The company announced unaudited consolidated earnings results for the first quarter ended December 31, 2016. For the quarter, the company reported revenue of $123,254,000 compared to $100,369,000 a year ago. Operating income was $28,061,000 compared to $14,355,000 a year ago. Income before income taxes was $27,907,000 compared to $13,378,000 a year ago. Income available to common shareholders was $22,129,000 compared to $11,182,000 a year ago. Diluted earnings per share were $0.88 compared to $0.46 a year ago. Non-GAAP net income was $23,298,000. Non-GAAP diluted earnings per share was $0.92. Net income increased primarily due to higher revenue and lower operating expenses, partially offset by a higher effective tax rate. 

The company currently expects its effective tax rate for the full fiscal year to be within the range of 19 to 22%. Previously, the company had estimated 17 to 20% for the full fiscal year.