Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

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Income Taxes
9 Months Ended
Jun. 30, 2011
Income Taxes  
Income Taxes

9.               Income Taxes

 

The effective tax rates for the three months ended June 30, 2011 and 2010, were 31.8% and 41.2%.  The rate was favorably impacted by non-deductible transaction costs incurred in the previous period, favorable effects of periodic reconciliation to recently filed returns, and an increase in the percentage of foreign source income in lower rate jurisdictions.

 

The effective tax rates for the nine months ended June 30, 2011 and 2010, were 34.3% and 36.4%.  The rate was favorably impacted by the percentage of foreign source income in lower rate jurisdictions, non-deductible transaction costs incurred in the previous period, and an increase in the domestic manufacturing deduction.

 

The activity within our reserve for unrecognized tax benefits was:

 

Balance at September 30, 2010

 

$

7.8

 

Additions for current-year tax positions

 

0.2

 

Additions for prior-year tax positions

 

0.1

 

Reductions for prior-year tax positions

 

(0.2

)

Balance at June 30, 2011

 

$

7.9

 

 

 

 

 

Other amounts accrued at June 30, 2011, for interest and penalties

 

$

1.5