Note 8 - Income Taxes

3 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Income Tax Disclosure [Text Block]

8. Income Taxes

The Company had an effective tax rate of 7.8% for the three months ended March 31, 2026, and 26.8% for the three months ended  March 31, 2025.

The change in effective tax rates for the three-month period ended March 31, 2026 as compared to the three-month period ended  March 31, 2025 was primarily due to the mix of pre-tax income 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. While we currently have a full valuation allowance recorded on the U.S. net deferred tax assets, future results, combined with other positive or negative evidence, may require the Company to re-assess the valuation allowance recorded on its U.S. net deferred tax assets in future periods.