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Income Taxes
6 Months Ended
Sep. 30, 2013
Income Taxes  
Income Taxes

Note 9. Income Taxes

 

During the quarter ended September 30, 2013, the Company incurred $1.3 million of income tax expense which is related to income taxes for foreign operations.  Income tax expense for the six month period ended September 30, 2013 was $2.9 million, comprised of $2.8 million related to income taxes for foreign operations and $0.1 million of state income tax expense.

 

During the quarter ended September 30, 2012, the Company incurred $1.8 million of income tax expense which was related to income taxes for foreign operations.  Income tax expense for the six month period ended September 30, 2012 was $3.6 million, comprised of $3.5 million related to income taxes for foreign operations and $0.1 million of state income tax expense.

 

There is no U.S. federal income tax benefit from the quarter and six month periods ended September 30, 2013 and September 30, 2012 due to a valuation allowance on deferred tax assets.