Income Taxes	6 Months Ended
Dec. 31, 2015
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 December 31, 2015 and 2014 was $33.1 million and $29.1 million, respectively. The effective tax rate for the three months ended December 31, 2015 and 2014 was 22.6 percent and 20.0 percent, respectively. The increase in the effective tax rate for the three months ended December 31, 2015 compared to the same period in the prior year was primarily due to higher income in the U.S. that is taxed at higher rates than our key foreign jurisdictions. Income tax expense for the six months ended December 31, 2015 and 2014 was $66.6 million and $56.9 million, respectively. The effective tax rate for the six months ended December 31, 2015 and 2014 was 24.9 percent and 22.2 percent, respectively. The increase in the effective tax rate for the six months ended December 31, 2015 compared to the same period in the prior year was primarily due to higher income in the U.S. that is taxed at higher rates than our key foreign jurisdictions. As of December 31, 2015 unrecognized tax benefits and the related interest were $57.1 million and $2.5 million, respectively, all but $6.0 million of which would affect the tax rate if recognized. During the three months ended December 31, 2015, $1.5 million of tax reserves were established on new uncertain tax positions and $2.8 million of tax reserves were reduced based on a settlement with the German tax authorities. Related interest on prior year exposures was decreased by $1.6 million primarily related to the German tax audit settlement. During the six months ended December 31, 2015, $1.4 million of tax reserves were established on new uncertain tax positions and $2.8 million of tax reserves were reduced based on a settlement with the German tax authorities. Related interest on prior year exposures was decreased by $1.5 million primarily related to the German tax audit settlement. We periodically reevaluate the recognition and measurement threshold of our uncertain tax positions based on new or additional evidence such as tax authority administrative pronouncements, rulings and court decisions. The ultimate settlement, however, may be materially different from the amount accrued. Our significant jurisdictions are Germany, Brazil, Austria and the U.S. The tax years currently under examination by the German revenue authorities are fiscal years 2005 through 2010. The tax year currently under examination by the Brazilian tax authorities is fiscal year 2008. Austria is not under examination for any tax year. The tax years currently under examination by the United States Internal Revenue Service (“IRS”) are fiscal years 2006 to 2008 and 2012 to 2014. We have reached a tentative agreement with the IRS on two issues being audited for fiscal years 2012 and 2013, research and experimentation credits and the domestic production activity deduction. We expect these issues to be settled within 12 months and estimate that unrecognized tax benefits will decrease by $2.8 million and $0.5 million, respectively. We have also reached a settlement with the German revenue authorities for fiscal years 2005 through 2010 for most issues and have filed a formal appeal for the remaining positions in dispute. Although the final resolution of the proposed adjustments is uncertain, we believe that the ultimate disposition of these matters will not have a material adverse effect on our consolidated financial position, results of operations and cash flows. While we expect the amount of unrecognized tax benefits to change, we are unable to quantify the change at this time.

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 December 31, 2015 and 2014 was $33.1 million and $29.1 million, respectively. The effective tax rate for the three months ended December 31, 2015 and 2014 was 22.6 percent and 20.0 percent, respectively. The increase in the effective tax rate for the three months ended December 31, 2015 compared to the same period in the prior year was primarily due to higher income in the U.S. that is taxed at higher rates than our key foreign jurisdictions.

Income tax expense for the six months ended December 31, 2015 and 2014 was $66.6 million and $56.9 million, respectively. The effective tax rate for the six months ended December 31, 2015 and 2014 was 24.9 percent and 22.2 percent, respectively. The increase in the effective tax rate for the six months ended December 31, 2015 compared to the same period in the prior year was primarily due to higher income in the U.S. that is taxed at higher rates than our key foreign jurisdictions.

As of December 31, 2015 unrecognized tax benefits and the related interest were $57.1 million and $2.5 million, respectively, all but $6.0 million of which would affect the tax rate if recognized. During the three months ended December 31, 2015, $1.5 million of tax reserves were established on new uncertain tax positions and $2.8 million of tax reserves were reduced based on a settlement with the German tax authorities. Related interest on prior year exposures was decreased by $1.6 million primarily related to the German tax audit settlement. During the six months ended December 31, 2015, $1.4 million of tax reserves were established on new uncertain tax positions and $2.8 million of tax reserves were reduced based on a settlement with the German tax authorities. Related interest on prior year exposures was decreased by $1.5 million primarily related to the German tax audit settlement.

We periodically reevaluate the recognition and measurement threshold of our uncertain tax positions based on new or additional evidence such as tax authority administrative pronouncements, rulings and court decisions. The ultimate settlement, however, may be materially different from the amount accrued. Our significant jurisdictions are Germany, Brazil, Austria and the U.S. The tax years currently under examination by the German revenue authorities are fiscal years 2005 through 2010. The tax year currently under examination by the Brazilian tax authorities is fiscal year 2008. Austria is not under examination for any tax year. The tax years currently under examination by the United States Internal Revenue Service (“IRS”) are fiscal years 2006 to 2008 and 2012 to 2014. We have reached a tentative agreement with the IRS on two issues being audited for fiscal years 2012 and 2013, research and experimentation credits and the domestic production activity deduction. We expect these issues to be settled within 12 months and estimate that unrecognized tax benefits will decrease by $2.8 million and $0.5 million, respectively. We have also reached a settlement with the German revenue authorities for fiscal years 2005 through 2010 for most issues and have filed a formal appeal for the remaining positions in dispute. Although the final resolution of the proposed adjustments is uncertain, we believe that the ultimate disposition of these matters will not have a material adverse effect on our consolidated financial position, results of operations and cash flows. While we expect the amount of unrecognized tax benefits to change, we are unable to quantify the change at this time.