Income Taxes	9 Months Ended
Mar. 31, 2017
Income Taxes
Income Taxes	4. Income Taxes Income tax expense is based on income reported in the condensed consolidated financial statements. A deferred income tax asset or liability is determined by applying currently enacted tax laws and rates to the expected reversal of the cumulative temporary differences between the carrying value of assets and liabilities for financial statement and income tax purposes. Deferred income tax expense or benefit is measured by the change in the deferred income tax asset or liability during the period. For the three months ended March 31, 2017 and 2016, the Company’s effective income tax rate was a 33.7% and 28.2%, respectively, and for the nine months ended March 31, 2017 and 2016, the rate was 36.4% and 30.6%, respectively. The effective income tax rate differs from the statutory federal income tax rate primarily due to state taxes, current year permanent differences between book and tax treatment, effects of foreign operations, and noncontrolling interests.

Income Taxes

9 Months Ended

Mar. 31, 2017

4. Income Taxes

Income tax expense is based on income reported in the condensed consolidated financial statements. A deferred income tax asset or liability is determined by applying currently enacted tax laws and rates to the expected reversal of the cumulative temporary differences between the carrying value of assets and liabilities for financial statement and income tax purposes. Deferred income tax expense or benefit is measured by the change in the deferred income tax asset or liability during the period. For the three months ended March 31, 2017 and 2016, the Company’s effective income tax rate was a 33.7% and 28.2%, respectively, and for the nine months ended March 31, 2017 and 2016, the rate was 36.4% and 30.6%, respectively. The effective income tax rate differs from the statutory federal income tax rate primarily due to state taxes, current year permanent differences between book and tax treatment, effects of foreign operations, and noncontrolling interests.