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Income Taxes
9 Months Ended
Mar. 31, 2015
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES
The effective income tax rate for the three months ended March 31, 2015 and 2014 was 64.4 percent (benefit on a loss) and 24.1 percent (provision on income), respectively. The effective income tax rate for nine months ended March 31, 2015 and 2014 was 5.7 percent (benefit on a loss) and 28.5 percent (provision on income), respectively. The change in both periods was primarily driven by the asset impairment charges recorded in the current and prior quarters and lower relative U.S. current year earnings compared with the rest of the world where the tax rates are generally lower. The current period includes a $2.1 million tax charge incurred in the quarter related to a change in assertion with respect to a portion of our foreign subsidiaries’ undistributed earnings, which are no longer considered permanently reinvested. The remaining undistributed earnings of our foreign subsidiaries are indefinitely reinvested and no deferred taxes have been provided on those earnings.