Income Taxes

The Company's benefit from income taxes and effective tax rates were as follows:

	Three Months Ended June 30,
	2014			2013
Benefit from income taxes	$	(9,656	)	$	(1,122	)
Loss before income taxes		(26,024	)		(4,412	)
Effective tax rate		37.1	%		25.4	%

The Company's effective tax rate is affected by recurring items, such as tax benefit or expense relative to the amount of loss incurred or income earned in its domestic and foreign jurisdictions. The Company's tax rate is also affected by discrete items, such as tax benefits attributable to the recognition of previously unrecognized tax benefits, that may occur in any given year but are not consistent from year to year.

The Company's effective tax rate and income tax benefit for the three months ended June 30, 2014 was primarily attributable to its domestic operating losses during the period. The Company's effective tax rate and income tax benefit for the same period in 2013 was primarily attributable to its domestic operating losses during the period, partially offset by tax provisions attributable to its foreign operations.

During the three months ended June 30, 2014 and 2013, the Company did not recognize any previously unrecognized tax benefits. As of June 30, 2014 and 2013, and March 31, 2014, the Company had $16,297, $14,833 and $16,280, respectively, of unrecognized income tax benefits. The Company believes it is reasonably possible that the total amount of unrecognized income tax benefits could decrease by up to $409, excluding potential interest and penalties, related to its foreign operations over the course of the next twelve months, due to expiring statutes of limitations, which would be recognized as a tax benefit and affect its effective tax rate. The Company also recognizes interest and penalties related to uncertain tax positions in income tax expense. The tax benefit for the three months ended June 30, 2014 and 2013 did not include any release of accrued interest and penalties related to uncertain tax positions. As of June 30, 2014 and 2013, and March 31, 2014, the Company had approximately $193, $622 and $187, respectively, of accrued interest and penalties related to uncertain tax positions. The recognition of previously unrecognized tax benefits and the release of associated accrued interest reduced other long-term tax liabilities.

Current and non-current deferred tax assets were $24,215 and $65,931 at June 30, 2014, respectively, as compared to $10,777 and $15,225 at June 30, 2013, respectively. The increases were primarily due to the release of a significant portion of the deferred tax valuation allowances during the three months ended December 31, 2013.

The Company maintained a valuation allowance of $9,897, $70,385, and $9,885 as of June 30, 2014 and 2013, and March 31, 2014, respectively, against its deferred tax assets related to state and foreign net operating loss carryforwards, and capital loss carryforwards that generally have 10 to 20 years until expiration. The Company believes it is more-likely-than-not that it will not be able to realize the full benefit of the loss carryforwards as of June 30, 2014 before they are due to expire. The Company will continue to evaluate all evidence in future periods, to determine if a valuation allowance against its deferred tax assets is warranted. Any changes to the Company's valuation allowance will affect its effective tax rate, but will not affect the amount of cash paid for income taxes.

As of June 30, 2014, the Company had long-term deferred tax liabilities of $3,812 and other long-term tax liabilities of $630. Both are reported as long-term liabilities on the consolidated balance sheet.