XML 31 R20.htm IDEA: XBRL DOCUMENT v3.25.0.1
INCOME TAXES
 9 Months Ended
Dec. 31, 2024
INCOME TAXES [Abstract]  
INCOME TAXES
13.      INCOME TAXES
  
Our provision for income tax expense was $8.0 million and $30.2 million for the three and nine months ended December 31, 2024, as compared to $11.1 million and $36.1 million for the same three-and nine-month periods in the prior year. Our effective tax rate for the three and nine months ended December 31, 2024, was 25.0% and 26.7% respectively, compared with 29.0% and 27.8%, respectively, for the same three- and nine-month periods in the prior year. Our effective income tax rate for the three and nine months ended December 31, 2024, was lower compared to the same three- and nine-month periods in the prior year primarily due to lower state taxes. The effective tax rate for the three and nine months ended December 31, 2024, and December 31, 2023, differed from the US federal statutory rate of 21.0% primarily due to state and local income taxes.