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Income Taxes

9 Months Ended

Dec. 31, 2020

14. Income Taxes

The following table summarizes income tax information:


	Three Months Ended December 31,				Nine Months Ended December 31,
		2020		2019		2020		2019
Income tax provision (benefit)	$	(4,562)	$	15,240	$	(31,411)	$	(564)
Effective tax rate		192.8%		23.1%		24.1%		0.7%

Three and Nine Months Ended December 31, 2020 and 2019

Fluctuations in our reported income tax rates from the statutory rate are primarily due to the impacts of our acquisition and divestiture activity, benefits recognized as a result of certain incentive tax credits resulting from research and experimental expenditures, and discrete items recognized in the three and nine months ended December 31, 2020. For the three and nine months ended December 31, 2019, fluctuations in our reported income tax rates from the statutory rate are primarily due to benefits recognized as a result of certain incentive tax credits resulting from research and experimental expenditures and the impacts of discrete items.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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