Income Taxes (Tables)

9 Months Ended

Dec. 31, 2020

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 nine months ended December 31, 2020 and 2019 were as follows:

	For the Three Months Ended December 31,							For the Nine Months Ended December 31,
		2020			2019				2020			2019
Statutory income tax rate		21.0		%	21.0		%		21.0		%	21.0		%
Increase (decrease) resulting from:
Excess tax benefits from stock-based awards		(2.4	)		(0.5	)			(4.8	)		(6.3	)
Credits		(1.7	)		(1.6	)			(1.7	)		(1.6	)
State taxes, net		4.2			3.3				4.2			3.3
Permanent differences		2.1			1.8				2.1			1.8
Foreign tax credit		(0.3	)		4.0				(0.3	)		2.7
Other		0.5			0.7				0.9			0.4
Effective tax rate		23.4		%	28.7		%		21.4		%	21.3		%