Note 14 - Income Taxes

3 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Income Tax Disclosure [Text Block]

14.

Income Taxes

For the

three

months ended

June 30, 2017

and

2016,

we recorded income tax provisions of

$1.7

million and

$2.3

million, reflecting effective tax rates of

24.1%

and

42.7%,

respectively. The

June 2017

quarter was impacted by the adoption of Accounting Standards Update, or ASU,

No.

2016

-

09

during the quarter ended

June 30, 2017,

which required the recognition of all excess tax benefits and tax deficiencies in our statement of operations when the awards vested or were settled, the adoption of ASU

2016

-

16,

that eliminated the deferral of recognition of deferred tax attributes on certain intercompany transactions and the estimates of annual income in domestic and foreign jurisdictions. Our effective tax rate for the quarter ended

June 30, 2016

was affected by non-benefitted losses incurred in certain tax jurisdictions and estimates of annual income in domestic and foreign jurisdictions.