XML 26 R17.htm IDEA: XBRL DOCUMENT v3.23.3
Note 11 - Income Taxes
9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Income Tax Disclosure [Text Block]

NOTE 11. INCOME TAXES

 

The Company's effective income tax rate for the three months ended  September 30, 2023, was an expense of 119.9%. The difference between the federal statutory rate of 21.0% and the Company's effective tax rate for the three months ended  September 30, 2023, is primarily due to changes in our valuation allowance on deferred tax assets and US tax on foreign income. The Company's effective income tax rate for the three months ended  September 30, 2022, was a benefit of 134.0%. The difference between the federal statutory rate of 21.0% and the Company's effective tax rate for the three months ended September 30, 2022, is primarily due to changes in our valuation allowance on deferred tax assets and the expiration of the applicable statute of limitations for certain uncertain tax positions.

 

The Company's effective income tax rate for the nine months ended  September 30, 2023, was an expense of 39.5%. The difference between the federal statutory rate of 21.0% and the Company's effective tax rate for the nine months ended  September 30, 2023, is primarily due to changes in our valuation allowance on deferred tax assets, the expiration of the applicable statute of limitations for certain uncertain tax positions and US tax on foreign income. The Company's effective income tax rate for the nine months ended September 30, 2022, was a benefit of 10.9%. The difference between the federal statutory rate of 21.0% and the Company's effective tax rate for the nine months ended September 30, 2022, is primarily due to changes in our valuation allowance on deferred tax assets and the expiration of the applicable statute of limitations for certain uncertain tax positions.