Income Taxes |
3 Months Ended |
|---|---|
Nov. 30, 2025 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Note 4 – Income Taxes
The Company recorded income tax expense of $5.4 million and $4.9 million for the three months ended November 30, 2025 and 2024, 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 22.4 percent and 22.0 percent for the three months ended November 30, 2025 and 2024, respectively. The increase in the estimated annual effective income tax rate relates primarily to the change in earnings mix among foreign operations.
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 impact of discrete items amounted to additional expense of $0.5 million for the three months ended November 30, 2025 and was not significant for the three months ended November 30, 2024. |