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Note 13 - Income Taxes | 6 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
Income Tax Disclosure [Text Block] | 1 3 ) Income Taxes The Company has been recording estimates for the tax impact related to the Tax Cuts and Jobs Act (“TCJA”) signed into law by President Trump on December 22, 2017 according to Staff Accounting Bulletin No. 118 (“SAB 118” ), which permits filers to record provisional amounts during a measurement period ending no later than one year from the date of the Act’s enactment. As of December 31, 2018, the Company is considering the accounting for the tax effects of the enactment of the Act as completed. The Company has recorded a tax benefit of approximately $779 thousand in Q2 for the toll/transition tax related to the TCJA. The Company will be finalizing its tax returns in Q3 and will record any final adjustments as part of the return to provision process. The Company does not expect any material adjustments as it finalizes the tax returns. The Company's effective tax rate from continuing operations for the second quarter of 2019 was 23.6% compared with 129.0% for the prior year quarter. The effective tax rate in 2018 was higher due to approximately $15 million discrete tax charges related to the US tax reform recorded in the prior year and not in the current year quarter. The Company's effective tax rate from continuing operations for the six months ended December 31, 2018 was 26.6% compared with 74.2% for the prior year. The effective tax rate for the year to date was higher due to the same discrete tax reform charges that are not recurring in the current year.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
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