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Income Taxes

The Company’s effective tax rates for the three months ended December 31, 2015 and 2014, were 38.1% and 40.9%, respectively, and differ from the federal statutory rate of 35% primarily due to state taxes. The effective tax rate was lower for the period ended December 31, 2015, due to changes in state apportionment.

We are subject to income tax in the U.S. federal jurisdiction and multiple state jurisdictions. Our federal tax returns in for 2012 and subsequent years remain open to examination. Generally, we are no longer subject to state examinations by tax authorities for years prior to fiscal 2011. For state tax jurisdiction with unfiled tax returns the statute of limitations will remain open indefinitely.