Income Taxes (Tables)

2 Months Ended

Feb. 29, 2020

Income Tax Disclosure [Abstract]

Sources of income from continuing operations before income taxes

The sources of income from continuing operations before income taxes and earnings of our unconsolidated equity method investments for the two months ended February 29, 2020 and February 28, 2019 were as follows:

	Two Months Ended February 29/28,
	2020		2019
U.S. operations	$	3,084	$	1,229
Non-U.S. operations	1,754		15,424
Income from continuing operations before income taxes and earnings of unconsolidated equity method investments	$	4,838	$	16,653

Analysis of effective income tax rate for continuing operations

Differences between statutory income tax rates and our effective income tax rates applied to pre-tax income from continuing operations consisted of the following:

	Two Months Ended February 29/28,
	2020		2019
Notional U.S. federal income tax expense at the statutory rate	$	1,016	$	3,497
U.S. state and local income tax, net	390		229
Non-U.S. operations:
Bermuda	(1,845)		(4,020)
Ireland	(1,147)		2,382
Singapore	(6)		(5)
Other low tax jurisdictions	2,533		(739)
Non-deductible expenses in the U.S.	734		555
Other	—		(1,147)
Income tax provision	$	1,675	$	752