Income Taxes	9 Months Ended
Jan. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective income tax rates for the three- and nine-month periods ended January 31, 2017 were 33.2% and 34.5%, respectively, compared with 35.7% and 36.1%, respectively, in the comparable periods of the prior fiscal year. The decrease in the effective tax rate for the third quarter of fiscal 2017 from the third quarter of fiscal 2016 was mostly caused by the reduction of the valuation allowance on state investment tax credit carryforwards of $0.4 million, net of federal impact. The effective tax rate for the first nine months of fiscal 2017 as compared to the first nine months of fiscal 2016 was favorably impacted by a $1.3 million tax benefit related to the early adoption of ASU 2016-09, the new accounting guidance relating to stock-based compensation

Income Taxes

9 Months Ended

Jan. 31, 2017

The Company’s effective income tax rates for the three- and nine-month periods ended January 31, 2017 were 33.2% and 34.5%, respectively, compared with 35.7% and 36.1%, respectively, in the comparable periods of the prior fiscal year. The decrease in the effective tax rate for the third quarter of fiscal 2017 from the third quarter of fiscal 2016 was mostly caused by the reduction of the valuation allowance on state investment tax credit carryforwards of $0.4 million, net of federal impact. The effective tax rate for the first nine months of fiscal 2017 as compared to the first nine months of fiscal 2016 was favorably impacted by a $1.3 million tax benefit related to the early adoption of ASU 2016-09, the new accounting guidance relating to stock-based compensation