
Tax credits and net operating losses $ 214,305 $ 208,572
Employee benefits accrual 67,729 65,065
Stock-based compensation 8,871 9,432
Inventory reserves 73,939 67,249
Non-deductible reserves 20,526 21,633
Unearned revenue 15,786 16,126
Unrealized loss on investments 5,345 1,492
Other 66,667 55,518
Gross deferred tax assets 473,168 445,087
Valuation allowance (181,846) (166,571)
Net deferred tax assets 291,322 278,516
Deferred tax liabilities:    
Unremitted earnings of foreign subsidiaries not indefinitely reinvested (257,757) (243,491)
Deferred profit (18,111) (15,718)
Depreciation and amortization (439,685) (515,643)
Total deferred tax liabilities (715,553) (774,852)
Total net deferred tax assets (liabilities) $ (424,231) $ (496,336)