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Note 9 - Income Taxes - Reconciliation of the Federal Statutory Rate to Effective Tax Rate (Details)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Federal statutory rate 21.00% 21.00% 21.00%
State tax, net of federal benefit 2.20% 1.90% 1.40%
Effect of foreign taxes 1.10% 2.10% 3.80%
Federal tax on foreign income 0.40% 0.80% 1.40%
Valuation allowance 1.40% 0.60% (3.20%)
Foreign deferred tax liability offset (0.20%) (0.40%) (0.30%)
Manufacturing deduction 0.00% 0.00% 0.00%
Research & development tax credits (0.60%) (1.20%) (0.70%)
Stock options (2.30%) (8.80%) (3.30%)
Uncertain tax positions 0.30% 1.00% 0.80%
Other permanent differences (0.60%) 0.50% (0.70%)
Change in tax laws 0.00% 0.00% 0.00%
Deferred tax remeasurement 0.00% 0.00% 0.00%
Other (0.30%) (0.20%) (0.90%)
Effective tax rate 22.40% 17.30% 19.30%