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Note P - Income Taxes
9 Months Ended
Sep. 30, 2011
Income Tax Disclosure [Text Block]
Note P – Income Taxes

The Company’s effective income tax rate for the nine months ended September 30, 2011 and 2010 was 38.8% and 40.2%, respectively. The primary reason for this decrease is that this year’s tax provision does not include a valuation allowance while last year’s tax provision included a valuation allowance that increased the effective tax rate by 74 basis points. A decrease in expenses that are non-deductible for tax purposes also contributed to the lower effective income tax rate in the first quarter of 2011.