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Income Taxes
6 Months Ended
Sep. 30, 2019
Income Tax Disclosure [Abstract]  
Income Taxes

Note 7. Income Taxes

The Company recorded an income tax expense of approximately $92,000 for the three months ended September 30, 2019 compared to income tax expense of approximately $96,000 for the three months ended September 30, 2018. The Company’s effective tax rate increased to 25.6% for the three months ended September 30, 2019 from 14.2% for the three months ended September 30, 2018. The change in the effective tax rate was attributed to the Tax Cuts and Jobs Act. The Company recorded an income tax expense of approximately $298,000 for the six months ended September 30, 2019 compared to income tax expense of approximately $669,000 for the six months ended September 30, 2018. The Company’s effective tax rate decreased to 25.6% for the six months ended September 30, 2019 from 25.8% for the six months ended September 30, 2018.