Income Taxes (Text Block)

6 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

INCOME TAXES

The effective tax rate was 29.9% of income before income taxes for the quarter ended December 31, 2015, compared to 32.1% for the same quarter in fiscal 2015. The decrease in effective tax rate was primarily due to the Research and Experimentation Credit ("R&E Credit"), which was retroactively and permanently extended in December 2015.

The Company paid income taxes of $52,254 and $43,450 in the six months endedDecember 31, 2015 and 2014, respectively.

At December 31, 2015, the Company had $8,438 of gross unrecognized tax benefits, $6,917 of which, if recognized, would affect our effective tax rate. We had accrued interest and penalties of $1,415 and $1,652 related to uncertain tax positions at December 31, 2015 and 2014, respectively.

The U.S. federal and state income tax returns for Fiscal 2012 and all subsequent years remain subject to examination as of December 31, 2015 under statute of limitations rules. We anticipate potential changes could reduce the unrecognized tax benefits balance by $1,500 - $2,500 within twelve months of December 31, 2015.