Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

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Income Taxes
 6 Months Ended
Mar. 31, 2013
Income Taxes  
Income Taxes

7.              Income Taxes

 

The effective tax rates for the three months ended March 31, 2013 and 2012 were 28.6% and 32.7%.  The improvement in the effective tax rate was primarily the result of the Coperion acquisition, because Coperion produces a larger percentage of income from foreign sources in lower tax rate jurisdictions.  The effective tax rates for the six months ended March 31, 2013 and 2012 were 28.7% and 17.0%.  The change in the effective tax rates between these six-month periods was largely due to the $10.4 reduction of income tax expense in the first quarter of fiscal year 2012, attributable to the permanent reinvestment assertion on historical earnings of certain Swiss operations.