Note 14 - Income Taxes

3 Months Ended

Jun. 29, 2019

Notes to Financial Statements

Income Tax Disclosure [Text Block]

14. Income Taxes

The effective tax rate for continuing operations was

20.5%

and

23.6%

for the

three

month periods ended

June 29, 2019

and

June 30, 2018,

respectively. The change in tax rate resulting from federal credits and incentives is a

4.0

percentage point decrease.  This change is a majority of the

3.1

percentage point decrease in the effective tax rate.  The dollar amount of these credits and incentives did

not

change significantly from

2019

to

2020.

  The decrease is the result of the change in projected pre-tax income from

2019

to

2020.

This resulted in the federal credits and incentives having a larger impact on the tax rate in

2020.