Note F - Taxes on Income

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Income Tax Disclosure [Text Block]

NOTE F—TAXES ON Income

The effective tax rate used in computing the provision for income taxes is based on projected fiscal year income before taxes, including estimated income by tax jurisdiction.

The total amount of net unrecognized tax benefits was

$2,655

and

$2,040

at

June 

30,

2019

and

December 31, 2018,

respectively. The Company accrues interest and penalties, relating to unrecognized tax benefits, in its provision for income taxes. At

June 30, 2019

and

December 31, 2018,

the Company had accrued interest and penalties relating to unrecognized tax benefits of

$163

and

$115,

respectively.

The Company intends to permanently reinvest earnings of its foreign operations and its current operating plans do

not

demonstrate a need to repatriate foreign earnings to fund the Company’s U.S. operations. However, if these funds were needed for the Company’s operations in the United States, the Company would be required to accrue and pay taxes in several countries to repatriate these funds. The determination of the amount of additional taxes related to the repatriation of these earnings is

not

practicable, as it

may

vary based on various factors such as the location of the cash and the effect of regulation in the various jurisdictions from which the cash would be repatriated.