XML 32 R22.htm IDEA: XBRL DOCUMENT v3.24.2
Income Taxes
 3 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Income tax expense (benefit) as a percentage of income (loss) from continuing operations before income tax expense was 28% and 27% in the three months ended June 30, 2024 and June 30, 2023, respectively. Typically these percentages vary from the U.S. statutory rate of 21% primarily due to varying statutory tax rates at the Company's foreign subsidiaries, and the jurisdictional mix of income for these subsidiaries. The impact of equity compensation increased the rate by 3 percentage points and 2 percentage points in the three months ended June 30, 2024 and June 30, 2023, respectively.
The Company estimates that the effective tax rate related to continuing operations will be approximately 24% to 26% for fiscal 2025.

Refer to the Company’s consolidated financial statements included in the 2024 10-K for further information on income taxes.