Note 15 - Income Taxes

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Income Tax Disclosure [Text Block]

Note 15—Income Taxes

The following table provides a summary of Company's effective tax rate:   

	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Reported tax rate		27.7	%		26.7	%		29.2	%		26.3	%

The reported tax rates for the three and six months ended June 30, 2025 increased compared to the same period in 2024. The increase is mainly from the change in the mix of tax rates in the jurisdictions where the Company earned taxable income as well as the nature of certain deductions.

The Company determined an annual effective tax rate and applied that annual effective tax rate to the Company's taxable income for the year to date interim periods. The effective tax rate differs from the statutory tax rate primarily due to the effect of nondeductible employee compensation expenses and the results of VIE operations.