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INCOME TAXES (Tables)
9 Months Ended
Mar. 31, 2017
INCOME TAXES  
Schedule Of Reconciliation Of Income Tax Provision

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31,

 

Nine months ended March 31,

 

    

2017

    

2016

    

2017

    

 

 

 

(in millions)

Expected expense/(benefit) at the statutory rate

 

$

9.6

 

$

(3.9)

 

$

24.4

 

$

(8.2)

Increase/(decrease) due to:

 

 

 

 

 

 

 

 

 

 

 

 

Non-deductible stock-based compensation

 

 

 —

 

 

5.2

 

 

4.0

 

 

22.6

Excess tax benefit on stock-based compensation

 

 

(13.1)

 

 

 —

 

 

(16.7)

 

 

 —

State income taxes benefit, net of federal benefit

 

 

0.6

 

 

(0.2)

 

 

2.1

 

 

(0.7)

Transactions costs not deductible for tax purposes

 

 

1.5

 

 

0.6

 

 

1.8

 

 

1.1

Change in tax rates

 

 

 —

 

 

 —

 

 

(1.7)

 

 

 —

Foreign tax rate differential

 

 

(1.8)

 

 

0.5

 

 

(2.1)

 

 

0.8

Foreign entities with valuation allowance

 

 

(2.0)

 

 

 —

 

 

(8.7)

 

 

 —

Other, net

 

 

5.8

 

 

5.6

 

 

4.3

 

 

6.0

Provision/(benefit) for income taxes

 

$

0.6

 

$

7.8

 

$

7.4

 

$

21.6