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Note 10 - Taxes on Income

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Income Tax Disclosure [Text Block]

10.

TAXES ON INCOME

The Company’s effective tax rate in the quarter ended March 31, 2020 was 13.6% on a pre-tax loss. The expense was negatively impacted by: (i) valuation allowances on certain net operating losses in foreign jurisdictions for which no income tax benefits are expected to be recognized; and (ii) a $0.4 million net tax expense, or 31.6% expense to the effective tax rate, related to employee share-based payments that vested during the first quarter of 2020.

The Company’s effective tax rate in the quarter ended March 31, 2019 was a benefit of 16.0% on a pre-tax loss and was negatively impacted by valuation allowances on certain net operating losses in foreign jurisdictions for which no income tax benefits are expected to be recognized.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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