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Note 8 - Income Taxes
3 Months Ended
Jun. 30, 2021
Notes to Financial Statements  
Income Tax Disclosure [Text Block]

Note 8:   Income Taxes

 

For the quarters ended June 30, 2021 and 2020, the Company recorded an income tax provision of approximately $1.4 million and $2.0 million, respectively. The decrease to the income tax provision for the quarter ended June 30, 2021 is related to a decrease in operating income during the quarter. The effective tax rate for the quarter ended June 30, 2021 was approximately 23.5%, compared to approximately 20.6% for the quarter ended June 30, 2020. The increase in the effective rate for the quarter ended June 30, 2021 is due to the Company receiving a one-time state income tax refund of $285,000 during the quarter ended June 30, 2020.