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Income Taxes
9 Months Ended
Sep. 30, 2019
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE J - Income Taxes

The effective tax rate for the third quarter of 2019 was 21.8% compared to 18.5% in the third quarter of 2018. The effective tax rate for the first nine months of 2019 was 23.0% compared to 21.4% in the same period of 2018. The lower tax rate in the third quarter of 2018 was due to a one-time reduction in tax liability related to extended warranty contracts and higher realized R&D credits.