INCOME TAXES (Tables)

3 Months Ended

Sep. 30, 2019

INCOME TAXES

Schedule of Reconciliation of Income Tax Provision

A reconciliation of the actual income tax provision and the tax computed by applying the U.S. federal rate to the earnings before income taxes during the three month periods ended September 30, 2019 and 2018 is as follows:

	Three Months Ended September 30,
	2019		2018
	(in millions)
Expected provision at the statutory rate	$	6.7	$	8.9
Increase/(decrease) due to:
Stock-based compensation		0.7		1.1
State income taxes expense, net of federal benefit		1.9		1.5
Change in statutory tax rate, outside U.S.		—		(0.1)
Change in uncertain tax benefits		1.0		—
Foreign tax rate differential		1.2		0.2
State NOL expirations		1.6		—
U.S. Tax Reform		—		7.6
Change in valuation allowance		—		(0.3)
Other, net		0.9		1.6
Provision for income taxes	$	14.0	$	20.5