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Note 8 - Income Taxes - Reconciliation of Income Tax Rate (Details)
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Computed (expected tax rate) 21.00% 31.50%
State income taxes (net of federal tax benefit) 3.20% 2.90%
State tax credits 0.70% (4.80%)
Federal credits 1.00% (6.80%)
Manufacturer’s deduction 0.40%
Addition to uncertain tax positions 1.00% 2.00%
Difference between statutory and actual rate (10.50%)
Other permanent differences not deductible (0.20%) (3.70%)
Change in valuation allowance (0.20%) 22.60%
Return to provision federal (0.10%) (4.50%)
Tax rate change (42.10%)
Other (0.50%) (2.10%)
Effective income tax rate 25.90% (15.10%)