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INCOME TAXES
 6 Months Ended
Sep. 30, 2024
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
Generally, the Company's effective tax rate differs from the U.S. federal statutory income tax rate primarily due to foreign withholding taxes and U.S. taxation on foreign earnings, which are partially offset by research and development tax credits and the foreign derived intangible income deduction.
The Company's effective tax rates were 26.8% and 21.9% for the three months ended September 30, 2024 and 2023, respectively. The effective tax rate for the three months ended September 30, 2024 differed from the effective tax rate for the three months ended September 30, 2023 primarily related to an increase in the forecasted benefit of the foreign derived intangible deduction, offset by an increase in foreign withholding taxes.
The Company's effective tax rates were 1.6% and 22.0% for the six months ended September 30, 2024 and 2023, respectively. The effective tax rate for the six months ended September 30, 2024 differed from the effective tax rate for the six months ended September 30, 2023 primarily related to an increase in the forecasted benefit of the foreign derived intangible income deduction offset by an increase in foreign withholding taxes and goodwill impairment incurred during the six months ended September 30, 2024, which was not deductible for tax purposes.