Income Taxes (Tables)

9 Months Ended

Mar. 31, 2018

Schedule of Effective Income Tax Rate Reconciliation

The table below summarizes the effect of discrete items on the income tax rate for the quarter and nine months ended March 31, 2018.



	Quarter ended			Nine months ended
	March 31, 2018			March 31, 2018
	(in thousands)
Income before income taxes	$	15,792		$	42,883
Accrual income tax rate⁽¹⁾	31.4		%	30.4		%
Accrued income tax expense, before discrete items	4,963			13,038
Discrete tax expense (benefit):
Transition tax on repatriation of foreign earnings	—			9,300
Remeasurement of deferred taxes (U.S.)	—			(3,510		)
Remeasurement of deferred taxes (Belgium)	—			900
Other	180			390
Total net discrete tax expense	180			7,080
Provision for income taxes	$	5,143		$	20,118
Effective income tax rate	32.6		%	46.9		%
Income tax rate effect of discrete items	1.1		%	16.5		%

⁽¹⁾The estimated effect of the rate change for the quarter and nine months ended March 31, 2018 is a benefit of approximately $1.3 million and $2.9 million, respectively.