Note 7 - Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2018			2017		2016
Current:
Federal	$	3,613		$	2,846	$	5,642
Tax Cut and Jobs Act		-			265		-
State and local		643			647		628
Foreign		789			338		-
		5,045			4,096		6,270
Long Term:
Tax Cut and Jobs Act		-			1,336		-
Deferred Taxes:
Deferred tax (benefit) provision		(625	)		1,899		(1,010	)
Tax Cut and Jobs Act re-measurement		-			2,429		-
		(625	)		4,328		(1,010	)
	$	4,420		$	9,760	$	5,260

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2018			2017
Deferred income tax assets:
Pension accruals	$	2,729		$	2,606
Operating reserves and other accruals		1,984			2,174
Tax carrying value in excess of book basis of intangibles		-			866
Tax credits		748			255
Valuation allowance on tax credits		(748	)		(255	)
Deferred income tax liabilities:
Book carrying value in excess of tax basis of property		(1,495	)		(937	)
Book carrying value in excess of tax basis of intangibles		(6,906	)		-
Tax effect of revenue recognition standard ASC 606		(2,657	)		-
Deferred expenses		(2,130	)		(1,809	)
Net deferred income tax (liability) asset	$	(8,475	)	$	2,900

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2018			2017			2016
Statutory Federal income tax rate		21.0	%		34.0	%		34.0	%
State and local income taxes, net of Federal income tax benefit		2.0			1.5			1.9
Current year untaxed foreign income		(8.3	)		(6.5	)		(5.1	)
Foreign Taxes		2.6			1.4			-
GILTI Tax		2.7			-			-
Contingent liability adjustments		(1.4	)		-			-
Non-deductible share-based employee compensation expense		0.6			1.1			1.2
Excess tax benefit from stock compensation		(0.3	)		(7.2	)		(4.4	)
Excess executive compensation		0.9			-			-
Non-deductible acquisition expense		1.7			-			-
Federal tax credits		(0.4	)		(0.5	)		(0.8	)
Tax Cut and Jobs Act deferred tax re-measurement		-			6.9			-
Tax on undistributed foreign earnings		1.1			2.9			-
Transition tax (repatriation)		(0.8	)		5.9			-
Other items		(0.7	)		(0.1	)		(0.4	)
Effective income tax rate		20.7	%		39.4	%		26.4	%

Summary of Income Tax Contingencies [Table Text Block]

(In thousands)
	2018			2017
Balance at the beginning of year	$	400		$	399
Additions based on tax positions related to the current year		56			59
Additions for tax positions of prior years		85			-
Reductions due to lapse of statute of limitations		(64	)		(58	)
Balance at the end of year	$	477		$	400