Note 15 - Income Taxes |
9 Months Ended | ||
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Sep. 30, 2017 | |||
Notes to Financial Statements | |||
Income Tax Disclosure [Text Block] |
The projected fiscal 201 7 effective income tax rates as of September 30, 2017 and applied to income before any discrete permanent difference for the thirty-nine week period ended September 30, 2017 are approximately 42.5% and 26.5% in the United States and Canada, respectively, and yielded a consolidated effective income tax rate before any discrete permanent difference of approximately 34.7% for the thirty-nine week period ended September 30, 2017. For the comparable prior year period estimated income tax rates were 41.9% and 26.5% in the United States and Canada, respectively, and yielded a consolidated effective income tax rate of approximately 41.2% for the thirty-nine week period ended October 1, 2016. The relative income or loss generated in each jurisdiction can materially impact the overall effective income tax rate of the Company. The Company experienced a discrete permanent difference of $0.8 million because of increases to contingent consideration. The Company’s effective income tax rate after including this discrete permanent difference was 43.4% for the thirty-nine week period ended September 30, 2017. |