v3.26.1
Income Taxes (Tables)
 12 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]
The following is a summary of our income (loss) before income taxes by geography:
Year Ended June 30,
202620252024
Domestic (Ireland)$(72,850)$(130,469)$(211,304)
Foreign225,742 227,428 339,750 
Income before income taxes$152,892 $96,959 $128,446 
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
The components of the (benefit) provision for income taxes are as follows:
Year Ended June 30,
202620252024
Current tax expense (benefit):
Federal (Ireland)$715 $(8,831)$(2,846)
Foreign 50,751 51,357 45,668 
Total Current tax expense (benefit)51,466 42,526 42,821 
Deferred tax expense(benefit):
Federal (Ireland)— — — 
Foreign4,312 41,581 (92,183)
Total Deferred tax expense (benefit)4,312 41,581 (92,183)
Income tax expense (benefit)$55,778 $84,107 $(49,362)
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
We adopted Accounting Standards Update No. 2023-09 "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" (ASU 2023-09) for the annual period ended June 30, 2026 on a retrospective basis for all periods presented. In accordance with ASU 2023-09, the following is a reconciliation of the standard federal statutory tax rate in our country of domicile, which is the Irish trading rate of 12.5%, and our effective tax rate:
Year Ended June 30,
202620252024
Irish federal statutory tax rate$19,112 12.5 %$12,120 12.5 %$16,056 12.5 %
Foreign tax effects
Australia
Changes in valuation allowances(3,166)(2.1)%(638)(0.7)%(427)(0.3)%
Other(575)(0.4)%1,136 1.2 %462 0.4 %
Bermuda
Changes in valuation allowances(2,360)(1.5)%4,721 4.9 %— — %
Other406 0.3 %(1,350)(1.4)%(262)(0.2)%
Brazil
Statutory tax rate difference between Brazil and Ireland(2,063)(1.3)%(1,698)(1.8)%(1,212)(0.9)%
Changes in valuation allowances2,920 1.9 %2,667 2.8 %1,904 1.5 %
Other342 0.2 %18 — %13 — %
Canada
State and local income tax, net of federal (national) income tax effect (1)1,367 0.9 %1,581 1.6 %1,437 1.1 %
Other425 0.3 %798 0.8 %1,300 1.0 %
France
Changes in valuation allowances(854)(0.6)%(50)(0.1)%1,061 0.8 %
Other313 0.2 %136 0.1 %(679)(0.5)%
Germany
Year Ended June 30,
202620252024
Statutory tax rate difference between Germany and Ireland1,121 0.7 %1,534 1.6 %1,843 1.4 %
State and local income tax, net of federal (national) income tax effect (2)5,720 3.7 %7,597 7.8 %8,484 6.6 %
Other(669)(0.4)%974 1.0 %(1,338)(1.0)%
Italy
Statutory tax rate difference between Italy and Ireland3,367 2.2 %5,861 6.0 %5,522 4.3 %
State and local income tax, net of federal (national) income tax effect (3)1,850 1.2 %2,488 2.6 %1,558 1.2 %
Other(1,547)(1.0)%2,081 2.1 %723 0.6 %
Japan
Statutory tax rate difference between Japan and Ireland(138)(0.1)%3,151 3.2 %(591)(0.5)%
Changes in valuation allowances388 0.3 %(6,526)(6.7)%1,455 1.1 %
Other(172)(0.1)%1,284 1.3 %(510)(0.4)%
The Netherlands
Statutory tax rate difference between The Netherlands and Ireland926 0.6 %1,410 1.5 %2,617 2.0 %
Other2,449 1.6 %(801)(0.8)%117 0.1 %
Spain
Statutory tax rate difference between Spain and Ireland821 0.5 %1,074 1.1 %1,010 0.8 %
Other582 0.4 %(236)(0.2)%(239)(0.2)%
Switzerland
Statutory tax rate difference between Switzerland and Ireland(4,092)(2.7)%(5,266)(5.4)%(4,726)(3.7)%
State and local income tax, net of federal (national) income tax effect (4)10,754 7.0 %36,586 37.7 %(83,969)(65.4)%
Changes in valuation allowances(10)— %13 — %(19,184)(14.9)%
Other(479)(0.3)%789 0.8 %(94)(0.1)%
United States
Statutory tax rate difference between the United States and Ireland(299)(0.2)%(1,830)(1.9)%(1,918)(1.5)%
Tax credits
Research and development tax credits(2,849)(1.9)%(1,462)(1.5)%(3,146)(2.4)%
Other(4)— %(18)— %(27)— %
Changes in valuation allowances(1,565)(1.0)%235 0.2 %11,859 9.2 %
Nontaxable or nondeductible items
U.S. IRC Section 162(m)484 0.3 %2,666 2.7 %361 0.3 %
Stock compensation windfall(99)(0.1)%(487)(0.5)%(1,577)(1.2)%
Interest expense141 0.1 %1,887 1.9 %— — %
Royalty expense1,148 0.8 %1,620 1.7 %— — %
Other2,078 1.4 %513 0.5 %162 0.1 %
Other725 0.5 %(660)(0.7)%(1,167)(0.9)%
Other foreign jurisdictions5,648 3.7 %4,337 4.5 %3,636 2.8 %
Effect of cross-border tax laws
Tax on repatriated earnings— — %— — %7,420 5.8 %
Tax credits
Foreign tax credits— — %6,468 6.7 %(31,795)(24.8)%
Changes in valuation allowances(424)(0.3)%(4,252)(4.4)%27,334 21.3 %
Nontaxable or nondeductible items
Interest expense5,559 3.6 %9,392 9.7 %7,043 5.5 %
Stock compensation1,507 1.0 %1,392 1.4 %2,039 1.6 %
Intercompany debt forgiveness— — %2,172 2.2 %— — %
Year Ended June 30,
202620252024
Other2,213 1.4 %910 0.9 %794 0.6 %
Changes in unrecognized tax benefits3,808 2.5 %(9,804)(10.1)%303 0.2 %
Other adjustments969 0.6 %(426)(0.4)%(3,014)(2.3)%
Effective income tax rate$55,778 36.5 %$84,107 86.7 %$(49,362)(38.4)%
_____________________
(1) Ontario accounted for the majority (greater than 50 percent) of the tax effect in this category for all periods presented.
(2) Trade tax for Berlin and Backnang accounted for the majority (greater than 50 percent) of the tax effect in this category for all periods presented.
(3) Imposta Regionale sulle Attivita Produttive (IRAP) for Veneto accounted for the majority (greater than 50 percent) of the tax effect in this category for all periods presented.
(4) Cantonal tax for Zurich accounted for the majority (greater than 50 percent) of the tax effect in this category for all periods presented. This includes changes in valuation allowances of $26,804 and $(86,581) for fiscal years 2025 and 2024, respectively.
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
Significant components of our deferred income tax assets and liabilities consisted of the following at June 30, 2026 and 2025:
June 30, 2026June 30, 2025
Deferred tax assets:
Swiss tax-amortizable goodwill$131,413 $141,872 
Net operating loss carryforwards52,417 59,476 
Leases43,212 30,377 
Depreciation and amortization4,010 4,352 
Accrued expenses16,681 14,117 
Share-based compensation19,134 18,809 
Tax credit and other carryforwards
63,627 61,626 
Derivative financial instruments7,765 10,603 
U.S. Internal Revenue Code Section 174 capitalization
6,630 6,254 
Interest limitation carryforwards
33,737 29,796 
Other2,403 996 
Subtotal381,029 378,278 
Valuation allowance(236,293)(248,367)
Total deferred tax assets144,736 129,911 
Deferred tax liabilities:
Depreciation and amortization(54,809)(42,237)
Leases(41,672)(28,527)
Tax on unremitted earnings(9,363)(9,045)
Derivative financial instruments(4,619)(2,116)
Other(7,830)(10,208)
Total deferred tax liabilities(118,293)(92,133)
Net deferred tax assets$26,443 $37,778 
Summary of Valuation Allowance [Table Text Block]
A reconciliation of the beginning and ending amount of the valuation allowance for the year ended June 30, 2026 is as follows:
Balance at June 30, 2025
$248,367 
Charges to earnings (1)(8,155)
Charges to other accounts (2)(3,919)
Balance at June 30, 2026
$236,293 
_________________
(1) Amount is primarily related to tax loss expirations in certain jurisdictions (mainly Japan), a release of the valuation allowance in Australia, and unrealized gains on derivative financial instruments included in comprehensive income, offset by increased losses in certain jurisdictions (mainly Brazil).
(2) Amount is primarily related to unrealized gains on derivative financial instruments included in accumulated other comprehensive loss.
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]
A reconciliation of the gross beginning and ending amount of unrecognized tax benefits is as follows:
Balance June 30, 2023$15,624 
Additions based on tax positions related to the current tax year450 
Additions based on tax positions related to prior tax years405 
Reductions based on tax positions related to prior tax years(527)
Reductions due to audit settlements(264)
Reductions due to lapse of statute of limitations(1,021)
Cumulative translation adjustment(13)
Balance June 30, 2024$14,654 
Additions based on tax positions related to the current tax year5,272 
Additions based on tax positions related to prior tax years51 
Reductions based on tax positions related to prior tax years(289)
Reductions due to audit settlements(237)
Reductions due to lapse of statute of limitations(7,506)
Cumulative translation adjustment(1)
Balance June 30, 2025$11,944 
Additions based on tax positions related to the current tax year388 
Additions based on tax positions related to prior tax years4,763 
Reductions based on tax positions related to prior tax years(1,079)
Reductions due to audit settlements(127)
Reductions due to lapse of statute of limitations(460)
Cumulative translation adjustment19 
Balance June 30, 2026$15,448 
Schedule of Cash Flow, Supplemental Disclosures
The following table presents the net income taxes paid, disaggregated by jurisdiction:
Year Ended June 30,
202620252024
Federal (Ireland)$20 $26 $26 
Foreign
Canada*3,579 3,714 
Germany20,725 12,306 21,975 
India3,071 2,651  *
Italy13,529 11,599 9,065 
The Netherlands4,664 4,283 6,177 
Switzerland4,565 **
United States*(9,350) *
Other foreign12,118 8,194 8,457 
Total income taxes paid$58,692 $33,288 $49,414 
* Jurisdiction is below 5% of the total for the period