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Note 10 - Income Tax - Income Tax Rate Reconciliation (Details)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Computed “expected” tax rate 21.00% 21.00% 34.00%
State taxes, net of federal tax benefit 1.80% 2.80% 3.50%
Meals and entertainment 0.20% 0.20% 0.30%
Tax credits (6.20%) (1.90%) (0.60%)
Domestic production deduction (2.60%)
Non-deductible ISO stock option expense 0.10% 0.10%
Unrecognized tax benefits (0.70%)
Excess tax benefits on equity awards (0.70%) (1.30%) (1.40%)
Excess compensation 0.60% 0.80%
Impact on deferred taxes of new legislation (11.10%)
Other 0.40% 0.50% 0.10%
Change in valuation allowance 0.10%
Effective tax rate 16.50% 22.20% 22.30%