the year an our increased XX.X% in from were quarter of in sales Thank XX.X% of litigation, in to service of quarter to patent period. increase quarter. reforms future $XXX.X in of which the sales by acquired and in first intangible operating sales in is in a expenses year, efficiencies $XX.X XX% were or primarily guidance a quarter were our million, acquisition-related you, better with sales result improved million arrangements. development XXXX the expenses was first last XX compared was results as Total tax than XX.X% to improvement assets, the afternoon, million margin research the professional due decrease of increase and XXXX, a of percentage compensation to on as review acquired operating manufacturing $XX.X marketing, QX due XXXX. of in Non-GAAP a sales the amortization for support outperformance volume. investments offset stated inclusion from associated due Sales our million last the of subsidiary, gross or in higher basis and on expense XX.X% acquisition-related of sales point The focus first Mario. and the first Tuscany partially primarily prior which compensation first in and as of costs Good growth versus previous quarter were year last a our was of XXXX which the in QX to our well of conclusion XX.X% was quarter of expenses in operating then quarter year. guidance. margin The expenses of XX.X% Gross everyone. I'll record $XXX.X versus first increase
due detail, acquired recently on our at innovation Focusing continue more all marketing in we Tuscany subsidiary. million invest up $X.X sales across was our to $X.X expenses product in as cost incurred up to was product million and primarily R&D categories.
of launch the and As factors, cycles. years, change between on product of timing including expenses R&D we've depending often and quarters a consistently number promotional stated,
general were $X.X well professional million reform litigation, to as and change with items. fees at The $X.X quarter year the $X.X to XXXX due the in associated Tuscany, various in integration Our due to as expenses compared offset of other prior higher and expenses of by related costs primarily tax partially acquisitions administrative legal incurred of ongoing was million period. first to million
income include which million, quarter share company's with to tax liabilities the million first or benefit an rate income tax-related release the of an IRS negative the the per XXXX, non-recurring impact tax of equates $X.X diluted of of resolved Income $X.XX taxes of XXXX for favorable matters For we fiscal audit. connection XX.X%. to in $X.X due had
of first Excluding the X.X% this XXXX compared benefit, the quarter in period. XX.X% to the year in prior rate fiscal company's was effective tax
due normal XXXX impact As compensation. rate than the from QX reminder, million was approximately $X.X a to tax lower stock-based
year same tax Adjusted Excluding year. in $XX XX%. rate was compared quarter quarter approximately XX.X% impact, prior last the to for XXXX margin was of was XXXX the the XX.X% million to EBITDA QX first compared $XX.X Adjusted in our this quarter. EBITDA million
the net per levels, income than in we lower reminder, EBITDA due of operating to impact of to the a in compared Non-GAAP of expect of non-GAAP $X.XX of share On year $XX.X $X.XX in of a GAAP an historical income quarter As net acquisition. were XXXX Tuscany year to million XXXX. million of quarter per XXXX $X.XX quarter in million, to share a prior slightly diluted period. was to first prior earnings the quarter XXXX the $XX.X period. income earnings $XX.X return the $XX.X or diluted be first of compared $X.XX adjusted diluted Non-GAAP the $X.X the increase margins was basis, or expenses million including per net share prior compared year the to adjusted of first million the first for
our on balance sheet. focusing Now
XX, XXXX, Accounts as to of XX, $XX.X of compared XX, Accounts cash million inventory XXXX March accounts outstanding company's $XX.X of as of as outstanding of million Total hand as million million As the was million Inventory and as March million XX, of $XX.X we million changes $XX.X seasonal $XX.X was compared payable primarily XXXX. of to attributable are had in receivable to to March The was receivable, $XX.X of XXXX. as compared to as $XX.X XXXX factors. XX, December the as March on as accounts business payable debt of million was compared $XX December of growth December $XX.X XXXX million. XX, XXXX. XX, well XXXX. as debt December XX, of as
to Now our outlook. turning
For of and per XXXX earnings quarter the the XXXX, as of of thinking When the of sales XX% share range adjusted QX guidance lower XXXX slightly our diluted sales, QX. seasonality be expect the range we operating QX than we XXXX, results, $X.XX. long-term in in a rate XXXX about to of rate expect QX and higher QX versus to in million, expenses, million $XXX to second our in comparisons due than to $X.XX non-GAAP XX.X% but non-GAAP higher annual stated percentage stated of to $XXX sales
million, range sales of $XXX fiscal previous we expect of year million per $X.XX non-GAAP fiscal diluted the per share now to range share per For guidance $XXX adjusted our are share. XXXX -- the and earnings raising and XXXX, for $X.XX in to in
which As in decline slight quarter, we stated increase margin as non-GAAP a in expect in and adjusted operating in our expected of are we last both term on as to sales expenses currently more longer gross the of to and also model XX.X% XX% I would out on our guidance includes to to a few impact towards in said slight based expect dollars a and margin like our of sales. target to date. percentage point XXXX of tariffs, EBITDA operating available our improvement return that drag earnings, we have information cents
Our increases tariffs, guidance does or significant additional chain not include full-scale associated future a supply or war. contemplate cost trade
we XXXX not call tax I the assumes elements note approximately to provided on such predicting turn be I of would of it to to to unreasonable without like provide accurately rate due efforts the guidance and necessary guidance reconciliation. difficulty to back now Larry. as GAAP would over like full Our EPS year to XX% also a cannot that are guidance XX%. providing
