XML 25 R12.htm IDEA: XBRL DOCUMENT v3.3.1.900
Income Taxes
9 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Income Taxes

7. Income Taxes

The provision for income taxes decreased to approximately $1.7 million for the three months ended December 31, 2015 from approximately $2.4 million for the three months ended December 31, 2014. The Company’s effective tax rate decreased to 38.38% for the three months ended December 31, 2015 from 38.59% for the three months ended December 31, 2014. The provision for income taxes decreased to approximately $6.0 million for the nine months ended December 31, 2015 from approximately $6.9 million for the nine months ended December 31, 2014. The Company’s effective tax rate increased to 38.42% for the nine months ended December 31, 2015 from 34.51% for the nine months ended December 31, 2014. The effective tax rate for the nine months ended December 31, 2014 was unusually low due to certain professional fees totaling approximately $1.2 million associated with the potential sale of the Company becoming deductible during the three months ended June 30, 2014 when the Arrangement Agreement was terminated.