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Income Taxes
6 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

The effective tax rate for the three months ended December 31, 2015 and 2014 was 32.8% and 33.3%, respectively. The decrease in the effective tax rate is due to an increase in foreign tax credits, the reversal of valuation allowances, and the resolution of certain tax matters in the three months ended December 31, 2015.  This decrease was partially offset by a change in tax law during the three months ended December 31, 2014 and the impact of the sale of a building during the three months ended December 31, 2015.

The effective tax rate for the six months ended December 31, 2015 and 2014 was 33.0% and 33.7%, respectively. The decrease in the effective tax rate is due to an increase in foreign tax credits and the reversal of valuation allowances in the six months ended December 31, 2015, partially offset by adjustments to the tax liability and a change in tax law during the six months ended December 31, 2014.