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Income Taxes
9 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesIncome taxes are recorded in our quarterly financial statements based on our estimated annual effective income tax rate, subject to adjustments for discrete events, should they occur. The effective tax rates used in the calculation of income taxes were 23.7% and 23.3% for the three months ended December 31, 2022 and 2021, respectively. The effective tax rates used in the calculation of income taxes were 23.0% and 23.9% for the nine months ended December 31, 2022 and 2021, respectively. The decrease in the effective tax rate for the nine months ended December 31, 2022 compared to the nine months ended December 31, 2021 was due to discrete items primarily pertaining to state tax rate legislative changes and stock-based compensation.