Note 16 - Income Taxes |
9 Months Ended | ||
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Sep. 30, 2024 | |||
| Notes to Financial Statements | |||
| Income Tax Disclosure [Text Block] |
The Company’s effective tax rate was 22.7% and 16.4% for the three months ended September 30, 2024 and 2023, respectively. The Company’s effective tax rate was 24.5% and 20.9% for the nine months ended September 30, 2024 and 2023, respectively. The effective tax rate for the three and nine months ended September 30, 2023 was impacted by a tax benefit related to the purchase of investment tax credits included in the Company's estimated annual effective tax rate. The effective tax rate for the three and nine months ended September 30, 2024 was impacted by the release of reserves for uncertain tax positions of $445. The effective tax rate for the nine months ended September 30, 2024 was impacted by the establishment of reserves for uncertain tax positions of $888.
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The largest item affecting deferred taxes is the difference between book and tax amortization of goodwill and other intangibles amortization.
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- References No definition available.
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- Definition The entire disclosure for income tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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