XML 21 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Taxes
9 Months Ended
May 31, 2016
Income Taxes [Abstract]  
Income Taxes

4.Income Taxes



The following table presents the Company’s provision for income taxes and effective income tax rate for the periods below:







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Three months ended

 

Nine months ended



 

May 31,

 

May 31,



 

2016

 

2015

 

2016

 

2015

Provision for income taxes

 

$

8,122 

 

 

$

9,637 

 

 

$

20,618 

 

 

$

19,019 

 

Effective income tax rate

 

 

34.6 

%

 

 

32.0 

%

 

 

34.8 

%

 

 

33.2 

%



The higher effective tax rate in both the third quarter and the first nine months of fiscal year 2016 was primarily attributable to the fiscal year 2015 effective rate being favorably impacted by the recognition of prior years’ federal tax deductions.