Note 8 - Income Taxes

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Income Tax Disclosure [Text Block]

8. Income Taxes

The Company had an effective tax rate of 57.8% and 44.9% for the three and six months ended June 30, 2025, respectively, and (42.1)% and (67.2)% for the three and six months ended  June 30, 2024, respectively.

The change in effective tax rates for the three-month period ended June 30, 2025 as compared to the three-month period ended  June 30, 2024 was primarily due to the mix of pre-tax income (loss) results by jurisdictions taxed at different rates, the impact of foreign inclusions and stock-based compensation.

The change in effective tax rates for the six-month period ended June 30, 2025 as compared to the six-month period ended  June 30, 2024 was primarily due to the mix of pre-tax income (loss) results by jurisdictions taxed at different rates, the impact of foreign inclusions and stock-based compensation.

The Company continues to evaluate the realizability of its deferred tax assets on a quarterly basis and will adjust such amounts in light of changing facts and circumstances. In making such an assessment, management would consider all available supporting data, including the level of historical taxable income, future reversals of existing temporary differences, tax planning strategies, and projected future taxable income.