TAXES	6 Months Ended
Sep. 30, 2019
Income Tax Disclosure [Abstract]
TAXES	TAXES Our provision for income taxes for the interim period ended September 30, 2019 was prepared using a discrete effective tax rate method. Historically, we calculated our provision for income taxes during interim reporting periods by applying the estimated annual income tax rate for the full fiscal year to income from continuing operations, excluding discrete items, for the reporting period. We determined that since small changes in estimated pre-tax income or loss would result in significant changes in the estimated annual effective tax rate, the historical method would not provide a reliable estimate of income taxes for the quarter ended September 30, 2019. We will continue to evaluate income tax estimates under the historical method in subsequent quarters and employ a discrete effective tax rate method if warranted. During the three months ended September 30, 2019 and 2018, our effective tax rate was 11.8% and 9.8%, respectively, and during the six months ended September 30, 2019 and 2018, our effective tax rate was 10.1% and 9.6%, respectively. The effective tax rate for the three and six months ended September 30, 2019 and 2018 were impacted by valuation allowances against future realization of foreign tax credits and net operating losses in certain foreign jurisdictions. 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 change in our effective tax rate excluding discrete items for the three months ended September 30, 2019 compared to the three months ended September 30, 2018 primarily related to changes in the blend of earnings taxed in relatively high taxed jurisdictions versus low taxed jurisdictions. Additionally, our valuation allowance increased by $3.6 million and $9.3 million for the three months ended September 30, 2019 and 2018, respectively, and our valuation allowance increased by $3.3 million and $10.3 million for the six months ended September 30, 2019 and 2018, respectively, which also impacted our effective tax rate. As of September 30, 2019, there were $4.1 million of unrecognized tax benefits, all of which would have an impact on our effective tax rate if recognized.

TAXES

Our provision for income taxes for the interim period ended September 30, 2019 was prepared using a discrete effective tax rate method. Historically, we calculated our provision for income taxes during interim reporting periods by applying the estimated annual income tax rate for the full fiscal year to income from continuing operations, excluding discrete items, for the reporting period. We determined that since small changes in estimated pre-tax income or loss would result in significant changes in the estimated annual effective tax rate, the historical method would not provide a reliable estimate of income taxes for the quarter ended September 30, 2019. We will continue to evaluate income tax estimates under the historical method in subsequent quarters and employ a discrete effective tax rate method if warranted. During the three months ended September 30, 2019 and 2018, our effective tax rate was 11.8% and 9.8%, respectively, and during the six months ended September 30, 2019 and 2018, our effective tax rate was 10.1% and 9.6%, respectively. The effective tax rate for the three and six months ended September 30, 2019 and 2018 were impacted by valuation allowances against future realization of foreign tax credits and net operating losses in certain foreign jurisdictions.

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 change in our effective tax rate excluding discrete items for the three months ended September 30, 2019 compared to the three months ended September 30, 2018 primarily related to changes in the blend of earnings taxed in relatively high taxed jurisdictions versus low taxed jurisdictions. Additionally, our valuation allowance increased by $3.6 million and $9.3 million for the three months ended September 30, 2019 and 2018, respectively, and our valuation allowance increased by $3.3 million and $10.3 million for the six months ended September 30, 2019 and 2018, respectively, which also impacted our effective tax rate.

As of September 30, 2019, there were $4.1 million of unrecognized tax benefits, all of which would have an impact on our effective tax rate if recognized.