Note 3 - Income Taxes

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Income Tax Disclosure [Text Block]

(3) INCOME TAXES

The effective tax rate for the three and six-month periods ended June 30, 2024 increased to 26% from 23% and 24% from 23%, respectively, for the same period in 2023. The change in the three and six-month periods was mainly due to decreased tax benefits of $132,000 and $53,000, respectively from the exercise of share-based compensation awards and increased state income taxes of approximately $80,000 and $112,000, respectively, which fluctuate based on various apportionment factors and rates for the states in which we operate.