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Income Taxes
6 Months Ended
Sep. 30, 2020
Income Tax Disclosure [Abstract]  
Income Taxes

Note 8. Income Taxes

The Company recorded an income tax expense of approximately $92,000 for the three months ended September 30, 2020 compared to income tax expense of approximately $92,000 for the three months ended September 30, 2019. The Company’s effective tax rate decreased to 6.8% for the three months ended September 30, 2020 from 25.6% for the three months ended September 30, 2019. The Company recorded an income tax expense of approximately $521,000 for the six months ended September 30, 2020 compared to income tax expense of approximately $298,000 for the six months ended September 30, 2019. The Company’s effective tax rate decreased to 16.2% for the six months ended September 30, 2020 from 25.8% for the six months ended September 30, 2019.