Income Taxes (Tables)

12 Months Ended

Sep. 30, 2014

Income Taxes

Components of Income Tax Expense (Benefit)

		Year Ended September 30,
		2014		2013		2012
Current:
	Federal	$	48,327	$	29,438	$	47,862
	State		5,752		4,760		4,452
	Foreign		16,594		10,612		11,594
Deferred:
	Federal		(4,378)		13,904		(9,632)
	State		(2,966)		885		(200)
	Foreign		(1,929)		(5,970)		2,142
		$	61,400	$	53,629	$	56,218

Earnings Before Income Taxes by Geographical Area

	Year Ended September 30,
	2014		2013		2012
United States	$	148,837	$	148,604	$	146,535
Other countries		78,407		50,967		51,272
	$	227,244	$	199,571	$	197,807

Composition of Deferred Income Taxes

		At September 30,
		2014		2013
Deferred tax assets:
	Defined benefit plans, Other postretirement	$	10,762	$	10,563
	Foreign net operating loss carryforwards		5,552		7,058
	Inventory		21,608		16,944
	Deferred and stock-based compensation		24,987		18,657
	Defined benefit pension		227		866
	Other reserves		10,513		9,055
	Credits and incentives		8,178		8,046
	Other		11,422		10,584
	Valuation allowance		(9,486)		(11,783)
	Total deferred tax assets, net of valuation allowance		83,763		69,990
Deferred tax liabilities:
	Goodwill and intangibles - net		(96,493)		(97,804)
	Property, plant and equipment		(18,288)		(17,175)
	Other		(7,419)		(3,391)
	Total deferred tax liabilities		(122,200)		(118,370)
Net deferred tax liabilities		$	(38,437)	$	(48,380)

Reconciliation of U.S. Statutory Tax Rate to Effective Tax Rate

	Year Ending September 30,
Percent of pretax earnings	2014		2013		2012
Statutory tax rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal tax benefit	1.3		1.8		1.6
Taxes on international activities	(3.7)		(1.7)		(3.3)
Research credit	(0.7)		(3.1)		(0.8)
Retroactive extension of research credit	-		(2.5)		-
Domestic production activities deduction	(1.3)		(2.0)		(1.9)
Adjustments of prior period tax items	(2.9)		(0.6)		(1.5)
Other items, net	(0.7)		-		(0.7)
Effective tax rate	27.0	%	26.9	%	28.4	%

Reconciliation of the Beginning and Ending Amounts of Gross Unrecognized Tax Benefits

	Year Ending September 30,
	2014		2013		2012
Beginning balance	$	22,694	$	18,069	$	16,931
Additions to current year tax positions		8,830		5,587		1,444
Reductions to prior year tax positions		(9,684)		-		(169)
Additions to prior year tax positions		1,844		1,079		-
Lapse of applicable statute of limitations		(997)		(2,041)		(137)
Ending balance	$	22,687	$	22,694	$	18,069