
J. INCOME TAXES

	The calculation of the effective tax rate is as follows (in thousands):

	Three Months Ended						Six Months Ended
	March 31,						March 31,
	2014			2013			2014			2013
Income from continuing operations before income taxes	$	11,031		$	7,959		$	22,235		$	18,504

Income tax provision		4,055			1,757			7,992			5,182

Income from continuing operations	$	6,976		$	6,202		$	14,243		$	13,322

Effective tax rate		37	%		22	%		36	%		28	%

Our provision for income taxes for continuing operations was $4.1 million in the second quarter of fiscal year 2014, compared to $1.8 million in the second quarter of fiscal year 2013. The effective tax rate for the second quarter of fiscal year 2014 was 36.8% which approximates the combined U.S. federal and state statutory rate as the majority of our income is attributable to the U.S. The effective tax rate for the second quarter of fiscal year 2013 was 22.1% and was favorably impacted by the utilization of loss carryforwards on Canadian income.

Our provision for income taxes for continuing operations was $8.0 million for the six months ended March 31, 2014, compared to $5.2 million for the six months ended March 31, 2013. The effective tax rate for six months ended March 31, 2014 was 35.9% which approximates the combined U.S. federal and state statutory rate as the majority of our income is attributable to the U.S. The effective tax rate for the six months ended March 31, 2013 was 28.0% and was favorably impacted by the utilization of loss carryforwards on Canadian income and the domestic production activities deduction in the United States.