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Note O - Income Taxes
9 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Income Tax Disclosure [Text Block]
NOTE O — INCOME TAXES
 
For the
nine
months ended
December 31, 2020
, the Company recorded an income tax provision of
$298,668,
or
22.6%
of earnings before income taxes, compared to a tax benefit of
$678,043,
or
23.3%
of loss before income taxes for the
nine
months ended
December 31, 2019
. For both
nine
month periods, the effective tax rate differed from the federal statutory rate due primarily to the inclusion of state tax expenses or benefits in the provision.