Income Taxes

3 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

Income tax expense and the effective income tax rate were as follows:

	Three Months Ended June 30,
	2022			2021
Income tax expense	$	12,153		$	13,527
Effective income tax rate	21.3		%	21.9		%

The tax provisions during the three months ended June 30, 2022, and 2021 were computed using the estimated effective income tax rate applicable to each of the domestic and foreign taxable jurisdictions for the fiscal years ending March 31, 2023, and March 31, 2022, respectively, and were adjusted for discrete items that occurred within the periods presented above.

During the three months ended June 30, 2022, the decrease in the effective income tax rate, compared to the prior period, was primarily due to lower income from operations, and changes in jurisdictional mix of worldwide income before income taxes. Further, there were higher net discrete tax benefits, primarily due to foreign return to provision adjustments, partially offset by higher reserves for uncertain tax position adjustments for foreign and state audits, and a lower deduction for stock-based compensation.