Income Taxes	6 Months Ended
Feb. 28, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 5 – Income Taxes The Company recorded income tax (benefit) expense of $(1.6) million and $3.9 million for the three months ended February 28, 2019 and 2018, respectively. The Company recorded income tax (benefit) expense of $(1.2) million and $5.5 million for the six months ended February 28, 2019 and February 28, 2018, respectively. The overall income tax rate was 34.2 percent and 53.0 percent for the fiscal year-to-date periods ended February 28, 2019 and February 28, 2018, respectively. It is the Company’s policy to report income tax expense for interim periods using an estimated annual effective income tax rate. The estimated annual effective income tax rate was 29.4 percent and 28.4 percent for the six months ended February 28, 2019 and February 28, 2018, respectively. The change in the estimated annual effective income tax rate from February 2018 to February 2019 relates primarily to the reduction of the U.S corporate income tax rate from a prior year blended rate of 25.7 percent to 21 percent due to U.S. Tax Reform offset by the elimination of the manufacturing deduction. The tax effects of significant or unusual items are not considered in the estimated annual effective income tax rate. The tax effects of such discrete events are recognized in the interim period in which the events occur. The Company recorded discrete items of $(0.3) million for the six months ended February 28, 2019. The Company recorded $2.6 million of discrete items for the six months ended February 28, 2018 as a result of amounts recorded for U.S. Tax Reform. The United States enacted significant tax reform into law on December 22, 2017. U.S. Tax Reform made complex and broad changes to the U.S. tax laws. U.S. Tax Reform required companies to pay a one-time deemed repatriation tax on certain undistributed earnings of foreign subsidiaries. The Company recorded a $1.7 million expense for the deemed repatriation tax in fiscal year 2018. U.S. Tax Reform also established new income tax provisions that will affect the Company’s fiscal year 2019, including, but not limited to, eliminating the U.S. manufacturing deduction, and establishing a new minimum tax on global intangible low-taxed income (“GILTI”). The Company has elected to account for GILTI as a period cost, the effect of which is reflected in the estimated annual effective tax rate of 29.4 percent for the six months ended February 28, 2019.

Income Taxes

6 Months Ended

Feb. 28, 2019

Note 5 – Income Taxes

The Company recorded income tax (benefit) expense of $(1.6) million and $3.9 million for the three months ended February 28, 2019 and 2018, respectively. The Company recorded income tax (benefit) expense of $(1.2) million and $5.5 million for the six months ended February 28, 2019 and February 28, 2018, respectively. The overall income tax rate was 34.2 percent and 53.0 percent for the fiscal year-to-date periods ended February 28, 2019 and February 28, 2018, respectively.

It is the Company’s policy to report income tax expense for interim periods using an estimated annual effective income tax rate. The estimated annual effective income tax rate was 29.4 percent and 28.4 percent for the six months ended February 28, 2019 and February 28, 2018, respectively. The change in the estimated annual effective income tax rate from February 2018 to February 2019 relates primarily to the reduction of the U.S corporate income tax rate from a prior year blended rate of 25.7 percent to 21 percent due to U.S. Tax Reform offset by the elimination of the manufacturing deduction. The tax effects of significant or unusual items are not considered in the estimated annual effective income tax rate. The tax effects of such discrete events are recognized in the interim period in which the events occur. The Company recorded discrete items of $(0.3) million for the six months ended February 28, 2019. The Company recorded $2.6 million of discrete items for the six months ended February 28, 2018 as a result of amounts recorded for U.S. Tax Reform.

The United States enacted significant tax reform into law on December 22, 2017. U.S. Tax Reform made complex and broad changes to the U.S. tax laws. U.S. Tax Reform required companies to pay a one-time deemed repatriation tax on certain undistributed earnings of foreign subsidiaries. The Company recorded a $1.7 million expense for the deemed repatriation tax in fiscal year 2018. U.S. Tax Reform also established new income tax provisions that will affect the Company’s fiscal year 2019, including, but not limited to, eliminating the U.S. manufacturing deduction, and establishing a new minimum tax on global intangible low-taxed income (“GILTI”). The Company has elected to account for GILTI as a period cost, the effect of which is reflected in the estimated annual effective tax rate of 29.4 percent for the six months ended February 28, 2019.