Note 6 - Income Taxes

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Income Tax Disclosure [Text Block]

(6)

      

Income

Taxes

Income tax expense from continuing operations for the

three

months ended

March

31,

2017

and

2016

was

$5,812

and

$6,552,

respectively. The effective tax rate for the

three

months ended

March

31,

2017

and

2016

was

21.6%

and

30.6%,

respectively. Tax expense for the

three

months ended

March

31,

2017

was favorably impacted by

$2,654

from the adoption of ASU

2016

-

09.

The standard requires recognition immediately in the tax provision of certain effects of share-based payments that were possibly deferred under the previous guidance. Excluding the effects of applying the new standard, the effective tax rate for the

three

months ended

March

31,

2017

was

31.4%.