Note 13 - Income Taxes

6 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Income Tax Disclosure [Text Block]

13.

Income Taxes

For the

three

and

six

months ended

September 30, 2017,

we recorded income tax provisions of

$1.1

million and

$2.8

million, reflecting

effective tax rates of

23.6%

and

23.9%,

respectively. For the

three

and

six

months ended

September 30, 2016,

we recorded income tax provisions of

$2.9

million and

$5.1

million, reflecting effective tax rates of

42.1%

and

42.4%,

respectively. Our effective tax rates for the

three

and

six

months ended

September 30, 2017

were affected by the adoption of new accounting standards during the

first

quarter ended

June 30, 2017

.

We adopted Accounting Standards Update, or ASU,

No.

2016

-

09,

which required the recognition of all excess tax benefits and tax deficiencies in our statement of operations when the awards vested or were settled and ASU

No.

2016

-

16,

that eliminated the deferral of recognition of deferred tax attributes of certain intercompany transactions. In addition, the effective tax rates were affected by estimates of annual income in domestic and foreign jurisdictions. Our effective tax rates for the

three

and

six

months ended

September 30, 2016

were affected by non-benefitted losses incurred in certain tax jurisdictions and estimates of annual income in domestic and foreign jurisdictions.