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Income Taxes
 6 Months Ended
Sep. 30, 2015
Income Tax Disclosure [Abstract]  
Income Taxes

Note 8: Income Taxes

 

For the quarters ended September 30, 2015 and 2014, the Company recorded an income tax provision of approximately $2.6 million and $1.6 million, respectively, and for the six months ended September 30, 2015 and 2014, the Company recorded an income tax provision of approximately $6.0 million and $4.5 million, respectively. The increase to the income tax provision for the three and six months ended September 30, 2015, is related to increased operating income. The increase to the income tax provision is also related to the one-time discontinued project charge of $1.7 million, which was expensed in the quarter ended September 30, 2014, and the net after tax impact of this one-time charge was $1.1 million, which reduced the income tax provision by approximately $600,000. The effective tax rate for each of the quarters and six months ended September 30, 2015 and 2014 was approximately 37.0%.