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Income Taxes (Tables)

12 Months Ended

Aug. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Tax, Domestic and Foreign

Income before income taxes consisted of the following (in thousands):

			Fiscal Year Ended August 31,
			2023						2022						2021
United States			$	49,871					$	47,427					$	40,949
Foreign (1)			35,292						36,681						45,550
Income before income taxes			$	85,163					$	84,108					$	86,499

(1)Included in these amounts are income before income taxes for the EMEA segment of $25.6 million, $30.3 million and $38.8 million for the fiscal years ended August 31, 2023, 2022 and 2021, respectively.

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes consisted of the following (in thousands):

			Fiscal Year Ended August 31,
			2023						2022						2021
Current:
Federal			$	9,973					$	7,487					$	5,871
State			1,039						861						1,007
Foreign			9,023						8,114						10,944
Total current			20,035						16,462						17,822
Deferred:
United States			(806)						6						(1,201)
Foreign			(59)						311						(351)
Total deferred			(865)						317						(1,552)
Provision for income taxes			$	19,170					$	16,779					$	16,270

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and deferred tax liabilities consisted of the following (in thousands):

			August 31, 2023						August 31, 2022
Deferred tax assets:
Accrued payroll and related expenses			$	1,110					$	881
Reserves and accruals			1,436						1,178
Research and development expenses			1,125						-
Stock-based compensation expense			2,394						2,366
Uncertain tax positions and related interest			991						560
Uniform capitalization			2,383						2,657
Tax credit carryforwards			3,918						3,512
Other			2,673						2,630
Total gross deferred tax assets			16,030						13,784
Valuation allowance			(3,960)						(3,628)
Total net deferred tax assets			12,070						10,156
Deferred tax liabilities:
Property and equipment, net			(4,215)						(4,122)
Amortization of tax goodwill and intangible assets			(15,415)						(14,931)
Other			(1,544)						(952)
Total deferred tax liabilities			(21,174)						(20,005)
Net deferred tax liabilities			$	(9,104)					$	(9,849)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows (in thousands):

			Fiscal Year Ended August 31,
			2023						2022						2021
Amount computed at U.S. statutory federal tax rate			$	17,884					$	17,662					$	18,165
Effect of foreign operations			1,583						317						629
Net benefit from GILTI/FDII			(2,071)						(2,002)						(1,764)
Expense (benefit) from stock compensation			538						(204)						(1,813)
Uncertain tax positions and related interest			1,377						273						222
Other			(141)						733						831
Provision for income taxes			$	19,170					$	16,779					$	16,270

Schedule of Unrecognized Tax Benefits Roll Forward

Reconciliations of the beginning and ending amounts of the Company’s gross unrecognized tax benefits, excluding interest and penalties, are as follows (in thousands):

			Fiscal Year Ended August 31,
			2023						2022
Unrecognized tax benefits – beginning of fiscal year			$	9,251					$	9,314
Net increases (decreases) – prior period tax positions			-						-
Net increases – current period tax positions			191						200
Expirations of statute of limitations for assessment			(167)						(263)
Unrecognized tax benefits – end of fiscal year			$	9,275					$	9,251

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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