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Income Taxes
6 Months Ended
Sep. 30, 2020
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company is subject to income tax in the United States as well as other tax jurisdictions in which it conducts business. Earnings from non-U.S. activities are subject to local country income tax. The Company does not provide for federal income taxes on the undistributed earnings of its foreign subsidiaries as such earnings are to be reinvested indefinitely.
The Company recorded an income tax provision of $0.4 million and $0.7 million for the three months ended September 30, 2020 and 2019, respectively, and an income tax provision of $0.7 million and $0.6 million for the six months ended September 30, 2020 and 2019, respectively, related to foreign income taxes and state minimum taxes. Based on the available objective evidence during the three and six months ended September 30, 2020, the Company believes it is more likely than not that the tax benefits of U.S. and Japan losses incurred during the three and six months ended September 30, 2020 may not be realized. Accordingly, the Company did not record the tax benefits of U.S. and Japan losses incurred during the three and six months ended September 30, 2020. The primary difference between the effective tax rate and the statutory tax rate relates to the valuation allowance on the Company’s U.S. and Japan losses and foreign tax rate differences.