Note 10 - Income Taxes

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Income Tax Disclosure [Text Block]

1

0

.    Income Taxes

The Company’s effective tax rate from continuing operations for the

three

months ended

March

31,

2017

and

2016

was

56.8%

and

73.4%,

respectively. The effective tax rates for these periods exceeded the U.S. federal statutory rate of

35%

primarily due to foreign net operating losses (including equity investment losses) for which the future income tax benefit currently cannot be recognized, significant losses in foreign jurisdictions with tax rates lower than the U.S. rate of

35%,

state income taxes and certain non-deductible expenses. The Company recorded excess tax benefits of

$210

as a reduction to the provision for income taxes for the

three

months ended

March

31,

2017

as a result of applying the guidance in ASU

2016

-

09

as further discussed in Note

2,

Significant Accounting Policies and Recent Accounting Pronouncements

.