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Income Taxes
6 Months Ended
Jun. 30, 2019
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE J - Income Taxes

The effective tax rate for the second quarter of 2019 was 23.9% compared to 22.2% in the second quarter of 2018. The effective tax rate for the first half of 2019 was 23.6% compared to 22.8% in the same period of 2018. The increase in the tax rate was primarily due to a proportional increase of U.S. income which has a higher tax rate compared to the Company’s European income.