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Note 12 - Income Taxes
 6 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Income Tax Disclosure [Text Block]

12)     Income Taxes

 

The Company's effective tax rate from continuing operations for the second quarter of fiscal year 2025 and for the first six months of fiscal year 2025 was 35.5% and 22.6% compared with 22.1% and 23.0% for the prior year quarter and prior year period, respectively.

The tax rate was impacted for the second quarter of fiscal year 2025 and for the first six months of fiscal year 2025 by the following items: (i) a discrete tax benefit related to equity compensation, (ii) a discrete tax expense related to the write-off of foreign deferred tax assets, (iii) the jurisdictional mix of earnings, (iv) foreign withholding taxes and (v) federal research and development tax credits.

The tax rate was impacted in the prior year quarter and prior year period, respectively 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.