XML 48 R17.htm IDEA: XBRL DOCUMENT v3.2.0.727
Income Taxes
3 Months Ended
May. 31, 2015
Income Taxes  
Income Taxes

Note 11 – Income Taxes

 

Income tax expense for the fiscal quarter ended May 31, 2015 was 14.2 percent of income before income taxes, compared to 17.0 percent for the same period last year. The year-over-year comparison of our effective tax rates was primarily impacted by shifts in the mix of taxable income in our various tax jurisdictions. Our effective tax rates were unfavorably impacted by asset impairment charges of $3.00 million for the fiscal quarter ended May 31, 2015, and $9.00 million for the fiscal quarter ended May 31, 2014, for which the related tax benefits were $0.34 and $0.86 million, respectively.