XML 28 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 12 - Income Taxes
9 Months Ended
Sep. 30, 2017
Notes to Financial Statements  
Income Tax Disclosure [Text Block]
12
. Income Taxes
 
The effective income tax rates for the
nine
months ended
September 30, 2017
and
2016
were
35.3%
and
36.7%,
respectively. The decrease in the effective income tax rate in
2017
was primarily due to non-recurring discrete tax items
 that favorably impacted the current year and unfavorably impacted the prior year.
 
The Company files U.S. federal, U.S. state, and foreign
jurisdiction tax returns that are subject to examination up to the expiration of the statute of limitations. We believe the tax positions taken on our returns would be sustained upon an exam, or where a position is uncertain, adequate reserves have been recorded.
 
The Company is currently under examination in multiple jurisdictions
and is working to address all matters. While the Company does
not
believe any material taxes or penalties are due, there is a possibility that the ultimate tax outcome of an examination
may
result in differences from what was recorded. Such differences
may
affect the provision for income taxes in the period in which the determination is made, and could impact the company’s financial results.