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INCOME TAXES
9 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES

The Company's effective tax rate for the nine month period ended December 31, 2015 was a deferred tax benefit of 4.4% compared to a deferred tax benefit of 1.8% for the nine month period ended December 31, 2014. The decrease in effective tax rate was primarily due to the implementation of a Federal valuation allowance against the Canadian net deferred tax assets relating to capital losses and implementation of a U.S. state valuation allowance against the U.S. state net deferred tax assets, which are primarily net operating losses. For state tax purposes, the Company is in a small net deferred tax liability position before the consideration of the valuation allowance at December 31, 2015. After the consideration of the reversing patterns of these liabilities on a separate jurisdiction basis, it is expected that a portion of these liabilities will reverse within the period of time available for existing deferred tax assets including net operating loss carry forwards. The Company recorded a small valuation allowance against the U.S. state net deferred tax assets as of December 31, 2015.

The effective tax rate for the nine month period ended December 31, 2015 was lower than the statutory tax rate due to the implementation of the valuation allowance related to the net U.S. Federal and state deferred tax assets, which are primarily net operating losses. The Company did not incur any income tax related interest expense or penalties related to uncertain tax positions during each of the nine month periods ended December 31, 2015 and December 31, 2014.