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Note 14 - Income Tax Expense - Effective Income Tax Rate (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Before Income Taxes $ 20,789 $ 18,769 $ 50,695 $ 50,721
Tax Computed at Company’s Net Composite Federal and State Statutory Rate (26%) 5,405 4,879 13,181 13,187
(Decreases) Increases in Tax from:        
Differences Reversing in Excess of Federal Rates (543) (774) (1,772) (1,757)
Allowance for Funds Used During Construction – Equity (248) (94) (560) (180)
Excess Tax Deduction – Equity Method Stock Awards 0 0 (535) (827)
North Dakota Wind Tax Credit Amortization – Net of Federal Taxes (258) (258) (516) (516)
Research and Development and Other Tax Credits (333) (187) (387) (375)
Corporate Owned Life Insurance (193) (150) 14 (559)
Other Items – Net (22) (73) 21 (2)
Income Tax Expense $ 3,808 $ 3,343 $ 9,446 $ 8,971
Effective Income Tax Rate 18.30% 17.80% 18.60% 17.70%