Note 8 - Income Taxes

9 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Income Tax Disclosure [Text Block]

Note

8

: Income Taxes

For the quarters ended

December 31, 2018

and

2017,

the Company recorded an income tax provision of approximately

$2.4

million and

$2.9

million, respectively, and for the

nine

months ended

December 31, 2018

and

2017,

the Company recorded an income tax provision of approximately

$9.4

million and

$12.2

million, respectively. The effective tax rate for the quarter ended

December 31, 2018

was approximately

23.5%,

compared to

24.0%

for the quarter ended

December 31, 2017.

The effective tax rate for the

nine

months ended

December 31, 2018

was approximately

23.2%,

compared to

31.1%

for the

nine

months ended

December 31, 2017.

The decrease to the income tax provision for the

three

months ended

December 31, 2018

was due to a decrease in taxable income, and the decrease to the effective tax rate for the

nine

months ended

December 31, 2018,

was related to a decrease in the federal tax rate from

35.0%

to

21.0%

pursuant to the Tax Cuts and Jobs Act of

2017.