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Income Taxes
3 Months Ended
Jun. 30, 2014
Income Taxes [Abstract]  
Income Taxes
10. Income Taxes

The Company recorded income tax expenses from continuing operations for the three months ended June 30, 2014 and 2013, of $2,714,000, or an effective tax rate of 40.7%, and $74,000, or an effective tax rate of 41.8%, respectively. The income tax rates were higher than the federal statutory rate primarily due to state income taxes, which were partially offset by the benefit of lower statutory tax rates in foreign taxing jurisdictions.  In addition, the Company’s income tax rates for three months ended June 30, 2014 were positively impacted by a non-taxable gain in connection with the fair value adjustment on the warrants compared to a non-deductible loss for the three months ended June 30, 2013.

The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, various states and foreign jurisdictions with varying statutes of limitations. At June 30, 2014, the Company continues to be under examination in the U.S. by the Internal Revenue Service for fiscal years 2011 through 2013 and by the State of California for fiscal years 2008 through 2010. The Company is not under examination in any other jurisdiction. The Company believes no significant changes in the unrecognized tax benefits will occur within the next 12 months.