Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

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Income Taxes
6 Months Ended
Mar. 31, 2012
Income Taxes  
Income Taxes

 

 

6. Income Taxes

 

During the period ended March 31, 2012, the Company recorded a discrete tax charge of $3.0 million, which had the effect of increasing the effective tax rate from 38% to 43.3% for the year-to-date period. The charge relates to changes in the estimated blended state tax rate and includes the correction of an error of $1.6 million. The Company does not believe this correction is material to its consolidated financial statements.