TAXES	9 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]
TAXES	TAXES We estimate the full-year effective tax rate from continuing operations and apply this rate to our year-to-date income from continuing operations. In addition, we separately calculate the tax impact of unusual or infrequent items, if any. The tax impacts of such unusual or infrequent items are treated discretely in the quarter in which they occur. During the three months ended December 31, 2017 and 2016, our effective tax rate was 57.5% and 12.0%, and during the nine months ended December 31, 2017 and 2016, our effective tax rate was (2.7)% and 10.2%, respectively. The effective tax rate for the three and nine months ended December 31, 2017 and 2016 were impacted by valuation allowances against future realization of foreign tax credits and net operating losses in certain foreign jurisdictions. For the three and nine months ended December 31, 2017, our effective tax rate also includes the impact of $4.7 million of unrecognized tax benefits in certain foreign jurisdictions. Additionally, for the three and nine months ended December 31, 2017, we reported a one-time tax benefit of $14.1 million as a result of the enactment of the Tax Cuts and Jobs Act (the “Act”). The relationship between our provision for or benefit from income taxes and our pre-tax book income can vary significantly from period to period considering, among other factors, (a) the overall level of pre-tax book income, (b) changes in the blend of income that is taxed based on gross revenues or at high effective tax rates versus pre-tax book income or at low effective tax rates and (c) our geographical blend of pre-tax book income. Consequently, our income tax expense or benefit does not change proportionally with our pre-tax book income or loss. Significant decreases in our pre-tax book income typically result in higher effective tax rates, while significant increases in pre-tax book income can lead to lower effective tax rates, subject to the other factors impacting income tax expense noted above. The increase in our effective tax rate excluding discrete items for the three months ended December 31, 2017 compared to the three months ended December 31, 2016 primarily related to an increase in the blend of earnings taxed in relatively high taxed jurisdictions versus low taxed jurisdictions. Additionally, we increased our valuation allowance by $2.1 million and $3.7 million for the three months ended December 31, 2017 and 2016, respectively, and $13.4 million and $19.3 million for the nine months ended December 31, 2017 and 2016, respectively, which also increased our effective tax rate. As of December 31, 2017, there were $6.2 million of unrecognized tax benefits, all of which would have an impact on our effective tax rate if recognized. On December 22, 2017, the United States Congress enacted the Act. The Act includes numerous changes in existing U.S. tax law, including a permanent reduction in the U.S. federal corporate income tax rate from 35% to 21%. The rate reduction takes effect on January 1, 2018. Further, the Act provides for a one-time “deemed repatriation” of accumulated foreign earnings of certain foreign corporations. Under U.S. generally accepted accounting principles, our net deferred tax liabilities are required to be revalued during the period in which the new tax legislation is enacted. We have made reasonable estimates for the change in the U.S. federal corporate income tax rate and one-time “deemed repatriation” of accumulated foreign earnings. We estimate the revaluation of U.S. net deferred tax liabilities will result in a one-time tax benefit of approximately $75.6 million offset by an estimated $61.5 million in tax expense as a result of the “deemed repatriation” of foreign earnings. We are still analyzing certain aspects of the Act and refining our calculations. Because of the complexity, we are continuing to evaluate certain provisions of the Act which may have an impact on our income taxes beginning after fiscal year 2018.

TAXES

We estimate the full-year effective tax rate from continuing operations and apply this rate to our year-to-date income from continuing operations. In addition, we separately calculate the tax impact of unusual or infrequent items, if any. The tax impacts of such unusual or infrequent items are treated discretely in the quarter in which they occur. During the three months ended December 31, 2017 and 2016, our effective tax rate was 57.5% and 12.0%, and during the nine months ended December 31, 2017 and 2016, our effective tax rate was (2.7)% and 10.2%, respectively. The effective tax rate for the three and nine months ended December 31, 2017 and 2016 were impacted by valuation allowances against future realization of foreign tax credits and net operating losses in certain foreign jurisdictions. For the three and nine months ended December 31, 2017, our effective tax rate also includes the impact of $4.7 million of unrecognized tax benefits in certain foreign jurisdictions. Additionally, for the three and nine months ended December 31, 2017, we reported a one-time tax benefit of $14.1 million as a result of the enactment of the Tax Cuts and Jobs Act (the “Act”).

The relationship between our provision for or benefit from income taxes and our pre-tax book income can vary significantly from period to period considering, among other factors, (a) the overall level of pre-tax book income, (b) changes in the blend of income that is taxed based on gross revenues or at high effective tax rates versus pre-tax book income or at low effective tax rates and (c) our geographical blend of pre-tax book income. Consequently, our income tax expense or benefit does not change proportionally with our pre-tax book income or loss. Significant decreases in our pre-tax book income typically result in higher effective tax rates, while significant increases in pre-tax book income can lead to lower effective tax rates, subject to the other factors impacting income tax expense noted above. The increase in our effective tax rate excluding discrete items for the three months ended December 31, 2017 compared to the three months ended December 31, 2016 primarily related to an increase in the blend of earnings taxed in relatively high taxed jurisdictions versus low taxed jurisdictions. Additionally, we increased our valuation allowance by $2.1 million and $3.7 million for the three months ended December 31, 2017 and 2016, respectively, and $13.4 million and $19.3 million for the nine months ended December 31, 2017 and 2016, respectively, which also increased our effective tax rate.

As of December 31, 2017, there were $6.2 million of unrecognized tax benefits, all of which would have an impact on our effective tax rate if recognized.

On December 22, 2017, the United States Congress enacted the Act. The Act includes numerous changes in existing U.S. tax law, including a permanent reduction in the U.S. federal corporate income tax rate from 35% to 21%. The rate reduction takes effect on January 1, 2018. Further, the Act provides for a one-time “deemed repatriation” of accumulated foreign earnings of certain foreign corporations. Under U.S. generally accepted accounting principles, our net deferred tax liabilities are required to be revalued during the period in which the new tax legislation is enacted. We have made reasonable estimates for the change in the U.S. federal corporate income tax rate and one-time “deemed repatriation” of accumulated foreign earnings. We estimate the revaluation of U.S. net deferred tax liabilities will result in a one-time tax benefit of approximately $75.6 million offset by an estimated $61.5 million in tax expense as a result of the “deemed repatriation” of foreign earnings. We are still analyzing certain aspects of the Act and refining our calculations.

Because of the complexity, we are continuing to evaluate certain provisions of the Act which may have an impact on our income taxes beginning after fiscal year 2018.