XML 28 R17.htm IDEA: XBRL DOCUMENT v3.22.4
INCOME TAXES
9 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXESThe Company's effective tax rate was (0.1)% and (0.2)% for the three months ended December 31, 2022 and 2021, respectively; and was (1.7)% and (0.4)% for the nine months ended December 31, 2022 and 2021, respectively. The difference in the effective tax rate and the U.S. federal statutory rate was primarily due to the full valuation allowance the Company maintains against its deferred tax assets and driven by current tax liabilities of profitable foreign subsidiaries and state minimum taxes in the United States. The effective tax rate is calculated by dividing the Provision for income taxes by the Loss before provision for income taxes.