Income Taxes (Tables)

9 Months Ended

May 31, 2018

Income Tax Disclosure [Abstract]

Schedule Of Provision (Benefit) For Income Taxes And Effective Income Tax Rate

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

	Three months ended May 31,						Nine months ended May 31,
	2018			2017			2018			2017
Provision for income taxes	$	7,611		$	9,663		$	(2,350	)	$	21,601
Effective income tax rate	26.1		%	34.0		%	(4.7		)%	33.5		%

Schedule of Effective Income Tax Rate Reconciliation

The difference between our U.S. federal statutory income tax rate and our effective income tax rate for the nine months ended May 31, 2018 and 2017 is summarized below:

	Nine months ended May 31, 2018		Nine months ended May 31, 2017
U.S. federal statutory income tax rate	25.7	%	35.0	%
State income taxes, net of federal tax benefit	3.4	%	2.6	%
Federal tax benefit of statutory tax deduction	(1.3	)%	(1.4	)%
Employment related and other tax credits, net	(1.5	)%	(1.7	)%
Stock option excess tax benefit	(2.8	)%	(1.4	)%
Deferred tax revaluation	(28.1	)%	—	%
Other	(0.1	)%	0.4	%
Effective tax rate	(4.7	)%	33.5	%