Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v2.4.0.8
Income Taxes (Tables)
12 Months Ended
Jun. 30, 2013
Income Tax Disclosure [Abstract]
Schedule of Income before Income Taxes, Domestic and Foreign
The components of income before income taxes are as follows:
Year ended June 30,
(In thousands)
2013
2012
2011
Domestic income before income taxes
$
420,862

$
607,146

$
752,163

Foreign income before income taxes
269,759

366,948

357,903

Total income before income taxes
$
690,621

$
974,094

$
1,110,066

Schedule of Components of Income Tax Expense (Benefit)
The provision for income taxes is comprised of the following:
(In thousands)
Year ended June 30,
2013
2012
2011
Current:
Federal
$
118,888

$
(699
)
$
225,192

State
4,404

51

2,095

Foreign
25,112

24,383

31,578

$
148,404

$
23735年

$
258,865

Deferred:
Federal
$
(2,552
)
$
188,882

$
40,908

State
(1,036
)
3,721

26,458

Foreign
2,656

1,741

(10,653
)
(932
)
194,344

56,713

Provision for income taxes
$
147,472

$
218,079

$
315,578

Schedule of Deferred Tax Assets and Liabilities
The significant components of deferred income tax assets and liabilities are as follows:
(In thousands)
As of June 30,
2013
2012
Deferred tax assets:
Tax credits and net operating losses
$
77,512

$
66,392

Employee benefits accrual
83,391

78,112

Stock-based compensation
37,091

37,300

资本化研发前penses
34,791

57,192

Inventory reserves
79,866

57,736

Non-deductible reserves
42,256

45,682

Unearned revenue
12,010

9,991

Other
36795年

57,464

Gross deferred tax assets
403,712

409,869

Valuation allowance
(57,097
)
(40,479
)
Net deferred tax assets
$
346,615

$
369,390

Deferred tax liabilities:
Unremitted earnings of foreign subsidiaries not permanently reinvested
$
(20636
)
$
(22,746
)
Depreciation and amortization
(13,204
)
(10,202
)
Deferred profit
(10,351
)
(37,906
)
Unrealized gain on investments
(572
)
(1,070
)
Total deferred tax liabilities
(44,763
)
(71,924
)
Total net deferred tax assets
$
301,852

$
297,466

Schedule of Effective Income Tax Rate Reconciliation
美国联邦圣的和解atutory income tax rate to KLA-Tencor’s effective income tax rate is as follows:
Year ended June 30,
2013
2012
2011
Federal statutory rate
35.0
%
35.0
%
35.0
%
State income taxes, net of federal benefit
0.3
%
0.4
%
2.5
%
Effect of foreign operations taxed at various rates
(9.6
)%
(9.9
)%
(9.0
)%
Research and development tax credit
(3.1
)%
(1.1
)%
(1.2
)%
Net change in tax reserves
1.7
%
(2.8
)%
2.1
%
Domestic manufacturing benefit
(1.6
)%
(0.7
)%
(1.9
)%
Effect of stock-based compensation
(0.3
)%
1.3
%
1.4
%
Other
(1.0
)%
0.2
%
(0.5
)%
Effective income tax rate
21.4
%
22.4
%
28.4
%
Summary of Income Tax Contingencies
A reconciliation of gross unrecognized tax benefits is as follows:
Year ended June 30,
(In thousands)
2013
2012
2011
Unrecognized tax benefits at the beginning of the period
$
50,839

$
78,337

$
53,492

Increases for tax positions taken in prior years
2,701

4,172

5,228

Decreases for tax positions taken in prior years
(905
)
(1,002
)
—

Increases for tax positions taken in current year
12,709

15,663

32,152

Decreases for settlements with taxing authorities
(3,907
)
(43,464
)
(11,786
)
Decreases for lapsing of statutes of limitations
(1,943
)
(2,867
)
(749
)
Unrecognized tax benefits at the end of the period
$
59,494

$
50,839

$
78,337

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