Income Taxes (Tables)

6 Months Ended

Feb. 28, 2018

Reconciliation of Effects of Tax Act on Effective Tax Rate

The table below reconciles the effects of the Tax Act discussed above on the effective tax rate for the six months ended February 28, 2018:

Effective tax rate before the Tax Act	33.0	%
Benefit from reduction in statutory federal corporate tax rate from 35% to 25.7%	(5.6	)
Effective tax rate before discrete items	27.4
Discrete benefit from revaluation of deferred income taxes	(31.7	)
Discrete expense from transition tax	10.6
Effective tax rate	6.3	%