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Income Taxes (Tables)
3 Months Ended
Jun. 30, 2017
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 months ended June 30, 2017 and 2016 were as follows:

 

 

 

For the Three Months Ended June 30,

 

 

 

 

 

2017

 

 

 

2016

 

 

Statutory income tax rate

 

 

35.0

 

%

 

35.0

 

%

Increase resulting from:

 

 

 

 

 

 

 

 

 

Excess tax benefits from stock-based awards

 

 

(49.8

)

 

 

 

 

Credits

 

 

(1.2

)

 

 

(1.3

)

 

State taxes, net

 

 

3.5

 

 

 

3.4

 

 

Permanent differences

 

 

1.8

 

 

 

2.7

 

 

Other

 

 

0.1

 

 

 

(0.1

)

 

Effective tax rate

 

 

(10.6

)

%

 

39.7

 

%