XML 52 R18.htm IDEA: XBRL DOCUMENT v2.4.1.9
Income Taxes
9 Months Ended
Mar. 31, 2015
Income Tax Disclosure [Abstract]  
Income Taxes
INCOME TAXES
The Provision for income taxes and effective tax rates for the three and nine months ended March 31, 2015 were $27.9 million and 34.1%, and $62.3 million and 34.0%, compared to $26.1 million and 33.9%, and $66.1 million and 35.0% for the three and nine months ended March 31, 2014, respectively. The increase in the effective tax rate for the three months ended March 31, 2015 compared to the comparable prior year period is primarily attributable to the decrease in the percentage of lower taxed non-U.S. earnings as a percentage of total earnings before income taxes.  The decrease for the nine month period ended March 31, 2015 compared to the comparable prior year period is primarily attributable to the recognition of the U.S. federal research and development tax credits based on the December 2014 legislative reinstatement of this credit for calendar year 2014, as well as a lower U.S. state effective rate and certain reserve items released due to statute of limitation expiration, partially offset by a change in the geographical mix of income which lowered the percentage of lower taxed non-U.S. earnings as a percentage of total earnings before income taxes when compared to the comparable prior year period.