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INCOME TAX
9 Months Ended
Dec. 31, 2013
INCOME TAX  
INCOME TAX

11.          INCOME TAX

 

In determining the quarterly provision for income taxes, the Company makes its best estimate of the effective tax rate expected to be applicable for the full fiscal year.  During the quarter ended December 31, 2013, the Company recognized approximately $3.1 million of previously unrecognized tax benefits related to certain tax credits due to the expiration of the related statute of limitations.  The effect was to reduce tax expense for both the quarter and nine months ended December 31, 2013.  The anticipated effective tax rate for fiscal 2014, including this reduction, is approximately 33%.