Income Taxes (Text Block)

3 Months Ended

Sep. 30, 2017

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

INCOME TAXES

The effective tax rate was 31.2% of income before income taxes for the quarter ended September 30, 2017, compared to 31.9% for the same quarter in fiscal 2017.

The Company paid income taxes, net of refunds, of $747 and $1,446 in the three months endedSeptember 30, 2017 and 2016, respectively.

At September 30, 2017, the Company had $5,660 of gross unrecognized tax benefits, $4,188 of which, if recognized, would affect our effective tax rate. We had accrued interest and penalties of $1,051 and $1,304 related to uncertain tax positions at September 30, 2017 and 2016, respectively.

The U.S. federal and state income tax returns for fiscal year 2014 and all subsequent years remain subject to examination as of September 30, 2017 under statute of limitations rules. We anticipate potential changes due to lapsing statutes of limitations and examination closures could reduce the unrecognized tax benefits balance by $500 - $1,500 within twelve months of September 30, 2017.