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Income Taxes
6 Months Ended
Sep. 30, 2016
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

Income tax expense as a percentage of income from continuing operations before income tax expense was 35% and 111% in the quarters ended September 30, 2016 and September 30, 2015, respectively and 34% and 55% for the six-month periods then ended, respectively. Typically these percentages vary from the U.S. statutory rate primarily due to varying effective tax rates at the Company's foreign subsidiaries, and the jurisdictional mix of taxable income for these subsidiaries. We estimate that the effective tax rate related to continuing operations will be approximately 30% to 32% for fiscal 2017.

For the three and six months ended September 30, 2015, income taxes as a percentage of income before income taxes was higher than our annual rate for fiscal 2016 due to the effect of recording a deferred tax asset valuation allowance on the deferred tax assets of certain foreign subsidiaries of the Company as well as acquisition deal costs. The effect of recording this valuation allowance resulted in an additional $1,997,000 of income tax expense for the three and six months ended September 30, 2015 and increased the effective tax rate by 51 and 14 percentage points for these same periods, respectively.