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Income Taxes (Tables)
12 Months Ended
Aug. 31, 2016
Income Taxes [Abstract]  
Provision For Income Taxes From Continuing Operations



 

 

 

 

 

 



 

 

 

 

 

 

YEAR ENDED

 

 

 

 

 

 

AUGUST 31,

 

2016 

 

2015 

 

2014 

Current:

 

 

 

 

 

 

Federal

$

380 

$

220 

$

(237)

State

 

197 

 

208 

 

146 

Foreign

 

2,553 

 

2,691 

 

2,557 



 

3,130 

 

3,119 

 

2,466 



 

 

 

 

 

 

Deferred:

 

 

 

 

 

 

Federal

 

1,584 

 

3,239 

 

1,217 

State

 

(70)

 

138 

 

277 

Foreign

 

(50)

 

(200)

 

(268)

Valuation allowance

 

301 

 

 -

 

 -



 

1,765 

 

3,177 

 

1,226 



$

4,895 

$

6,296 

$

3,692 



Allocation Of Total Income Tax Provision



 

 

 

 

 

 



 

 

 

 

 

 

YEAR ENDED

 

 

 

 

 

 

AUGUST 31,

 

2016 

 

2015 

 

2014 

Net income

$

4,895 

$

6,296 

$

3,692 

Other comprehensive income

 

(115)

 

(52)

 

24 



$

4,780 

$

6,244 

$

3,716 



Income From Continuing Operations Before Income Taxes



 

 

 

 

 

 



 

 

 

 

 

 

YEAR ENDED

 

 

 

 

 

 

AUGUST 31,

 

2016 

 

2015 

 

2014 

United States

$

9,328 

$

15,073 

$

19,256 

Foreign

 

2,583 

 

2,339 

 

2,503 



$

11,911 

$

17,412 

$

21,759 



Differences Between Income Taxes At The Statutory Federal Income Tax Rate And Income Taxes From Continuing Operations



 

 

 

YEAR ENDED 

AUGUST 31,

2016  2015  2014 

Federal statutory income tax rate

35.0%  35.0%  35.0% 

State income taxes, net of federal effect

1.9  2.3  1.9 

Valuation allowance

2.5 

-

-

Foreign jurisdictions tax differential

(0.6) 1.2  (0.4)

Tax differential on income subject to both U.S. and foreign taxes

1.9  0.5  0.5 

Effect of claiming foreign tax credits instead of deductions for prior years

 

 

-

(3.2) (19.3)

Uncertain tax positions

(0.4) (0.9) (2.6)

Non-deductible executive compensation

 

-

0.2  0.9 

Non-deductible meals and entertainment

1.6  1.1  0.8 

Other

(0.8)

-

0.2 



41.1%  36.2%  17.0% 



Significant Components Of Deferred Tax Assets And Liabilities



 

 

 

 



 

 

 

 

AUGUST 31,

 

2016 

 

2015 

Deferred income tax assets:

 

 

 

 

Sale and financing of corporate

 

 

 

 

headquarters

$

9,013 

$

9,531 

Foreign income tax credit

 

 

 

 

carryforward

 

2,784 

 

5,106 

Stock-based compensation

 

2,674 

 

1,671 

Inventory and bad debt reserves

 

1,147 

 

1,025 

Bonus and other accruals

 

1,017 

 

934 

Deferred revenue

 

405 

 

328 

Other

 

617 

 

810 

Total deferred income tax assets

 

17,657 

 

19,405 

Less: valuation allowance

 

(301)

 

 -

Net deferred income tax assets

 

17,356 

 

19,405 



 

 

 

 

Deferred income tax liabilities:

 

 

 

 

Intangibles step-ups – indefinite lived

 

(8,528)

 

(8,515)

Intangibles step-ups – definite lived

 

(6,003)

 

(6,552)

Intangible asset impairment and

 

 

 

 

amortization

 

(4,505)

 

(5,001)

Property and equipment depreciation

 

(3,367)

 

(3,139)

Unremitted earnings of foreign

 

 

 

 

subsidiaries

 

(574)

 

(546)

Other

 

(399)

 

(77)

Total deferred income tax liabilities

 

(23,376)

 

(23,830)

Net deferred income taxes

$

(6,020)

$

(4,425)



Deferred Income Tax Amounts Recorded On The Consolidated Balance Sheets



 

 

 

 



 

 

 

 

AUGUST 31,

 

2016 

 

2015 

Current assets

$

 -

$

2,479 

Other long-term assets

 

650 

 

194 

Long-term liabilities

 

(6,670)

 

(7,098)

Net deferred income tax liability

$

(6,020)

$

(4,425)



Summary Of Tax Credit Carryforwards



 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

Credit Generated in

 

 

 

 

 

Credits Used

 

Credits Used

 

Credits

Fiscal Year Ended

 

Credit Expires

 

Credits

 

in Prior

 

in Fiscal

 

Carried

August 31,

 

August 31,

 

Generated

 

Years

 

2016

 

Forward

2010

 

2020

$

2,907 

$

(1,299)

$

(1,608)

$

 -

2011

 

2021

 

3,448 

 

 -

 

(664)

 

2,784 

2012

 

2022

 

2,563 

 

(2,563)

 

 -

 

 -

2013

 

2023

 

2,815 

 

(2,815)

 

 -

 

 -

2014

 

2024

 

1,378 

 

(1,378)

 

 -

 

 -

2015

 

2025

 

1,422 

 

(1,422)

 

 -

 

 -

2016

 

2026

 

1,648 

 

 -

 

(1,648)

 

 -



 

 

$

16,181 

$

(9,477)

$

(3,920)

$

2,784 



Reconciliation Of The Beginning And Ending Amount Of Gross Unrecognized Tax Benefits



 

 

 

 

 

 



 

 

 

 

 

 

YEAR ENDED

 

 

 

 

 

 

AUGUST 31,

 

2016 

 

2015 

 

2014 

Beginning balance

$

3,115 

$

3,491 

$

4,129 

Additions based on tax positions

 

 

 

 

 

 

related to the current year

 

199 

 

244 

 

157 

Additions for tax positions in

 

 

 

 

 

 

prior years

 

 

144 

 

60 

Reductions for tax positions of prior

 

 

 

 

 

 

years resulting from the lapse of

 

 

 

 

 

 

applicable statute of limitations

 

(212)

 

(339)

 

(663)

Other reductions for tax positions of

 

 

 

 

 

 

prior years

 

(81)

 

(425)

 

(192)

Ending balance

$

3,024 

$

3,115 

$

3,491 



Tax Years That Remain Subject To Examinations For Major Tax Jurisdictions

2009-2016 

Canada

 2009-2016

Australia

 2011-2016 

Japan, United Kingdom

 2012-2016 

United States – state and local income tax

 2013-2016 

United States – federal income tax