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Income Taxes (Tables)
3 Months Ended
Sep. 30, 2014
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes

The Company’s provision/(benefit) for income taxes from continuing operations is summarized as follows:

 

 

Three months ended September 30,

 

 

2014

 

 

2013

 

Current income taxes

 

 

 

 

 

 

Federal

 

$

1.5

 

 

$

 

State

 

0.9

 

 

0.8

 

Foreign

 

0.8

 

 

 

Total

 

3.2

 

 

0.8

 

 

 

 

 

 

 

 

Deferred income taxes

 

 

 

 

 

 

Federal

 

6.3

 

 

6.9

 

State

 

0.2

 

 

0.2

 

Foreign

 

(0.3

)

 

1.4

 

Total

 

6.2

 

 

8.5

 

Total provision for income taxes

 

$

9.4

 

 

$

9.3

 

 

Schedule of Income before Income Tax

The United States and foreign components of income/(loss) from continuing operations before income taxes for the three months ended September 30, 2014 and 2013 are as follows:

 

 

Three months ended September 30,

 

2014

 

 

2013

 

United States

$

(92.6

)

 

$

(24.3

)

Foreign

(8.5

)

 

4.5

 

Total

$

(101.1

)

 

$

(19.8

)

 

Schedule Of Reconciliation Of Income Tax Provision

Reconciliations 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, 2014 and 2013 are as follows:

 

 

 

Three months ended September 30,

 

 

 

2014

 

 

2013

 

Expected benefit at statutory rate

 

$

(35.3

)

 

$

(6.9

)

Increase due to:

 

 

 

 

 

 

 

 

Non-deductible stock-based compensation

 

 

47.3

 

 

 

17.0

 

State income taxes (benefit), net of

   federal benefit

 

 

(4.5

)

 

 

(1.2

)

Transaction costs not deductible for tax purposes

 

 

0.2

 

 

 

0.2

 

Foreign tax rate differential

 

 

1.1

 

 

 

(0.7

)

Other, net

 

 

0.6

 

 

 

0.9

 

Provision for income taxes

 

$

9.4

 

 

$

9.3