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INCOME TAXES
6 Months Ended
Sep. 30, 2017
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES
The Company's effective income tax rates were 45.9% and 22.1% for the three months ended September 30, 2017 and 2016, respectively. Generally, the effective tax rate differs from the statutory tax rate due to the impact of the domestic production activities deduction, research and development credit, the impact of state taxes and income generated in jurisdictions that have a different tax rate than the U.S. statutory rate. The effective tax rate for the three months ended September 30, 2017 is higher than the effective rate for the three months ended September 30, 2016, primarily due to the benefit of equity compensation deductions recorded during the three months ended September 30, 2017, including benefits recorded to the income statement pursuant to the adoption of ASU 2016-09, Compensation - Stock Compensation. This benefit has the effect of increasing the tax rate due to losses being generated in the three months ended September 30, 2017.
The Company's effective income tax rates were 35.3% and 32.8% for the six months ended September 30, 2017 and 2016, respectively. The effective tax rate for the six months ended September 30, 2017 is higher than the effective rate for the six months ended September 30, 2016, primarily due to the benefit of equity compensation deductions recorded during the six months ended September 30, 2017, including benefits recorded to the income statement pursuant to the adoption of ASU 2016-09, Compensation - Stock Compensation. This benefit has the effect of increasing the tax rate due to losses being generated in the six months ended September 30, 2017.