Note 3 - Income Taxes

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Income Tax Disclosure [Text Block]

(4) INCOME TAXES

The effective tax rate for each of the three-month periods ended September 30, 2024 and 2023 was 22%. The effective tax rate for the nine-month periods ended September 30, 2024 increased to 23% from 22% for the same period in 2023. The change in the nine-month periods was mainly due to decreased tax benefits of $55,000 from the exercise of share-based compensation awards and higher state income taxes of approximately $241,000 which fluctuate based on various apportionment factors and rates for the states in which we operate.