Note 10 - Income Taxes |
3 Months Ended |
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Sep. 30, 2017 | |
| Notes to Financial Statements | |
| Income Tax Disclosure [Text Block] |
Note 10. Income Taxes:The Company’s effective income tax rate for the
first quarter of fiscal 2018 and 2017 was 30.9% and 32.2% of consolidated earnings before income taxes, respectively. The change in the company’s tax rate for the first quarter of fiscal 2018 compared to first quarter of fiscal 2017 were primarily driven by the jurisdictional mix of earnings.The company recognized net
expense related to discrete tax items of
$0.4 million during the first quarter of fiscal year 2018 which is a $0.4 million increase compared to the first quarter of fiscal 2017.
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- References No definition available.
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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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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