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Note 14 - Income Taxes
9 Months Ended
Sep. 30, 2022
Notes to Financial Statements  
Income Tax Disclosure [Text Block]

14. Income Taxes

 

The effective income tax rates for the nine months ended September 30, 2022 and 2021 were 20.4% and 21.8%, respectively. The decrease in the effective tax rate was driven by discrete tax items including the unfavorable tax rate adjustment in a foreign jurisdiction increasing the tax expense in the prior year, and a nontaxable adjustment to contingent consideration in the current year quarter. These were partially offset by a lower tax benefit from equity compensation in the current year compared to the prior year.