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Note 3 - Income Taxes
6 Months Ended
Jun. 30, 2013
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]

3.      INCOME TAXES


The Company’s effective tax rate increased to 37.1% for the three-month period ended June 30, 2013, compared to 22.9% for the same period in 2012. The effective tax rate for the six-month period ended June 30, 2013, increased to 37.2% compared to 29.5% for the same period in 2012. This increase was primarily due to an adjustment to income taxes of $575,000 for decreases in deferred state tax rates resulting from legislative changes in 2012, nondeductible fees associated with the May 2013 Recapitalization that were incurred during the six-month period ended June 30, 2013, and an increase in unrecognized tax benefits during the six-month period ended June 30, 2013, compared to a decrease in unrecognized tax benefits for the same period in 2012.


The unrecognized tax benefit as of June 30, 2013, was $265,000, excluding interest of $13,000 and no penalties. The full unrecognized tax benefits, if recognized, would favorably impact the effective income tax rate. The Company believes it is reasonably possible that the total amount of unrecognized tax benefits could decrease during the next 12 months due to the expiration of the U.S. federal statute of limitations associated with certain other tax positions. The Company accrues interest and penalties related to uncertain tax position in the statements of income as income tax expense.