Note 8. Income Taxes (Notes)

6 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Income Taxes

In determining the quarterly provision for income taxes, we use an estimated annual effective tax rate which is based on expected annual income, statutory tax rates, and available tax planning opportunities in the various jurisdictions in which we operate. Unusual or infrequently occurring items are separately recognized in the quarter in which they occur. Our effective tax rate was 28.4% and 27.9%, respectively, for the three and six months ended December 31, 2019, and was higher than statutory rates primarily due to nondeductible expenses and a prior year state tax provision adjustment that impacted the first quarter of fiscal year 2020. Our effective tax rate was 25.6% and 25.0%, respectively, for the three and six months ended December 31, 2018, which approximated the combined federal and state statutory rate.