INCOME TAXES:

A summary of income tax (expense) benefit and corresponding effective tax rates is as follows:



	For the Three Months Ended December 31,						For the Six Months Ended December 31,
	2018			2017			2018			2017
	(Dollars in thousands)
Income tax (expense) benefit	$	(454	)	$	80,825		$	260		$	75,266
Effective tax rate	52.1		%	208.7		%	85.0		%	304.4		%

On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Company applied the guidance under SEC Staff Accounting Bulletin No. 118 which allowed for a measurement period up to one year after the December 22, 2017 enactment date of the Tax Act to complete the accounting requirements. The Company recorded a provisional net tax benefit of $68.1 million in continuing operations through fiscal year 2018. During the three and six months ended December 31, 2018, the Company made no adjustments to previously recorded provisional amounts related to the Tax Act and is now complete with its accounting.

The Company is no longer subject to IRS examinations for years before 2013. Furthermore, with limited exceptions, the Company is no longer subject to state and international income tax examinations by tax authorities for years before 2012.