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Income Taxes
9 Months Ended
Mar. 31, 2017
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

The effective tax rate for the three months ended March 31, 2017 and 2016 was 29.0% and 33.0%, respectively. The decrease in the effective tax rate is due to tax incentives associated with the domestic production activity deduction and research tax credit for prior tax years which decreased the Company's effective tax rate by 630 basis points and the adoption of ASU 2016-09 related to the new accounting guidance for excess tax benefits on stock-based compensation (as further explained in Note 2), which decreased the Company's effective tax rate by 120 basis points. These decreases were partially offset by tax reserves recorded for uncertain tax positions, a lower benefit from adjustments to the tax liability in the three months ended March 31, 2017 and the usage of foreign tax credits during the three months ended March 31, 2016.

The effective tax rate for the nine months ended March 31, 2017 and 2016 was 31.5% and 33.0%, respectively. The decrease in the effective tax rate is due to tax incentives associated with the domestic production activity deduction and research tax credit for prior tax years which decreased the Company's effective tax rate by 240 basis points and the adoption of ASU 2016-09 related to the new accounting guidance for excess tax benefits on stock-based compensation (as further explained in Note 2), which decreased the Company's effective tax rate by 140 basis points in the nine months ended March 31, 2017. These decreases were partially offset by the impact of the sale of the CHSA and COBRA businesses, a lower benefit related to the usage of foreign tax credits and a lower benefit from adjustments to the tax liability in the nine months ended March 31, 2017, and the reversal of a valuation allowance during the nine months ended March 31, 2016.