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Income Taxes (Tables)
6 Months Ended
Sep. 30, 2019
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 and six months ended September 30, 2019 and 2018 were as follows:

 

 

 

For the Three Months Ended September 30,

 

 

For the Six Months Ended September 30,

 

 

 

 

 

2019

 

 

 

2018

 

 

 

2019

 

 

 

2018

 

 

Statutory income tax rate

 

 

21.0

 

%

 

21.0

 

%

 

21.0

 

%

 

21.0

 

%

Increase (decrease) resulting from:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Excess tax benefits from stock-based awards

 

 

(2.7

)

 

 

(24.9

)

 

 

(11.0

)

 

 

(66.6

)

 

Credits

 

 

(2.1

)

 

 

(1.8

)

 

 

(1.7

)

 

 

(1.8

)

 

State taxes, net

 

 

3.3

 

 

 

4.3

 

 

 

3.4

 

 

 

4.3

 

 

Permanent differences

 

 

1.7

 

 

 

1.8

 

 

 

1.9

 

 

 

1.8

 

 

Other

 

 

3.5

 

 

 

2.9

 

 

 

1.7

 

 

 

1.6

 

 

Effective tax rate

 

 

24.7

 

%

 

3.3

 

%

 

15.4

 

%

 

(39.7

)

%