NOTE 16.

INCOME TAXES

During the three months ended June 30, 2015 and 2014, our income tax provision was $4.0 million, based on an effective tax rate of 36%, and $3.0 million, based on an effective tax rate of 37%, respectively. The dollar increase in the income tax provision during the first quarter of fiscal 2016, as compared to the same period last year, was primarily attributable to higher pre-tax income. The effective tax rate during the three months ended June 30, 2015, as compared to the same period last year, decreased as a result of an increase in federal tax benefit for qualified production activities, partially offset by an increase in state income taxes resulting from an increase in pre-tax income.

We did not have any unrecognized tax benefits as of June 30, 2015 and March 31, 2015. During the three months ended June 30, 2015 and 2014, we did not recognize any interest or penalties related to unrecognized tax benefits.