XML 59 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
INCOME TAXES
6 Months Ended
Sep. 30, 2013
INCOME TAXES [Abstract]  
INCOME TAXES
NOTE 13. INCOME TAXES

During the three months ended September 30, 2013 and 2012, our income tax provision was $2.2 million, based on an effective tax rate of 36%, and $8.0 million, based on an effective tax rate of 38%, respectively. During the six months ended September 30, 2013 and 2012, our income tax provision was $4.0 million, based on an effective tax rate of 36%, and $9.7 million, based on an effective tax rate of 38%, respectively. The effective tax rates during the three and six months ended September 30, 2013, as compared to the three and six months ended September 30, 2012, decreased primarily due to (a) a discrete tax expense of approximately $6.7 million due to a gain from our legal settlement with Cepheid during the second quarter of fiscal 2013 and (b) reinstatement of federal research tax credits on January 2, 2013, partially offset by (c) an increase in non-deductible share-based compensation expense.

We did not have any unrecognized tax benefits as of September 30, 2013 and March 31, 2013. During the three and six months ended September 30, 2013 and 2012, we did not recognize any interest or penalties related to unrecognized tax benefits.