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Income Taxes

9 Months Ended

Jun. 30, 2021

9. Income Taxes

The following table summarizes the Company’s income tax expense (benefit) and effective income tax rate for the three and nine months ended June 30, 2021 and 2020.


	Three Months Ended June 30,						Nine Months Ended June 30,
	2021			2020			2021			2020
Income (loss) before income taxes	$	34.7		$	(2.7	)	$	27.6		$	(47.4	)
Income tax expense (benefit)		9.5			(0.3	)		8.1			(11.9	)
Effective income tax rate		27.4	%		11.1	%		29.3	%		25.1	%

The increase in the effective tax rate for the three and nine months ended June 30, 2021 when compared to the three and nine months ended June 30, 2020, primarily related to the geographical distribution of the pre-tax income as well as the provision to return adjustment that was recorded discretely during the prior period.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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