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Income Taxes
9 Months Ended
May 31, 2013
Income Taxes [Abstract]  
Income Taxes

 

Note 4 – Income Taxes

The Company recorded income tax expense of $13.7 million and $31.5 million for the three and nine months ended May 31, 2013, respectively.  The Company recorded income tax expense of $9.8 million and $17.9 million for the three and nine months ended May 31, 2012, respectively.  The estimated annual effective income tax rate used to calculate income tax expense was 34.4 percent and 34.2 percent for the year-to-date periods ended May 31, 2013 and 2012, respectively. The increase in the estimated annual effective income tax rate from May 2012 to May 2013 primarily relates to incremental foreign taxes less certain tax credits reinstated in the three months ended February 28, 2013.  The Company recorded no material discrete items for the nine months ended May 31, 2013 and 2012.