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INCOME TAXES
3 Months Ended
Jun. 30, 2016
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES

The Company and its subsidiaries are subject to taxation in the U.S. and in various foreign and state jurisdictions. The effective tax rate for the three months ended June 30, 2016 was 22.5% compared to 19.4% for the same period in the prior year.

The increase in the effective tax rate for the three months ended June 30, 2016 is due primarily to a shift in our geographic mix of income from lower tax jurisdictions to higher tax jurisdictions and the nonrecurring favorable closure of audits in various jurisdictions which resulted in a tax benefit in the year ago period. The increases were partially offset by a decrease from the federal research and development credit, which was permanently reinstated in December 2015.

Included in long-term income taxes payable in the condensed consolidated balance sheets as of March 31, 2016 and June 30, 2016 were unrecognized tax benefits of $12.7 million and $13.1 million, respectively, which would favorably impact the effective tax rate in future periods if recognized. The Company’s continuing practice is to recognize interest and/or penalties related to income tax matters in income tax expense in the condensed consolidated statements of operations.  The accrued interest related to unrecognized tax benefits was $1.6 million and $1.8 million as of March 31, 2016 and June 30, 2016, respectively.  No penalties have been accrued.

The Company and its subsidiaries are subject to taxation in the U.S. and various foreign and state jurisdictions. All U.S. federal tax matters have been concluded for tax years prior to fiscal year 2013. The California Franchise Tax Board completed its examination of the Company's 2007 and 2008 tax years. The Company received a Notice of Proposed Assessment and responded by filing a protest letter. The amount of the proposed assessment is not material. Foreign income tax matters for material tax jurisdictions have been concluded for tax years prior to fiscal year 2011, except for the United Kingdom, which has been concluded for tax years prior to fiscal year 2015.

The Company believes that an adequate provision has been made for any adjustments that may result from tax examinations; however, the outcome of such examinations cannot be predicted with certainty. If any issues addressed in the tax examinations are resolved in a manner inconsistent with the Company's expectations, the Company could be required to adjust its provision for income tax in the period such resolution occurs. The timing of any resolution and/or closure of tax examinations is not certain.