Income Taxes

6 Months Ended

Sep. 30, 2011

Income Tax Disclosure [Abstract]

Income Taxes

Note 8: Income Taxes

For the quarters ended September 30, 2011 and 2010, the Company recorded an income tax provision for approximately $2.3 million and $2.9 million, respectively. The effective tax rate for the quarters ended September 30, 2011 and 2010 were 36.8% and 36.7%, respectively. For the six months ended September 30, 2011 and 2010, the Company recorded an income tax provision for approximately $5.1 million and $7.6 million, respectively. The effective tax rate for the six months ended September 30, 2011 and 2010 were 36.8% and 38.2%, respectively. The effective tax rate decrease for the six months was due to a one-time tax adjustment, which was recognized in the prior year, to reconcile the remaining net operating loss carryforward for the six months ended September 30, 2010.