Note O - Income Taxes

3 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Income Tax Disclosure [Text Block]

NOTE O — INCOME TAXES

For the three months ended June 30, 2024 and three months ended June 30, 2023, the Company recorded an income tax provisions of approximately $0.7 million and $2.6 million, respectively. For the three months ended June 30, 2024, the effective tax rate differed from the federal statutory rate due primarily to the inclusion of state tax expenses in the provision with this impact partially reduced by the tax effect of restricted stock vesting during the quarter. For the three months ended June 30, 2023, the effective tax rate differed from the federal statutory rate due primarily to the inclusion of state tax expenses in the provision.