Income Taxes (Text Block)

6 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

INCOME TAXES

The effective tax rate of 32.1% of income before income taxes for the quarter ended December 31, 2014 is lower than 34.7% for the same quarter in fiscal 2014 primarily due to the effect of the Research and Experimentation Credit (“R&E Credit”) which was retroactively extended in December 2014.

The Company paid income taxes of $43,450 and $41,233 in the six months endedDecember 31, 2014 and 2013, respectively.

At December 31, 2014, the Company had $9,099 of gross unrecognized tax benefits, $6,405 of which, if recognized, would affect our effective tax rate. We had accrued interest and penalties of $1,652 and $722 related to uncertain tax positions at December 31, 2014 and 2013, respectively.

The U.S. federal and state income tax returns for June 30, 2011 and all subsequent years remain subject to examination as of December 31, 2014 under statute of limitations rules. We anticipate potential changes could reduce the unrecognized tax benefits balance by $2,000 - $3,000 within twelve months of December 31, 2014.