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Income Taxes
6 Months Ended
Sep. 30, 2015
Income Tax Disclosure [Abstract]  
Income Taxes

8. Income Taxes

The Company recorded income tax expense of $0.9 million and $1.5 million for the three and six months ended September 30, 2015, respectively.  The Company recorded income tax expense of $0.1 million and $0.2 million for the three and six months ended September 30, 2014, respectively.  Income tax expense was primarily due to dividend withholding taxes and income taxes in the Company’s foreign jurisdictions.

Accounting for income taxes requires a two-step approach to recognizing and measuring uncertain tax positions.  The first step is to evaluate the tax position for recognition by determining if, based on the technical merits, it is more likely than not the position will be sustained upon audit, including resolution of related appeals or litigation processes, if any.  The second step is to measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement.  The Company re-evaluates these uncertain tax positions on a quarterly basis.  The evaluation is based on factors including, but not limited to, changes in facts or circumstances, changes in tax law, effectively settled issues under audit and new audit activity.  Any changes in these factors could result in the recognition of a tax benefit or an additional charge to the tax provision.  The Company identified an uncertain tax position in the three months ended September 30, 2014 and had an unrecognized tax benefit in the amount of $0.3 million.  This amount, if recognized, would result in a reduction of the Company’s effective tax rate.