Income Tax (Tables)

12 Months Ended

Mar. 31, 2015

Income Tax Disclosure [Abstract]

Provision (benefit) for income taxes

The provision for income taxes consists of the following components:

	Fiscal Year Ended March 31,
	2015			2014			2013
Current:
Federal taxes	$	18,055		$	8,673		$	30,382
State taxes	1,887			2,380			5,019
Foreign taxes	262			252			190
Total current taxes	20,204			11,305			35,591
Deferred:
Federal taxes	$	(9,804	)	$	(2,894	)	$	(8,469	)
State taxes	(1,771		)	(897		)	(742		)
Foreign taxes	(297		)	(193		)	(190		)
Total deferred taxes	(11,872		)	(3,984		)	(9,401		)
Provision for income taxes	$	8,332		$	7,321		$	26,190

Provision for income taxes differ at the federal statutory rate

The provision for income taxes differs from the amount computed at the federal statutory rate as follows:

	Fiscal Year Ended March 31,
	2015		2014		2013
Current:
Federal income tax statutory rate	35.0	%	35.0	%	35.0	%
Increase (decrease) resulting from:
State income taxes, net of Federal benefit	2.0		4.2		4.0
Research and development tax credits	(4.4	)	(5.3	)	(2.1	)
Qualified production activities income deduction	(5.4	)	(4.9	)	(4.6	)
Impairment of goodwill	—		5.7		7.5
Other non-recurring adjustments for State taxes	(1.8	)	—		—
Other	(2.0	)	(2.9	)	(1.8	)
Effective income tax rate	23.4	%	31.8	%	38.0	%

Net deferred tax assets and liabilities in consolidated balance sheets

The net deferred tax assets and liabilities in the accompanying consolidated balance sheets consist of the following:

	March 31, 2015			March 31, 2014
Deferred tax assets:
Deferred revenue	$	11,970		$	10,144
Inventory valuation	56			46
Accrued compensation and benefits	7,744			5,219
Deferred compensation	2,342			1,941
Compensatory stock option expense	2,852			2,094
Allowance for doubtful accounts	4,944			6,791
Intangible assets	7,603			6,086
Research and development credit	1,988			2,434
Net operating loss	512			—
Other	3,561			2,992
Total deferred tax assets	43,572			37,747
Deferred tax liabilities:
Accelerated depreciation	$	(756	)	$	(1,582	)
Capitalized software	(8,728		)	(13,919		)
Prepaid expense	(1,321		)	(1,199		)
State income taxes	(730		)	(433		)
Total deferred tax liabilities	(11,535		)	(17,133		)
Valuation allowance	(1,840		)	(2,288		)
Deferred tax assets, net	$	30,197		$	18,326

Reconciliation of beginning and ending amount of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits, which is recorded within other noncurrent liabilities

in the Company’s consolidated balance sheet, is as follows:

Balance at March 31, 2013	$	733
Additions for current/prior year tax positions	405
Reductions for prior year tax positions	(263		)
Balance at March 31, 2014	$	875
Additions for prior year tax positions	3,106
Reductions for prior year tax positions	(218		)
Balance at March 31, 2015	$	3,763