Note 5 - Income Taxes

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Income Tax Disclosure [Text Block]

( 5 ) Income Taxes

Income

tax expense from continuing operations for the

three

and

nine

months ended

September 30, 2017

was

$7,498

and

$22,484,

respectively, compared to

$5,443

and

$21,784

for the

three

and

nine

months ended

September 30, 2016,

respectively. The effective tax rate for the

three

and

nine

months ended

September 30, 2017

was

30.3%

and

26.1%,

respectively, compared to

28.4%

and

30.6%

for the

three

and

nine

months ended

September 30, 2016,

respectively. Tax expense for the

nine

months ended

September

30,

2017

was favorably impacted by

$5,114

as a result of applying 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

nine

months ended

September 30, 2017

was

32.1%.