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Income Taxes
3 Months Ended
Sep. 30, 2017
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
The Company recorded an income tax benefit of $8,381 and $1,259 on income from operations before income taxes of $9,572 and $2,560 for the three months ended September 30, 2017 and 2016, respectively. During the three months ended September 30, 2017, we recognized a discrete tax benefit of $7,873 related to excess tax benefits on stock-based compensation. The three months ended September 30, 2017 also included a discrete tax benefit of $4,075 derived from new information obtained about net operating loss carry-forwards of the entities acquired from Microsemi Corporation ("Carve-Out Business") in May 2016. The effective tax rate for the three months ended September 30, 2017 and 2016 differed from the federal statutory rate primarily due to federal research and development credits, domestic manufacturing deduction, excess tax benefits related to stock compensation, and state taxes.
No material changes in the Company’s unrecognized tax positions occurred during the three months ended September 30, 2017.