Income Taxes	3 Months Ended
Dec. 31, 2017
Income Taxes
Income Taxes	3. Income Taxes The income tax benefit for the three months ended December 31, 2017 was $0.1 million as compared to an income tax benefit of $0.4 million for the three months ended December 31, 2016. The effective tax rate benefit for the three months ended December 31, 2017 was 13.6% and differs from the statutory tax rate mostly due to a change in the valuation allowance in the current period. The effective tax rate during the three months ended December 31, 2017 was impacted by the Tax Cuts and Jobs Act (“the Act”), which was enacted into law on December 22, 2017. Income tax effects resulting from changes in tax laws are accounted for by the Company in accordance with the authoritative guidance, which requires that these tax effects be recognized in the period in which the law is enacted and the effects are recorded as a component of provision for income taxes from continuing operations. The Act includes significant changes to the U.S. corporate income tax system which reduces the U.S. federal corporate tax rate from 35.0% to 21.0% as of January 1, 2018. The decrease in the U.S. federal corporate tax rate from 35.0% to 21.0% results in a blended statutory tax rate of 24.5% for the fiscal year ending September 30, 2018. The effective tax rate for the three months ended December 31, 2016 was 23.7%. The effective tax rate for the three months ended December 31, 2016 differs from the statutory rate primarily due to the change in the valuation allowance in that period.

3. Income Taxes

The income tax benefit for the three months ended December 31, 2017 was $0.1 million as compared to an income tax benefit of $0.4 million for the three months ended December 31, 2016.

The effective tax rate benefit for the three months ended December 31, 2017 was 13.6% and differs from the statutory tax rate mostly due to a change in the valuation allowance in the current period. The effective tax rate during the three months ended December 31, 2017 was impacted by the Tax Cuts and Jobs Act (“the Act”), which was enacted into law on December 22, 2017. Income tax effects resulting from changes in tax laws are accounted for by the Company in accordance with the authoritative guidance, which requires that these tax effects be recognized in the period in which the law is enacted and the effects are recorded as a component of provision for income taxes from continuing operations.

The Act includes significant changes to the U.S. corporate income tax system which reduces the U.S. federal corporate tax rate from 35.0% to 21.0% as of January 1, 2018. The decrease in the U.S. federal corporate tax rate from 35.0% to 21.0% results in a blended statutory tax rate of 24.5% for the fiscal year ending September 30, 2018.

The effective tax rate for the three months ended December 31, 2016 was 23.7%. The effective tax rate for the three months ended December 31, 2016 differs from the statutory rate primarily due to the change in the valuation allowance in that period.