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Income Taxes (Text Block)
9 Months Ended
Mar. 31, 2014
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]
INCOME TAXES
The effective tax rate of 34.3% of income before income taxes for the quarter ended March 31, 2014 is higher than 29.0% for the same quarter in fiscal 2013.  The prior year quarter included substantial benefit from the retroactive extension of the research and experimentation credit, which occurred in January 2013.
At March 31, 2014, the Company had $4,955 of gross unrecognized tax benefits, $3,803 of which, if recognized, would affect our effective tax rate. Our policy is to include interest and penalties related to unrecognized tax benefits in the provision for income taxes. As of March 31, 2014, we had accrued interest and penalties of $758 related to uncertain tax positions.
During the fiscal year ended June 30, 2012, the Internal Revenue Service initiated an examination of the Company’s U.S. federal income tax returns for the fiscal years ended June 30, 2010 and 2011.  The exam was completed in fiscal 2013 and did not result in a material change to the financial condition of the Company.  The U.S. federal and state income tax returns for June 30, 2011 and all subsequent years remain subject to examination as of March 31, 2014 under statute of limitations rules. We anticipate potential changes could reduce the unrecognized tax benefits balance by $500 - $1,100 within twelve months of March 31, 2014.