XML 30 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 13 - Income Taxes
3 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Income Tax Disclosure [Text Block]
1
3
)     Income Taxes
 
The Company's effective tax rate from continuing operations for the
first
quarter of
2019
was
28.9%
compared to
25.1%
for the prior year quarter.  The tax rate was impacted in the current period by the following items: (i) a benefit from the federal rate decrease to
21
percent under the Tax Cuts and Jobs Act, (ii) estimated withholding taxes on expected distributions of current year earnings in foreign jurisdictions, and (iii) executive compensation deduction limitations as well as income from foreign jurisdictions being taxed in the US under Sec.
951A.
Discontinued operations had an adverse impact on the effective tax rate of
0.9%
for the quarter ending
September 30, 2018.
This adverse impact is a result of income taxed in a lower jurisdiction (United States) being moved to discontinued operations which put upward pressure on the tax rate from continuing operations.