Income Taxes (Tables)

12 Months Ended

Aug. 31, 2012

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes consists of the following components:

	Years Ended August 31,
	2012		2011		2010
Provision for current federal taxes	$	47.9	$	36.9	$	24.0
Provision for current state taxes	5.4		3.9		4.0
Provision for current foreign taxes	3.7		2.3		4.7
Provision for deferred taxes	5.7		9.0		7.1
Total provision for income taxes	$	62.7	$	52.1	$	39.8

Schedule of Reconciliation of Federal Statutory Rate to Total Provision for Income Taxes

A reconciliation of the federal statutory rate to the total provision for income taxes is as follows:

	Years Ended August 31,
	2012			2011			2010
Federal income tax computed at statutory rate	$	62.6		$	55.1		$	41.6
State income tax, net of federal income tax benefit	4.5			4.0			2.6
Foreign permanent differences and rate differential	(1.2		)	(0.8		)	(0.6		)
Other, net	(3.2		)	(6.2		)	(3.8		)
Total provision for income taxes	$	62.7		$	52.1		$	39.8

Schedule of Components of Net Deferred Income Taxes

Components of the net deferred income taxes at August 31, 2012 and 2011 include:

	August 31,
	2012			2011
Deferred Income Tax Liabilities:
Depreciation	$	(6.0	)	$	(5.5	)
Goodwill and intangibles	(88.2		)	(82.6		)
Other liabilities	(6.1		)	(6.1		)
Total deferred income tax liabilities	(100.3		)	(94.2		)
Deferred Income Tax Assets:
Self-insurance	3.2			3.8
Pension	30.4			20.4
Deferred compensation	26.0			25.5
Bonuses	1.9			1.4
Net operating losses*	13.7			13.1
Other accruals not yet deductible	12.5			13.2
Other assets	6.5			6.1
Total deferred income tax assets	94.2			83.5
Valuation Allowance*	(10.2		)	(7.7		)
Net deferred income tax (liabilities) assets	$	(16.3	)	$	(18.4	)

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* A substantial portion of the deferred income tax asset and valuation allowance relates to cumulative net operating losses incurred by Renaissance up to the date of acquisition.

Schedule of Change in Unrecognized Income Tax Benefit

A reconciliation of the change in the unrecognized income tax benefit (reported in Other long-term liabilities on the Consolidated Balance Sheets) for the years ended August 31, 2012 and 2011 is as follows:

	FY2012			FY2011
Unrecognized tax benefits balance at September 1	$	6.8		$	6.7
Additions based on tax positions related to the current year	0.2			0.4
Additions for tax positions of prior years	1.1			0.6
Reductions for tax positions of prior years	(0.3		)	(0.2		)
Reductions due to settlements	(0.1		)	(0.2		)
Reductions due to lapse of statute of limitations	(0.7		)	(0.5		)
Unrecognized tax benefits balance at August 31	$	7.0		$	6.8