Note 12 - Income Taxes

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Income Tax Disclosure [Text Block]

(12) Income Taxes

The determination of income tax expense in the accompanying unaudited condensed consolidated statements of income is based upon the estimated effective tax rate for the year, adjusted for the impact of any discrete items which are accounted for in the period in which they occur. The Company recorded income tax expense of approximately 25.1% and 19.4% of income before income tax expense for the three-month periods ended September 30, 2021 and 2020, respectively. The Company recorded income tax expense of approximately 23.6% and 19.1% of income before income tax expense for each of the nine-month periods ended September 30, 2021 and 2020, respectively.