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Income Taxes (Tables)
6 Months Ended
Sep. 30, 2016
Income Tax Disclosure [Abstract]  
Differences Between Statutory Income Tax Rate and Effective Tax Rates

The significant differences between the statutory tax rate and effective tax rate for the three and six months ended September 30, 2016 and 2015 were as follows:

 

 

 

For the Three Months Ended September 30,

 

 

For the Six Months Ended September 30,

 

 

 

 

 

2016

 

 

 

2015

 

 

 

2016

 

 

 

2015

 

 

Statutory income tax rate

 

 

35.0

 

%

 

35.0

 

%

 

35.0

 

%

 

35.0

 

%

Increase resulting from:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credits

 

 

(1.3

)

 

 

(1.2

)

 

 

(1.3

)

 

 

(1.4

)

 

State taxes, net

 

 

3.4

 

 

 

3.3

 

 

 

3.3

 

 

 

3.3

 

 

Permanent differences

 

 

2.7

 

 

 

3.0

 

 

 

2.8

 

 

 

3.5

 

 

Other

 

 

-

 

 

 

0.2

 

 

 

-

 

 

 

0.6

 

 

Effective tax rate

 

 

39.8

 

%

 

40.3

 

%

 

39.8

 

%

 

41.0

 

%