XML 23 R13.htm IDEA: XBRL DOCUMENT v3.20.2
Note 8 - Income Taxes
3 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Income Tax Disclosure [Text Block]

Note 8: Income Taxes

 

For the quarters ended June 30, 2020 and 2019, the Company recorded an income tax provision of approximately $2.0 million and $1.6 million, respectively. The increase to the income tax provision for the quarter ended June 30, 2020 is related to an increase in operating income during the quarter. The effective tax rate for the quarter ended June 30, 2020 was approximately 20.6%, compared to approximately 23.5% for the quarter ended June 30, 2019. The decrease in the effective rate for the quarter ended June 30, 2020 is due to the Company receiving a one-time state income tax refund of $285,000 during the quarter.