Note 6 - Income Taxes |
9 Months Ended |
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Sep. 30, 2026 | |
| Notes to Financial Statements | |
| Income Tax Disclosure [Text Block] |
6. Income Taxes:
Our effective tax rates for the three and nine months ended September 30, 2026 were 25.7% and 24.8%, respectively, compared to the effective tax rates for the three and nine months ended September 30, 2025 of 25.3% and 23.2%, respectively. The increase in the effective tax rate for the three months ended September 30, 2026, was primarily due to losses on adjustments to cost-based investments for which limited tax benefit was recognized in the current period. The increase in the effective tax rate for the nine months ended September 30, 2026, was primarily due to lower tax benefits from equity compensation in the current period versus the prior period as well as losses on adjustments to cost-based investments for which limited tax benefit was recognized in the current period. The difference between statutory tax rates and our effective tax rate is primarily due to state and local taxes, partially offset by tax benefits attributable to equity compensation.
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