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Income Taxes (Tables)
3 Months Ended
Jun. 30, 2018
Income Tax Disclosure [Abstract]  
Differences Between Statutory Income Tax Rate and Effective Income Tax Rate

The significant differences between the statutory income tax rate and effective income tax rate for the three months ended June 30, 2018 and 2017 were as follows:

 

 

 

For the Three Months Ended June 30,

 

 

 

 

 

2018

 

 

 

2017

 

 

Statutory income tax rate

 

 

21.0

 

%

 

35.0

 

%

Increase resulting from:

 

 

 

 

 

 

 

 

 

Excess tax benefits from stock-based awards

 

 

(111.0

)

 

 

(49.8

)

 

Credits

 

 

(1.8

)

 

 

(1.2

)

 

State taxes, net

 

 

4.3

 

 

 

3.5

 

 

Permanent differences

 

 

1.6

 

 

 

1.8

 

 

Other

 

 

0.1

 

 

 

0.1

 

 

Effective tax rate

 

 

(85.8

)

%

 

(10.6

)

%