Income Taxes (Tables)

12 Months Ended

Nov. 30, 2013

Income taxes disclosure [Table Text Block]

Note 9: Income Taxes

Income from continuing operations before income taxes and income from equity method investments			2013		2012		2011
United States		$	81,788	$	69,287	$	48,782
Non-U.S.			45,756		20,261		53,638
Total		$	127,544	$	89,548	$	102,420

Components of the provision for income tax expense (benefit)			2013		2012		2011
Current:
	U.S. federal	$	16,999	$	25,637	$	6,286
	State		1,372		2,663		1,191
	Non-U.S.		11,930		18,999		17,994
			30,301		47,299		25,471
Deferred:
	U.S. federal		8,101		(12,314)		7,515
	State		2,244		(398)		676
	Non-U.S.		(697)		(4,108)		(2,451)
			9,648		(16,820)		5,740
Total		$	39,949	$	30,479	$	31,211

Reconciliation of effective income tax			2013		2012		2011
Statutory U.S. federal income tax rate		$	44,641	$	31,342	$	35,847
State income taxes, net of federal benefit			2,351		1,472		1,202
Foreign dividend repatriation			467		(9,004)		(536)
Foreign operations			(12,598)		(7,911)		(3,028)
Interest income not taxable in the U.S.			(1,789)		(1,802)		(1,784)
Change in valuation allowance			1,819		5,502		-
Tax impact of special charges, net			5,998		10,209		-
Other			(940)		671		(490)
Total		$	39,949	$	30,479	$	31,211

Deferred income tax balances at each year-end related to					2013		2012
Depreciation and amortization				$	(45,917)	$	(32,731)
Employee benefit costs					35,686		71,100
Foreign tax credit carryforward					14,567		13,510
Tax loss carryforwards					20,781		12,355
Other					14,343		22,669
					39,460		86,903
Valuation allowance					(14,621)		(12,325)
Net deferred tax assets				$	24,839	$	74,578

Summary of Income Tax Contingencies [Table Text Block]

		2013		2012
Balance at beginning of year	$	4,886	$	5,584
Tax positions related to the current year:
Additions		900		1,215

Tax positions related to prior years:
Additions		378		297
Reductions		(160)		(1,844)
Settlements		(105)		(67)
Lapses in applicable statutes of limitation		(748)		(299)
Balance at end of year	$	5,151	$	4,886

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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