XML 86 R69.htm IDEA: XBRL DOCUMENT v3.20.2
Income Taxes - Reconciliation (Details) - USD ($)
$ in Thousands
4 Months Ended 8 Months Ended 12 Months Ended 32 Months Ended
Dec. 31, 2017
Aug. 31, 2018
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2018
Aug. 31, 2020
Domestic and foreign pre-tax income            
United States     $ 42,027 $ 37,088 $ 48,962  
Foreign     3,293 6,465 8,003  
Income before income taxes     45,320 43,553 56,965  
Current:            
Federal     9,157 9,880 12,872  
State     1,813 1,699 1,662  
Foreign     962 1,575 1,761  
Total current income tax provision     11,932 13,154 16,295  
Deferred:            
Federal     (520) (1,699) (2,214)  
State     (184) (529) (263)  
Foreign     (65) (84) 4  
Total deferred income tax provision (benefit)     (769) (2,312) (2,473)  
Total income tax provision     $ 11,163 $ 10,842 $ 13,822  
Reconciliation of the effective income tax rate on continuing operations with the U.S. federal statutory income tax rate            
Federal statutory rates (as a percent) 35.00% 21.00% 21.00% 21.00% 25.70% 21.00%
Adjustment resulting from the tax effect of:            
State and local taxes, net of federal benefit (as a percent)     3.00% 2.10% 1.90%  
Domestic production deduction (as a percent)     (0.00%) (0.00%) (1.60%)  
Foreign tax rate differential (as a percent)     0.00% 0.10% (0.30%)  
Adjustment to uncertain tax position (as a percent)     1.10% (1.00%) (1.10%)  
Transaction costs not deductible     0.50% 0.00% 0.00%  
Research credit generated (as a percent)     (0.10%) (0.30%) (0.20%)  
Stock Compensation (as a percent)     (0.30%) (0.40%) (3.40%)  
Permanent items (as a percent)     0.90% 1.10% 0.90%  
Tax effect of undistributed earnings (as a percent)     0.30% 0.60% (0.80%)  
Other (as a percent)     0.40% (0.40%) (0.80%)  
Change in valuation allowance (as a percent)     0.00% 0.10% 0.10%  
Deferred income tax remeasurement (as a percent)     0.00% 0.00% 1.70%  
Effective income tax rate (as a percent)     24.60% 24.90% 24.30%