Note 12 - Taxes

6 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Taxes

Note 12 – Taxes

Income tax expense during interim periods is based on applying an estimated annual effective income tax rate to year-to-date income, plus any significant unusual or infrequently occurring items which are recorded in the interim period. The provision for income taxes for the three months ended June 30, 2022 and 2021 reflects an income tax benefit of approximately $0.9 million and $1.0 million, respectively, at an estimated annual effective tax rate of 24.7% and 24.5%, respectively. The provision for income taxes for the six months ended June 30, 2022 and 2021 reflects an income tax benefit of approximately $1.5 million and $1.6 million, respectively, at an estimated annual effective tax rate of 24.7% and 24.5%, respectively. The difference between the Company’s effective tax rate and the federal statutory rate is primarily due to the loss attributable to the partnership not subject to tax and state income taxes.