XML 69 R17.htm IDEA: XBRL DOCUMENT v3.19.3

Note 11 - Income Taxes	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	(11 ) Income Taxes The income tax expense included in the accompanying unaudited condensed consolidated statements of income principally relates to the Company’s proportionate share of the pre-tax income of its wholly-owned subsidiaries. The determination of income tax expense for interim reporting purposes is based upon the estimated effective tax rate for the year, adjusted for the impact of any discrete items which are accounted for in the period in which they occur. The Company recorded tax expense of approximately 5.2% and 26.5% of income before income tax expense for the three -month periods ended September 30, 2019 and 2018, respectively. The Company recorded tax expense of approximately 17.4% and 25.4% of income before income tax expense, for each of the nine -month periods ended September 30, 2019 and 2018, respectively. The decline in the Company’s effective tax rate for both the three - and nine -month periods ended September 30, 2019, was largely due to a significant increase in the amount of business tax credits earned in its federal and state 2018 tax returns due to qualifying research expenses at Dielectrics as well as growing development work at the rest of the Company. As a result of these credits, the Company has also lowered its estimated effective tax rate for the current year in anticipation of again qualifying for higher than historical business tax credits.

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureTextBlockAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration