TAXES	3 Months Ended
Mar. 31, 2020
TAXES
TAXES	NOTE 7. TAXES For the three months ended March 31, 2020 and 2019, the Company’s effective tax rate was 4.3% and 19.6%, respectively. The low effective tax rate for the three months ended March 31, 2020 was a result of the high weight of tax credits and excess tax benefit on stock option exercises on the Provision for income taxes, as the quarterly income was negatively impacted by the suspension of the operations in the mid-March due to COVID-19 pandemic. Deferred tax assets were evaluated by considering historical levels of income, estimates of future taxable income and the impact of tax planning strategies. No uncertain tax positions were recorded as of March 31, 2020 and 2019. No change in uncertain tax positions is anticipated over the next twelve months.

TAXES

3 Months Ended

Mar. 31, 2020

NOTE 7. TAXES

For the three months ended March 31, 2020 and 2019, the Company’s effective tax rate was 4.3% and 19.6%, respectively. The low effective tax rate for the three months ended March 31, 2020 was a result of the high weight of tax credits and excess tax benefit on stock option exercises on the Provision for income taxes, as the quarterly income was negatively impacted by the suspension of the operations in the mid-March due to COVID-19 pandemic.

Deferred tax assets were evaluated by considering historical levels of income, estimates of future taxable income and the impact of tax planning strategies.

No uncertain tax positions were recorded as of March 31, 2020 and 2019. No change in uncertain tax positions is anticipated over the next twelve months.