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Note 12 - Income Taxes
 3 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Income Tax Disclosure [Text Block] 12 )     Income Taxes
 

The Company's effective tax rate from continuing operations for the first quarter of fiscal year 2024 and for the three months ended September 30, 2023 was 23.8% compared with 24.0% for the prior year quarter. 

 

The tax rate was impacted in the current period by the following items: (i) a discrete tax benefit related to equity compensation, (ii) the jurisdictional mix of earnings; (iii) foreign withholding taxes, (iv) federal research and development tax credits and (v) limitations on deductions of certain employees’ compensation under Internal Revenue Code Section 162(m). The tax rate was impacted in the prior period by the following items: (i) a discrete tax benefit related to equity compensation, (ii) the jurisdictional mix of earnings, (iii) foreign withholding taxes, and (iv) federal research and development tax credits.