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Note 15 - Income Taxes (Detail) - Reconciliations of the Expected Federal Income Tax at the Statutory Rate With the Provisions For Income Taxes: (USD $)
3 Months Ended 12 Months Ended
Aug. 31, 2012
May 31, 2012
Feb. 29, 2012
Nov. 30, 2011
Aug. 31, 2011
May 31, 2011
Feb. 28, 2011
Nov. 30, 2010
Aug. 31, 2012
Aug. 31, 2011
Tax computed at statutory rates                 $ 1,570,000 $ 1,692,000
State income tax, net of federal benefit                 (17,000) 46,000
Tax effect on equity in income (loss) of international joint ventures                 (1,616,000) (1,705,000)
Tax effect on dividends received from joint ventures                 1,363,000 1,229,000
Benefit of foreign operations                 556,000 119,000
Foreign tax credit                 (1,729,000) (1,440,000)
Research and development credit                 (330,000) (205,000)
Valuation allowance                 1,177,000 896,000
Other                 67,000 74,000
$ (32,000) $ 814,000 $ 100,000 $ 106,000 $ 216,000 [1] $ 228,000 $ 140,000 $ 122,000 $ 1,041,000 $ 706,000
[1] During the fourth quarter of fiscal 2010, the Company decided to consolidate the financial results of the Company's majority owned Brazilian subsidiary, Zerust Prevencao de Corrosao S.A., for the fiscal year ended August 31, 2010. As a result, all revenues and expenses of Zerust Brazil for the fiscal year ended August 31, 2010 are included in the fourth quarter of fiscal 2010.