Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

v3.10.0.1
Income Taxes (Tables)
6 Months Ended
Sep. 30, 2018
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation

The following table sets forth the effective tax rates for the Company for the six months ended September 30, 2018 and 2017.

 

    Six months ended
September 30,
 
    2018     2017  
Statutory federal income tax rate     21.0%       34.0%  
State and local income taxes     8.1%       6.8%  
Permanent differences     12.6%       2.8%  
Minority investment in unconsolidated affiliate     -       2.9%  
Other     1.3%       0%  
Effective tax rate     43.0%       46.5%