Income Taxes

6 Months Ended

May 31, 2012

Income Taxes [Abstract]

Income Taxes

4. Income Taxes

The income tax provision of $5.6 million in the first half of fiscal 2012 is primarily related to (i) federal taxes of $2.4 million, (ii) current state taxes of $1.1 million, and (iii) net deferred taxes of $2.1 million, which represents federal and state deferred taxes from goodwill amortization and utilization of federal alternative minimum tax credits and California research credits.

The income tax provision of $3.1 million in the first half of fiscal 2011 is primarily related to current state taxes of $1.9 million and net deferred taxes of $1.2 million, which represents the excess of deferred tax expense from goodwill amortization over deferred tax benefit from research credits.