XML 27 R15.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Income Taxes | 6 Months Ended
--- | ---
Sep. 30, 2017
Income Taxes [Abstract] |
Income Taxes | Note 8: Income Taxes For the three months ended September 30, 2017 and 2016, the Company’s effective income tax rate was (3.2) percent and 20.0 percent, respectively. For the six months ended September 30, 2017 and 2016, the Company’s effective income tax rate was 6.1 percent and 29.0 percent, respectively. The most significant factors impacting the effective tax rates for the three and six months ended September 30, 2017, as compared with the prior-year periods, were income tax benefits resulting from both a development tax credit in Hungary and a reduction of unrecognized tax benefits, as well as changes in the valuation allowance related to certain foreign jurisdictions and changes in the mix of foreign and domestic earnings. The development tax credit in Hungary resulted in a tax benefit of $2.2 million and $5.7 million in the three and six months ended September 30, 2017, respectively. Also, in the second quarter of fiscal 2018, the Company reduced its unrecognized tax benefits by $1.8 million as a result of a lapse in statutes of limitations. At September 30, 2017, valuation allowances against deferred tax assets in certain foreign jurisdictions totaled $47.0 million and valuation allowances against certain U.S. deferred tax assets totaled $5.8 million, as it is more likely than not these assets will not be realized based upon historical financial results. The Company will continue to provide a valuation allowance against its net deferred tax assets in each of the applicable jurisdictions until the need for a valuation allowance is eliminated. The need for a valuation allowance is eliminated when the Company determines it is more likely than not the deferred tax assets will be realized. The Company may release the valuation allowance (approximately $3.0 million) in a foreign jurisdiction in late fiscal 2018 or in fiscal 2019. Accounting policies for interim reporting require the Company to adjust its effective tax rate each quarter to be consistent with its estimated annual effective tax rate. Under this methodology, the Company applies its estimated annual income tax rate to its year-to-date ordinary earnings to derive its income tax provision each quarter. The Company records the tax impacts of certain significant, unusual or infrequently occurring items in the period in which they occur. The Company excluded the impact of its operations in certain foreign locations from the overall effective tax rate methodology and recorded them discretely based upon year-to-date results because the Company anticipates net operating losses for the full fiscal year in these jurisdictions. The Company does not anticipate a significant change in unrecognized tax benefits during the remainder of fiscal 2018.

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration