Income Taxes

9 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

16. Income taxes

The Tax Cuts and Jobs Act (the “Tax Reform Act”) was enacted on December 22, 2017. The Tax Reform Act reduces the U.S. federal corporate income tax rate from 35% to 21%, requires companies to pay a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred, and repeals the deferral of the phase three tax for life insurance companies. As of December 31, 2018, we have completed our accounting for the tax effects of enactment of the Tax Reform Act.