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Income Taxes
3 Months Ended
Jun. 30, 2020
Income Tax Disclosure [Abstract]  
Income Taxes

Note 7. Income Taxes

The Company recorded an income tax expense of approximately $429,000 for the three months ended June 30, 2020 compared to income tax expense of approximately $206,000 for the three months ended June 30, 2019. The Company’s effective tax rate decreased to 23.1% for the three months ended June 30, 2020 from 25.8% for the three months ended June 30, 2019. The changes in the effective tax rate was attributed to discrete items, primarily related to state apportionment rates.