Note 11 - Income Taxes

3 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Income Tax Disclosure [Text Block]

 

Note

1

1

-Income Taxes

 

 At the end of each interim reporting period, the Company estimates its effective income tax rate expected to be applicable for the full year. The estimate is used in providing for income taxes on a year-to-date basis and

may

change in subsequent interim periods. The Company’s effective tax rate from operations for the

three

months ended

December 31, 2019

was

27.3%,

compared to

27.9%

in the same period of the prior year. The effective rate for fiscal

2020

and

2019

differed from the U.S. federal statutory rate of

21%,

primarily due to state income taxes and other permanent differences. 

 The Company files income tax returns in the U.S federal jurisdiction, various state jurisdictions, and various foreign countries. The Company does

not

have any uncertain tax positions.