Note 3 - Income Taxes

3 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Text Block]

(

)

INCOME TAXES

The effective tax rate for the

three

-month period ended

March 31, 2020

decreased to a (

3.4

)% benefit compared to

16.9%

expense for the same period in

2019

mainly due to increased tax benefits of

$2.6

million from the exercise and vesting of share-based compensation awards partially offset by higher state income taxes due to the requirements to file in more states.

March 27, 2020,

the U.S. federal government enacted the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The CARES Act is an emergency economic stimulus package in response to the coronavirus outbreak which, among other things, contains numerous income tax provisions. While we continue to evaluate the impact of the CARES Act, we don’t currently believe it will have a material impact on our consolidated financial statements or related disclosures.

- Definition

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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