Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Income Taxes

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Note 9 - Income Taxes
6 Months Ended
Jun. 30, 2016
Notes to Financial Statements  
Income Tax Disclosure [Text Block]
9.
INCOME TAXES
 
Generally, accounting standards require companies to provide for income taxes each quarter based on their estimate of the effective tax rate for the full year. The authoritative guidance for accounting for income taxes allows use of the discrete method when it provides a better estimate of income tax expense. Due to the Company's valuation allowance position, it is the Company's position that the discrete method provides a more accurate estimate of income tax expense and therefore income tax expense for the current quarter has been presented using the discrete method.  As the year progresses, the Company refines its estimate based on the facts and circumstances by each tax jurisdiction.  The following table summarizes income tax (benefit) expense on loss from continuing operations and the effective tax rate for the three- and six-month periods ended June 30, 2016 and 2015: 
 
   
Three Months Ended
   
Six Months Ended
 
   
June 30,
   
June 30,
 
   
2016
   
2015
   
2016
   
2015
 
Benefit from income tax
  $ (236 )   $ (177 )   $ (227 )   $ (250 )
Effective income tax rate
    6.3 %     2.0 %     2.9 %     1.6 %
 
Income tax benefit for the three- and six-month periods ended June 30, 2016 was primarily due to the reclassification of CSO as discontinued operations and the tax adjustments associated with that reclass
. Income tax benefit for the three- and six-month periods ended June 30, 2015 was primarily due to net operating losses, partially offset by minimum state and local taxes.