The items accounting for the difference between income taxes computed at the U.S. federal statutory rate and our effective rate were as follows:
| Year Ended June 30, | 2013 | 2012 | 2011 | |||||||||
|
Federal statutory rate |
35.0% | 35.0% | 35.0% | |||||||||
|
Effect of: |
||||||||||||
|
Foreign earnings taxed at lower rates |
(17.5)% | (21.1)% | (15.6)% | |||||||||
|
Goodwill impairment |
0% | 9.7% | 0% | |||||||||
|
I.R.S. settlement |
0% | 0% | (1.7)% | |||||||||
|
Other reconciling items, net |
1.7% | 0.2% | (0.2)% | |||||||||
|
|
|
|
|
|
|
|
|
|||||
|
Effective rate |
19.2% | 23.8% | 17.5% | |||||||||
|
|
|
|
|
|
|
|
|
|
||||