Rendering

Component: (Network and Table)
Network
2307301 - Disclosure - Income Taxes (Tables)
(http://www.applied.com/role/IncomeTaxesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000109563 (http://www.sec.gov/CIK)
Income Tax Disclosure [Abstract]Period [Axis]
2015-07-01 - 2016-06-30
Income Tax Disclosure [Abstract]
 
Components of income before income taxes
The components of income before income taxes are as follows:
Year Ended June 30,
2016

 
2015

 
2014

U.S.
$
139,960

 
$
152,618

 
$
147,980

Foreign
(60,982
)
 
23,253

 
18,282

Income before income taxes
$
78,978

 
$
175,871

 
$
166,262

  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
The provision (benefit) for income taxes consists of:
Year Ended June 30,
2016

 
2015

 
2014

Current:
 
 
 
 
 
Federal
$
45,226

 
$
52,861

 
$
50,455

State and local
6,349

 
6,884

 
6,576

Foreign
4,407

 
5,603

 
4,619

Total current
55,982

 
65,348

 
61,650

Deferred:
 
 
 
 
 
Federal
397

 
(3,799
)
 
(5,328
)
State and local
(30
)
 
(153
)
 
(267
)
Foreign
(6,948
)
 
(1,009
)
 
(2,614
)
Total deferred
(6,581
)
 
(4,961
)
 
(8,209
)
Total
$
49,401

 
$
60,387

 
$
53,441

  
Reconciliations of federal statutory income tax rate and Company's effective income tax rate
The following reconciles the U.S. federal statutory income tax rate to the Company’s effective income tax rate:
Year Ended June 30,
2016

 
2015

 
2014

Statutory income tax rate
35.0
 %
 
35.0
 %
 
35.0
 %
Effects of:
 
 
 
 
 
State and local taxes
5.2
 %
 
2.5
 %
 
2.4
 %
Goodwill impairment
27.1
 %
 
—
 %
 
—
 %
U.S. tax on foreign income, net
—
 %
 
—
 %
 
(1.6
)%
Foreign income taxes
(3.0
)%
 
(2.5
)%
 
(2.6
)%
Deductible dividend
(0.9
)%
 
(0.5
)%
 
(0.5
)%
Valuation allowance
0.5
 %
 
0.5
 %
 
—
 %
Other, net
(1.3
)%
 
(0.7
)%
 
(0.6
)%
Effective income tax rate
62.6
 %
 
34.3
 %
 
32.1
 %
  
Components of the Company's net deferred tax assets
Significant components of the Company’s deferred tax assets and liabilities are as follows:
June 30,
2016

 
2015

Deferred tax assets:
 
 
 
Compensation liabilities not currently deductible
$
25,992

 
$
28,902

Other expenses and reserves not currently deductible
11,650

 
9,115

Goodwill and intangibles
6,366

 
7,363

Foreign tax credit (expiring in years 2025-2026)
849

 
1,155

Net operating loss carryforwards (expiring in years 2017-2036)
4,960

 
860

Other
83

 
289

Total deferred tax assets
49,900

 
47,684

Less: Valuation allowance
(1,347
)
 
(917
)
Deferred tax assets, net of valuation allowance
48,553

 
46,767

Deferred tax liabilities:
 
 
 
Inventories
(4,785
)
 
(5,499
)
Goodwill and intangibles
(33,353
)
 
(38,707
)
Depreciation and differences in property bases
(9,892
)
 
(9,328
)
Total deferred tax liabilities
(48,030
)
 
(53,534
)
Net deferred tax assets (liabilities)
$
523

 
$
(6,767
)
Net deferred tax assets (liabilities) are classified as follows:
 
 
 
Deferred tax assets
$
12,277

 
$
10,980

Other liabilities
(11,754
)
 
(17,747
)
Net deferred tax assets (liabilities)
$
523

 
$
(6,767
)
  
Reconciliation of the Company's total gross unrecognized income tax benefits
The Company and its subsidiaries file income tax returns in U.S. federal, various state, local and foreign jurisdictions. The following table sets forth the changes in the amount of unrecognized tax benefits for the years ended June 30, 2016, 2015 and 2014:
Year Ended June 30,
2016

 
2015

 
2014

Unrecognized Income Tax Benefits at beginning of the year
$
2,604

 
$
2,364

 
$
2,655

Current year tax positions
539

 
472

 
730

Expirations of statutes of limitations
(132
)
 
(160
)
 
(1,007
)
Settlements
(96
)
 
(72
)
 
(14
)
Unrecognized Income Tax Benefits at end of year
$
2,915

 
$
2,604

 
$
2,364