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Note 11 - Income Taxes
6 Months Ended
Dec. 31, 2013
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]

11)     Income Taxes


The Company's effective tax rate for the three and six months ended December 31, 2013 was 27.8% and 27.2%, respectively compared with 30.5% and 30.0% for the three and six months ended December 31, 2012, respectively.  The lower effective tax rate for the three and six months ended December 31, 2013 was due to the jurisdictional mix in projected income as well as the impact of a decrease in the statutory tax rate in the United Kingdom on deferred tax liabilities recorded in prior periods. The Company had proportionally more income in lower tax (foreign) jurisdictions than in the US (a higher tax jurisdiction) in the current period.


In September 2013, the U.S. Department of the Treasury and the Internal Revenue Service released final regulations relating to guidance on applying tax rules to amounts paid to acquire, produce, or improve tangible personal property as well as rules for materials and supplies.   These final regulations will be effective for Standex's fiscal year ending June 30, 2015. The Company is currently assessing these rules and their impact to the financial statements, if any.