Income Taxes |
6 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The Company computes its interim provision for income taxes by applying the estimated annual effective tax rate to income from operations and adjusts the provision for discrete tax items occurring in the period. The Company’s effective tax rate for the three months ended September 30, 2026 was 36.7% compared to 34.3% for the three months ended September 30, 2025. The increase in the effective tax rate for the three months ended September 30, 2026 was primarily due to an increase in the net controlled foreign corporation tested income (“NCTI”) inclusion, partially offset by the recognition of a $9.4 million tax benefit related to an intra-entity transfer of the global economic rights of Bindplane IP from a wholly-owned U.S. subsidiary of the Company to a wholly-owned Swiss subsidiary of the Company. The Company’s effective tax rate for the six months ended September 30, 2026 was 44.4% compared to 37.6% for the six months ended September 30, 2025. The increase in the effective tax rate for the six months ended September 30, 2026 was primarily due to an increase in the NCTI inclusion and the tax impact of share-based compensation shortfalls recognized in the current fiscal year as compared to share-based compensation windfalls recognized in the prior fiscal year. This increase was partially offset by the recognition of a $9.4 million tax benefit related to an intra-entity transfer of the global economic rights of Bindplane IP from a wholly-owned U.S. subsidiary of the Company to a wholly-owned Swiss subsidiary of the Company.
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