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Income Taxes
6 Months Ended
Sep. 30, 2012
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES
The Company’s effective income tax rate was 40.0% and 11.9% for the three months ended September 30, 2012 and 2011, respectively, and 39.9% and 26.0% for the six months ended September 30, 2012 and 2011, respectively. The three and six month effective tax rates of 40.0% and 39.9%, respectively, differ from the statutory rate of 35.0% due to state and foreign taxes and the effect of permanent rate differences, which primarily relate to meals and entertainment.
The Company is also subject to taxes imposed by various taxing authorities including state and foreign jurisdictions. Tax years related to state and foreign jurisdictions that remain open and subject to examination are not considered to be material, or will be indemnified under the merger agreement as described in the Company's Annual Report.