Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

v2.4.0.6
Income Taxes (Tables)
9 Months Ended
Jun. 30, 2012
Income Taxes  
Schedule of reconciliation of the U.S. federal statutory income tax rate to the effective income tax rate

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

Federal statutory rates

 

35.0

%

35.0

%

35.0

%

35.0

%

Adjustments:

 

 

 

 

 

 

 

 

 

Permanent reinvestment of unremitted earnings

 

 

 

(10.9

)

 

State and local income taxes, net of federal benefit

 

2.5

 

3.3

 

2.5

 

3.3

 

Foreign income tax rate differential

 

(2.9

)

(2.7

)

(2.4

)

(1.6

)

Domestic manufacturer’s deduction

 

(3.2

)

(2.8

)

(2.7

)

(2.5

)

Unrecognized tax benefits

 

(3.3

)

(1.1

)

(1.6

)

 

Other, net

 

0.7

 

0.1

 

0.6

 

0.1

 

Effective income tax rate

 

28.8

%

31.8

%

20.5

%

34.3

%

Activity within the reserve for unrecognized tax benefits

 

 

Balance at September 30, 2011

 

$

7.3

 

Additions for tax positions for the current year

 

0.1

 

Additions for tax positions of prior years

 

0.2

 

Reductions in tax positions of prior years

 

(4.2

)

Settlements

 

(0.4

)

Balance attributable to acquisition of Rotex

 

0.1

 

Balance at June 30, 2012

 

$

3.1

 

 

 

 

 

Other amounts accrued at June 30, 2012, for interest and penalties

 

$

0.4