Income Taxes

9 Months Ended

May 31, 2026

Income Tax Disclosure [Abstract]

Income Taxes

Note 10. Income Taxes

The Company's global operations, acquisition activity (as applicable) and specific tax attributes provide opportunities for continuous global tax planning initiatives to maximize tax credits and deductions. Comparative earnings before income taxes, income tax expense and effective income tax rates are as follows:

(Dollars in thousands)	Three Months Ended May 31,						Nine Months Ended May 31,
	2026			2025			2026			2025
Earnings before income tax expense	$	38,693		$	28,339		$	86,365		$	83,914
Income tax expense	8,895			6,295			21,127			19,246
Effective income tax rate	23.0		%	22.2		%	24.5		%	22.9		%

The Company’s earnings before income taxes include earnings from both U.S. and foreign jurisdictions. As several foreign tax rates are higher than the U.S. tax rate of 21%, the annual effective tax rate is impacted by foreign rate differentials, withholding taxes, losses in jurisdictions where no benefit can be realized, and key international provisions enacted from recent tax legislation, such as the Global Intangible Low-Taxed Income and Foreign-Derived Intangible Income provisions.

The effective tax rate for the three and nine months ended May 31, 2026 was 23.0% and 24.5%, respectively, compared to 22.2% and 22.9% respectively, for the respective comparable prior-year period. The effective tax rate in each period was impacted by year-to-date losses and deductions in jurisdictions where no tax benefit can be realized. The higher effective tax rate for the three months ended May 31, 2026 was primarily driven by the more favorable tax impac