Income Taxes (Tables)

6 Months Ended

Dec. 31, 2017

The table below summarizes the effect of discrete items on the income tax rate for the quarter and six months ended December 31, 2017.



	Quarter ended			Six months ended
	December 31, 2017			December 31, 2017
	(in thousands)
Income before income taxes	$	20,310		$	27,090
Accrual income tax rate⁽¹⁾	28.0		%	29.8		%
Accrued income tax expense, before discrete items	5,681			8,074
Discrete tax expense (benefit):
Transition tax on repatriation of foreign earnings	9,300			9,300
Remeasurement of deferred taxes (U.S.)	(3,510		)	(3,510		)
Remeasurement of deferred taxes (Belgium)	900			900
Other	(30		)	210
Total net discrete tax expense	6,660			6,900
Provision for income taxes	$	12,341		$	14,974
Effective income tax rate	60.8		%	55.3		%
Income tax rate effect of discrete items	32.8		%	25.5		%

⁽¹⁾The estimated effect of the rate change for the quarter and six months ended December 31, 2017 is a benefit of approximately $1.6 million.