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Income Taxes
3 Months Ended
Sep. 30, 2013
Income Tax Disclosure [Abstract]  
Income Taxes

Note 10 – Income Taxes

Our provision for income taxes is based on an estimated annual tax rate for the year applied to federal, state and foreign income. Income tax expense for the three months ended September 30, 2013 and 2012 was $18.7 million and $17.2 million, respectively. The effective tax rate for the three months ended September 30, 2013 and 2012 was 28.6 percent and 24.0 percent, respectively. The change in the effective tax rate for the three months ended September 30, 2013 compared to the same period in the prior year was primarily due to higher income in the United States that is subject to a tax rate higher than those in our key foreign jurisdictions.

As of September 30, 2013 unrecognized tax benefits and the related interest were $35.8 million and $2.2 million, respectively, all of which would affect the tax rate if recognized. During the three months ended September 30, 2013, we recorded tax reserves on uncertain tax positions and the related interest in the amount of $0.7 million and $0.1 million, respectively.