Note 14 - Income Taxes

9 Months Ended

Dec. 28, 2019

Notes to Financial Statements

Income Tax Disclosure [Text Block]

1 4 . Income Taxes

The effective tax rate from continuing operations was

23.7%

and

25.7%

for the

nine

month periods ended

December 28, 2019

and

December 29, 2018,

respectively. The

2.0

percentage point decrease in the effective tax rate is due primarily to federal income tax credits and incentives.  The dollar amount of the federal credits and incentives did

not

change significantly from

2019

to

2020.

The decrease is the result of having a pre-tax loss in

2018

and pre-tax income in

2019.

The

2018

federal credits and incentives created a tax benefit which increased the tax rate because of the pre-tax loss.  The

2019

federal credits and incentives also created a tax benefit.  However, in

2019

the tax benefit decreased the tax rate because of the pre-tax income.