Note N - Provision for Taxes

6 Months Ended

Jun. 30, 2026

Notes to Financial Statements

Income Tax Disclosure [Text Block]

Note N – Provision for Taxes

The effective tax rate for the three months ending June 30, 2026 was 22.7% compared to 25.8% for the same three month period last year. The effective tax rate for the first six months ending June 30, 2026 was 23.0% compared to 24.7% for the same period last year. The effective tax rate for the three and six months ending June 30, 2026 decreased primarily due to refinements to expected state apportionment factors, which reduced state income tax expense.