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Income Taxes	9 Months Ended
May 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Note 4 – Income Taxes The Company recorded income tax expense of $3.4 million and $2.2 million for the three months ended May 31, 2021 and 2020 respectively, and recorded income tax expense of $5.8 million and $6.4 million for the nine months ended May 31, 2021 and 2020, respectively. It is the Company’s policy to report income tax expense for interim periods using an estimated annual effective income tax rate. The estimated annual effective income tax rate was 21.4 percent and 23.6 percent for the nine months ended May 31, 2021 and 2020, respectively. The tax effects of significant or unusual items are not considered in the estimated annual effective income tax rate. The tax effects of such discrete events are recognized in the interim period in which the events occur. The Company recorded discrete items resulting in an income tax benefit of $3.3 million and $0.3 million for the nine months ended May 31, 2021 and 2020, respectively, The discrete items recorded in the nine months ended May 31, 2021 includes a benefit of $1.7 million related to the release of a valuation allowance related to net operating loss carryforwards in a foreign jurisdiction that are now expected to be realizable.

Income Taxes

9 Months Ended

May 31, 2021

Note 4 – Income Taxes

The Company recorded income tax expense of $3.4 million and $2.2 million for the three months ended May 31, 2021 and 2020 respectively, and recorded income tax expense of $5.8 million and $6.4 million for the nine months ended May 31, 2021 and 2020, respectively.

It is the Company’s policy to report income tax expense for interim periods using an estimated annual effective income tax rate. The estimated annual effective income tax rate was 21.4 percent and 23.6 percent for the nine months ended May 31, 2021 and 2020, respectively.

The tax effects of significant or unusual items are not considered in the estimated annual effective income tax rate. The tax effects of such discrete events are recognized in the interim period in which the events occur. The Company recorded discrete items resulting in an income tax benefit of $3.3 million and $0.3 million for the nine months ended May 31, 2021 and 2020, respectively, The discrete items recorded in the nine months ended May 31, 2021 includes a benefit of $1.7 million related to the release of a valuation allowance related to net operating loss carryforwards in a foreign jurisdiction that are now expected to be realizable.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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