Income Taxes (Tables)

12 Months Ended

May 31, 2013

Reconciliation of Unrecognized Tax Benefits

The reconciliation of our unrecognized tax benefits is as follows for the fiscal years ended May 31:

	2013		2012		2011
Balance as of June 1	$	—	$	—	$	4,691
Decrease related to prior year tax positions		—		—		(4,691	)
Balance as of May 31	$	—	$	—	$	—

Components of Income Before Income Taxes

For financial reporting purposes, income before income taxes comprised the following as of May 31:

	2013			2012			2011
Domestic	$	37,162		$	40,364		$	36,817
Foreign		(49	)		(359	)		472
	$	37,113		$	40,005		$	37,289

Components of Provision for Income Taxes

The provision for income taxes consisted of the following for the fiscal years ended May 31:

	2013			2012		2011
Current
Federal	$	17,007		$	1,057	$	(5,583	)
State		1,417			1,523		2,028
Foreign		573			538		(521	)
Deferred
Federal		(4,401	)		10,541		17,083
State		257			559		540
Foreign		(494	)		15		(14	)
	$	14,359		$	14,233	$	13,533

Reconciliation Between Statutory Federal Income Tax Rate and Effective Income Tax Rate

The following reconciles the statutory federal income tax rate to the effective tax rate for the fiscal years ended May 31:

	2013			2012			2011
Statutory federal rate		35.0	%		35.0	%		35.0	%
State taxes, net of federal benefit		3.0			3.4			4.5
Derecognition of uncertain tax positions		—			—			(3.4	)
Bargain purchase gain		—			(3.0	)		(0.2	)
Foreign tax refund		—			(0.4	)		—
Permanent differences resulting from valuation allowances		0.7			0.7			0.3
Other		—			(0.1	)		0.1
Effective tax rate		38.7	%		35.6	%		36.3	%

Components of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that gave rise to significant portions of the net deferred tax liabilities consisted of the following at May 31:

	2013			2012
Deferred tax assets:
Goodwill and intangible assets	$	—		$	300
Allowance for doubtful accounts		105			206
Deferred compensation and benefits		3,545			2,813
Net operating losses		1,110			871
Valuation allowance		(1,110	)		(871	)
Other		908			1,390
		4,558			4,709
Deferred tax liabilities:
Accumulated depreciation		(51,948	)		(56,532	)
Deferred taxes on bargain purchase		(2,207	)		(2,548	)
Intangible asset		(143	)		—
Net deferred tax liabilities	$	(49,740	)	$	(54,371	)